Giant retailer Walmart Inc. is investing in DroneUp to expand on drone service deliveries, the company announced in a statement.
- Walmart U.S. Chief Executive John Furner said the investment will focus on developing a scalable last-mile delivery solution which will cut short delivery time to minutes from hours through traditional shipment services.
- The first operation will be at a store in Bentonville, Arkansas. Walmart did not provide a specific timeline, but said it will be in the coming months.
- Walmart has stocked 4,700 stores with over 100,000 of the most-purchased items in anticipation of the service. The stores are located within 10 miles of 90% of the American population.
- DroneUp has over 10,000 Federal Aviation Administration (FAA) certified pilots in its drone delivery network, and serves as a government drone service provider in 11 states.
The partnership started in 2020 particularly for deliveries of COVID-19 self-collection kits. WMT is down 1.83%