Skye Air Mobility has raised $9 million in a Series B round to scale its hyperlocal drone delivery operations and expand across India, with IAN Alpha Fund — the venture arm of the Indian Angel Network Group — leading the investment alongside AVNM Ventures, Faad Capital, Bajaj Capital and several angel backers.
The round is structured in two tranches: $4 million has already been closed, while the remaining $5 million is expected in the second tranche. The funds will be used to expand the company’s drone fleet, bolster its technology stack and widen its delivery network to meet rising demand from businesses and consumers.
Business model and technology
Founded in 2019 by Ankit Kumar, Skye Air Mobility builds a technology-driven platform for autonomous drone logistics focused on last-mile delivery. The company combines unmanned aerial vehicles with proprietary airspace management systems to coordinate multiple drones, optimise routes and ensure safe operations in urban and semi-urban environments.
Skye’s Skye UTM platform — its unified traffic management system — is a core asset. The platform manages drone traffic, facilitates route planning and enables integration with partner systems, aiming to reduce delivery times and operational costs for sectors such as e-commerce, quick-commerce, healthcare and industrial supply chains.
Planned expansion and capacity
With the fresh capital, Skye Air Mobility plans to extend services beyond the Delhi-NCR region into Bengaluru, Mumbai, Pune, Hyderabad and Kolkata over the next 18 months. The company intends to augment its fleet capabilities, increase payload capacity and scale operations to handle higher volumes from commercial clients.
Skye says its drones can carry payloads up to 10 kilograms and that the company has completed more than 3.6 million deliveries across sectors to date — a figure that underscores growing commercial adoption of drone logistics in India.
Context and market outlook
India’s rapid e-commerce growth and rising consumer expectations for faster deliveries have made drone logistics an attractive solution for last-mile challenges, particularly in congested urban corridors and hard-to-reach rural areas. Regulatory progress on drone corridors, traffic management and certification will be critical for wider deployment.
Investors backing Skye are signalling confidence in the sector’s commercial viability and the company’s technology-led approach, even as operators navigate regulatory, safety and airspace-integration hurdles on the path to mainstream adoption.
