VC Fund Investments
Flying taxis startup ePlane bags $14-M co-led by Speciale Invest, Antares Ventures
Chennai-based ePlane Company , a player in electric vertical takeoff and landing (eVTOL) space, has bagged USD 14 million in a Series B funding round co-led by Speciale Invest and Antares Ventures. Micelio Mobility, Naval Ravikant (AngelList Founder), Homage Ventures (Aditya Ghosh), Java Capital, Samarthya Investment Advisors, Redstart Labs (from Naukri), and Anicut Capita participated in the round.The funds will primarily be used for the development and certification of ePlane’s manned aircraft, with flight testing planned for mid-2025. The investment will also support the commercialisation of ePlane’s drone technology through a wholly-owned subsidiary.Founded by Professor Satya Chakravarthy and incubated at IIT Madras in 2019, ePlane Company focuses on creating compact, lightweight, and sustainable solutions for urban mobility. The firm is developing the e200x, an eVTOL aircraft designed to provide up to 7x faster intra-city commutes and cargo transport, reducing traffic congestion in urban centers.Earlier, the startup had received USD 5.85 million, including USD 5 million in a pre-Series A round led by Speciale Invest and Micelio in 2022.
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