Flytrex Raises $40M to Increase its Drone Supply Service Throughout the US – sUAS Information

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Flytrex, a pacesetter in on-demand drone supply for meals and retail, introduced that it has raised a $40 million Sequence C funding spherical, bringing its complete funding to this point to $60 million. The spherical was led by BRM Group with participation from OurCrowd, Lukasz Gadowski, Founder and Chairman at Supply Hero, and consists of current buyers Benhamou International Ventures (BGV)btov, and BackBone VenturesFlytrex will use the funds to ramp up growth all through the US and advance partnerships with main retailers and quick-service eating places (QSRs), paving the runway for a future the place drone supply is the rule relatively than the exception.

Flytrex’s funding spherical comes within the wake of a number of key launches and expansions. Most lately, Flytrex launched its third drone supply station in North Carolina, delivering meals orders from eating places and chains on the Holly Springs Towne Middle to residents’ backyards – together with from It’s Simply Wings®, Brinker Worldwide’s digital model obtainable from Chili’s® Grill & Bar and Maggiano’s Little Italy®. Flytrex has been working within the ‘First in Flight’ state since September 2020, starting in Fayetteville, NC – delivering groceries and home goods in addition to restaurant orders to pick out clients – and has since expanded its service to the city of Raeford, NC. Since February 2021, the quantity of Flytrex orders throughout its North Carolina operations has elevated greater than tenfold, with hundreds of deliveries to this point.

“On-demand drone supply has skyrocketed for the reason that pandemic started and is turning into far more mainstream, a lot sooner than anticipated,” mentioned Yariv Bash, CEO and Co-Founder of Flytrex. “We’re excited to proceed working with the FAA, the North Carolina Division of Transportation and others to convey swift, reasonably priced and sustainable on-demand drone supply to extra companions, communities and shoppers throughout the nation.”

Since efficiently launching the world’s first absolutely autonomous city drone supply system in Reykjavik, Iceland in 2017, Flytrex has been serving to drive regulatory advances aimed toward getting drone supply off the bottom. Flytrex participated within the Federal Aviation Administration’s UAS Integration Pilot Program (IPP) which concluded in October 2020, and continued within the FAA’s subsequent initiative, BEYOND, to work with the North Carolina Division of Transportation to assist sort out the remaining challenges of UAS integration.

“We’re dedicated to supporting firms which have the potential to vary folks’s lives for the higher, and Flytrex’s impression on retailers and shoppers alike matches that mission completely,” mentioned Eran Barkat, Associate at BRM Group. “Drones are taking part in a key position in revolutionizing final mile supply for communities all over the world, and we’re thrilled to help the Flytrex workforce as they take the way forward for meals and family supply to new heights.”

About Flytrex

Flytrex is the main business-to-consumer autonomous supply service that lets retailers and quick-service eating places (QSRs) higher serve clients in suburban areas by providing unmatched supply prices, ultra-fast supply and higher attain than ever earlier than. Using its commercial-aviation grade drones and cloud programs, Flytrex’s service is protected, swift and sustainable. Flytrex, a participant within the FAA’s UAS Integration Pilot Program (IPP) and its successor, the BEYOND program, is ushering in a brand new period of on-demand supply.

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