Long-range delivery drone maker Volansi raises $50M – ClearTips
Robotics has generally seen an increase in interest during the epidemic, so it makes perfect sense that investors are taking a closer look at autonomous drone delivery. This is good news for Wolsey, who just announced a $ 50 million Series B.
The round, led by Icon Ventures, brings the total funding of Bay Area-based startups to about $ 75 million. Also existing investors are Lightspeed Venture Partners and Wycombinator, as well as new names, Harpoon Ventures and Merck Global Health Innovation Fund.
Volansi (nee Volans-i) has been showcasing its drone’s long-range capabilities for quite some time. We wrote about him back in 2017, when he showed a 100-mile flight – an impressive feat that led to the restrictions of most traditional drones. These days the company’s primary drones are the Volc 10, which can go up to 50 miles and the M20 at 50 pounds, which the company claims has a range of 350 miles, with speeds up to 75 MPH.
An important application here is the distribution of medical supplies. Drones are capable of crossing mid-mile drones that may be difficult or impossible to travel through more conventional ground methods. Current customers include both enterprise and government departments. This new round of funding will go towards increasing headcount, starting new projects, and advancing existing initiatives in the US and emerging markets.