Boeing HorizonX Ventures makes new investment

A new investment has been made by Boeing, as they announced their investment in Matternet, a Menlo Park, Calif.-based startup pioneering safe, on-demand unmanned aerial vehicle (UAV) delivery operations in urban environments. With the aid of Boeing's expertise in complex logistics, integration and manufacturing capabilities, and Matternet's advanced logistics platform. This collaboration hopes to bring a efficient cargo air transportation.


Boeing


Today, Matternet joined an initiative to shape the future of mobility as part of the World Economic Forum. The company will participate in the Drone Innovators Network to accelerate a safe, sustainable, global mobility system focused on improving people’s lives.

“We are excited to partner with Boeing, the pioneers of safe commercial aviation, to make this new mode of transport mainstream,” said Matternet Founder and Chief Executive Officer Andreas Raptopoulos. “As we expand Matternet’s U.S. and global operations, we will work with Boeing to make next-generation aerial logistics networks a reality and transform our everyday lives.”

Boeing HorizonX Ventures led the $16 million, Series A investment in Matternet, with participation by Swiss Post, Sony Innovation Fund and Levitate Capital.

The Boeing HorizonX Ventures investment portfolio is made up of companies specializing in technologies for aerospace and manufacturing innovations, including autonomous systems, energy and data storage, advanced materials, augmented reality systems and software, machine learning, hybrid-electric and hypersonic propulsion, and Internet of Things connectivity.

Boeing is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries.