Hyderabad:
Cyient, a global Intelligent Engineering and Technology Solutions company, on Friday announced that it entered into a memorandum of understanding with SkyDrive Inc, a leading Japanese eVTOL aircraft manufacturer.
As per the MoU, both companies have agreed to work in partnership across product development, engineering, manufacturing, and digital services, Hyderabad based Cyient said in a release here.
Urban Air Mobility (UAM) offers seamless, secure, and rapid transportation, helping to mitigate current and future challenges faced in urban areas.
As per current estimates, the UAM aircraft market is expected to grow to around $25-30 billion by 2030.
“Engineered in India has an immense potential to contribute to the future of Urban Air Mobility (UAM) globally.By partnering with Cyient, SkyDrive has the opportunity to leverage India’s engineering ecosystem, which is rich in talent, innovation, and technology. This collaboration will enable SkyDrive to cater to the global Urban Air Mobility (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,” said Dr. BVR Mohan Reddy, Founder Chairman and Board Member, Cyient.
