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Air Force

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

By Brian Garrett-Glaser

Tuesday, September 15th, 2020

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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…

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