Zipline appoints new board member

By
Godwill Arthur-Mensah, GNA

Accra, Sept. 16, GNA
– The Zipline Technology, the world’s first medical drone delivery service, has
announced the appointment of Mr Paul David Hewson, popularly known in the
showbiz industry as “Bono”, to its board of directors.

Mr Hewson, who is an
activist, investor and musician, now represents the Rise Fund on the Board.

Earlier this year,
the Rise Fund invested in Zipline to enable it deliver to essential medicines
to people in deprived communities.

Mr Keller Rinaudo,
the Chief Executive Officer of Zipline, said the firm would continue to deliver
essential medicines to millions of people across the world through its drone
delivery service.

He said Hewson’s
commitment to social and economic justice and his keen sense of ensuring that
the private sector plays a critical role in delivering good services in the
world made him a natural fit for the board.

Mr Hewson, in
response to his appointment, said: “Companies like Zipline are the reason we
started The Rise Fund.

“They are
tackling a very difficult problem with a solution that looks simple, but is
stunningly sophisticated”.

He said the progress
and essential services Zipline was rendering in Rwanda and Ghana, was critical
towards satisfying the needs of humanity saying; “The engineering teams
are saving lives every day, while constantly looking for ways they can innovate
further to reach more people”.

“That’s why I
joined Zipline, because outside of music, Zipline brings together my most
fervent passions: that commerce should serve people and not the other way
around, that the brightest minds everywhere can go to work for the most
vulnerable lives anywhere, and that we put our intellect to work in service of
our ideals. I could not be more proud to be joining the board,” Mr Hewson said.

Bono, the lead
singer of U2, is also a well-known activist in the fight against AIDS and
extreme poverty in Africa and the co-founder of sister organisations ONE and
RED.

Bono is also a
co-founder, along with TPG and Jeff Skoll, of The Rise Fund, a global impact
fund investing in entrepreneurial companies driving measurable, positive social
and environmental change in alignment with the Sustainable Development Goals.

Zipline operates a
global emergency medicine logistics and delivery service using autonomous
drones.

The company has
flown millions of kilometers, made tens of thousands of on-demand medical
deliveries and helped to save thousands of lives in emergencies.

Zipline’s operations
in Ghana and Rwanda will serve about 22 million people and expected to help
save tens of thousands of lives over the next several years.

The Company’s
ambition is to expand to serve 700 million people in the next five years.

Information about
Zipline

Zipline is an
automated logistics company based in California. The company comprise seasoned
engineering and operations veterans from teams such as SpaceX, Tesla, Google,
and Boeing—designs and operates an autonomous system for delivering lifesaving
medicine to the world’s most difficult to reach places.

Zipline’s mission is
to provide every human on Earth with instant access to vital medical supplies.
The most respected investors in the world support Zipline, including Baillie
Gifford, Goldman Sachs, Sequoia Capital, Andreessen Horowitz, GV.

The Rise Fund, a
global impact fund managed by TPG, Katalyst Ventures, Temasek, Toyota Tsusho
Corporation, and Stanford University.

About the Rise Fund

The Rise Fund is the
world’s largest global fund committed to achieving measurable, positive social
and environmental outcomes alongside competitive financial returns — what we
call “complete returns.”

The Rise Fund is
managed by TPG Growth, the global growth equity and middle market buyout
platform of alternative asset firm TPG.

The Rise Fund
invests in education, energy, food and agriculture, financial services, growth
infrastructure, healthcare, technology, media, and telecommunications companies
which deliver complete returns.

GNA

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