Antares Ventures is thrilled to announce that it has co-led a $14 million Series B funding round for The ePlane Company, India’s leader in electric vertical takeoff and landing (eVTOL) technology, alongside Speciale Invest. This investment marks a significant milestone in ePlane’s mission to revolutionize urban mobility with cutting-edge, sustainable aerial transport solutions.
Antares Ventures focuses on transformative deep-tech ventures that address critical challenges in Asia’s growth markets. ePlane’s vision of developing efficient, sustainable urban mobility solutions aligns perfectly with this commitment to supporting innovation that drives sustainability and progress. The ePlane Company’s pioneering eVTOL technology holds the potential to redefine urban transport and logistics, not only in India but across Asia and beyond.
The Series B funding will support ePlane as it takes critical steps toward its next phase of growth:
1. Expanding the commercialization of its drone and cargo eVTOL aircraft
2. Accelerating the development and launch of manned aircraft in India
3. Pursuing global regulatory certifications for international expansion
4. Upgrading its state-of-the-art prototyping and testing facilities to meet global eVTOL standards
Michael Gryseels, Founder and Managing Partner at Antares Ventures, said,
“ePlane’s commitment to innovation, sustainability, and technology-driven solutions positions them at the forefront of the eVTOL sector in Asia. We’re excited to collaborate with Satya Chakravarthy, the ePlane team, and our fellow investors to accelerate their growth and transform urban mobility. We are committed to supporting their next phase of growth as they commercialize their technology and make aerial transport and logistics a reality.”
Satya Chakravarthy, Founder and CEO of ePlane, added,
“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.”
Founded in 2019 by Professor Satya Chakravarthy and incubated at IIT Madras, ePlane aims to revolutionize urban transportation with a focus on creating compact, lightweight, and sustainable eVTOL aircraft. The company is developing the e200x—an eVTOL aircraft designed to provide up to 7x faster intra-city commutes and cargo transport, drastically reducing traffic congestion in urban centers.
With this new investment, ePlane is on track to meet its ambitious goals and continue to shape the future of urban air mobility in India and beyond.
About The ePlane Company
The ePlane Company is an innovator in the field of electric vertical takeoff and landing (eVTOL) aircraft. The company is dedicated to creating sustainable, compact, and tech-driven solutions for urban mobility, focusing on improving intra-city transport and logistics. Founded and incubated at IIT Madras, ePlane is leading the charge toward a future of efficient, green aerial mobility.
To learn more about this announcement and ePlane’s innovative eVTOL, visit The ePlane Company’s website.
