Zipline Extends Series H to $800 Million to Accelerate U.S. and Rwanda Expansion

New updates have been reported about Zipline.

Zipline has expanded its Series H financing to $800 million after securing an additional $200 million, maintaining a $7.6 billion valuation and strengthening its balance sheet for rapid scale-up of autonomous drone delivery. The round, which now includes new participation from Paradigm alongside existing institutional investors such as Fidelity, Baillie Gifford, Valor Equity Partners, and Tiger Global, is intended to fund accelerated market entry in at least four U.S. states this year.

CEO Keller Cliffton said demand in the company’s U.S. home delivery service, launched last year, is running ahead of plan, with January and February volume growth surpassing internal forecasts and average basket size rising more than 20% in the past three weeks. Zipline plans to double the number of brands on its app within 30 days and roll out its short-range Platform 2 drones, which serve customers within a 10-mile radius, in new markets including Houston, Phoenix, and Seattle, while continuing to deploy its longer-range Platform 1 for enterprise and government use. Internationally, Zipline has signed a new nationwide contract in Rwanda to introduce Platform 2 in major cities and is opening a third distribution center to reach every hospital and health facility in the country, reinforcing its position in medical and commercial logistics across Africa, the United States, and Japan.