VOLY C10 long-range drone. Photo credit: Volansi

Volansi, a California-based startup that develops long-range automated delivery drones, has announced that it’s raised $50 million in a Series B round led by venture capital firm Icon Ventures, with participation from existing investors Lightspeed Venture Partners and Y Combinator along with new investors Harpoon Ventures and the Merck Global Health Innovation Fund. The new funding adds up the total amount that Volansi has raised since its founding in 2015 to $75 million. Under the terms of the funding, Volansi is adding Icon Ventures managing partner Joe Horowitz and Lightspeed founding partner Barry Eggers to its board. The company says it’ll use the new funding to expand its team and launch new projects.

Volansi has come up with two custom long-range delivery drones that it uses to run deliveries for private enterprises as well as governmental organizations like the U.S. Department of Defense. The company’s most powerful drone is the VOLY M20, a dual-role aircraft that’s capable of carrying up to 20 pounds of cargo in addition to 10 pounds of sensor payloads. The other is the VOLY C10, which is capable of ferrying up to 10 pounds of cargo over 50 miles. Volansi has performed drone delivery operations across Africa, the Caribbean, and the US. 

Volansi was launched in 2015 by co-founders Hannan Parvizian and Wesley Zheng, two former Tesla engineers who envisioned Volansi as a response to inventory and supply chain problems that were experienced when they worked at the electric carmaker. 

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