Boeing HorizonX Ventures invests in Matternet to enhance cargo air transportation

Boeing [NYSE: BA] has announced its investment in California-based startup Matternet, pioneering safe, on-demand unmanned aerial vehicle (UAV) delivery operations in urban environments, the company said.

Matternet´s advanced logistics platform — combined with Boeing´s expertise in complex logistics, integration and manufacturing capabilities — will further enable reliable, efficient cargo air transportation.

Matternet became the world´s first company to receive authorization to launch UAV operations over densely populated areas in Switzerland in 2017. Leveraging its Matternet Station, M2 drone and Cloud platform, the company has achieved safe flights over densely populated areas and partnered with Swiss Post for on-demand deliveries of medical samples to hospitals in Switzerland.

Boeing HorizonX Ventures led the $16 million, Series A investment in Matternet, with participation by Swiss Post, Sony Innovation Fund and Levitate Capital.

The Boeing HorizonX Ventures investment portfolio is made up of companies specializing in technologies for aerospace and manufacturing innovations, including autonomous systems, energy and data storage, advanced materials, augmented reality systems and software, machine learning, hybrid-electric and hypersonic propulsion, and Internet of Things connectivity.

Boeing is the world´s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in more than 150 countries.