Robot delivery company Starship raises $100m

Starship Technologies, the developer of autonomous delivery robots, has raised $100 million in the past month.

The San Francisco-headquartered company revealed it has now reached three million commercial autonomous deliveries - with the number of deliveries growing by over 60,000 per week.

According to the business, overall deliveries tripled last year.

The robot delivery market is expected to reach $55 billion by 2026, according to figures from Fact & Factors.

The company, which has a food delivery app where users can track the journey of its delivery robots via an interactive map, said that $42 million of the investment was sourced from a Series B funding round led by NordicNinja and Taavet+Sten.

Starling said the $100m investment - which includes a recently announced $57 million investment from the European Investment Bank - doubles the company's funding and bringing total funding to $202 million.

It says the money will be spent on scaling its service and launching in new cities in North America and Europe. This will include university campuses in the US.

“The autonomous delivery market has been gaining momentum the past couple of years and we think it will really take off this year,” said Alastair Westgarth, chief executive of Starship Technologies. “The demand for Starship’s services continues to rapidly increase and we are regularly contacted by more college campuses and cities that want our services, often because they hear about the great results that Starship is already delivering.

"I’m impressed with every member of our team who believes in what we are doing and has helped us hit yet another milestone of three million commercial deliveries. I also appreciate the investors who trust our vision and who are helping us get to the next phase of our journey."

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