New Delhi-based drone delivery technology startup Skye Air Mobility has raised $1.7 million in a seed funding round led by Chiratae Ventures, along with the participation from Lead Angels, O2 Angels, Agility Ventures, and Lets Venture.

Marquee angel investors, including Rajeev Chitrabhanu, Ankit Nagori, Varun Alagh, Gautam Badalia, and Ayush Lohia, among others, also participated.

Skye Air Mobility currently has a presence in 8 cities where it is working with clients like Flipkart, Dunzo, Swiggy, Redcliffe Labs, Aster Healthcare, Blue Dart, Cure Foods, and others.

With this round of funding, The startup plans to bring greater efficiency to different verticals by allowing faster deliveries, reduce carbon emissions, reduce cost, and increase accessibility to locations. It also plans to expand its presence to 16 cities in the next 24 months.

Skye Air says it has conducted world’s longest BVLOS (Beyond Visual Line of Sight) medicine delivery flight with Flipkart Health of 104 kms between Baruipur and Medinipur in West Bengal delivering medicines reducing the delivery time by over 80% compared to conventional means.

At Skye Air, our core aim is to enable change, bring the much-needed disruption in the first & last mile logistics industry to move faster and more efficiently. Skye Air is proactively working in the healthcare, quick commerce and ecommerce verticals enabling solutions for faster and cost-effective deliveries, and with the new round of funding we aim to make drone delivery as a mainstream solution.”, says Ankit Kumar, CEO, Skye Air Mobility.

Speaking on the investment, Mandeep Julka, Vice President – Investments, Chiratae Ventures, said, “We are excited to partner with Skye Air Mobility to disrupt the first & last mile logistics in an efficient and climate friendly manner, beginning with the Healthcare domain and expanding into other sectors with its logistics and SaaS solutions.”

Source @Indianstartupnews