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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. The urban air mobility (UAM) market, which is estimated to grow to around USD 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.

Cyient shares: The engineering and technology solutions provider talked about Urban Air Mobility (UAM) and its potential to revolutionise transportation of goods inter and intra-cities

India Business News: Engineering & tech solutions provider Cyient has entered into a memorandum of understanding (MoU) with Japanese electric vertical takeoff and landing

This is SkyDrive’s first partnership with an Indian engineering company, which agreed to work across several aspects of the business.