Latest news with #SkyeAir
Yahoo
30-06-2025
- Business
- Yahoo
Arrive AI Teams With Skye Air to Accelerate Drone Delivery in India
One mailbox-as-a-service provider is headed from Indiana to India. Indianapolis-headquartered Arrive AI announced it has teamed with India's Skye Air to bring more robust drone delivery access to the country. More from Sourcing Journal Walmart Plans to Bring 100K New Indian Small Businesses Online H&M Foundation-backed Circularity Initiative Expands in India Shein Reportedly Making Plans With Reliance to Export India-Made Goods Arrive AI, which recently went public on the Nasdaq, offers mailbox-as-a-service technology. That is to say, the company makes and licenses delivery points, called Arrive Points, that resemble a mailbox—but are designed to receive shipments from drones, autonomous vehicles and robots. Skye Air, headquartered in India, delivers e-commerce orders via drone in as little as seven minutes. According to the company, its drones are equipped to handle parcels that weigh up to 110 pounds, and it makes about 6,000 deliveries a day in Gurugram, India. The companies will work together to develop Arrive Points suited to meet Skye's specs for delivery, then expand that technology throughout the country. Dan O'Toole, Arrive's founder and CEO, said his company plans to deploy between 20 and 40 Arrive Points in India in 2025, though the partnership aims to stand up 500 mailboxes across India in the coming years. O'Toole and team monitor new Arrive Points for consumer understanding, as well as accessibility for autonomous delivery. From there, they consistently tweak the technology, which is why the company has chosen not to deploy 500 Arrive Points simultaneously. 'Our product is still in its infancy, and we are not getting ahead of ourselves and producing a ton of them because they're going to be very quickly outdated and obsolete,' O'Toole told Sourcing Journal. 'We want to take the learnings of the small batches and re-engineer those into the next units. We're always evolving.' Skye will also need to scale its technology; while it currently makes deliveries in one city, it has aspirations to serve the greater New Delhi area, which has a population of about 33 million people. For O'Toole, the prospect of serving a densely populated area with fewer drone-related regulations than other geographies—like the United States—has proven an exciting challenge. And Ankit Kumar, founder and CEO of Skye Air, said as the company prepares to scale its operations to other areas in India, falling into sync with Arrive makes perfect sense. 'Our partnership with Arrive AI couldn't have come at a time better than this, when we are scaling up operations and expanding to newer cities such as Bengaluru,' Kumar said in a statement. 'Together with Arrive AI's state-of-the-art product, we are certain to dominate the infrastructure access points. It will make the entire process so much better. We can't wait to get these units in the field.' In the U.S., major e-commerce players like Amazon and Walmart have shown a consistent interest in drone delivery. But today, those companies typically ask their consumers to pinpoint a delivery spot, like the center of their backyard or driveway; while that may work well in more suburban areas, it makes scaling in major metropolitan areas a difficult prospect. O'Toole said Arrive's technology complements the growth of drones and other autonomous delivery methods quite nicely—and ensures parcels are secure. He anticipates that, as drone delivery continues to rise, theft will surge if packages go unprotected at length. 'If you have this whole new industry of autonomous delivery, you're going to have a whole new industry of autonomous delivery theft,' he said. '[Arrive] is allowing you to go about your normal day with peace of mind that what you have coming is going to be delivered safely and securely.' Arrive Points have several different configurations; for commercial use, the company deploys units that are 56 inches tall by 24 inches wide; for residential use cases, it uses units that are 41 inches tall by 24 inches wide. Because parcels vary in size and weight, Arrive couldn't provide an estimate on how many packages fit in an Arrive Point simultaneously. O'Toole said he first had the idea for Arrive Points 11 years ago, and has held several U.S. patents for the technology since that point. The company went public on the Nasdaq on May 15. The founder said, for him, trading publicly is just the beginning of a new chapter. 'A lot of people would view that as the culmination of the dream, but the reality is, that's the beginning of the dream—getting to the public markets anda access to that capital is the igniter we need to get to the next level,' he said. Now, he's working to secure patents in 58 countries for further global expansion, well beyond India. In the next 60 days, Arrive plans to add 40 roles to its workforce. O'Toole has long believed in the power of autonomous delivery, but the partnership with Skye reinforces its potential prowess, particularly in large e-commerce markets like India. He believes that, because Arrive was an early mover on complementary technology for drones and autonomous delivery, the company has the chops to compete and innovate in a meaningful way for the market. 'Drones are happening. The cool thing for us is, we're iterating shoulder to shoulder with the biggest market cap companies in the world,' he said. 'I always view the drones and the robots and the unmanned vehicles as commodities, and I view [Arrive] as…the center of that delivery universe, where every shipment will start and end.'
