ARK Invest Bets on Drone Delivery Startup Manna

ARK Invest is reportedly backing Manna, a drone delivery company, positioning it as a potential leader against established players like Alphabet and Zipline. Manna's strategy focuses on a cost-effective, no-frills approach to autonomous delivery, aiming to gain traction as regulatory frameworks evolve to permit scaled drone operations. This investment signals a strong conviction in Manna's business model and its potential to disrupt the logistics and delivery sector. The move by ARK Invest suggests a belief in the future of autonomous aerial logistics and Manna's capacity to capture a significant market share.