The ePlane Company Raises $14 Million Series B to Accelerate eVTOL Development

Electric aircraft pioneer, The ePlane Company, has secured $14 million in Series B funding, co-led by Speciale Invest and Antares Ventures, with notable investors including Micelio Mobility, Naval Ravikant, Java Capital, Samarthya Investment Advisors, Redstart Ventures (from Naukri), and Anicut. This funding will bolster ePlane’s mission to bring its electric vertical takeoff and landing (eVTOL) technology closer to commercialization, while also achieving global regulatory certifications.

Founded in 2019 by Satya Chakravarthy and incubated at IIT Madras, ePlane is focusing on urban mobility solutions with its flagship e200x eVTOL aircraft. Designed to make urban commuting faster and more sustainable, the e200x promises speeds up to seven times faster than traditional transport, aiming to ease congestion in dense urban areas.

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The fresh capital will support ePlane’s prototyping and testing infrastructure to meet international standards and align with India’s new VTOL certification requirements, recently introduced by the Ministry of Civil Aviation.

This Series B funding follows a $5 million pre-Series A round in early 2022, further solidifying ePlane’s role in India’s urban air mobility landscape. The space is attracting increased attention, with InterGlobe Enterprises and US-based Archer Aviation also planning an electric air taxi service in India by 2026.