Drone delivery startup Skye Air Mobility has successfully raised $9 million in a Series B funding round to further develop its last-mile delivery drone technology.
Founded in 2019 by Ankit Kumar, Skye Air specializes in B2B deliveries using drones, with a current fleet of 33 drones in operation. The funding, led by IAN Alpha Fund and supported by AVNM Ventures, Faad Capital, Bajaj Capital, and existing investors, will be raised in two tranches, with $4 million expected to be secured this month and the rest over the next few months.
The fresh capital infusion will enable Skye Air to expand its drone delivery services to additional cities in Delhi NCR, such as Noida, Greater Noida, and Faridabad, in addition to parts of Delhi. The company also plans to extend its operations to Bengaluru, Mumbai, Pune, Hyderabad, and Kolkata.
One key focus for Skye Air’s investment will be on enhancing its technology, particularly in the realm of physical AI. Ankit Kumar stated, ‘It took some time to put together the entire playbook we were trying to build… and now that we’ve done that, we are ready to scale and expand.’
Source: Inc42 Media