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ECONOMY

Toyota Tsusho invests in U.S. drone startup

  • May 20, 2019
  • , Jiji Press , 10:44 p.m.
  • English Press

Nagoya, May 20 (Jiji Press) — Japanese trading company Toyota Tsusho Corp. <8015> said Monday it has invested in U.S. startup Zipline International Inc. to cooperate in the drone market.

It was the first time for the California company to accept investment from a nonfinancial business. The amount of the investment was not disclosed.

Zipline started a service using drones to deliver blood products for transfusions to hospitals in Rwanda in October 2016. It began a similar service in Ghana in April 2019.

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