Skye Air Mobility Secures $9M Series B Funding for Drone Delivery Expansion

• Skye Air Mobility raised USD 9 million in a Series B funding round to fuel hyperlocal drone delivery expansion.
• The funding, split into Series B1 ($4M) and B2 ($5M), was led by IAN Alpha Fund with participation from AVNM Ventures, Faad Capital, and Bajaj Capital.
• Capital will be used to deepen its Physical AI stack, connect autonomous drones, intelligent airspace management (Skye UTM), and AI-powered ground robotics.
• India's drone market is projected to reach USD 3.23 billion by 2030, with the delivery drone segment growing at a 50.4% CAGR.
• The company plans to expand operations beyond Delhi-NCR to Bengaluru, Mumbai, Pune, Hyderabad, and Kolkata, serving clients like Blue Dart Express, Flipkart, and Zepto.