NEW DELHI: Drone supply platform Skye Air Mobility has introduced conclusion of its seed spherical of practically $1.7 million. The funding spherical was led by Chiratae Ventures.
The spherical additionally noticed participation from Lead Angels, O2 Angels, Agility Ventures, Lets Enterprise and a number of other buyers together with Rajeev Chitrabhanu, Ankit Nagori, Varun Alagh, Gautam Badalia, Ayush Lohia and others, Skye Air Mobility stated.
The funding can be used to carry higher effectivity to completely different verticals by permitting quicker deliveries, cut back carbon emission, cut back price, and enhance accessibility to places which can be troublesome to achieve by street or the place there is no such thing as a connectivity in any respect, the corporate stated.
Skye Air Mobility is presently working in eight cities throughout the nation and plans to increase to 16 cities within the subsequent 24 months.
For the drone trade, 2021 was a promising yr with the introduction of latest drone guidelines and PLI (Manufacturing Linked Incentive) scheme and the Indian drone supply trade potential stands at $18 billion, in first and final mile segments, the corporate added.
“We’re excited to companion with Skye Air Mobility to disrupt the primary & final mile logistics in an environment friendly and climate-friendly method, starting with the Healthcare area and increasing into different sectors with its logistics and SaaS options” Mandeep Julka, Vice President – Investments, Chiratae Ventures stated.
“Drone supply is more and more gaining floor throughout logistics suppliers to deal with inefficiencies in final mile supply and is predicted to develop at greater than 50% CAGR (compounded annual progress fee) over the following six years” stated Dhianu Das, Founder, Agility Ventures.
Skye Air has bases in Hyderabad and Gurgaon and focuses on logistics options for healthcare, ecommerce, fast commerce, agri-commodity and different industries. The corporate’s community consists of corporations like Flipkart, Dunzo, Swiggy, Redcliffe Labs, Aster Healthcare, Blue Dart, Treatment Meals amongst others.
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Supply: Live Mint