Overview

Skyways creates unmanned aerial vehicles (UAVs) for efficient delivery of goods, particularly in 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. The main clients include military operations, remote industrial sites, and emergency response teams, who benefit from the safe and timely delivery of critical items without putting human lives at risk. Skyways differentiates itself by providing cost-effective logistics solutions that are especially useful in situations where traditional transport methods are impractical or dangerous. The company's goal is to fill a significant gap in the logistics sector by leveraging advancements in electric propulsion and energy storage, positioning itself for future growth in unmanned aviation.

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