Uber Invests Millions Of Dollars In Israeli Drone Company Flytrex
The mobile app-based American logistics tech giant Uber has announced it to invest tens of millions of dollars in Israeli drone company Flytrex. Uber will use Flytrex’s drones for Uber Eats pilot markets in the US this year. This aims to expand its multimodal logistics network beyond cars, bikes, and couriers to include sidewalk robots and drones.
The partnership is Uber’s first investment in drone delivery to accelerate development and deployment. The service combines Uber’s logistics platform with Flytrex’s autonomous drone delivery system to create an integrated, end-to-end delivery network especially designed for speed, safety, and scalability.
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Tel Aviv-based company, Flytrex, is one of only four firms certified by the US Federal Aviation Administration for beyond visual line of sight operations and has conducted over 200,000 deliveries. Yariv Bash, the co-founder of Flytrex, was an IOF officer before he became a drone delivery entrepreneur.
Uber is giving drone deliveries another try after its abandoned attempt of 2019. The collaboration will allow consumers to receive deliveries in minutes while reducing congestion and emissions.
As per the executive chairman of Flytrex, Noam Bardin, “Autonomous drones are the futrure of food delivery – fast, affordable and hands free.
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This partnership reflects how US corporations continue funneling capital into Israel’s military-linked tech sector, normalizing and profiting from an occupation-driven economy.
