Reportedly, Walmart Stores, Inc. (WMT) has invested in drone delivery company, DroneUp following a pilot last year with automated deliveries of COVID-19 nasal swab test kits as the company aims for drone deliveries in large numbers.
“The trial demonstrated we could offer customers delivery in minutes versus hours. Now, after safely completing hundreds of drone deliveries from Walmart stores, we’re making an investment in DroneUp to continue our work towards developing a scalable last mile delivery solution,” informed Walmart U.S. CEO John Furner in a blog.
The DroneUp investment follows Walmart’s April investment in San Francisco-based, Cruise. Walmart has two other drone trials, one for select groceries and essential items in Fayetteville, North Carolina, in partnership with Flytrex, and another for health and wellness products with Zipline in Northwest Arkansas.
Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.
