Infinyte Club reposted this
We are thrilled that members of Infinyte Club had the opportunity to participate this round. These are generational shaping companies and Infinyte club is proud to backing such innovative founders :)
We’re thrilled to share that The ePlane Company, an IIT-Madras-incubated venture, has raised $14 million in a Series B funding round led by Speciale Invest and Antares Ventures. 💰 ePlane is pioneering an electric Vertical Takeoff and Landing (eVTOL) aircraft designed to reduce travel times in congested cities. Capable of flying a 14-minute route that would otherwise take an hour by road, the e200 can accommodate three to four passengers and double as an air ambulance, showcasing versatility and adaptability for urban needs. In parallel, ePlane is also advancing the commercialisation of its e6, e50, and e100 drones, capable of carrying payloads from 2 to 50 kg. These models promise new possibilities in urban logistics, from last-mile delivery to industrial transport solutions. ✈️ The funds will fuel recruitment across leadership roles, commercial partnerships for manufacturing, and critical design, assembly, and testing phases for the e200x and other models in their lineup. Over the past year, ePlane has made significant strides in product development, validated critical subsystems, expanded its intellectual property portfolio, and launched key commercialisation efforts. With Phase 2 certification from India’s Directorate General of Civil Aviation complete, ePlane stands as a deep-tech disruptor, bringing sustainable, accessible urban air mobility closer to reality. 🙌 🎊 Satya Chakravarthy