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The ePlane Company (TEC), an aerial mobility solutions provider, on Monday announced raising $5 million in pre-series A funding led by deep-tech venture capitalist Speciale Invest and EV/Climate focussed fund Micelio. A consortium of investors including Naval Ravikant, 3one4 Capital, UTEC (University of Tokyo Edge Capital), Anicut Capital, Infoedge, Prashant Pitti (co-founder of Easemytrip), Thought Ventures, Java Capital, and Firstcheque.vc also participated in the round.
Founded in 2017 and launched in 2019, The ePlane Company is the brainchild of aerospace engineering professor Satya Chakravarthy and his student Pranjal Mehta. The company aspires to build the world's most compact flying taxi, called
