Matternet, Inc.
OOTC:MTTN3.17
USD
+0.37
(+13.21%)
CIK
2075109
ISIN
US5770991041
CUSIP
577099104
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- Sector
- Electronic technology
- Industry
- Aerospace & defense
- Address
- Mountain View United States
- CIK
- 0002075109
- Website
- matternet.com
- Similar Companies
- Business
- Matternet, Inc. (OTC: MTTN) is an autonomous aerial logistics and technology company that develops and operates unmanned aerial systems (UAS) for urban and suburban last-mile transportation. Founded in 2011 and headquartered in Mountain View, California, the company designs, manufactures, and deploys integrated, zero-emission drone delivery ecosystems tailored for healthcare networks, commercial retail, food delivery, and industrial supply chains. Matternet operates primarily across North America and Europe, serving hospital systems, medical laboratories, logistics carriers, and enterprise organizations requiring rapid, on-demand transport of lightweight, time-critical cargo. The company's core product portfolio and service architecture encompass the Matternet M2 Drone System, an electric, autonomous multi-rotor aircraft capable of carrying up to two-kilogram payloads across a twenty-kilometer operational radius, engineered to navigate dense urban airspace and holding standard Type Certification and Production Certification from the United States Federal Aviation Administration (FAA); the Matternet Station, a self-contained, automated ground kiosk and landing terminal featuring robotic package loading, secure and temperature-controlled internal payload storage, and automated battery-swapping mechanisms that complete exchanges in under sixty seconds; the Matternet Software Platform, a proprietary cloud-based operating suite providing end-to-end mission planning, automated flight routing, real-time fleet monitoring, air traffic management integration, and remote tele-operations; and Turnkey Drone Delivery-as-a-Service (DaaS) Solutions, offering fully managed hardware, ground infrastructure, maintenance, regulatory compliance support, and enterprise network integration. In recent corporate developments, Matternet completed a reverse merger transaction with Los Altos Ventures Corp. in May 2026 to transition into a publicly reporting company, concurrently securing approximately 34 million dollars in private placement financing to fund the commercial rollout of its next-generation aerial logistics infrastructure. In September 2026, the company's common stock commenced public trading on the OTCQB Venture Market under the ticker symbol MTTN. Strategically, Matternet established a partnership with SoftBank Robotics America in April 2026 to accelerate the enterprise deployment of autonomous delivery networks through physical artificial intelligence integration, followed by an alliance with Beeline UAS in July 2026 to expand third-party FAA Part 135 operational carrier capacity. Additionally, in September 2026, Matternet partnered with digital workplace solutions provider AVI-SPL to deploy automated drone logistics for rapid delivery of critical audiovisual and IT hardware components across metropolitan service areas, complementing ongoing operational partnerships with carrier partners such as UPS Flight Forward and public health institutions including the United Kingdom National Health Service.