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ePlane looks to ride the Indian government’s interest in air taxis with new $14M round
India's ePlane Company has raised $14 million in a Series B round as it plans to commercialize its air taxi in 2026.
Soaring private vehicle ownership and declining use of public and non-motorized transport have created mounting traffic congestion in India, the world’s most populous country, which also struggles with relatively narrower roads and inadequate parking facilities in cities. Indian Prime Minister Narendra Modi, at an event in September, said that air taxis will soon be a “reality in India,” indicating the government’s interest in supporting the new transportation mode. The startup, founded by IIT Madras aerospace engineering professor Satya Chakravarthy in 2019, is building its electric vertical takeoff and landing (eVTOL) vehicle, the e200x, several months after developing unmanned drones for cargo and camera applications.
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