ePlane Company (Series B)
Funding Details
- Awarder
- Inbox
- Date Award
- November 13, 2024
- Vertical
- Transportation
- Funding URL
- View Funding Page
- Premoney Valuation
- $21,000,000
- Valuation
- $46,000,000
- Funding Amount:
- $14,000,000
Company Info
- Founding Year
- 2019
- Traction
- ePlane has a workforce of over 100 people and is preparing to prototype its aircraft in the first half of 2025, aiming for commercialization in 2026.
- Founders
- Satya Chakravarthy
- Company Description
- ePlane Company is developing an electric vertical takeoff and landing (eVTOL) vehicle, the e200x, aimed at intra-city commute and cargo applications. Founded by IIT Madras aerospace engineering professor Satya Chakravarthy, the startup leverages its expertise in aerospace to create a compact and efficient air taxi solution.
- Market
- Air Taxis
- Location
- India
- Coinvestors
- Speciale Invest, Antares Ventures, Micelio Mobility, Naval Ravikant, Java Capital, Samarthya Investment Advisors, Redstart, Anicut