# Volansi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/volansi

- Industry: Hardware
- Headquarters: San Francisco, US
- Website: www.volansi.com
- Total disclosed funding: $70M
- Latest round: Series B (Aug 31, 2020)
- Investors on record: 7

## About

Volansi, Inc. is a logistics company specializing in drone delivery solutions that efficiently transport essential goods across various sectors, including healthcare and emergency response.Volansi, Inc. was founded in 2015 and is headquartered in San Francisco, US. The company develops autonomous drones for cargo delivery, addressing logistical challenges in regions where traditional methods fall short. Hannan P serves as the CEO, leading the company through various funding rounds, including the latest Series B round in September 2022, where they raised USD 49.45 mn from investors such as Icon Ventures and Y Combinator. The total amount raised by Volansi to date is USD 49.45 mn, with a current company valuation of USD 225.35 mn.Volansi specializes in drone delivery solutions, focusing primarily on the rapid and efficient transportation of essential goods across various sectors. Their flagship products include autonomous drones designed for cargo delivery, particularly in areas where traditional logistics may be hindered by infrastructure challenges. The drones are capable of transporting medical supplies, industrial parts, and emergency aid, thereby addressing critical use cases in healthcare, e-commerce, and disaster relief. Volansi's technology has been implemented in various geographical markets, including regions in North America and parts of Africa, where logistical challenges are pronounced and drone technology can significantly enhance delivery speed and reliability. The company serves a diverse client base that includes healthcare organizations, governmental agencies, and logistics companies, all seeking to optimize their delivery operations through innovative drone solutions.Volansi generates revenue through a combination of direct sales and strategic partnerships, focusing primarily on business-to-business (B2B) transactions. The company collaborates with clients to provide tailored drone delivery solutions, which may include subscription-based models for ongoing service and maintenance. Revenue is derived from contract agreements that encompass both the provision of drone technology and the associated logistics services, ensuring seamless integration into clients' operations. Specific pricing structures are determined based on the scope and scale of each engagement, with considerations given to the volume of deliveries and the specific requirements of the client. Volansi's revenue model reflects its commitment to facilitating efficient drone logistics while meeting the evolving needs of its customers across multiple industries.In September 2022, Sierra Nevada Corporation acquired Volansi, Inc. for an undisclosed amount. With this acquisition, Volansi will operate under a new name within Sierra Nevada Corporation, but will not be a subsidiary. The recent funding will support the development of new products, enhancing their drone technology and expanding its operational capabilities. Volansi plans to expand its market presence into additional regions in North America and explore opportunities in Europe by the end of 2023, focusing on sectors that can benefit from drone delivery solutions.

## Funding rounds

- Series B, Aug 31, 2020, $49M — Lightspeed Venture Partners, Icon Ventures, Merck Global Health Innovation Fund, Y Combinator, Graphene Ventures, One Planet Ops, Harpoon Ventures
- Series A, May 13, 2019, $20M — Lightspeed Venture Partners, Y Combinator
- Seed, Mar 20, 2017, $0.1M — Lightspeed Venture Partners

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A, Series B
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A, Series B
- Icon Ventures (https://capitalatlas.ai/funds/icon-ventures) — Series B
- Merck Global Health Innovation Fund (https://capitalatlas.ai/funds/merck-global-health-innovation-fund) — Series B
- Graphene Ventures (https://capitalatlas.ai/funds/graphene-ventures) — Series B
- One Planet Ops — Series B
- Harpoon Ventures (https://capitalatlas.ai/funds/harpoon-ventures) — Series B