Drone Technology Services Provider Scales With a Retail Giant
A fast-growing drone technology provider worked with CSC to purchase costly but necessary equipment while preserving equity, sustaining growth, and increasing cash flow.
Challenge
An international drone technology company has partnered with a massive global retailer to begin establishing drone delivery operations.
The company will set up temporary mobile command centers (MCCs) at the retailer’s locations, where technicians will operate, track and launch the drones on site. The MCCs will remain in place until a permanent hub at each location is built and operational and will then be moved to a new location.
As a fast-growing drone technology provider, the company wants to preserve cash for other high-value, high-ROI activities. To sustain growth, the company needed a way to purchase the costly MCCs without depleting the equity it was working hard to raise.
Solution
With a multimillion dollar equipment lease from CSC, the company has deployed several MCCs. CSC has also leased office equipment and technology for the company’s headquarters, further supporting its goals to preserve equity and increase cash flow.
Results
- Saving cash for other growth initiatives, such as marketing and sales
- Supporting better cash flow management with predictable payments
- Maintaining ownership with non-dilutive financing
- Experiencing a simple, flexible process—with funding coming in weeks instead of months
- Gaining a long-term partner that can grow with the organization