Compared to Flytrex’s company vision of how things should be done, the current delivery business in the US is inefficient. Workers drive around in cars and trucks that are not environmentally efficient, have to make several stops before their final destination, and can generally take quite a while to reach the end-user.
But, if the Flytrex drone startup business vision works out, it won’t be like that for much longer. The startup company wants to roll out a fleet of drones that can drop off goods at the houses of the people that order them in a timely fashion, not having to worry about traffic or heavy emissions.
It’s the way of the future, the Chief Executive Officer and co-founder of the drone startup company, Yariv Bash, told FreightWaves.
“Our mission is to make widespread on-demand drone delivery the rule rather than the exception – and this funding is a vote of confidence from our investors that we are indeed on the way to making this a reality.”
The Startup Funding
This new round of funding, which brings the total fundraising of the company to some $20 million, will help bring this mission to the US, a market that has long had its eyes set on drone delivery but whose vision has never been fully realized.
There’s one substantial roadblock in the way of the drone startup company — that of the Federal Aviation Administration, a US regulatory agency whose mission is to oversee which aircraft are suitable for flight.
“Flytrex has been participating in the Federal Aviation Administration’s UAS Integration Pilot Program (IPP) since 2018 and was most recently selected for the FAA’s subsequent initiative, BEYOND, to work with the Kansas Department of Transportation as well as the North Carolina Department of Transportation and the North Dakota Department of Transportation to help tackle the remaining challenges of UAS [unmanned aircraft systems] integration,” he said.
It’s a lot of work for the company, but Flytrex has a lot to gain as a part of a very valuable business if it’s able to pull it off.
The global drone services market is expected to grow to more than $63 billion by 2025, and drone shipments are expected to reach 29 million inside of this year.
What’s Next for Business at Flytrex?
So what’s next for Flytrex? In an interview with Modern Shipper, Bash said that changing perceptions was important for a drone startup business like his.
He said that ten years ago, if you had asked the average person to talk about what a drone was, they’d have thought of war. Now, the perception of drones is changing, and Bash wants his startup business to be at the forefront of consumer deliveries.
“This was purpose-built for these types of applications,” he said.
About the Author
Elijah Labby is a graduate of the National Journalism Center. He has previously written for Broadband Breakfast, a technology and internet policy website.