Yahoo
30-06-2025
- Business
- Yahoo
India Eyes Top Spot in Global Apparel Race. Can It Topple Bangladesh and Vietnam?
After years of trailing its regional rivals in apparel exports, India is upping its by a series of factors—not least the geopolitics of the region and the specter of Trump's tariffs, which have initially outlined big penalties for Vietnam and Bangladesh—India is prepping for a speedier ascent to the top of the apparel sourcing heap. Both Vietnam and Bangladesh have been vying for the spot of the second-largest apparel exporter in the world after China, and while India has flailed in past years, there appears to be new momentum in recent question is clear in both political and manufacturing circles: Can India be the next big sourcing hub?The numbers support some optimism: apparel exports were up 11.3 percent year-on-year in May. Industry insiders are now talking about an 18-percent growth target for this year. More from Sourcing Journal Arrive AI Teams With Skye Air to Accelerate Drone Delivery in India Walmart Plans to Bring 100K New Indian Small Businesses Online H&M Foundation-backed Circularity Initiative Expands in India Discussions around capacity building have yet to materialize at the ground level, although many factory owners told Sourcing Journal they were running at 80 to 90 percent capacity—a welcome change from previous years when growth remained steady or past few years have been tough for India. Total textile and apparel exports declined from $44.4 billion in fiscal year 2022 to $35.8 billion in fiscal year 2024 (ending March 31), due to weak global demand and elevated production costs. In fiscal year 2025, India's textile and apparel exports rose by 6.3 percent to reach $36.6 billion. Apparel exports alone saw a 10-percent increase, while textile exports grew by 3.61 Bangladesh crossed the $38.43-billion mark in its 2024 fiscal year (ending June 30, 2024), Vietnam crossed $44 billion in calendar year 2024. Bangladesh's apparel exports totaled $36.56 billion between July 2024 and May 2025, marking a 10.2-percent increase compared to the same period the previous the lower baseline, India's stakeholders believe the structural changes underway offer a path to rapid have changed substantially in recent months. Bangladesh's political situation has been unstable since former Prime Minister Sheikh Hasina was ousted in student-led protests. The powerful Bangladesh Garment Manufacturers and Exporters Association (BGMEA) was dissolved and has only recently reassembled under new leadership on June 16. It now faces the specter of 37-percent tariffs by the Trump administration, a spat with India over border and trade issues affecting yarn and textile availability in Bangladesh, and new limits to its consumer access in elections announced for the first half of April 2026 still leave a window of doubt for global brands regarding regulatory processes that the next government may introduce, although the general feeling is that with apparel comprising 80 percent of Bangladesh's total exports, the sector will likely remain a national Vietnam, with its strong foothold in the industry, has been facing headwinds due to the prospect of a 46-percent tariff by the Trump administration—clearly aimed at curbing the China-to-Vietnam trade route. India's 27-percent tariff appears to be a major advantage, given that scenario.A recent report by equity brokerage house Systematix noted that India stood to benefit from evolving global trade dynamics, including U.S. tariff-driven diversification, compliance pressures from the European Union, and advantages from the free trade agreement with the United Kingdom.'With the U.K. eliminating 8 to 10 percent apparel import duties under the newly ratified FTA, India is gaining share in both basic and value-added apparel categories,' the report noted. 'Simultaneously, ongoing US-China trade tensions and elevated production costs in Vietnam and Bangladesh are prompting global brands to re-evaluate supplier bases. These factors provide a structural tailwind for Indian exporters, particularly those positioned in woven garments, home textiles, and sustainable apparel.' 'There is a general sense of optimism and a sense that India is going to benefit,' Pratik Tholiya, equity research analyst at Systematix Group, told Sourcing Journal. 'Everyone is waiting to see how the U.S. tariff situation turns out, and how much this will help India be on par with the tax advantages that Bangladesh and Vietnam have had in past years.' Yet, change on the ground remains slow. 'Actions are not quite in line with the words,' he observed, noting that the industry is watching closely for the 90-day window prescribed by President Trump to close before scrambling to add capacity. 'Given that the advantage to India remains, the real benefits will only start coming in from 2026,' he said, estimating an eight- to nine-month window for capacity building, followed by a few more months for production to Chatterjee, secretary general of the Confederation of Indian Textile Industry (CITI) shared the view that optimism was a big factor spurring the industry.'There is a great, loud echo of the sentiment from every angle,' she told Sourcing Journal. 