Skye Air, a drone logistics solution provider, on Monday said it has secured $4 million (about Rs 34 crore) funding, which will be used to expand the company’s operations across Gurugram and other cities for healthcare, and quick-commerce deliveries.
Faad Capital, Misfits Capital, Hyderabad Angels, Soonicorn Ventures and other existing investors, family offices and angels also participated in the funding round.
“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,” said Ankit Kumar, Founder & CEO of Skye Air.
He further said that with the Modi 3.0 government at the centre stage, the company envisages a plethora of growth coming in the Indian drone sector, which will make Bharat a global drone hub by 2030.
Maple Capital Advisors were the exclusive financial advisors to the company for the transaction. LexStart Partners were the legal counsel for the company.
Skye Air said it is also the creator of Skye UTM, an advanced Unmanned Traffic Management system, which manages drone traffic, ensures safety, and facilitates efficient communication between drones and air traffic controls.