Overview

Skyways develops unmanned aerial vehicles (UAVs) for efficient delivery of goods, particularly in remote or hard-to-reach areas. Their drones can take off and land almost anywhere, making them suitable for transporting essential supplies like meals, batteries, and medical equipment. Skyways primarily serves military operations, remote industrial sites, and emergency response teams, providing a safe alternative to traditional transportation methods. What sets Skyways apart from competitors is their focus on cost-effective logistics solutions that leverage electric propulsion and advanced energy storage. The company's goal is to fill a critical gap in the logistics sector by offering reliable UAV-based delivery services, especially in challenging environments.

Simplify's Take

What believers are saying

• Skyways signed a contract with the U.S. Navy for prototype development.
• Partnership with Orbital UAV enhances engine efficiency and range.
• Growing demand for UAVs in emergency response boosts Skyways' market potential.

What critics are saying

• Competition from Zipline and Wing may impact market share.
• Reliance on Orbital UAV for engines poses potential supply chain risks.
• Regulatory hurdles could delay UAV deployment timelines.

What makes Skyways unique

• Skyways focuses on UAVs for remote and hazardous environment logistics.
• The company emphasizes full autonomy and large-scale fleet operations.
• Skyways' UAVs can take off and land virtually anywhere.

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Funding

Total Funding

$17M

Meets

Industry Average

Funded Over

2 Rounds

Notable Investors:

Y Combinator

Notable Investors:

Y Combinator

$15,000,000

Series A

Dec 2021

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Meet Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$15M

$30M

View all funding stages