“Building the first logistics system that serves all people equally.”

Zipline is building the world’s first universal logistics system, delivering healthcare, consumer goods, and food across four continents. Since 2016, it has flown 80M+ autonomous miles, serving homes, hospitals, and businesses in the U.S., Africa, and Japan. Zipline’s two platforms enable long-range and precise home deliveries, helping save lives, cut emissions, and expand economic opportunity.

Business Model

Zipline uses a subscription-based logistics strategy, charging a fixed monthly price per distribution center for unlimited drone deliveries, assuring predictable costs for clients. It began charging each flight and switched to this approach in 2020 for scalability. Its primary customers include governments, hospitals, shops (Walmart, Sweetgreen), and agricultural companies, which use drones to deliver medical supplies, food, and consumer items. Drone manufacture, maintenance, infrastructure (Zip Hubs), and regulatory compliance all come at a cost.  .

Zipline is transforming logistics with on-demand, autonomous delivery on a large scale, thanks to FAA clearances, high-volume automation, and sustainable electric drone technology.

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Possıble effects

Zipline provide environmental advantages, economic prospects, and enhanced healthcare access, but they must be carefully managed for noise, wildlife effect, and airspace rules to ensure long-term usage.

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What Comes Next?

Zipline's future goals include expanding its US operations, developing drone technology for accurate deliveries, and increasing worldwide collaborations to transform logistics and transportation services.

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Who will benefit?

Other sectors like retail, e-commerce, food delivery, and agriculture also gain efficiency, but healthcare experiences the most transformational impact, saving lives, improving accessibility, and strengthening emergency response systems.

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Zipline Growth Timeline

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Zipine and Competition

Zipline competes with a variety of companies in the drone delivery and logistics automation industry. Among its main competitors are Wing (by Alphabet/Google), Matternet, Swoop Aero, Skyports, and Flirtey, all of which specialize in autonomous drone delivery, notably for medical and commercial purposes.

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Zipline VC/Strategic Investors‍

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Seed Round

• Lerer Ventures
• SV Angel
• Felicis Ventures
• Slow Ventures
• Tuesday Capital (formerly CrunchFund)
• Sway Ventures
• AME Cloud Ventures (Jerry Yang)
• Vulcan Capital (Paul Allen)
• Stanford University's endowment fund

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Series A

• Sequoia Capital
• Google Ventures (GV)
• SV Angel
• Stanford University's endowment fund
• AME Cloud Ventures (Jerry Yang)
• Vulcan Capital (Paul Allen)

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Series B

• Visionnaire Ventures
• Sequoia Capital
• Andreessen Horowitz

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Series C

• Temasek Holdings
• Katalyst Ventures
• Baillie Gifford
• Bright Success Capital
• Goldman Sachs
• Oakhouse Partners
• Toyota Tsusho Corporation
• Design to Improve Life Fund

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Series D

• The Rise Fund (TPG)
• Temasek Holdings
• Katalyst Ventures
• Baillie Gifford
• Goldman Sachs
• Oakhouse Partners
• Toyota Tsusho Corporation
• Design to Improve Life Fund
• Bright Success Capital
• Google Ventures (GV)

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Series E

• Baillie Gifford
• Temasek Holdings
• Katalyst Ventures
• Fidelity Investments
• Intercorp
• Emerging Capital Partners
• Reinvent Capital

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Series F

• Katalyst Ventures
• Sequoia Capital
• Google Ventures (GV)
• Andreessen Horowitz

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Series G

• Undisclosed

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Prominent News

Zipline Expands Drone-Delivered Healthcare in Nigeria, February 12, 2025 - Nigeria’s Minister of Health, Prof. Muhammad Ali Pate, along with Bayelsa State Governor, Douye Diri, has inaugurated Zipline’s latest distribution center in Yenagoa. This center will enhance the availability of essential medical supplies, particularly in underserved regions. Click here to read more. ‍

Zipline Completes First Customer Delivery with Revolutionary P2 Drone System, Jan 16, 2025 - In a major achievement for autonomous delivery, Zipline has carried out its inaugural customer delivery utilizing the Platform 2 (P2) system. This landmark delivery to a Fire Department highlights the operational launch of the company's advanced automated delivery service, as stated by Zipline CEO and co-founder Keller Rinaudo Cliffton.Click here to read more.‍

Ready for Takeoff: Zipline Takes On Amazon in the Drone-Delivery Business, December 26, 2024 - The privately-owned company Zipline is swiftly advancing in a multibillion-dollar industry that aims to revolutionize the delivery of medicine, food, and other goods. Click here to read more.

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Return on Investment (ROI)

ROI computed as of February 24, 2025.

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Funding Round in USD

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Series G Valuation

<span class="date">2024-06-06</span>
<span class="value">$5.22B</span>

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Implied Valuation

<span class="date">2025-02-24</span>
<span class="value">$4B<span>

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Change Since Last Round

<span class="date">2024-06-061 → 2025-02-24</span>

<span class="value red">-23.38%</span>

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Quarterly Bid:Ask Volume Ratio

PM Insights highlights the quarterly bid:ask volume ratio where there were at least three institutionally-sized broker contributions within that period.

Since the start of 2021, all quarterly volumes for Zipline have been dominated by ask volume, with bid volume remaining below 10%, except in 2023 Q1, when it briefly peaked at 18%. 2025 QTD marks the highest total volume at 102.2M, with bid volume at 5%. With one month remaining, 2025 Q1 is expected to surpass this figure.

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90-day Activity

Activity on each date comprises the total unique broker contributions (bids, asks, and trades) within a 90-day rolling window ending on that date.

The plot below displays 90-day activity over the last 365 days from February 24, 2025. Zipline's activity began increasing in beginning February 2025 and peaked at 12 contributions as of February 24, 2025.

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