Walmart Invests In Nationwide On-Demand Drone Delivery Provider DroneUp
- Walmart Inc (NYSE: WMT) has announced its investment in DroneUp, a nationwide drone services provider, to develop a scalable last-mile delivery solution.
- The financial terms of the deal were not disclosed.
- Walmart has already partnered with DroneUp to launch trial deliveries of at-home COVID-19 self-collection kits.
- DroneUp operates an on-demand drone delivery network that matches their database of more than 10,000 Federal Aviation Administration (FAA) certified pilots to missions nationwide.
- DroneUp operates commercially throughout the U.S. and is an authorized government drone services provider for 11 U.S. states serving public sector organizations.
- Walmart’s 4,700 stores stocked with more than 100,000 of the most purchased items, located within 10 miles of 90% of the U.S. population, will help execute drone deliveries.
- The first drone delivery operation will be at a store in Bentonville, Arkansas.
- Walmart held cash and equivalents of $22.9 billion as of April 30, 2021.
- Price action: WMT shares are trading higher by 0.46% at $137.78 on the last check Thursday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted-In: Briefs Drone DeliveriesM&A News Best of Benzinga
