SkyDrive and Cyient Partner for eVTOL Aircraft Development

SkyDrive and Cyient Sign MoU for Technical Collaboration for eVTOL
Development
TOYOTA, Japan, January 12, 2024 - SkyDrive Inc. (“SkyDrive”), a leading Japanese eVTOL aircraft
(*1) manufacturer based in Japan and Cyient, a global Intelligent Engineering and Technology
Solutions company headquartered in Hyderabad, India, announced today that we have entered
into a memorandum of understanding (MoU) with a joint technical collaboration on our eVTOL
“SKYDRIVE” (*2). This is our first and unique partnership with an Indian engineering company,
which agreed to work across product development, engineering, manufacturing, and digital
services.
Caption: Signing ceremony at Cyient headquarters in Hyderabad between Founder Chairman and Board
Member of Cyient, BVR Reddy, Executive Director & CEO of Cyient, Karthikeyan Natarajan, and SkyDrive
CEO, Tomohiro Fukuzawa
Tomohiro Fukuzawa, CEO of SkyDrive
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 companies with a wide
range of business operations around the world, including in the aerospace industry.
Having Cyient as a partner to create the first eVTOL technical publication manual will take us closer
to the future of the mobility revolution.
BVR Reddy, Founder Chairman and Board Member of Cyient
Engineered in India has an immense potential to contribute to the future of Urban Air Mobility
(UAM) not just in India but globally. This partnership will empower SkyDrive to tap into the
engineering ecosystem of talent and technology available in India through Cyient and serve the
global UAM market, including India. This is also our pledge to our communities and the
environment to be pioneers in shaping a better world for everyone.
Karthikeyan Natarajan, Executive Director & CEO of Cyient
By 2030, Urban Air Mobility (UAM) will be a $23 billion opportunity globally. And I am thrilled to
announce that, we are India’s first partner for Japan’s leading UAM -eVTOL manufacturer, SkyDrive
for the advanced technology development of their eVTOL. This partnership is a testament to our
commitment towards intelligent engineering for an autonomous future. With the possibility for
expansion, this partnership underscores Cyient's dedication to leading the way in urban mobility
innovations in India.
About SkyDrive Inc.
SkyDrive was formally established in July 2018 after testing flying car concepts and prototypes
from 2014 with the mission of “taking the lead in the once-in-a-century mobility revolution.” Its
vision is to create a future where everyone has access to eVTOLs as their daily transportation in
Japan and across the world. The company succeeded in the first crewed eVTOL flight test in Japan
in 2019 and its eVTOL “SKYDRIVE” is in the process of acquiring its Japan Civil Aviation Bureau
(JCAB) certification. SkyDrive has been selected as a company to participate in the Advanced Air
Mobility (AAM) project at Expo 2025 Osaka, Kansai, Japan. SkyDrive plans to begin production of
“SKYDRIVE” in the Spring of 2024 at the plant owned by official production partner Suzuki Motor
Company. SkyDrive is headquartered in Toyota, Aichi Prefecture. Tomohiro Fukuzawa is the CEO of
the company.
For more information, please visit: https://en.skydrive2020.com/
About Cyient
Cyient (Estd: 1991, NSE: CYIENT) partners with over 300 customers, including 40% of the top 100
global innovators, to deliver intelligent engineering and technology solutions for creating a digital,
autonomous, and sustainable future. As a company, Cyient is committed to designing a culturally
inclusive, socially responsible, and environmentally sustainable Tomorrow Together with our
stakeholders.