Manna Air Delivery raises 50 million USD Series B to scale autonomous aerial delivery across the United States and Europe
Startup.eu Editorial
Dublin-based autonomous aerial delivery company Manna Air Delivery has secured 50 million USD in Series B funding. This investment brings the company's total funding to 110 million USD. The round saw participation from a group of new and existing investors, including ARK Invest, Ireland Strategic Investment Fund, Schooner Capital, Coca-Cola HBC, Molten Ventures, and Enterprise Ireland.
Manna Air Delivery specializes in residential last-mile delivery using proprietary drone technology. Currently operating in Ireland, Finland, and Texas, the company intends to use the capital to scale its aerial delivery network. The expansion plan includes establishing 40 new operational bases across the United States and Europe.
In addition to infrastructure growth, the company plans to utilize the funds to support its workforce development. Manna Air Delivery aims to hire 400 new employees, focusing on roles within robotics, software and mechanical engineering, aviation operations, and regulatory functions. The company continues to develop its full technology stack at its headquarters in Dublin.
About Manna Air Delivery
Manna Air Delivery is an autonomous aerial delivery company that provides residential last-mile delivery using drones, operating across Ireland, Finland, and Texas and building its full technology stack in Dublin.
What type of funding round did Manna Air Delivery raise?
Manna Air Delivery raised a series-b round.
How much did Manna Air Delivery raise in its series-b?
Manna Air Delivery raised $50,000,000 USD in its series-b.
Who invested in Manna Air Delivery's series-b?
The investors in Manna Air Delivery's series-b are: ARK Invest, Ireland Strategic Investment Fund, Schooner Capital, Coca-Cola HBC, Molten Ventures, Enterprise Ireland.
What type of investment was Manna Air Delivery's series-b?
Manna Air Delivery's series-b was a equity investment.
How will Manna Air Delivery use the funds from its series-b?
Manna Air Delivery plans to use the funds for: Scale autonomous aerial delivery across the United States and Europe, Expand to 40 operational bases across the United States and Europe, Hire 400 new employees across robotics, software engineering, mechanical engineering, aviation operations, and regulatory functions.