Skye Air Mobility raises $1.7 million to boost drone delivery | Tech Reddy

Sky Air Mobility said the round also saw participation from Lead Angels, O2 Angels, Agility Ventures, Let’s Ventures and several investors including Rajeev Chitrabhanu, Ankit Nagori, Varun Alagh, Gautam Badalia, Ayush Lohia and others.

The investment will be used to bring more efficiency to various verticals by allowing faster delivery, reducing carbon emissions, reducing costs and increasing accessibility in areas hard to reach by road or where there is no connectivity, the company said.

Sky Air Mobility currently operates in eight cities across the country and plans to expand to 16 cities in the next 24 months.

For the drone industry, 2021 was a promising year with the introduction of new drone rules and PLI (Production Linked Incentive) scheme and the Indian drone delivery industry has a potential of $18 billion, in the first and last mile segments, the company added.

“We are excited to partner with Sky Air Mobility to disrupt first and last mile logistics in an efficient and climate-friendly manner, starting from the healthcare domain and extending to other sectors with its logistics and SaaS solutions” Mandeep Jhulka, Vice President – Investments, Chirtai Ventures .

“Drone delivery is increasingly gaining ground among logistics providers to address inefficiencies in last-mile delivery and is expected to grow at 50% CAGR (compound annual growth rate) over the next six years,” said Dhyanu Das, Founder, Agility Ventures.

Sky Air has bases in Hyderabad and Gurgaon and focuses on logistics solutions for healthcare, ecommerce, rapid commerce, agri-commodity and other industries. The company’s network includes companies like Flipkart, Dunzo, Swiggy, Redcliffe Labs, Aster Healthcare, Blue Dart, Cure Foods.