Skye Air, a pioneering SaaS-based autonomous logistics startup, has successfully raised $4 million in its Series A funding round. The investment was led by Mount Judi Ventures, Chiratae Ventures, Venture Catalyst, Windrose Capital, and Tremis Capital, with additional contributions from Faad Capital, Misfits Capital, Hyderabad Angels, Soonicorn Ventures, and other existing investors, family offices, and angels.
This funding round marks a significant milestone for Skye Air, coming on the heels of a $1.7 million seed round secured in November 2022, led by Chiratae Ventures.
Founded by Ankit Kumar and Chandra Prakash, Skye Air has positioned itself at the forefront of sustainable last-mile logistics solutions. Based in Delhi-NCR, the startup specializes in integrating drone technology to revolutionize deliveries in sectors such as healthcare, e-commerce, quick-commerce, and food industries.
The fresh capital infusion will enable Skye Air to further expand its last-mile delivery network, initially focusing on scaling operations across Gurugram and other key cities. This expansion is set to bolster logistics capabilities, enhancing efficiency and reducing delivery times for partner industries.
Central to Skye Air’s technological prowess is Skye UTM (Unmanned Traffic Management), an advanced system that manages drone traffic, ensures operational safety, and facilitates seamless communication between drones and air traffic controllers. This innovation plays a crucial role in integrating drone deliveries into mainstream logistics solutions, setting a new standard for efficiency and reliability in the logistics ecosystem.
With the Series A funding secured, Skye Air is poised to consolidate its position as a leader in autonomous logistics solutions, driving forward its mission to transform last-mile deliveries and accelerate the adoption of drone technology across diverse industries.
