Boeing has announced its investment in Matternet, a California-based startup pioneering safe, on-demand unmanned aerial vehicle (UAV) delivery operations in urban environments.
Matternet’s logistics platform – combined with Boeing’s expertise in complex logistics, integration and manufacturing capabilities – will further enable reliable, efficient cargo air transportation.
“Matternet’s technology and proven track record make the development of a safe, global autonomous air mobility system a near-term reality,” said Brian Schettler, managing director of Boeing HorizonX Ventures. “Our investment will allow Matternet to scale its operations while strengthening Boeing’s position as a leader in next-generation transportation solutions.”
In May 2018, Matternet was selected to participate in a joint US Department of Transportation and Federal Aviation Administration program aimed at accelerating integration of unmanned aircraft into national airspace. As part of the program, Matternet will work with hospitals, universities and transportation agencies in California and North Carolina to facilitate on-demand delivery of medical supplies and samples.
Today, Matternet joined an initiative to shape the future of mobility as part of the World Economic Forum. The company will participate in the Drone Innovators Network to accelerate a safe, sustainable, global mobility system focused on improving people’s lives.
“We are excited to partner with Boeing, the pioneers of safe commercial aviation, to make this new mode of transport mainstream,” said Matternet Founder and Chief Executive Officer Andreas Raptopoulos. “As we expand Matternet’s U.S. and global operations, we will work with Boeing to make next-generation aerial logistics networks a reality and transform our everyday lives.”
Boeing HorizonX Ventures led the $16 million, Series A investment in Matternet, with participation by Swiss Post, Sony Innovation Fund and Levitate Capital.
