Drone logistics startup Skye Air Mobility has raised $9 million in a Series B funding round led by IAN Alpha Fund, the venture capital arm of IAN Group. The round also saw participation from AVNM Ventures, Faad Capital, Bajaj Capital, and other investors.
The company will use the funding to expand its hyperlocal drone delivery network and strengthen its autonomous logistics infrastructure as it looks to scale operations across major Indian cities.
India’s last-mile logistics market reached $6.5 billion and is projected to grow to $24 billion by 2033, according to IMARC Group. With growing demand for faster and more efficient deliveries, drone-enabled logistics is emerging as a promising solution.
Founded by Ankit Kumar, Skye Air Mobility is building a drone-based delivery network that integrates autonomous drones with airspace management systems and ground-based logistics infrastructure. The company said it has completed more than 3.6 million autonomous deliveries in just over two years, while eliminating over 1,000 tonnes of carbon dioxide emissions.
Its drones are capable of carrying payloads of up to 10 kg, enabling use cases ranging from e-commerce and pharmaceutical deliveries to industrial supply chains.
Ankit Kumar, Founder and CEO, Skye Air Mobility, said in a statement that the capital will go toward deepening the physical AI stack, connecting autonomous drones, intelligent airspace management through Skye UTM, and AI-powered ground robotics into a single seamless delivery chain.
A key component of Skye Air’s system is its network-driven delivery architecture, which combines drones with ground logistics through a hub-pod-walker model designed for dense urban environments. The company also operates Skye UTM, an AI-powered aerial traffic management platform that enables coordinated drone operations across urban airspace.
Rajnish Kapur, Managing Partner, IAN Alpha Fund, added, “Last-mile logistics in India is not just a speed challenge, it is a structural one. The real unlock lies in the infrastructure that enables reliable, scalable autonomous aerial delivery.”
He noted, “With over 3.5 million deliveries completed in two years, the model is already proving itself. India has a real opportunity to set the global benchmark for autonomous logistics infrastructure.”
The company currently works with enterprise customers, including Blue Dart Express, Shiprocket, Flipkart, Tata 1MG, Zepto, and Frido across sectors such as e-commerce, healthcare, and supply chain logistics.
With the new funding, Skye Air plans to expand beyond Delhi-NCR into cities including Bengaluru, Mumbai, Pune, Hyderabad, and Kolkata, while further strengthening its drone operations and autonomous logistics technology.
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