The ePlane Company has raised $14 million in a Series B fundraising round led by Antares Ventures and Speciale Invest.
The funding will be used for the development and certification of ePlane's manned aircraft and to expand and commercialize ePlane drone technology.
ePlane aims to transform urban transportation by developing small, light, and sustainable urban mobility solutions, including the e200x eVTOL aircraft.
The Chennai-based company was founded by Professor Satya Chakravarthy and is focused on reducing traffic congestion in metropolitan areas.