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

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