Home
Loading

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

aVenture is in Alpha: During this preview period, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to provide early access to our data to showcase the product as we build, but you should not yet rely upon it alone for your investment decisions.

Get in touch

  • Contact

  • Request a demo

  • Request data updates

  • Add a company

Research

  • Companies

  • Investors

  • People

aVenture

  • Sitemap

  • Feature requests

Member

Backed by

© aVenture Investment Company, 2026. All rights reserved.

San Francisco, CA, USA

Privacy Policy

aVenture Investment Company ("aVenture") is an independent research platform providing detailed analysis and data on startups, venture capital investments, and key industry individuals. It is not a registered investment adviser, broker-dealer, or investment advisor and does not provide investment advice or recommendations. The data provided by aVenture does not constitute recommendations or advice, whether by methodology, analysis, AI-generated content, or a statement written by a staff member of aVenture.

aVenture is not affiliated with any of the people, companies, organizations, government agencies, regulatory bodies, or investment funds we provide coverage for on this site unless explicitly stated otherwise. Users assume full responsibility for decisions made based on information obtained from this platform. Links to external websites do not imply endorsement or affiliation with aVenture. Any links that provide the ability to invest in a primary or secondary transaction in a company are for convenience only and do not constitute solicitations or offers to buy or sell an investment. Investors should exercise heightened precaution and due diligence when investing in private companies, especially those not independently audited.

While we strive to provide valuable insights with objectivity and professional diligence, we cannot guarantee the accuracy of the information provided on our platform. Before making any investment decisions, you should verify the accuracy of all pertinent details for your decision. To the fullest extent permitted by law, aVenture shall not be liable for any direct, indirect, incidental, consequential, or financial damages arising from use of this site, whether by consumers of its contents directly or by persons or organizations covered by our research, even if we are advised of the possibility. Our best-efforts processes and correction request forms do not create a warranty or duty of care.

Profiles on this platform may include content generated in part by large language models (LLMs, artificial intelligence) that aggregate publicly available sources (e.g., SEC EDGAR, public filings, press releases). Source attribution is provided where known; always verify statements and claims here against original sources before relying on any data. Content on our site may contain inaccuracies, omissions, or what are commonly called 'hallucinations' if generated in part or in full by AI / LLMs. The risk can also exist even when content is written by a human, as internal and third-party sources may also have inaccuracies for the same or different reasons. While we randomly audit a proportion of content, this is not exhaustive.

We recommend that an independent auditor be hired to verify the accuracy of the information before relying on it for any sensitive decisions. By accessing this platform, you agree not to rely solely on any information generated by AI, aggregated, or sourced or written otherwise on this site, for investment, financial, or other decisions. aVenture assumes no responsibility for inaccuracies, omissions, or hallucinations. You must independently verify all data from primary sources. Use of this platform constitutes your waiver of claims for reliance-based damages, including negligent misrepresentation. To report an error, request a correction, or dispute information about a company or individual, contact us via our request data updates form.

Loading
Loading
Home
News
ePlane looks to ride the Indian government’s interest in air taxis with new $14M round

From TechCrunch

By Jagmeet Singh

November 14, 2024

ePlane looks to ride the Indian government’s interest in air taxis with new $14M round

ePlane looks to ride the Indian government’s interest in air taxis with new $14M round

Soaring private vehicle ownership and declining use of public and nonmotorized 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. New Delhi recognizes these challenges and has been exploring new ways to address them quickly.

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 country’s aviation regulator, the Directorate General of Civil Aviation, also recently framed rules for vertiports to set the ground for air taxis.

The ePlane Company is riding this wave.

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. Chakravarthy has a strong pedigree: He is also a co-founder and adviser at Indian space tech startups, including Agnikul and GalaxEye, and at an Indian hyperloop-focused startup, TuTr Hyperloop.

Chakravarthy told TechCrunch that ePlane secured IPs in developing the intra-city commute and cargo-focused aircraft with reasonably slow fly speed and a compact wingspan of 8 meters, unlike typical air taxis with 12- to 16-meter wingspans. That will enable it to land in tighter spaces and make multiple short trips — up to 60 trips a day — on a single charge, he says. Commuters would reduce travel time by as much as 85%, at a cost of less than two times the fare they usually pay on an Uber ride, he claims.

Professor Satya ChakravarthyImage Credits:ePlane Company

Most eVTOL vehicles currently are multicopters similar to commercial drones, including air taxis carrying spokes and vertical rotors. Chakravarthy said that while this configuration is easier to develop and implement in the market, it does not cover longer distances with a single battery charge. ePlane chose a lift-plus-cruise configuration where the vehicle carries a winged architecture just like a typical plane but with vertical rotors similar to a drone.

“This configuration has been proven to actually be very reliable because we have redundancies in terms of the vertical rotors carrying the weight of the aircraft, while wings taken with their share of balancing the weight progressively so that we don’t have a loss of lift during the transition from a vertical takeoff and hover to forward flight,” he said.

The startup has also developed technology called synergistic lift, which uses vertical rotors even in forward flight to make wings compact enough.

Chakravarthy told TechCrunch that ePlane manufactures aircraft components at its IIT Madras facility, including airframe parts and designing seats and propellers. The startup outsources cells but assembles batteries for the aircraft at its facility to manage the aircraft’s center of gravity.

