Flytrex Revenue and Competitors

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Tel Aviv, Israel

Location

N/A

Total Funding

Aviation

Industry

Estimated Revenue & Valuation

  • Flytrex's estimated annual revenue is currently $22.9M per year.(i)
  • Flytrex's estimated revenue per employee is $246,000

Employee Data

  • Flytrex has 93 Employees.(i)
  • Flytrex grew their employee count by 58% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$59.5M22057%N/AN/A
#2
$25.3M10343%N/AN/A
#3
$22.9M9358%N/AN/A
#4
$2.7M18125%N/AN/A
#5
$21.2M8630%N/AN/A
#6
$2.7M18N/AN/AN/A

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.

keywords:N/A

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Total Funding

93

Number of Employees

$22.9M

Revenue (est)

58%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Flytrex News

2022-04-13 - Brinker Partners With Flytrex and Serve Robotics on Drone ...

Israeli drone delivery provider Flytrex is working with Brinker to deliver orders from its restaurants in the suburban Dallas market with a flight time of five...

2022-03-30 - Flytrex and Brinker International bring drone delivery ...

Meals are delivered to front and backyards. The expansion into Texas follows Flytrex's domestic debut in North Carolina in September 2020. Since...

2022-03-22 - Flytrex expands drone delivery into Texas

Founded in 2013, Flytrex piloted its first drone deliveries in Reykjavik, Iceland back in 2017. Last November, it raised $40 million, bringing...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$13.6M9442%N/A
#2
$13.2M9468%N/A
#3
$20M9542%N/A
#4
$19.6M96146%N/A
#5
$19.6M96104%$32M