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Deep Tech

Sidewalk Delivery Pioneer Starship Technologies Raises $90M, Touts Profitability

Aileen Lor
Last updated: February 13, 2024 3:13 am
Aileen Lor
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2 Min Read
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  • Sidewalk delivery robot pioneer Starship Technologies raised $90 million.
  • It plans US and European expansion to meet demand.
  • Starship eyes growth in partnerships with Bolt, Co-Op, and Grubhub.

Contents
Ready to expand markets in the U.S. and EuropeMajor partnershipsGained municipalities approval

Starship Technologies, one of the earliest movers in autonomous sidewalk delivery robots, has raised $90 million in fresh funding as it passes key milestones like 6 million deliveries completed and first-time profitability.

Ready to expand markets in the U.S. and Europe

The Estonia-based startup plans to use the capital injection to meet growing demand, including expanding its geographic footprint beyond existing markets in the U.S. and Europe.

Despite high-profile failures and restructurings amongst robot delivery competitors, Starship has seen its wheeled robots collectively log over 11 million miles on neighborhood sidewalks and university campuses over the past decade.

Major partnerships

Major partners today include transportation giant Bolt, grocery chain Co-Op, and food service providers Aramark and Grubhub.

Starship says its robots operate highly autonomously while maintaining local community support, with residents often endeared by the novel technology.

Gained municipalities approval

As alternatives to polluting vehicles, energy-efficient delivery bots have been embraced by municipalities seeking innovative mobility solutions.

The company also plans manufacturing enhancements allowing accelerated production.

Starship’s renewed focus on European opportunities under recently reinstated founding CEO Ahti Heinla follows a profitable 2022, substantiating the niche business model.

TAGGED:div5

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