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<p class="_5DmDBa_text _5DmDBa_text--size-md _5DmDBa_text--weight-400"><strong>SOUTH SAN FRANCISCO</strong> — Zipline has raised $1.5 billion at a $21.5 billion post-money valuation, led by Paradigm, WCM Investment Management, and Layer Global with participation from Valor Equity Partners, Fidelity Management &; Research Company, Uber, Tiger Global, J.P. Morgan, ARK Invest, and Salesforce Ventures.</p>
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<p class="_5DmDBa_text _5DmDBa_text--size-md _5DmDBa_text--weight-400">Zipline plans to use the capital to expand its U.S. manufacturing facilities and ramp hiring as it builds a nationwide drone delivery network. Demand for delivery has never been higher, but ground delivery is constrained by traffic, aging infrastructure, and rising costs. Roads can’t keep up. The future of delivery is in the sky.</p>
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<p class="_5DmDBa_text _5DmDBa_text--size-md _5DmDBa_text--weight-400">Walmart and Zipline are now working together to launch 300 additional sites as part of a new national multi-year agreement with potential to grow further. Uber is targeting one million deliveries a day with Zipline by 2029. Enterprise leaders and small businesses alike are investing in drone delivery to unlock growth.</p>
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<p class="_5DmDBa_text _5DmDBa_text--size-md _5DmDBa_text--weight-400">Hundreds of businesses are now growing their revenue through Zipline orders according to the company. Dozens of new businesses are joining Zipline’s network weekly. Existing partners are expanding their relationships with Zipline to include hundreds or thousands of new locations.</p>
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<p class="_5DmDBa_text _5DmDBa_text--size-md _5DmDBa_text--weight-400">A cohort of Zipline&#8217;s longest-tenured restaurants shared their results to date: between March and October, Zipline’s share of their delivery revenue grew from 10.8% to 34.9%. Zipline orders were incremental and did not reduce demand from other platforms. The restaurants saw a 26% increase in delivery GMV, with 80% of the increase coming from Zipline orders.</p>
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<p class="_5DmDBa_text _5DmDBa_text--size-md _5DmDBa_text--weight-400">Drone delivery is now a routine convenience in Zipline’s metros, with more than one million deliveries made within the Dallas-Ft. Worth metroplex alone this year. Customers choose Zipline because it&#8217;s fast, convenient, and quiet. In October, the median Zipline order was delivered 19 minutes after checkout, compared to 30+ minutes for traditional delivery. Restaurants with quick prep times are even faster: the median bakery order arrived 10 minutes after checkout.</p>
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<p class="_5DmDBa_text _5DmDBa_text--size-md _5DmDBa_text--weight-400">By using the sky for automated deliveries, Zipline expands the number of customers businesses can reach. Today, only 5% of U.S. restaurant orders are for delivery. In practice, those orders are constrained to customers within a couple miles of the store, as cost and travel times become less attractive for longer ranges. Zipline delivers without causing traffic, helping businesses serve customers. Companies like Wonder are seizing this opportunity by building new storefronts and kitchens that are optimized specifically for Zipline.</p>
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<p class="_5DmDBa_text _5DmDBa_text--size-md _5DmDBa_text--weight-400">“Zipline is now one of the largest autonomous robotics companies in the world &#8212; operating with scale, safety, and a magical user experience for consumers and merchants,” said Matt Huang, Co-Founder and Managing Partner of Paradigm. “It&#8217;s no wonder that some of the largest merchants in the world are partnering with Zipline to use their delivery network.”</p>
<p>Zipline announced a delivery partnership with Uber Eats in August and Uber also made an investment in the company.</p>
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