The ePlane company raises $14M to advance eVTOL development • EVreporter

The ePlane Company has raised $14 million in a Series B funding round, co-led by Antares Ventures and Speciale Invest. This funding will support the company’s efforts to commercialize its electric vertical takeoff and landing (eVTOL) vehicles. The company aims to introduce unmanned aerial vehicles for urban transportation by 2025.

The raised capital will be allocated toward several key objectives, including the expansion of drone and cargo eVTOL commercialization, development and launch of manned aircraft in India, and pursuing regulatory certifications to expand internationally. Additionally, the company plans to enhance its aircraft prototyping and testing capabilities.

Antares Ventures has invested in ePlane as part of its strategy to back deep-tech ventures that address urban mobility challenges in Asia’s markets. Michael Gryseels, Founder and Managing Partner at Antares Ventures, says “We’re excited to collaborate with Satya Chakravarthy, the ePlane team, and the other investors to accelerate their growth journey and shape the future of aerial mobility. This partnership is aligned with Antares’ mission to support visionary deep-tech founders with our relationship network and experience in scaling across Asia.”

Also read: The ePlane Company raises $5M in Pre-Series A | Aims to build a flying taxi