Mentioned:
Drone delivery is on the verge of going to the next level in India. And Arrive AI is behind it.
What’s happening:
- Arrive AI (NASDAQ: ARAI) has formed a new partnership with drone delivery company Skye Air to roll out autonomous deliveries of packages within India
Why it matters:
- This is the first major deal Arrive AI has ever done to deploy their smart mailboxes in India
Going deeper:
- Arrive AI and Skye Air will initially roll out 60 of Arrive AI’s Arrive Point smart mailboxes in Gurugram, India and have publicly stated they plan to eventually launch more than 500 individual Arrive Point smart mailboxes throughout the country
- Arrive AI has also been aggressively rolling out pilot projects for their smart mailbox technology in the United States, including notable partnerships with McDonalds, UberEats and even the United States Postal Service
The intrigue:
- Drone delivery technology also continues to be a major theme in the public markets, with Walmart (NYSE: WMT) and Wing just recently launching the largest ever expansion of drone delivery into major cities throughout America
