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The ePlane Company

The ePlane Company

The ePlane Company builds electric flying taxis for door-to-door commuting in cities.

Aerospace & Defense, Logistics, Mobility / Transportation, DeepTech

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Basic Information

The ePlane Company is a deeptech startup making commuting in cities 10X faster. It is incubated at IIT Madras and is founded by an IITM professor/student duo, Prof Satya Chakravarthy and Pranjal Mehta. Currently it has a 17 member team with expertise across aerospace, electrical, ai and manufacturing. They’re economical, safe, eco-friendly and quiet.

Legal Name

:

Ubifly Technologies Private Limited

Headquarters

:

Chennai, Tamil Nadu, India

Business Model

:

B2C, B2B2C

Founding Date

:

2019

No. of Employees

:

11 to 20

Core Team

:

1.

Satya Chakravarthy

Co-Founder

2.

Pranjal Mehta

Co-Founder

Timeline

2019

Feb | Company Incorporation

Incorporated after almost 2 years of informal existence.

2020

Jul | Raised Funding

Seed round from Speciale Invest.

Revenue Stream

Physical Commerce

Renting / Leasing

Fee-For-Service

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Target Market

B2B

Helicopter taxi service providers across the world.

Client Segment

:

Travel/Hospitality, Mobility / Transportation

Target Companies

:

Small Enterprise, Medium Enterprise

Target Geography

:

B2C

HNIs initially for selling. Upper middle income for service.

User Age

:

26 to 34, 35 to 45, 46 to 60, More than 60

User Income

:

Upper-middle Income, High Income

Location

:

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Funding

Total Funding

$6.0M

Investors

:

1.

Java Capital

2.

Micelio

3.

Speciale Invest

4.

FirstCheque

See More

Detail Round Breakdown

Round 1

Round 2

$1M

Series Name

:

SEED

Date

:

2020

Investors

:

1.

Speciale Invest

Features

The ePlane Company aims to make travel 10X faster with its flying taxis

[Funding alert] Electric aircraft startup The ePlane Company raises $5M led by Speciale Invest & Micelio

[Funding Alert] Aerial mobility startup The ePlane Company raises $1M from Naval Ravikant, Speciale Invest

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The ePlane Company aims to make travel 10X faster with its flying taxis

[Funding alert] Electric aircraft startup The ePlane Company raises $5M led by Speciale Invest & Micelio

[Funding Alert] Aerial mobility startup The ePlane Company raises $1M from Naval Ravikant, Speciale Invest

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