What is ePlane?
Founded by Professor Satya Chakravarthy, ePlane is at the forefront of developing the ePlane e200, an electric vertical take-off and landing (eVTOL) aircraft designed for ultra-fast intra-city commutes and cargo transport. The company's vision is to make flying a ubiquitous mode of transport, offering a solution that is up to 10 times faster than conventional ground transportation. This pursuit places ePlane in the burgeoning field of advanced air mobility and DeepTech innovation, aiming to address urban congestion and logistics challenges with sustainable electric aviation.
How much funding has ePlane raised?
ePlane has raised a total of $19M across 2 funding rounds:
Other Financing Round
$5M
Series B
$14M
Other Financing Round (2022): $5M with participation from Special Invest, 3one4 Capital, University of Tokyo Edge Capital Partners, Micelio, and Naval Ravikant
Series B (2024): $14M led by Micelio Mobility Pvt, Java Capital, Speciale Invest, and Samarthya Investment Advisors
Key Investors in ePlane
Micelio Mobility Pvt
Micelio is a Clean Mobility ecosystem entity in India, established to accelerate the country's transition to sustainable transportation through EV testing, funding, and innovation support. The company collaborates with a diverse range of stakeholders, including startups, MSMEs, corporates, engineers, researchers, and policymakers, to foster dialogues and collaborations within the clean mobility sector.
Java Capital
Java Capital is a leading pre-seed and seed stage fund focused on Deeptech and Climate technology, run by experienced Venture Capitalists with over 30 years of investing experience. The company specializes in supporting visionary founders at the idea and prototype stage to achieve Product-Market Fit and global scalability.
Speciale Invest
Speciale Invest is a venture capital firm that supports visionary founders in the DeepTech and frontier technology sectors. The firm focuses on early-stage investments, providing not only funding but also strategic guidance to help entrepreneurs scale their innovative ideas.
What's next for ePlane?
With the recent Series B financing and a history of securing substantial capital, ePlane is poised for significant scaling and development. The company's focus on creating a compact, electric flying taxi indicates a strategic move towards addressing the last-mile connectivity and urban logistics markets. Future endeavors will likely involve rigorous testing, regulatory approvals, and scaling up manufacturing capabilities to bring the ePlane e200 to market. This substantial backing from strategic investors suggests confidence in ePlane's technological advancements and its potential to disrupt the transportation sector.
See full ePlane company page
