Drones
Matternet became a public company through a $33 million reverse merger, a deal where it took over an already-listed company, and began trading on the OTCQB market.
A dated step forward on the record
What the source says
“Matternet went public in June through a $33 million reverse merger and began trading on the OTCQB”
What it means
Matternet M2, from Matternet, is at stage 4 of 5 on our ladder: paying customers. Its stage is set by other milestones on its record; this one adds to the history.
Human help: The maker hasn't said whether people help it remotely.
More on Matternet M2
- Matternet said its M2 drones had begun routine flights carrying children's lab samples from Great Ormond Street Hospital to The Doctors Laboratory in London, for the drone network Apian.
- Matternet presented a new drone, the M3, with paid service aimed for the second half of 2027. The M3 does not yet have an FAA type certificate, the FAA's sign-off on an aircraft design.
- Matternet prepared a home drone delivery trial in Mountain View, California, for food, medicine and small parcels, flying within 1.5 miles of its hub.