Indianapolis tech startup Arrive calls off planned merger
Smart-mailbox startup Arrive AI, which in December announced plans to merge with Canada-based Brüush Oral Care Inc. and become a public company, says it has called off the deal.
Smart-mailbox startup Arrive AI, which in December announced plans to merge with Canada-based Brüush Oral Care Inc. and become a public company, says it has called off the deal.
By the end of the decade, the company has a goal of delivering 500 million packages by drone every year.
Indianapolis-based Arrive, which did business as DroneDek until a rebranding earlier this year, offers smart mailboxes for package delivery.
Greenfield-based Progressive Logistics and Indianapolis-based Langham Logistics are both working with Pittsburgh-based Gather AI Inc. to use drones to scan and track items in their facilities.
The company, which launched in 2019, hasn’t yet started earning revenue but it expects to do so by the end of the year, says founder Dan O’Toole. He said it’s also on track to meet hiring required to earn state incentives.
Aviation authorities in the U.S. and elsewhere are preparing to relax some of the safeguards they imposed to regulate a boom in off-the-shelf consumer drones over the past decade.
The White House on Monday released an action plan that calls for expanding the number of agencies that can track and monitor drones flying in their airspace.
The demonstration comes as Dronedek prepares a move to Lawrence, where it’s renovating a long-vacant building at 4423 Shadeland Ave. into its new headquarters.
DroneDek, an Indianapolis-based startup, said it has raised more than $1.25 million to support its upcoming product launch.
Federal officials say they will allow operators to fly small drones over people and at night, potentially giving a boost to commercial use of the machines.
The partnership unites Pierce Aerospace’s remote identification technologies and DroneDek’s patented last-mile logistics offering, including a drone mailbox system.
The Federal Aviation Administration last month approved new regulations that TV industry experts say will open the floodgates for drone use in news reporting.