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Drone delivery startup Skye Air raises $4 million in funding

Economic Times

Economic Times · 1y ago

Drone delivery startup Skye Air raises $4 million in funding

Skye Air, a drone delivery logistics provider, has secured $4 million in funding in a round led by Mount Judi Ventures, Chiratae Ventures, and other investors. The funds will be used to expand Skye Air's last-mile drone delivery network in Gurugram and other cities, particularly for healthcare, e-commerce, and quick-commerce deliveries. Skye Air, founded in 2019, provides sustainable last-mile logistics solutions using drones and has developed a traffic management system for regulating drone traffic and ensuring safety. The investment reflects the potential of the rapidly growing drone delivery industry in India.

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Skye Air Bags Rs 32 CR ($4 Mn) From Mount Judi Ventures, Others

Inc42 · 1y ago

Skye Air Bags Rs 32 CR ($4 Mn) From Mount Judi Ventures, Others

Skye Air Mobility, a drone delivery startup, has raised $8 million in a Series A funding round. The funding round involved participation from various investors, including Chiratae Ventures and Venture Catalyst. Skye Air plans to use the capital for product development, infrastructure expansion, and to grow its team to around 200 employees within the next 18 months. The startup, founded in 2019, is primarily focused on sectors such as healthcare, ecommerce, quick commerce, and agriculture.

DTDC Partners Skye Air Mobility For Drone Delivery Of Parcels

Inc42 · 1y ago

DTDC Partners Skye Air Mobility For Drone Delivery Of Parcels

DTDC made its first successful drone delivery from Bilaspur to Gurugram Sector 92, completing a 7.5 km journey in just 3-4 minutes. This is the beginning of DTDC's drone delivery service, with plans to expand to other locations in India. Competitor Blue Dart has also started drone deliveries in partnership with Skye Air.

Shiprocket joins Skye Air for drone delivery service for merchants

Economic Times

Economic Times · 2y ago

Shiprocket joins Skye Air for drone delivery service for merchants

Logistics provider Shiprocket is teaming up with Skye Air, a SaaS-based drone delivery solution, to transform e-commerce in India. The partnership aims to enhance order fulfillment amid urban congestion, leveraging Skye Air's autonomous drone logistics. Initially launching in Gurgaon, the collaboration enables same-day and next-day deliveries, streamlining the process for efficiency, eco-friendliness, and customer satisfaction. Shiprocket and Skye Air are jointly advancing drone-powered, tech-driven delivery solutions.

Bengaluru gets drone deliveries three years after they were first announced

YourStory

YourStory · 5m ago

Bengaluru gets drone deliveries three years after they were first announced

Bengaluru launches its first commercial drone delivery service by Skye Air, three years after initial plans, offering rapid deliveries in areas like Konankunte. Skye Air's drones, operating in a "Skye Tunnel," can carry up to 10 kg, reducing delivery times and carbon emissions. The service, which sees high demand, uses proprietary technology for efficient management and safety. With clients like Bluedart and Ecom Express, Skye Air also eyes future expansion into food delivery.

Drone Startup Skye Air Mobility Bags 10 Govt Contracts For Medical Supply Delivery

Inc42 · 1y ago

Drone Startup Skye Air Mobility Bags 10 Govt Contracts For Medical Supply Delivery

Skye Air Mobility, a drone delivery startup founded in 2019, has secured contracts from 10 Indian government medical institutions. The contracts enable the institutes, including several AIIMS and regional leprosy centres, to utilize drones for efficient delivery of essential medical supplies in temperature-controlled boxes. The deployment is expected to be completed in the coming weeks. Skye Air plans to expand its fleet size from 35 to 100 drones within the next six months. The Indian drone market is projected to reach $13 billion by 2030.

Easing Of Drone Regulations Has Made Business Viable: Skye Air CEO

OutlookIndia

OutlookIndia · 5m ago

Easing Of Drone Regulations Has Made Business Viable: Skye Air CEO

Ankit Kumar, CEO of Skye Air Mobility, highlights the effectiveness of easing drone regulations, enabling the viability of drone deliveries in India’s last-mile logistics. Identifying inefficiencies and accessibility gaps, particularly in remote regions, the company aims to enhance connectivity with urban-level access. While competing with quick-commerce companies, Skye Air optimizes delivery processes and promises reduced costs. The potential global scalability and job creation aspects, like the 'Skywalker' program, highlight its promising impact.

Exclusive: Ecom Express To Pilot Drone Deliveries In Delhi NCR

Inc42 · 1y ago

Exclusive: Ecom Express To Pilot Drone Deliveries In Delhi NCR

Delhi-based logistics company Ecom Express is set to launch a drone delivery pilot in the Delhi NCR-region. Starting with 500 shipments per day, the model will be gradually expanded to cover Bengaluru and parts of Chandigarh. The initiative aims to improve delivery speed, reduce costs, and lower carbon footprint. Ecom Express plans to collaborate with Skye Air for the drone deliveries, capitalizing on areas with high shipment density and route coverage. The company hopes to achieve a significant impact on cost efficiency and traffic reduction through this innovative approach.

Drone firms spot an opening in healthcare logistics space

Economic Times

Economic Times · 5m ago

Drone firms spot an opening in healthcare logistics space

Drone startups in India are increasingly focusing on healthcare logistics, utilizing drones for swift medical deliveries. Enabled by the Drone Rules 2021, these firms deliver lab samples, medicines, and emergency supplies, constituting 15-20% of their revenue—a figure expected to grow. Startups like Skye Air Mobility conduct numerous daily flights for medical deliveries. Partnering with initiatives like PM Ayushman Bharat Yojana, they cover extensive distances, as seen with a 104 km delivery in West Bengal for Flipkart Health Plus.

Drone delivery startup Airbound raises $1.7 million in seed funding led by Lightspeed

Economic Times

Economic Times · 9m ago

Drone delivery startup Airbound raises $1.7 million in seed funding led by Lightspeed

Drone technology startup Airbound has secured $1.7 million in seed funding led by Lightspeed Venture Partners. The company has developed a long-distance drone called TRT, capable of carrying up to 1.5kg of payload. Airbound aims to revolutionize logistics by leveraging its proprietary technology to reduce delivery costs. The funding will be used for further research and development as well as expanding into medical deliveries, including transporting blood samples. Airbound plans to launch its product in early 2025. The drone startup sees potential opportunities for drone delivery in the quick commerce sector, particularly in tier-II and tier-III cities in India.

Blue Dart begins drone deliveries in partnership with Skye Air

Inshorts · 1y ago

Blue Dart begins drone deliveries in partnership with Skye Air

Blue Dart on Friday said that it has commenced drone deliveries in partnership with homegrown drone maker Skye Air. In a statement, Blue Dart said that it will initially focus on ecommerce deliveries and will deploy drones to offer last-mile services, although it did not specify the cities where the service will be operational.

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