Skye Air, the leading SaaS-based autonomous logistics solution provider, has announced the successful closure of its Series A fundraising round, amassing ~USD 4 million. This milestone was achieved with robust backing from Mount Judi Ventures, Chiratae Ventures, Venture Catalyst, Windrose Capital and Tremis Capital. The round also saw enthusiastic participation from Faad Capital, Misfits Capital, Hyderabad Angels, Soonicorn Ventures and other existing investors, family offices and angels.
The drone industry has witnessed unprecedented growth over the past few years, driven significantly by progressive policy frameworks championed by the Government of India. Positioned at the forefront of drone delivery technology, Skye Air has garnered multiple accolades both in India and internationally for its innovative contributions to the sector including but not limited to, Forbes Select 200, Drone Startup of the Year by Entrepreneur India, Outstanding Startup Award by PHDCCI.
Founded by Ankit Kumar and Chandra Prakash, Skye Air is pioneering faster, more efficient and sustainable last-mile logistics solutions across healthcare, e-commerce, quick-commerce and food industries, highlighted a release.
Commenting on this significant development, Ankit Kumar, Founder & CEO of Skye Air, said, “We are excited to embark on a growth journey along with our existing and new partners who believe in our vision. This is a testament to our amazing team and the relentless hard work they put in every day to create real change in making last-mile logistics faster and more efficient. The fresh capital will help the company expand its last-mile network across Gurugram and other cities for healthcare, e-commerce and quick-commerce deliveries”.
He added: “With the Modi 3.0 government at the centre stage, we envisage a plethora of growth coming in the Indian drone sector, which will make Bharat a Global Drone Hub by 2030. We are enthused by the support and guidance we have received from the Ministry of Civil Aviation, DGCA, AAI, District Administrations and other authorities towards building drone delivery solutions which can impact millions of lives across healthcare, agriculture, e-commerce and other industries.”
Skye Air is dedicated to carrying forward the vision of the Prime Minister, aiming to make Bharat a global drone hub by 2030. This initiative aligns with the broader national goal of leveraging technology to drive economic growth and improve accessibility across the country, the release added.