Tech Company Financing Transactions
ePlane Funding Round
On 11/13/2024, ePlane raised $14 million in Series B financing from Antares Capital, Speciale Invest and private investors.
Transaction Overview
Company Name
Announced On
11/13/2024
Transaction Type
Venture Equity
Amount
$14,000,000
Round
Series B
Investors
Proceeds Purpose
The fresh capital will help ePlane, which has a workforce of over 100 people, secure global regulatory certifications and boost its commercialization efforts.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
No. 1FA, 1st Floor, IIT Madras Research Park, Kanagam Road,
Chennai, 600113
India
Chennai, 600113
India
Phone
Undisclosed
Website
Email Address
Overview
The ePlane Company, incubated at IIT Madras, aims to revolutionize urban mobility with its all-electric, zero-emission air taxi, designed as one of the most compact eVTOL aircraft. This solution targets mid-mile urban air mobility, addressing congestion and pollution in cities, with potential across the $1+ trillion global UAM market.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
Satya Chakravarthy
VP - Bus. Development
Vipul Bhalla
VP - Engineering
Senthamil Selvan
VP - Product Management
Uday Thyagarajan
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