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Boeing HorizonX Ventures has led a USD 16 million, series A investment in Matternet.
Menlo Park, Calif. — Matternet announced it has raised $16 million in Series A funding led by Boeing HorizonX Ventures, with participation from Swiss Post, Sony Innovation Fund and Levitate Capital. Matternet will utilize the funds to expand U.S. and global operations in urban environments. Matternet’s strategic partnership with Boeing and financing round builds on the company’s strong momentum in the urban drone delivery space over the past year.
With its launch of permanent healthcare operations in Switzerland, continued partnership with Mercedes-Benz Vans, and being chosen to participate in the U.S. Federal Aviation Administration’s (FAA) Unmanned Aircraft System (UAS) Integration Pilot Program (IPP), Matternet is helping to establish the framework that will enable a new layer of on-demand, urban transportation in the U.S. and abroad. “Matternet’s technology and proven track record make the development of a safe, global autonomous air mobility system a near-term reality,” said Brian Schettler, managing director of Boeing HorizonX Ventures.
“Between the company’s success in Switzerland and being selected by the FAA to test unmanned aerial networks in the U.S., we are excited to work together to reimagine how the world connects and shape the next generation of transportation solutions.” “We are excited to partner with Boeing, the pioneers of safe commercial aviation, to make this new mode of transport mainstream,” said Matternet founder and CEO Andreas Raptopoulos. “As we expand Matternet’s U.S. and global operations, we will work with Boeing to make nextgeneration aerial logistics networks a reality and transform our everyday lives. Read more
Source: MATTERNET
