Will Starship's Fresh €50M Rocket it Ahead of Other Robot Delivery Players?
The money is a quasi-equity facility agreement with the European Investment Bank.
The company says the new money will be used for R&D and to build “thousands” more robots at Starship’s innovation facility in Tallinn, Estonia.
There are a couple of threads we can tug at as we look at the bigger picture around this news. On its face, Starship has now far outraised its nascent competition, but what it’s doing with that money is worth noting.
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