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The Eplane Company Raises $1 Million To Build A Flying Electric Taxi

Mar 02, 2021over 4 years ago

Amount Raised

$1 Million

Round Type

seed

Bengaluru

Description

The funding is expected to help The ePlane Company through the prototype stage of building a flying electric taxi with a range of 200 km and seating capacity of two.

Company Information

Company

The Company

Location

Bengaluru, Karnataka, India

About

Liking this story?yesnoIncubated out of Indian Institute of Technology, Madras, the company was founded by Satya Chakravarthy, a professor of aerospace engineering at the institute, along with Pranjal Mehta, who graduated from IIT Madras in 2019.Together with a team of around 15 engineers, the duo has tested a small-scale unmanned prototype of its flying electric taxi and is on track to build and fly a larger model with a 50 kg payload by mid-2021.ETtechWith a team of around 15 engineers, The ePlane Company has tested a small-scale unmanned prototype of its flying electric taxi and is on track to build and fly a larger model with a 50 kg payload by mid-2021.