Skye Air Mobility Raises $9 Million in Series B to Scale Hyperlocal…

Team S · 2026-03-11T12:59:22.000Z

Indian drone logistics startup Skye Air Mobility has secured $9 million in a Series B funding round aimed at expanding its hyperlocal drone delivery infrastructure across major cities in India. The round was led by IAN Alpha Fund, the second venture fund launched by the IAN Group, with participation from AVNM Ventures, Faad Capital, Bajaj Capital, and other investors. The funding round was structured in two tranches - $4 million in Series B1 and $5 million in Series B2 allowing the company to accelerate its expansion strategy and strengthen its autonomous logistics infrastructure. Founded in 2019 by Ankit Kumar, Skye Air Mobility develops drone-based logistics solutions that enable fast, last-mile delivery of goods such as medicines, retail products, and e-commerce shipments. The company focuses on hyperlocal drone deliveries, designed to transport goods quickly across short urban distances. The newly raised capital will primarily be used to enhance the company’s “Physical AI” logistics stack, which integrates autonomous drones, AI-driven airspace management through its Skye UTM platform, and ground-based robotics to create a seamless delivery ecosystem. Skye Air already works with major enterprise clients including Blue Dart Express, Shiprocket, Flipkart, Frido, Tata 1MG, and Zepto, demonstrating the growing adoption of drone-based logistics in India’s e-commerce and healthcare supply chains. With the new investment, the company plans to expand operations beyond Delhi-NCR into major Indian metropolitan markets such as Bengaluru, Mumbai, Pune, Hyderabad, and Kolkata, strengthening its national drone delivery network. The funding comes at a time when India’s drone industry is experiencing rapid growth, with the market expected to rise from $940.6 million in 2024 to $3.23 billion by 2030, highlighting the strong demand for drone-enabled logistics and aerial mobility solutions.

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Skye Air Mobility Raises $9 Million in Series B to Scale Hyperlocal… | Newnex