'In the past there have been a lot of capacity utilization issues, and it is true that there have been gaps in the growth of capacity building.' She said that it was unclear how to read the sentiment as the situation continued to be in flux. 'In general, if the demand is sustained, the industry will be able to deliver. But if it is as ad hoc as it has been in the last few years, then it will need a big push, and a lot of that will also have to come from the policy side.' The Indian government has rolled out a string of initiatives aimed at scaling up infrastructure and boosting exports. Under the Production Linked Incentive (PLI) scheme, 106.83 billion rupees ($1.3 billion) has been earmarked to support companies investing in MMF and technical textiles. Additionally, the government is developing seven mega textile parks under the PM MITRA scheme. These parks will house integrated value chains with access to power, water, testing labs, and worker housing—helping Indian manufacturers overcome one of their biggest hurdles: fragmentation.'The apparel exports will see faster growth than textiles,' Chatterjee noted, adding that inventory turnover is higher in apparel. Policymakers have also been showcasing these initiatives, including at Bharat Tex, held in New Delhi earlier this year as a showcase for India's capacity. 'The good news is that if apparel exports grow, so will textiles,' she said.'The UK FTA is a game changer,' she added unequivocally, pointing out that it was the first FTA with a country to which India exports a substantial volume—approximately 7 to 8 percent of its of the biggest disadvantages India faces is the absence of comprehensive free trade agreements, but these are now being seen as a beacon of hope. Negotiations for an India-European Union (EU) free trade agreement are back on, and much is riding on their success. Industry heads said that if the deal comes through, it could ease the burden of high tariffs—currently at 9.6 percent—on apparel shipped to Europe, making Indian goods more competitive than those from neighboring countries that already benefit from tariff preferences. Both Vietnam and Bangladesh enjoy preferential trade terms under the EU's EVFTA and EBA agreements, respectively. Policymakers said that they were making progress. 'India's textile industry has been historically decentralized. With PM MITRA, we are aiming to consolidate and create scale that can rival Vietnam or Bangladesh,' said a senior official at the Ministry of Textiles. Last week in London, commerce minister Piyush Goyal highlighted at the India Global Forum that the India‑UK Free Trade Agreement would provide 'stability and predictability' for businesses, boost confidence to invest, and lead to a 'good marriage' expected to double bilateral trade within five years. He praised the FTA for fostering resilient supply chains, complementing economies, unlocking innovation, and enabling joint ventures—while also ensuring protections like social‑security parity for temporary workers. The mood of optimism also rests on other factors, including what Indian manufacturers have characterized over the past few months as a 'perceptible shift in buying patterns.' 'Priorities have shifted,' said one manufacturer in the southern town of Tirupur, who asked not to be named. 'The brands still focus on costs, but in many cases they are prioritizing reliability, sustainability, and proximity to raw materials,' he said. 'Finally, the advantage that India has long had—of a vertically integrated textile value chain, from cotton farming to spinning and stitching—is being recognized.' While listing the extent of vertical integration that helps the industry, he added quietly, but with some satisfaction: 'It is also a logistical advantage that both Vietnam and Bangladesh often lack.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
26-06-2025
- Business
- Time of India
India to see rollout of AI-powered drone infrastructure in Skye Air, Arrive AI Pact
Arrive AI , a leader in autonomous delivery networks , has announced a major international partnership with Skye Air Mobility , India's top hyperlocal drone delivery platform. This collaboration aims to scale secure, automated delivery solutions across India, one of the fastest-growing markets for drone technology. Skye Air currently offers 7-minute drone delivery to customers in Gurugram, part of NCR (National Capital Region) of Delhi and Bengaluru (Karnataka), making about 6,000 deliveries per day. The partnership entails co-developing mailboxes and installing across the country. Arrive AI shall begin from the initial 60 units being placed in Gurugram followed by other cities as per Skye Air's expansion plan. Both companies expect to have 500 Arrive Points across Skye Air's service areas in the future, serving a New Delhi population exceeding 33 million. 