Manna Aero to raise $25 million in a round led by Draper Esprit.
Manna Aero, a Dublin, Ireland-based drone delivery as a service operator, announced the completion of a $25 million capaital funding round.
The money was raised from investors led by London-based VC Draper Esprit, joined by Team Europe, DST Global, and with participation from existing investors Dynamo Ventures, Atlantic Bridge, and Elkstone.
Mana Aero, founded in 2018 by CEO Bobby Healy, designs, builds and operates unmanned aerial vehicles (UAVs) which perform high-speed deliveries of cargo up to 3kgs (6.5lbs) in suburban last-mile settings. The drones are operated by Manna directly from the restaurant or dark kitchen premises and is accessible via API to food tech providers and online food platforms alike in a channel-agnostic manner.
The company says that a single Mana employee operating multiple drones is able to operate nearly 20 deliveries per hour - 10 times what can be done with traditional road-based delivery. The service is quieter, greener, faster, respects privacy and is safer than road-based alternatives.
Mana Aero is currently trialling its service in Galway, Ireland, representing the largest drone delivery trial of its kind globally. The operation supports over 100 deliveries a day directly to the homes of the nearly 10,000 residents of the town, and has been a huge success with more than 30% of the population already using the high-speed service.
Manna has also signed B2B partnerships with major brands and retailers, including JustEat, Samsung, Ben & Jerry’s and Tesco plc - one of the largest grocery retailers in Europe - making 3-minute delivery time to catchment areas as large as 50 square kilometers a reality.