Mentioned:
There’s a new company on the Nasdaq. And they’re aiming to reinvent autonomous deliveries.
What’s happening:
- Smart mailbox technology company Arrive AI (NASDAQ: ARAI) has officially completed a direct listing onto the Nasdaq and began trading
Why it matters:
- Arrive AI is aiming to become one of the largest hardware platforms for autonomous deliveries and is capable of integrating with drones and robots as well as human couriers for seamless deliveries
Going deeper:
- Multiple large companies have completed pilot projects and demonstrations with Arrive AI for secure deliveries, including McDonalds, UberEats and even the United States Postal Service
- Arrive AI has publicly stated they are planning to begin partnerships with pharmaceutical labs and hospitals to begin secure deliveries of prescriptions and medical supplies that need to be both tracked and climate controlled
The intrigue:
- Arrive AI previously made waves when they successfully raised just under $12M USD in a crowdfunding campaign from more than 5,000 individual investors