'The population density and scalability opportunity – along with huge demand for drone delivery from Indian consumers and governmental policies that encourage drone delivery – creates an unparalleled chance for us to showcase the transformative power of Arrive AI,' said Arrive AI Founder and CEO, Dan O'Toole. "This isn't just about delivery; it's about establishing a universally trusted custody layer for autonomous logistics and allows us to grow rapidly in a one-billion-plus population country that is already moving fast on autonomy." Arrive AI's industry-first patents underscore its evolution from a "smart mailbox" to a comprehensive autonomous delivery network and platform company. Arrive Points are secure, app-accessible mini cross docks, and offer a significantly elevated level of securitycompared to current delivery points, establishing a crucial trusted custody layer for real-world networks and asynchronous access. Ankit Kumar, Skye Air, Founder & CEO, highlighted the synergy by saying, 'Skye Air is on the forefront of drone delivery technology having built to deliver at scale. The company is already delivering about 200,000 packages on a monthly basis, just in one city. We believe Infrastructure is the most critical piece to scale drone delivery across the country, this is the reason we keep on investing in developing infrastructure. With access of 60-plus residential and commercial complexes in Gurugram, we are poised to shape the future of autonomous deliveries in India.' 'Our partnership with Arrive AI couldn't have come at a time better than this, when we are scaling up operations and expanding to newer cities such as Bengaluru,' he continued. 'Together with Arrive AI's state-of-the-art product, we are certain to dominate the infrastructure access points. It will make the entire process so much better. We can't wait to get these units in the field.' Kiran Paul, who focuses on international business development for Arrive AI, was instrumental in setting up the strategic partnership. "We anticipate that once we are operating in India and demonstrating the advantages Arrive Points offer, other countries looking to a future of increasing demand for quick, secure, drone-based ecommerce solutions will see the advantage of building Arrive Points into their smart city infrastructure plans, " Paul said. Arrive AI expects Arrive Points to be delivered to Skye Air within calendar year 2025. Beyond technological alignment, both companies share a profound commitment to sustainable delivery. Each drone delivery via Skye Air reduces carbon emissions by 520 grams compared to traditional methods, translating to over 2.6 metric tons of carbon dioxide saved monthly. This partnership not only enhances drone capabilities for Skye Air's current fleet of more than 30 drones but also lays crucial groundwork for seamless future integration with ground robotic deliveries.
Miami Herald
24-06-2025
- Business
- Miami Herald
Arrive AI Forges International Partnership, Bringing Secure Delivery to India with Skye Air Mobility
INDIANAPOLIS, IN AND GURUGRAM, INDIA / ACCESS Newswire / June 24, 2025 / Arrive AI (NASDAQ:ARAI) - a pioneering autonomous delivery network anchored by Arrive Points™ - today announced a new global customer: Skye Air Mobility , India's dominant and rapidly expanding hyperlocal delivery platform. This expected partnership marks a pivotal moment, scaling secure, automated delivery solutions across one of the world's most dynamic markets. Skye Air currently offers 7-minute drone delivery to customers in Gurugram, part of NCR (National Capital Region) of Delhi and Bengaluru (Karnataka), making about 6,000 deliveries per day. The partnership entails co-developing mailboxes and installing across the country. Arrive AI shall begin from the initial 60 units being placed in Gurugram followed by other cities as per Skye Air's expansion plan. Both companies expect to have 500 Arrive Points across Skye Air's service areas in the future, serving a New Delhi population exceeding 33 million. "The population density and scalability opportunity - along with huge demand for drone delivery from Indian consumers and governmental policies that encourage drone delivery - creates an unparalleled chance for us to showcase the transformative power of Arrive AI," said Arrive AI Founder and CEO Dan O'Toole. "This isn't just about delivery; it's about establishing a universally trusted custody layer for autonomous logistics and allows us to grow rapidly in a one-billion-plus population country that is already moving fast on autonomy." Arrive AI's industry-first patents underscore its evolution from a "smart mailbox" to a comprehensive autonomous delivery network and platform company. Arrive Points are secure, app-accessible mini cross docks, and offer a significantly elevated level of security compared to current delivery points, establishing a crucial trusted custody layer for real-world networks and asynchronous access. Ankit Kumar, Skye Air, Founder & CEO, highlighted the synergy by saying, "Skye Air is on the forefront of drone delivery technology having built to deliver at scale. The company is already delivering about 200,000 packages on a monthly basis, just in one city. We believe Infrastructure is the most critical piece to scale drone delivery across the country, this is the reason we keep on investing in developing infrastructure. With access of 60-plus residential and commercial complexes in Gurugram, we are poised to shape the future of autonomous deliveries in India." "Our partnership with Arrive AI couldn't have come at a time better than this, when we are scaling up operations and expanding to newer cities such as Bengaluru," he continued. "Together with Arrive AI's state-of-the-art product, we are certain to dominate the infrastructure access points. It will make the