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Cyient 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.
Rising urbanization, growing population, and an e-commerce boom necessitate a modern, safe, and affordable mode of transportation for people and goods. Urban Air Mobility (UAM) offers seamless, secure, and rapid transportation, helping to mitigate current and future challenges faced in urban areas.
It has the potential to revolutionize the way people and goods are transported within Intra and Inter-cities, providing a faster and more efficient alternative to traditional ground-based transportation. As per current estimates, the UAM aircraft market is expected to grow to around $25-30 billion by 2030.
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