The ePlane Company Secures $14 Mn In Series B Funding Round

The ePlane Company, a player in India’s electric vertical takeoff and landing (eVTOL) space, raised USD 14 million funding round. This round was co-led by Speciale Invest and Antares Ventures, with continued participation from Micelio Mobility, Naval Ravikant, Java Capital, Samarthya Investment Advisors, Redstart (from Naukri), and Anicut. With this funding, ePlane is poised to become the largest-funded eVTOL player in India.

Satya Chakravarthy, Founder, ePlane, said, “We are incredibly grateful to our investors for their continued support. This funding represents a major milestone for ePlane as we work to redefine urban mobility and lead the charge in India’s eVTOL sector. Our focus on safety, sustainability, and innovation will remain at the core of our strategy, and this investment will enable us to bring aerial mobility closer to reality. With our technological advancements and our committed team, we are paving the way for the future of urban transport.”

The new capital will be pivotal in ePlane’s pursuit of global regulatory certifications and accelerating its commercialization efforts. The funds will primarily support the development and certification of ePlane's manned aircraft, with flight testing planned for mid-2025. In addition to expanding the company’s technical capabilities, the investment will help scale up the commercialization of ePlane’s drone technology through a wholly owned subsidiary. Further, ePlane will enhance its state-of-the-art prototyping and testing facilities to ensure alignment with global eVTOL standards.

Vishesh Rajaram, Managing Partner at Speciale Invest, commented, “ePlane has demonstrated exceptional leadership and innovation in the eVTOL space. Their commitment to solving urban mobility challenges through sustainable, tech-driven solutions is evident, and we’re thrilled to continue backing their vision. As pioneers in this space, ePlane’s impact on reshaping urban transport in India and beyond will be transformative.”

Since its previous funding round, ePlane has made substantial progress in its product development. The company has successfully validated several key subsystems and expanded its intellectual property portfolio. With a strong foundation in place, ePlane is now positioned to scale its innovations for broader commercial use, making strides toward a future where flying vehicles are an integral part of everyday life.