Starship Technologies, the Estonian pioneer in autonomous delivery robots, has announced a significant funding boost of $90 million (approximately €83.7 million), co-led by Plural and Iconical.
This latest investment round elevates the total capital raised by the company to $230 million (around €214 million) since its inception in 2014, marking a major milestone in its mission to redefine street delivery services globally.
Advancing AI and Expanding Globally
The funds will be channeled towards enhancing Starship Technologies‘ AI and machine learning capabilities, as well as upgrading its wireless charging infrastructure. These advancements are key to the company’s strategy to expand its Delivery as a Service (DaaS) product to new markets worldwide, aiming to make its efficient and eco-friendly delivery solution accessible to a broader customer base.
Addressing Last-Mile Delivery Challenges
Starship Technologies is at the forefront of tackling the inefficiencies and environmental impact of last-mile and on-demand delivery services. With the demand for quick deliveries, especially in the online food delivery sector, expected to double by 2030, Starship’s innovative approach presents a sustainable and cost-effective solution. The company’s autonomous robots are designed to significantly reduce carbon emissions associated with traditional delivery methods, contributing to a greener planet.
Revolutionizing Deliveries with Autonomous Robots
Founded in 2014 by Skype co-founders Janus Friis and Ahti Heinla, Starship Technologies has been committed to revolutionizing local deliveries with its fleet of autonomous robots. Capable of operating for 18 hours on a full charge, these robots offer an energy-efficient delivery solution, having already saved nearly 1.8 million kg of carbon dioxide emissions. The robots’ ability to navigate various obstacles and terrain autonomously has made them operational in 80 locations worldwide, including the US, UK, Germany, Denmark, Estonia, and Finland.
A Future Powered by Autonomous Technology
Ahti Heinla, Co-founder and CEO of Starship Technologies, emphasized that autonomous delivery is not a distant future concept but a present reality for hundreds of thousands of people every day. With the new funding, Starship is poised for accelerated growth, aiming to become a category-dominating company that changes the daily lives of millions globally.
Plural’s Partner, Taavet Hinrikus, praised Starship for its leadership in autonomous technology and its potential for reducing the environmental impact of last-mile deliveries. This new funding round is expected to propel Starship Technologies into its next phase of growth, solidifying its position as a leader in the autonomous delivery industry and contributing to a more sustainable and efficient future.