Amid the rapid growth of drone technology in India, Skye Air Mobility has secured $9 million in a Series B funding round to accelerate the expansion of its hyperlocal drone delivery services.
The funding round was structured in 2 parts. Series B1 raised $4 million, while Series B2 secured $5 million. The investment was led by IAN Alpha Fund, the second venture fund of IAN Group. Other participants included AVNM Ventures, Faad Capital, Bajaj Capital, and several prominent investors, the company said.
According to Skye Air Mobility, India’s drone market is witnessing strong momentum. The sector was valued at $940.6 million in 2024 and is projected to reach $3.23 billion by 2030, growing at a CAGR of 21.51%.
Within the sector, the delivery drone segment is expanding even faster. India currently leads major global markets with a 50.4% CAGR. This growth rate is higher than China at 42.9%, Japan at 46.1%, and the United States at 39.4%, the company noted.
“This fundraise marks our transition from proving the model to scaling the infrastructure. The capital will go toward deepening our Physical AI stack, connecting autonomous drones, intelligent airspace management through Skye UTM, and AI-powered ground robotics into a single seamless delivery chain,” said Ankit Kumar, Founder & CEO of Skye Air Mobility.
The company currently serves several major enterprise clients. Its portfolio includes Blue Dart Express, Shiprocket, Flipkart, Frido, Tata 1MG, and Zepto.
With the new capital, Skye Air Mobility plans to significantly expand its operations beyond Delhi-NCR. The company is targeting key metropolitan markets including Bengaluru, Mumbai, Pune, Hyderabad, and Kolkata.
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