Skye Air Mobility secures $9 million series B funding

The funding, structured as a $4 million series B1 and a $5 million series B2, was led by IAN Group’s second venture fund, IAN Alpha Fund. Prominent investors including AVNM Ventures, Faad Capital, and Bajaj Capital also participated in the round, signaling strong market confidence in the future of autonomous last-mile logistics.

The company's proprietary hub-pod-walker delivery architecture seamlessly integrates aerial drones with ground logistics, creating a hybrid approach specifically tailored for dense Indian urban environments.

By recognising that drones are most effective when working alongside traditional systems rather than replacing them entirely, according to the press release, Skye Air aims to boost delivery efficiency while ensuring technology is deployed thoughtfully to prevent job losses.

This infrastructure has already been stress-tested in high-volume e-commerce logistics, serving major enterprise clients such as Blue Dart Express, Shiprocket, Flipkart, Tata 1MG, Zepto, and Frido.

“Over the past two years, the startup has successfully completed 3.6 million deliveries while saving over 1,000 tonnes of carbon emissions. This fundraise marks our transition from proving the model to scaling the infrastructure," said Ankit Kumar, Founder and CEO of Skye Air Mobility.

Kumar noted that the new capital will be used to deepen the company's physical AI stack, which connects autonomous drones, intelligent airspace management through Skye UTM, and AI-powered ground robotics into a single delivery chain. "India has a rare opportunity not just to adopt the global playbook on drone logistics, but to write it for the world," he added.

Armed with the fresh capital, Skye Air plans to aggressively expand its geographic footprint beyond the Delhi-NCR region over the next 18 months. The company is targeting operations in five additional major metropolitan markets like Bengaluru, Mumbai, Pune, Hyderabad, and Kolkata.

The funds will be strategically deployed across three main priorities: enhancing the core technology stack, executing the geographic expansion, and building out the foundational physical AI infrastructure required to support autonomous systems.

This expansion aligns with the growth of India's drone and logistics sectors. The Indian drone market, valued at $940.6 million in 2024, is projected to reach $3.23 billion by 2030 at a compound annual growth rate (CAGR) of 21.51%.

Notably, the delivery drone segment in India is outpacing major global markets, boasting a 50.4% CAGR, ahead of China, Japan, and the USA.

With India's overall last-mile logistics market expected to nearly double from $5.5 billion to $10 billion by 2030, drone-enabled delivery is positioned to capture a significant market share as quick commerce and e-commerce players increasingly prioritise speed, efficiency, and sustainability.