Flytrex

Israel - Tel Aviv,

• 19/11/2021
• Series C
• $40,000,000

In a nutshell, Flytrex is building the world's first drone based delivery service - cutting delivery costs and times by an order of magnitude in an (almost) infinite market.

Flytrex Aviation Ltd was established in Israel in late 2013.

In August 2017 Flytrex launched the world’s first fully operational, regulatory approved, on-demand drone delivery service in Reykjavik, Iceland, and became the leading competitor in the race to deploy a true on-demand delivery service via autonomous vehicles. The Flytrex system was approved by ICETRA (Iceland’s Civil Aviation Authority) and insured, and set precedent after being granted approval to operate BVLOS (Beyond Visual Line of Sight) and above populated regions, in a first world country. Flytrex was also selected to participate in the FAA’S Drone Pilot Program, partnering with North Carolina’s Department of Transportation and taking on the challenge to establish the first drone based delivery service in the United States.

While the majority of packages that require transit across cities are no heavier than 2lbs, Flytrex drones are able to carry up to 6.5lbs and travel a distance of approximately 6 aerial miles. The drones require minimal handling thus reducing manpower, and ensuring a quick delivery every single time.

Related People

Yariv BashCo Founder

Israel - ND

Yariv Bash is the CEO and co-founder of on-demand drone delivery company Flytrex, helping spearhead the drone delivery revolution. Flytrex provides a direct-to-consumer autonomous drone delivery service that lets retailers and quick-service restaurants (QSRs) cater to a wider customer base with faster, safer and more economical on-demand deliveries than ever before.
Flytrex is currently working with national restaurant chain El Pollo Loco and retail giant Walmart to deliver food and goods to customers’ front and backyards.
Prior to Flytrex, Yariv was Founder and CEO of SpaceIL, a $100M Israeli non-profit organization that launched Beresheet, the first private interplanetary robotic mission to the Moon.
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LinkedIn https://www.linkedin.com/in/yarivbash/