Antwork wants to build low-altitude airspace logistics networks in urban areas
Antwork, the Chinese startup that has dealt with recent drone deliveries for Hangzhou KFC customers, aims to revolutionize the country’s takeaway food market. Ordering food online in China is easy and convenient: a click and your kitchen can arrive in 30 minutes. Now, however, the Hangzhou startup wants to improve it further by using drones instead of delivery drivers.
In fact, Antwork wants to build low-altitude airspace logistics networks in urban areas that can replace human labour and reduce costs in multi-billion dollar delivery markets in China.
Antwork uses drones and autonomous vehicles to provide food and parcel delivery services in urban areas. The company aims to create different sites within a city to collect packages from shippers or deliver them to customers.
The company has a value of RMB 300 million (about $ 42.3 million)
The company has a value of RMB 300 million (about $ 42.3 million) following the financing of the RMB Series A + of 30 million led by Panda Capital with the support of Unity Ventures, one of its first supporters.
Antwork, based in Hangzhou with offices in Beijing and Shanghai, was co-founded in 2015 by Zhao Liang and Zhang Lei, who attended the Beijing University of Aeronautics and Astronautics. 7
The cost of delivering packages through Antwork drones is 2 RMB per kilometre
Antwork is the first Chinese company to pass the specific assessment of operational risk (SORA), the Civil Aviation Administration of China’s multi-stage risk assessment process for some unmanned aircraft operations. The certification means that Antwork can deliver urban packages using drones.
The temporary approval issued by the regulators in July allows the Antwork delivery networks to operate in Hangzhou for a year. Subsequently, the company could obtain formal approvals, which would allow it to expand services to other cities.
At the moment the cost of parcel delivery through the Antwork drones logistics network is 2 RMB per kilometre. The cost could decrease with the development of technology and the expansion of its network.
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