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Drone logistics company Skye Air Mobility has raised USD 9 million in a Series B funding round led by IAN Alpha Fund, with participation from AVNM Ventures, Faad Capital and Bajaj Capital. The funding will be used to expand the company's hyperlocal drone delivery network and strengthen its technology infrastructure across India. Founded in 2019, the company has already completed around 3.6 million autonomous deliveries and works with clients such as Blue Dart Express, Flipkart and Tata 1MG. The fresh capital will support geographic expansion and further development of its airspace management and logistics technology platforms.
Drone logistics company Skye Air Mobility has secured USD 9 million in a Series B funding round to strengthen its autonomous delivery infrastructure and expand operations across India. The investment will support the company's efforts to scale its hyperlocal drone delivery network and improve its logistics technology platform. Advertisement
The funding round was raised in two parts, including Series B1 of USD 4 million and Series B2 of USD 5 million. The round was led by IAN Group's venture capital arm, IAN Alpha Fund. Other investors that participated include AVNM Ventures, Faad Capital, Bajaj Capital and a group of additional investors. The funding reflects increasing investor interest in technology-driven logistics and drone-based delivery systems in India.
The company stated that the newly raised capital will be used to strengthen its logistics infrastructure and technology systems. A major focus will be on improving its Physical AI-driven delivery network, which integrates autonomous drones, airspace traffic management through its Skye UTM platform and AI-enabled ground logistics systems. The platform allows operators to monitor drone traffic, plan routes and manage deliveries in urban environments.
Management indicated that the funding marks an important stage in the company's growth as it moves from demonstrating its technology to building large-scale infrastructure for drone logistics. The investment is expected to support higher delivery volumes and improve operational efficiency in urban areas where traffic congestion often slows conventional delivery services.
The company is also planning to expand its services beyond the Delhi-NCR region. As part of its expansion strategy, Skye Air aims to extend operations to major metropolitan markets such as Bengaluru, Mumbai, Pune, Hyderabad and Kolkata over the coming months. The expansion will help the company increase its presence in cities where demand for faster last-mile delivery solutions continues to grow.
Skye Air Mobility was founded in 2019 by Ankit Kumar and focuses on hyperlocal drone deliveries within cities. The company has built a network designed to move small and medium packages across short distances quickly using autonomous drones. According to the company, its drones can carry payloads of up to 10 kilograms and are used for deliveries in sectors such as e-commerce, healthcare and quick commerce.
In a little over two years of active commercial operations, the company has completed approximately 3.6 million autonomous drone deliveries. These deliveries have included shipments of medicines, consumer goods and e-commerce packages where faster turnaround times are required.
The company currently works with several logistics and e-commerce platforms including Blue Dart Express, Shiprocket, Flipkart, Frido, Tata 1MG and Zepto. Through these partnerships, businesses are able to use drone logistics to reduce delivery time for urgent or high-value shipments, particularly in dense urban locations.
India's drone industry has been expanding steadily in recent years with growing support from government policy and increasing adoption across sectors such as agriculture, infrastructure inspection, surveillance and logistics. Industry estimates suggest that the domestic drone market was valued at about USD 940.6 million in 2024 and is projected to reach around USD 3.23 billion by 2030, reflecting a compound annual growth rate of about 21.5 percent.
Within this sector, delivery drones are expected to grow even faster. Analysts estimate that India's delivery drone segment could record growth of around 50.4 percent, which is higher than growth rates seen in markets such as China, Japan and the United States. The rising demand is largely driven by the rapid growth of e-commerce, quick commerce platforms and healthcare supply chains that require faster last-mile logistics.
Industry observers note that drone-based delivery can help reduce delivery times and bypass traffic congestion in major cities. Companies developing such technology are increasingly focusing on combining aerial drones with ground logistics systems to build integrated delivery networks.
Source PTI
FAQ
1. What funding has Skye Air Mobility recently secured?
Skye Air Mobility has raised USD 9 million in a Series B funding round to strengthen its autonomous drone delivery infrastructure and expand operations across India. The investment will help the company scale its hyperlocal delivery network and enhance its logistics technology platform.
2. Who led the funding round and which investors participated?
The funding round was led by IAN Alpha Fund. Other investors included AVNM Ventures, Faad Capital, and Bajaj Capital, along with additional investors interested in technology-driven logistics and drone delivery systems.
3. How will the company use the newly raised capital?
The funds will be used to expand Skye Air's hyperlocal drone delivery network and strengthen its Physical AI-driven logistics platform. This includes improvements to the company's Skye UTM airspace traffic management system, which helps manage drone routes, monitor airspace activity, and support efficient delivery operations in urban environments.
4. What expansion plans does the company have?
Currently active in the Delhi-NCR region, Skye Air plans to expand its operations to major cities including Bengaluru, Mumbai, Pune, Hyderabad, and Kolkata. The expansion aims to meet rising demand for faster last-mile deliveries in densely populated urban markets.
5. What is the scale of Skye Air's operations so far?
Founded in 2019 by Ankit Kumar, the company has completed around 3.6 million autonomous drone deliveries in a little over two years of active commercial operations. Its drones can carry packages weighing up to 10 kilograms and are used for delivering medicines, consumer goods, and e-commerce orders.
6. Which companies currently work with Skye Air for drone deliveries?
Skye Air partners with several logistics, e-commerce, and quick-commerce platforms including Blue Dart Express, Flipkart, Shiprocket, Tata 1MG, and Zepto. These partnerships allow businesses to reduce delivery time and improve last-mile logistics, especially in congested urban areas.
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