Israeli startup Flytrex raises $ 40 million for delivery drones

Israeli startup Flytrex, specializing in delivery drones, is raising $ 40 million. A Series C fundraiser reported on November 19, 2021 by TechCrunch, bringing the total funds raised by the startup since its inception to $ 60 million.

BRM Group is leading this fundraiser with participation from OurCrowd, Lukasz Gadowski and long-time investors Benhamou Global Ventures (BGV), btov and BackBone Ventures. Please note that Lukasz Gadowski is the President and Founder of Delivery Hero, a German company specializing in home food delivery.

A load of 3 kg

Flytrex believes that delivery drones, remotely monitored by an operator, can replace bicycle couriers in certain situations. These include deliveries to the suburbs which, to be profitable, must be priced high enough that it can put the individual off. The startup is leading a drone delivery pilot project in Fayetteville, North Carolina with Walmart. Pilot that has spread to Raeford.

The Israeli nugget drone is equipped with a delivery box in which the package to be delivered is placed. The drone can fly up to 50 km / h and carry a maximum payload of 3 kg in a distance of 5.6 km. Once at the destination, the box containing the package is deposited using a long cable.

Beyond the drone itself, other technological components are essential. For example, Flytrex is building a large database, TechCrunch reports. Gardens in different neighborhoods are mapped so the drone knows where to fly and drop the pack safely. Flytrex has thus collected data on more than 80 million gardens. Finally, the start-up is also developing its own fleet management software that allows it to know exactly where each drone is and control them.

Waiting for clearances from the FAA

Flytrex wishes to continue with the development of its drone and its software pending authorization from the Federal Aviation Administration (FAA) to carry out drone flights over homes, and for a single operator to control several drones. Authorizations that will allow you to expand your operations in the United States. “We produce commercial aircraft, not drones,” co-founder and CEO Yariv Bash told TechCrunch, who said it took 3-5 years to get the necessary approvals.

The Israeli start-up is far from the only one that wants to impose its drone for home delivery. Wing, the Alphabet subsidiary, recently introduced a base of ready-to-use delivery drones and has already obtained clearance from the FAA for commercial deliveries. Authorization also obtained by the courier company UPS, as well as by the Amazon Prime Air division of the American e-commerce giant. An Amazon division that has suffered many layoffs and whose drone delivery project appears to be in the limelight.

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