Zipline hits $21.5B valuation as Walmart expands bet on drone delivery

Zipline has raised $1.5 billion and ramped up its partnership with Walmart, a pair of deals that have raised the autonomous drone delivery and logistics startup’s profile and valuation.

Zipline and Walmart reached a new multi-year agreement to add 300 drone delivery sites across the United States. The two companies have had a drone delivery agreement since 2021, but this deal is a significant jump from the 21 active…