The ePlane Company Plans $40-50 Million Series C Funding to Fuel…

Team S · 2026-02-23T13:49:07.000Z

The ePlane Company, a Chennai-based electric aircraft startup developing AI-enabled vertical take-off and landing (eVTOL) vehicles, is planning to raise between $40 million and $50 million in a Series C funding round to accelerate aircraft development, boost engineering capabilities, and support certification processes as it advances toward commercial operations. The funding round is expected to be co-led by Speciale Invest, a deeptech venture firm, and may include a mix of equity and convertible instruments that provide flexibility for both investors and the company. To date, The ePlane Company has already raised around $20 million from Speciale Invest and other backers, and the new capital infusion is intended to support continued development of its two-seater electric aircraft, enhance R&D with advanced digital simulation tools, strengthen the engineering team, and move closer to regulatory compliance and large-scale manufacturing. Founded in 2019 by Satya Chakravarthy, the firm is building AI-driven electric flying vehicles designed for both passenger and cargo services, including planned applications such as air taxis and air ambulances. The aircraft features vertical take-off and landing capability with a range of about 200 km, aiming to transform urban mobility and emergency services. The company recently signed a deal worth over $1 billion to supply 788 eVTOL air ambulances, further validating its technology and market potential as the electric aviation sector gains momentum globally. The ePlane Company is headquartered in Chennai, India, where it continues to lead development of electric aircraft solutions and position itself within the emerging urban air mobility landscape.

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The ePlane Company Plans $40-50 Million Series C Funding to Fuel… | Newnex