Matternet Appoints Starbucks EVP Sanjay Shah to Board of Directors

Matternet, the world's only FAA Type-Certified drone delivery platform, today announced the appointment of Sanjay Shah to its Board of Directors. Mr. Shah currently serves as Executive Vice President and Chief Supply Chain Officer at Starbucks and has held senior operations and supply-chain leadership positions at Gopuff, Beyond Meat, Tesla, Amazon, and Dell.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260730243032/en/

Matternet Appoints Starbucks EVP Sanjay Shah to Board of Directors

Over a career spanning more than three decades, Mr. Shah has built and scaled complex global operations across retail, e-commerce, manufacturing, energy, and consumer goods. His appointment adds significant operational and supply-chain expertise to Matternet’s Board as the company expands its commercial drone delivery platform across healthcare, food, and retail markets.

“Drone delivery is entering a new phase, moving from early commercial deployments to scaled, everyday infrastructure,” said Andreas Raptopoulos, Founder and CEO of Matternet. “Sanjay has spent his career building some of the world’s most complex supply chains and operating networks. He brings the discipline, judgment, and executional depth required to turn breakthrough technology into infrastructure that can operate reliably at global scale. That experience will be invaluable as we build Matternet into the world’s leading drone delivery platform.”

“Throughout my career, I have seen firsthand the limitations of conventional last-mile delivery and the need for a fundamentally new approach,” said Mr. Shah. “Matternet has built a unique technology platform that integrates aircraft, ground infrastructure, and software to automate the delivery process end to end. I am delighted to join the Board and look forward to helping the company scale its network to serve the logistics needs of large enterprise customers.”

Mr. Shah joined Starbucks as Executive Vice President and Chief Supply Chain Officer in 2025. He previously served as Senior Vice President of Operations at Gopuff, Chief Operating Officer of Beyond Meat, Senior Vice President at Tesla, and Vice President of North American Customer Fulfillment at Amazon. Earlier in his career, he held senior leadership roles at Dell. He holds a B.S. in Mechanical Engineering from the University of Tennessee at Chattanooga.

Mr. Shah’s appointment further strengthens Matternet’s Board as the company enters its next phase of commercial growth. In recent months, Matternet announced a partnership with SoftBank Robotics America and launched operations for the UK’s National Health Service, connecting two of Central London’s busiest hospital campuses through aerial routes designed to move critical medical items in minutes. The company is also expanding its partnerships across healthcare, restaurant, retail, and direct-to-consumer delivery.

About Matternet

Matternet is a leading developer of commercial drone delivery systems for urban and suburban environments. The company builds the Matternet M2 drone, the Matternet Station, and the Matternet Software Platform and operates its technology directly for customers or in partnership with logistics organizations such as UPS. Matternet has achieved many industry firsts, including being the first company authorized for commercial Beyond Visual Line of Sight (BVLOS) drone delivery operations over cities in Switzerland, the first to launch routine revenue-generating drone delivery operations in the U.S., and the first to achieve standard Type Certification and Production Certification from the U.S. Federal Aviation Administration (FAA). Matternet is partnered with UPS and Ameriflight for operations under Part 135. Matternet has operated commercially for more than a decade, beginning with humanitarian drone delivery missions in 2014, launching B2B healthcare operations in Europe in 2017 and the U.S. in 2019, and expanding into B2C drone delivery operations in Silicon Valley in 2024. To date, Matternet's technology has enabled more than 60,000 commercial flights across dense urban and suburban environments in the U.S. and Europe.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Forward-looking statements relate to, among other things, the Company’s intent to scale its drone delivery system, expand commercial availability across restaurant, retail, and healthcare markets, and advance its next-generation autonomous delivery platform, as well as other plans, objectives, expectations, business strategy, growth opportunities, market opportunity, commercial expansion, regulatory developments, financing plans, use of proceeds, public listing plans, and future operating performance.

Important factors that could cause actual results to differ materially from those expressed or implied include, among others, risks related to the Company’s ability to scale commercial operations, obtain and maintain regulatory approvals, manufacture and deploy its technology at scale, secure customer contracts and strategic partnerships, access capital, compete effectively, and execute its business plan, as well as other factors detailed from time to time in the reports the Company files with the Securities and Exchange Commission (“SEC”). Copies of reports filed with the SEC are posted on the Company’s website and are available without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, the Company disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.