Funding · Mobility & Logistics

Skye Air Mobility raises $9 Mn Series B

By Startup Enthusiast · 11 March 2026

What they do

Skye Air Mobility operates drones for last-mile B2B deliveries in tech parks and gated societies

It raised $9 Mn in Series B funding led by IAN Alpha Fund, with participation from AVNM Ventures, Faad Capital, and Bajaj Capital

The company plans to expand to multiple Indian cities and invest in autonomous drones and AI-powered robotics

Skye Air Mobility is raising $9 Mn (₹83 Cr) in a Series B round.
The round is split into two tranches: Series B1 of $4 Mn and Series B2 of $5 Mn.
The first tranche of ~$4 Mn is closing in March 2026, and the rest will close over the next 3-4 months.
The round is led by IAN Alpha Fund, the second venture fund of the IAN Group.
Other participants include AVNM Ventures, Faad Capital, and Bajaj Capital.
Existing investors Chiratae Ventures and Mount Judi Ventures are also participating, along with undisclosed HNIs (high-net-worth individuals).
The company will use the funds to expand to new cities and invest in technology.

The India drone market was valued at $940.6 Mn in 2024 and is projected to reach $3.23 Bn by 2030, growing at a CAGR of 21.51%.
The delivery drone segment in India is growing at a CAGR of 50.4%, faster than China (42.9%), Japan (46.1%), and the US (39.4%).
Skye Air Mobility's net revenue grew from ₹1.6 Cr in FY24 to ~₹3.3 Cr in FY25, and the company expects a similar growth rate in FY26.

Skye Air Mobility is a drone tech company that offers last-mile B2B deliveries via drones.
It manufactures drones by partnering with an India-based original equipment supplier (OES).
The company operates a fleet of 33 drones and has 60 Skye Pods in Gurugram.
It follows a B2B2C model: it partners with D2C (direct-to-consumer) brands, ecommerce marketplaces, and third-party logistics providers.
Its customers include Freedo, Flipkart, The Bombay Shaving Company, Bluedart, Shiprocket, Frido, Tata 1MG, and Zepto — a total of 12 companies.
The delivery process: a drone picks up packages, sorts them at a drone station, delivers to an apartment building's Skye Pod, and then a walker takes the package to the doorstep with OTP verification.
The company focuses on tech parks and gated societies for last-mile delivery.
Commercial operations began in 2023.

Expand to Noida, Greater Noida, Faridabad, and other parts of Delhi.
Expand to Bengaluru, Mumbai, Pune, Hyderabad, and Kolkata.
Invest in technology with a focus on physical AI, autonomous drones, Skye UTM airspace management, and AI-powered ground robotics.

Product: Autonomous drones with AI-powered flight systems and intelligent airspace management for last-mile delivery
Customers: E-commerce platforms, pharmaceutical companies and enterprises requiring last-mile delivery services
How it makes money: B2B logistics platform charging per delivery with network of autonomous drones and ground support
What sets it apart: Network-driven delivery architecture with hub-pod-walker system designed for Indian urban environments