HYDERABAD: Engineering & tech solutions provider Cyient has entered into a memorandum of understanding (MoU) with Japanese electric vertical takeoff and landing (eVTOL) aircraft manufacturer SkyDrive Inc.
As part of the MoU, the two players will be collaborating across product development, engineering, manufacturing and digital services for SkyDrive’s eVTOL aircraft.
The urban air mobility (UAM) market, which is estimated to grow to around $25-30 billion by 2030, offers a seamless, secure and rapid mode of transportation that can help help mitigate the challenges facing urban areas thanks to rising urbanisation, growing population and e-commerce boom, Cyient said on Friday.
It has the potential to revolutionize the intra and inter-city transportation of people and goods by providing a faster and more efficient alternative to traditional ground-based transportation, Cyient added.
“Engineered in India has an immense potential to contribute to the future of UAM globally. By partnering with Cyient, SkyDrive has the opportunity to leverage India’s engineering ecosystem, which is rich in talent, innovation, and technology,” said Cyient founder chairman & board member Dr BVR Mohan Reddy.
“This collaboration will enable SkyDrive to cater to the global UAM market, including India. This commitment not only demonstrates our dedication to our communities and the environment but also positions us as pioneers in driving sustainable mobility,” Reddy added.
“We are pleased to sign the partnership with Cyient to jointly collaborate on advanced technology development for our eVTOL. Cyient is one of India’s leading engineering and technology solution companies with a wide range of business operations around the world, including aerospace/mobility industries,” said Tomohiro Fukuzawa, CEO, SkyDrive.
“By 2030, the UAM sector is poised to transform air mobility globally. Today marks a momentous milestone for us as we proudly become India’s first partner with Japan’s foremost UAM eVTOL manufacturer, SkyDrive. This alliance is a testament to our unwavering dedication to pioneering intelligent engineering solutions for a sustainable, autonomous future of urban air mobility. I look forward to a remarkable journey of collaborative innovation with SkyDrive in the mobility revolution,” said Karthikeyan Natarajan, executive director & CEO, Cyient.
As part of the MoU, the two players will be collaborating across product development, engineering, manufacturing and digital services for SkyDrive’s eVTOL aircraft.
The urban air mobility (UAM) market, which is estimated to grow to around $25-30 billion by 2030, offers a seamless, secure and rapid mode of transportation that can help help mitigate the challenges facing urban areas thanks to rising urbanisation, growing population and e-commerce boom, Cyient said on Friday.
It has the potential to revolutionize the intra and inter-city transportation of people and goods by providing a faster and more efficient alternative to traditional ground-based transportation, Cyient added.
“Engineered in India has an immense potential to contribute to the future of UAM globally. By partnering with Cyient, SkyDrive has the opportunity to leverage India’s engineering ecosystem, which is rich in talent, innovation, and technology,” said Cyient founder chairman & board member Dr BVR Mohan Reddy.
“This collaboration will enable SkyDrive to cater to the global UAM market, including India. This commitment not only demonstrates our dedication to our communities and the environment but also positions us as pioneers in driving sustainable mobility,” Reddy added.
“We are pleased to sign the partnership with Cyient to jointly collaborate on advanced technology development for our eVTOL. Cyient is one of India’s leading engineering and technology solution companies with a wide range of business operations around the world, including aerospace/mobility industries,” said Tomohiro Fukuzawa, CEO, SkyDrive.
“By 2030, the UAM sector is poised to transform air mobility globally. Today marks a momentous milestone for us as we proudly become India’s first partner with Japan’s foremost UAM eVTOL manufacturer, SkyDrive. This alliance is a testament to our unwavering dedication to pioneering intelligent engineering solutions for a sustainable, autonomous future of urban air mobility. I look forward to a remarkable journey of collaborative innovation with SkyDrive in the mobility revolution,” said Karthikeyan Natarajan, executive director & CEO, Cyient.