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- SkyDrive
SkyDrive Funding, Investors & Competitors
SkyDrive has raised $110M across 4 funding rounds, most recently a $56M Series D in July 2025.
About SkyDrive
SkyDrive is a Japan-based developer of electric vertical takeoff and landing aircraft for urban air mobility. Headquartered in Toyota City, it produces the SD-05 and SD-3 models pursuing type certification from Japan's Civil Aviation Bureau and FAA. The company also manufactures cargo drones and coordinates drone light shows for events. SkyDrive collaborates with Uber Elevate and Japanese municipalities for vertiport infrastructure. Founded in 2018, it conducts flight tests at Chubu Centrair International Airport and targets commercial operations by 2025.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Product sales
SkyDrive Funding History
SkyDrive has raised a total of $110M across 4 funding rounds.
SkyDrive's first fundraising round was a $3M seed round in November 2018. The most recent completed round was a $56M Series D in July 2025.
SkyDrive funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2025 | Series D | MUFG Bank (lead); ITOCHU Technology Ventures; NHK Spring Co; Univance; East Japan Railway; Suzuki Motor; Kyushu Railway; Kansai Electric Power; TOYOTETSU; Obayashi; SuMi TRUST Innovation Fund | $56M | SkyDrive Inc., a Japanese eVTOL aircraft manufacturer, raised ¥8.3 billion (approximately $55-57.5 million) in a Pre-Series D funding round on July 4, 2025, led by MUFG Bank with participation from new investors East Japan Railway Company (JR East), Kyushu Railway Company (JR Kyushu), and Univance Corporation, alongside existing investors including Suzuki Motor Corporation, ITOCHU Technology Ventures, Obayashi Corporation, Kansai Electric Power, NHK Spring Co., Ltd., Toyoda Iron Works (TOYOTETSU), and SuMi TRUST Innovation Investment. This round brings SkyDrive's cumulative funding to over ¥43 billion (more than $285 million). SkyDrive develops electric vertical take-off and landing (eVTOL) aircraft, specifically the three-seat SD-05 model, aimed at revolutionizing urban air mobility by integrating air travel into daily transportation. The company is advancing toward certification by Japan’s Civil Aviation Bureau (JCAB), with ongoing ground and flight testing to support commercialization. Strategic partnerships with railway companies like JR East and JR Kyushu focus on seamless ground-air mobility services. Funds from this round will strengthen engineering and development teams, expand testing infrastructure, and accelerate certification processes for global expansion. SkyDrive reports over 380 preorders across seven countries, highlighting international interest. |
| Aug 2020 | Series B | ITOCHU Technology Ventures; Z Corporation Japan; VeriServe; Sumitomo Mitsui Finance and Leasing; ENEOS Innovation Partners; STRIVE; ITOCHU; Development Bank of Japan; Energy & Environment Investment; Drone Fund; Obayashi; NEC | $37M | - |
| Sep 2019 | Series A | ITOCHU Technology Ventures; STRIVE; Energy & Environment Investment; Drone Fund; Z Corporation | $14M | SkyDrive, a Japan-based flying car developer founded by members of Cartivator Resource Management’s aircraft, drones, and automotive engineers, raised ¥1.5 billion ($13.9 million or approximately $14 million) in a funding round on September 30, 2019. Investors included Drone Fund, Energy & Environment Investment, ITOCHU Technology Ventures, Strive through its third fund, and Z Corporation (Yahoo Japan subsidiary). This round brought SkyDrive’s total funding to approximately $18 million or $18.5 million, following prior investments of $390,000 from Toyota in June 2017 and $2.65 million from Drone Fund in November 2018. The funds supported ongoing unmanned flying vehicle flight tests since December 2018, with plans for manned flight demonstrations by mid-2020 and commercial distribution by 2023. |
| Nov 2018 | Seed | Drone Fund (lead) | $3M | SkyDrive is a Japanese company developing flying cars and cargo drones. Drone Fund participated as an investor in an early funding round around 2018, contributing to SkyDrive's initial capital raise alongside partners like Z Corporation, STRIVE III, ITOCHU Technology Ventures, and Energy & Environment Investment. This financing supported the company's development of world-leading flying vehicle technology and involvement in rulemaking for sky mobility. |
Who has invested in SkyDrive?
22 investors have backed SkyDrive across its funding rounds, including ITOCHU Technology Ventures, Drone Fund, STRIVE, Energy & Environment Investment, Obayashi and ITOCHU.
Lead investors include MUFG Bank and Drone Fund.
SkyDrive Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Sep 2019 | ||
| 3 | Lead | Nov 2018 | ||
| 2 | Participant | Sep 2019 | ||
| 2 | Participant | Sep 2019 | ||
| 2 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Aug 2020 | ||
| 1 | Participant | Jul 2025 | ||
| 1 | Participant | Jul 2025 | ||
This data is available for Pro users. Sign up to see all 22 SkyDrive investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialSkyDrive Competitors
SkyDrive competitors include listed companies like Nanchang Sanrui, SpaceX and BETA Technologies, and private ones like Zero Gravity Aircraft Industry, Agile Space Industries and Relativity Space.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $630M | - | ||
| Publicly listed | $160M | $76M | $5.5B | - | ||
| Publicly listed | $19B | $3.9B | $2.0T | - | ||
| Private | $28M | - | $8B | 285.7x | ||
| Publicly listed | $36M | ($730M) | $5.1B | 87.1x | ||
| Private | - | - | $4.2B | - |
SkyDrive Public Comps
SkyDrive is still privately-owned, but its public comps include SpaceX, GE Aerospace, RTX, Airbus, Rolls-Royce, Safran, Boeing, Lockheed Martin, Parker Hannifin and General Dynamics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19B | $3.9B | 106.0x | - | 503.3x | - | |||
| $46B | $11B | 7.3x | 7.0x | 30.2x | 29.1x | |||
| $89B | $15B | 3.3x | 3.1x | 19.7x | 19.4x | |||
| $85B | $11B | 2.1x | 1.9x | 16.0x | 14.3x | |||
| $28B | $11B | 5.5x | 5.2x | 14.8x | 22.4x | |||
| $36B | $13B | 4.3x | 3.8x | 11.5x | 17.6x | |||
| $89B | $7.4B | 2.0x | 1.9x | 24.7x | 37.2x | |||
| $75B | $8.7B | 1.9x | 1.8x | 16.1x | 13.1x | |||
This data is available for Pro users. Sign up to see all SkyDrive competitors and their valuation data. Start Free Trial | ||||||||
Common questions about SkyDrive
| When was SkyDrive founded? | SkyDrive was founded in 2018. |
| Where is SkyDrive headquartered? | SkyDrive is headquartered in Toyota, Japan. |
| Is SkyDrive publicly listed? | No, SkyDrive is a private, VC-backed company. |
| How much funding has SkyDrive raised? | SkyDrive has raised $110M across 4 funding rounds. |
| What was SkyDrive's last funding round? | SkyDrive's last funding round was a $56M Series D in July 2025, led by MUFG Bank. |
| Who are SkyDrive's investors? | SkyDrive's investors include ITOCHU Technology Ventures, Drone Fund, STRIVE, Energy & Environment Investment, Obayashi, Z Corporation Japan, VeriServe, Sumitomo Mitsui Finance and Leasing, ENEOS Innovation Partners, ITOCHU and 12 others. |
| Which companies are comparable to SkyDrive? | Companies comparable to SkyDrive include Zero Gravity Aircraft Industry, Nanchang Sanrui, SpaceX, Agile Space Industries, BETA Technologies and Relativity Space. |
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