Startup Funding – Sky Air Mobility: Along with the world, India is also working towards adoption of drone delivery technology at a fast pace. For some time now, efforts have been going on to make delivery of goods through drones a reality, from the central government to all state governments and many startups related to this sector.
Clearly, the future lies in drone delivery and in such a scenario, investors have started betting heavily on startups related to this sector. Drone delivery startup Skye Air Mobility has now secured $1.7 million (around Rs. 13.8 crore) in its seed funding round.
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Let us tell you that this investment round for this Gurugram based company was led by Chirate Ventures. Also some individual investors like Ankit Nagori (Curefit), Varun Alagh (Mamaartha) and some institutional investors like Lead Angels, O2 Angels, Agility Ventures, Let’s Venture etc. also participated.
If the startup is to be believed, the company will use the money raised to achieve greater efficiencies in various areas. According to this The focus will be on faster delivery, reduction of carbon emissions, cost reduction and rapid expansion even in areas without road connectivity or access.
Launched in 2020, Sky Air Mobility actually facilitates drones for delivery of everything from retail to e-commerce products, postal services and food products. Along with this, the company also provides last mile drone delivery for health and medical, defense (military supplies) and ambulance supplies etc.
Skye Air claims to have completed 2,200 BVLOS (Beyond Visual Line of Sight) flights and delivered 720,000 product packages since its inception. In this sequence, it has covered an air distance of over 11,800 km.
Skye Air, which currently operates in around 8 cities in the country, is on track to double its reach in the next 1 to 2 years. According to the company, it has also partnered with several state governments to expand its business.
The company’s client list includes all the big names like Flipkart, Dunzo, Swiggy, Redcliffe Labs, Aster Healthcare, Blue Dart, Cure Foods.
In a statement, the company said it has successfully conducted the world’s longest BVLOS drug delivery flight of 104 km between Baruipur and Medinipur in West Bengal with Flipkart Health. This reduced the delivery time by about 80% compared to conventional tools.
In March this year, the startup announced that it intends to grow its fleet size to around 120 drones and cover 1 million km in the next 12-15 months.
Meanwhile, about the new investment, the company’s co-founder Ankit Kumar said;
“This investment comes at a time when we are looking to accelerate the expansion of our services in the Indian market.”
“We hope this new funding will help our team work on many new possibilities, enabling us to make drone delivery easier for even more customers.”