:

Air Force

Volansi Secures $50 Million Series B for Autonomous VTOL Cargo Delivery

By Brian Garrett-Glaser

Tuesday, September 15th, 2020

SHARE:

Volansi Secures $50 Million Series B for Autonomous VTOL Cargo Delivery

Volansi cloesd a $50 millions Series B to fund continued development and operational expansion of its VTOL cargo delivery drones. (Volansi)

Volansi completed a $50 million Series B financing round led by Icon Ventures to continue development of its autonomous vertical takeoff and landing cargo drones. Other participants in the round include Lightspeed Venture Partners, YCombinator, Harpoon Ventures OnePlanet, Graphene Ventures and Merck Global Health Innovation Fund. Volansi’s portfolio of drones, focused on autonomous middle-mile delivery, span payloads of 10 to 50 lbs, with its signature VOLY C10 carrying 10 lbs over 50 miles. That drone was recently chosen by the…

Budget

House Appropriators Add Restrictions And Reporting Requirement To Battleship, Reject Cut

The chairman’s mark of the House Appropriations Committee’s (HAC) fiscal year 2027 defense appropriations bill funds the administration’s $1 billion request for the BBG(X) Trump-class battleship, but adds restrictions requiring […]

Congress

House Appropriators Concerned With ‘Risky’ Reconciliation Approach To Fund Munitions, F-35 Plans

The House Appropriations Committee has raised concern with the Trump administration’s “risky” approach to seeking significant fiscal year 2027 funding for key priorities such as critical munitions and F-35 procurement […]

Budget

Lawmakers Push Shipbuilding Accountability And Submarine Reports In House Appropriations Bill

The House Appropriations Committee’s mark of the FY ‘27 defense spending bill includes shipbuilding accountability provisions given increasing cost-to-complete requests and perennially delayed shipbuilding programs. The bill report said that […]

Congress

Six F-35Bs Delivered Without Radars Thus Far, Program Director Says

The U.S. Marine Corps thus far has received six F-35B fighters without radars, as the service waits on Northrop Grumman‘s [NOC] delivery of the AN/APG-85 radar, which is to replace […]