FutureFlight
Pre-Series A Funding Round Boosts India's ePlane eVTOL
The start-up was founded by an aerospace engineering professor and student from the Indian Institute of Technology Madras, and has so far raised almost $6 million.
ePlane e200
Operating in urban areas, the two-seat ePlane e200 aircraft is expected to be able to fly 10 short flights of up to around 10 miles on a single electric charge. (Image: ePlane)

Indian eVTOL aircraft developer ePlane this week reported that it has raised $5 million through a pre-Series A funding round led by seed-stage investors Speciale Invest and Micelio Mobility. According to the Chennai-based start-up, the fresh capital will allow it to build multiple prototypes for its two-seat eVTOL design and begin the type certification process.

Founder Satyanarayanan Chakravarthy told FutureFlight that the ePlane team aims to start flight testing a quarter-scale prototype in March. It wants to start flying a full-scale prototype configured for cargo operations by July.