After raising $40 million, on-demand drone delivery company Flytrex said it will use the funds to ramp up expansion throughout the U.S. and advance partnerships with leading retailers and quick-service restaurants.
Flytrex’s latest funding round comes in the wake of several key launches and expansions.
Since successfully launching the first fully autonomous urban drone delivery system in Reykjavik, Iceland in 2017, Flytrex has been helping drive regulatory advances aimed at getting drone delivery off the ground. Flytrex participated in the Federal Aviation Administration’s UAS Integration Pilot Program (IPP)which concluded in October 2020, and continued in the FAA’s subsequent initiative, BEYOND, to work with the North Carolina Department of Transportation to help tackle the remaining challenges of UAS integration. In California, El Pollo Loco teamed up with Flytrex to pilot drone delivery.
“We are committed to supporting companies that have the potential to change people’s lives for the better, and Flytrex’s impact on retailers and consumers alike fits that mission perfectly,” said Eran Barkat, Partner at BRM Group. “Drones are playing a key role in revolutionizing last mile delivery for communities around the world, and we are thrilled to support the Flytrex team as they take the future of food and household delivery to new heights.”