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Zipline Raises $600 Million at $7.6 Billion Valuation, Sets Launch in Houston and Phoenix

Major investor backing signals confidence in a broader U.S. rollout.

Overview

  • The funding round included Fidelity Management & Research Company, Baillie Gifford, Valor Equity Partners and Tiger Global, according to the company.
  • Zipline reports more than 2 million commercial deliveries of over 20 million items and 125 million autonomous miles flown.
  • U.S. deliveries have grown about 15% week over week in recent months, and the firm says it plans to expand to at least four states in 2026.
  • Service is slated to begin in Houston and Phoenix early this year, building on DallasFort Worth operations with Walmart and restaurant partners using P2 drones that carry up to 8 pounds within roughly a 10-mile radius.
  • FAA approvals and proposed BVLOS rules are lowering barriers to scale as Zipline vies with Alphabet’s Wing, Amazon Prime Air, DroneUp and Flytrex in the maturing drone delivery market.