entire process so much better. We can't wait to get these units in the field." Kiran Paul, who focuses on international business development for Arrive AI, was instrumental in setting up the strategic partnership. "We anticipate that once we are operating in India and demonstrating the advantages Arrive Points offer, other countries looking to a future of increasing demand for quick, secure, drone-based ecommerce solutions will see the advantage of building Arrive Points into their smart city infrastructure plans, " Paul said. Arrive AI expects Arrive Points to be delivered to Skye Air within calendar year 2025. Beyond technological alignment, both companies share a profound commitment to sustainable delivery. Each drone delivery via Skye Air reduces carbon emissions by 520 grams compared to traditional methods, translating to over 2.6 metric tons of carbon dioxide saved monthly. This partnership not only enhances drone capabilities for Skye Air's current fleet of more than 30 drones but also lays crucial groundwork for seamless future integration with ground robotic deliveries. -30- About Arrive AI: Arrive AI's patented last mile platform enables autonomous and human mail delivery to and from a physical hub, while providing tracking data, smart logistics alerts and advanced chain-of-custody controls to secure the last-mile delivery for all shippers, delivery services and autonomous delivery networks. Arrive AI makes the exchange of goods between people, robots, and drones frictionless, efficient, and convenient through artificial intelligence, autonomous technology, and interoperability with smart devices including doorbells, lighting and security systems. Learn more details about company patents here. See videos of the smart mailbox in action here. Media contact: Cheryl Reed at media@ Investor Relations Contact: Alliance Advisors IR at About Skye Air: Skye Air is India's fastest hyperlocal drone delivery network, pioneering last-mile logistics with its proprietary Drone and Skye UTM platform. With a focus on healthcare, e-commerce, quick commerce, and agri-commodity deliveries, Skye Air is at the forefront of sustainable, technology-driven logistics solutions. Driven by a mission deeply rooted in service to the nation, Skye Air pioneers' drone-based last-mile delivery solutions that not only propel the logistics industry forward but also foster economic prosperity and accessibility nationwide. Positioned as a cornerstone of India's evolving delivery ecosystem, Skye Air's initiatives unlock opportunities and transform lives for millions of Indians. For more information, visit Cautionary Note Regarding Forward Looking Statements This news release and statements of Arrive AI's management in connection with this news release or related events contain or may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements related to the closing, and the anticipated benefits to the Company, of the private placement described herein) related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "potential", "will", "should", "could", "would", "optimistic" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors which may be beyond our control. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Potential investors should review Arrive AI's Registration Statement for more complete information, including the risk factors that may affect future results, which are available for review at . Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. SOURCE: Arrive AI Inc.
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Business Standard
09-05-2025
- Business Standard
Gurugram bans drones, kites, fireworks till July citing security risks
Citing security concerns for the general public, the district magistrate's office of Gurugram on Friday issued a notification prohibiting the use of drones, Chinese microlights, hot air balloons, kites, and firecrackers, among other items. According to the notification, the order will remain in force from midnight on Friday (9 May) until 7 July 2025. It was signed by Ajay Kumar, the district magistrate of Gurugram. 'Whereas, keeping in view the present scenario arising from the Pahalgam attack on 22-04-2025 in Jammu and Kashmir and security aspects of the general public, there is an imminent threat of the use of explosive substances, drones, microlight aircraft, gliders/power gliders, hot air balloons, kite flying, and Chinese microlights by anti-social elements and terrorist organisations in District Gurugram,' the notification stated. It also prohibited the use of fireworks and firecrackers during any celebration, adding that they can create panic among the general public. The administration said that the step has been taken to prevent public unrest and maintain law and order. It warned that violations of the order may result in legal action. 'Any breach of this order would invite action under Section 223 of the Bharatiya Nyaya Sanhita, 2023, and other relevant provisions of law,' the notification said. The development is likely to impact operations of companies such as Skye Air, which is currently conducting package deliveries via drones in the region. In an earlier interaction, Ankit Kumar, chief executive officer of Skye Air, said the company is serving 70 residential societies across 28 pin codes in Gurugram.
