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India's Bumble Bee raises $37m to make autonomous air taxis

Bengaluru-based startup plans to launch prototype in April

Morgan Stanley predicts the global urban air mobility market will grow 30% annually between 2021 and 2040, reaching $1.5 trillion by 2040.   © Reuters

NEW DELHI -- Indian air mobility startup Bumble Bee Flights on Tuesday said it has raised $37 million from U.K.-based technology conglomerate SRAM & MRAM Technologies and Resources.

The Bengaluru-based company was founded earlier this year by serial entrepreneur Arjun Das, who previously co-founded video analytics platform Nymo Technologies.

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