The startup aims to commercialize its electric air taxi in the middle to second half of 2026 after securing the required certifications from the Indian and global authorities and prototyping the aircraft in the first half of 2025, Chakravarthy told TechCrunch.

Ahead of testing the vehicle, ePlane has raised a $14 million Series B round co-led by Speciale Invest and Singapore’s Antares Ventures. The all-equity round also included participation from Micelio Mobility, Naval Ravikant, Java Capital, Samarthya Investment Advisors, Redstart (from Naukri), and Anicut. The round has valued the startup at $46 million post-money — over 2x its previous $21 million valuation.

The fresh capital will help ePlane, which has a workforce of over 100 people, secure global regulatory certifications and boost its commercialization efforts.

India’s success would help ePlane enter other markets, including the Middle East, Southeast Asia, Australia, and Europe.

“We are working with a conviction that going forward, what’s good for India will be good for the world,” Chakravarthy said.

View original article on techcrunch.com

Most Recent

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models for coding.

Jul 17, 2026

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

The potential deal highlights a growing trend of complex, multi-stage funding rounds that mask true entry prices.

Jul 17, 2026

AI-powered travel agency Fora hits unicorn status, raises $60M

AI-powered travel agency Fora hits unicorn status, raises $60M

Travel agency Fora announced a $60 million Series D round led by Forerunner and Tactile Ventures, valuing the company at $1 billion.

Jul 16, 2026

Sheryl Sandberg leads $10 million investment in AI-powered vehicle inspection service

Sheryl Sandberg leads $10 million investment in AI-powered vehicle inspection service

The startup, founded in 2021, lets enterprise customers use smartphones to scan and spot vehicle damage.

Jul 16, 2026

Similar Posts

India, the market BlaBlaCar once walked away from, is now its biggest

India, the market BlaBlaCar once walked away from, is now its biggest

BlaBlaCar is seeing rapid growth in India, with 20 million passengers expected this year — up 50% from last year.

Oct 25, 2025

Beta Technologies unveils first passenger carrying electric aircraft

Beta Technologies unveils first passenger carrying electric aircraft

Beta Technologies unveiled Monday the next electric aircraft in its lineup — a passenger-carrying version of its ALIA vertical takeoff and landing and fixed-wing vehicles. Electric vertical takeoff and landing (eVTOL) vehicles don’t rely on a runway, whereas fixed-wing aircraft do. The Vermont-based startup, which has raised over $860 million in equity to date from heavy hitters like Amazon’s The Climate Pledge, is pursuing electric aviation a little differently, and more discreetly, than other

Sep 30, 2024

AIR lands $23M to bring its eVTOLs to the US

AIR lands $23M to bring its eVTOLs to the US

Israel-based eVTOL startup AIR has raised $23 million to scale production of both its piloted and uncrewed cargo aircraft, and enter the U.S.

Jul 30, 2025

Jeh Aerospace nets $11M to scale the commercial aircraft supply chain in India

Jeh Aerospace nets $11M to scale the commercial aircraft supply chain in India

Indian startup Jeh Aerospace has secured $11 million in a new funding round to help ease global supply chain bottlenecks.

Aug 4, 2025

Most Recent

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models for coding.

Jul 17, 2026

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation

The potential deal highlights a growing trend of complex, multi-stage funding rounds that mask true entry prices.

Jul 17, 2026

AI-powered travel agency Fora hits unicorn status, raises $60M

AI-powered travel agency Fora hits unicorn status, raises $60M

Travel agency Fora announced a $60 million Series D round led by Forerunner and Tactile Ventures, valuing the company at $1 billion.

Jul 16, 2026

Sheryl Sandberg leads $10 million investment in AI-powered vehicle inspection service

Sheryl Sandberg leads $10 million investment in AI-powered vehicle inspection service

The startup, founded in 2021, lets enterprise customers use smartphones to scan and spot vehicle damage.

Jul 16, 2026

Similar Posts

India, the market BlaBlaCar once walked away from, is now its biggest

India, the market BlaBlaCar once walked away from, is now its biggest

BlaBlaCar is seeing rapid growth in India, with 20 million passengers expected this year — up 50% from last year.

Oct 25, 2025

Beta Technologies unveils first passenger carrying electric aircraft

Beta Technologies unveils first passenger carrying electric aircraft

Beta Technologies unveiled Monday the next electric aircraft in its lineup — a passenger-carrying version of its ALIA vertical takeoff and landing and fixed-wing vehicles. Electric vertical takeoff and landing (eVTOL) vehicles don’t rely on a runway, whereas fixed-wing aircraft do. The Vermont-based startup, which has raised over $860 million in equity to date from heavy hitters like Amazon’s The Climate Pledge, is pursuing electric aviation a little differently, and more discreetly, than other

Sep 30, 2024

AIR lands $23M to bring its eVTOLs to the US

AIR lands $23M to bring its eVTOLs to the US

Israel-based eVTOL startup AIR has raised $23 million to scale production of both its piloted and uncrewed cargo aircraft, and enter the U.S.

Jul 30, 2025

Jeh Aerospace nets $11M to scale the commercial aircraft supply chain in India

Jeh Aerospace nets $11M to scale the commercial aircraft supply chain in India

Indian startup Jeh Aerospace has secured $11 million in a new funding round to help ease global supply chain bottlenecks.

Aug 4, 2025