StockNews.AI
ARAI
StockNews.AI
56 days

Arrive AI Forges International Partnership, Bringing Secure Delivery to India with Skye Air Mobility

1. Arrive AI partners with Skye Air for drone delivery in India. 2. Initial rollout includes 60 Arrive Points in Gurugram, expanding nationwide. 3. The partnership targets India's high demand for quick, secure deliveries. 4. Skye Air delivers 6,000 packages daily, aiming for substantial growth. 5. Commitment to sustainability: reduced carbon emissions with drone deliveries.

9m saved
Insight
Article

FAQ

Why Bullish?

This partnership significantly expands ARAI's market presence in India's booming delivery sector, enhancing growth potential. Similar partnerships in the past have positively impacted companies focused on tech and logistics.

How important is it?

Given the strategic importance of rapid delivery in a large market, this partnership could lead to significant revenue growth, bolstered by existing infrastructure and technology.

Why Long Term?

With strategic scalability and long-term deployment of infrastructure, ARAI's partnership with Skye Air is expected to yield substantial returns over the next few years.

Related Companies

SKYE
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 [email protected]Investor Relations Contact: Alliance Advisors IR at [email protected]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 www.skyeair.techCautionary Note Regarding Forward Looking StatementsThis 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 www.sec.gov . 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.

Related News