SkyDrive fundingFlying Car and Cargo Drone Developer SkyDrive Raises 9.6B Yen (currently $66,432,000 USD) in Series C Funding Round

by DRONELIFE Staff Writer Ian M. Crosby

Japanese flying car and cargo drone developer SkyDrive Inc. announced its acquisition of 9.6 billion yen in its Series C funding round, bringing the company’s total to roughly 14.7 billion yen.

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The round was conducted through a third-party allotment of new shares and bank loans to 13 companies. The company is currently developing the two-seated SkyDrive SD-05, with the goal of launching an air taxi service in the Osaka Bay area during the Osaka Expo in 2025.

“Since the completion of Round B Financing two years ago, the world has seen a dramatic increase in the movement toward the full-scale realization of New Air Mobility including business drones, and SkyDrive has also been promoting the full-scale launch of its cargo drone business and the development of its commercial…