About The ePlane
The ePlane is a company based in Chennai (India) founded in 2019 by Satya Chakravarthy. The ePlane has raised $21.49 million across 8 funding rounds from investors including Info Edge, Angel List and Infinyte Club. The company has 70 employees as of July 11, 2024. The ePlane offers products and services including e200x. The ePlane operates in a competitive market with competitors including Sarla Aviation, BluJ Aero, Bee Flights, Leap Aeronautics and VTOL Aviation, among others.
- Headquarter Chennai, India
- Employees 70 as on 11 Jul, 2024
- Founders Satya Chakravarthy
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsAerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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- Legal Name Ubifly Technologies Private Limited
- Date of Incorporation 28 Feb, 2019
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$51.31 K (USD)129.35as on Mar 31, 2023
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Net Profit
-$1.6 M (USD)-189.81as on Mar 31, 2023
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EBITDA
-$1.55 M (USD)-192.55as on Mar 31, 2023
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Total Equity Funding
$21.49 M (USD)
in 8 rounds
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Latest Funding Round
$14 M (USD), Series B
Oct 29, 2024
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Investors
Info Edge
& 66 more
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Employee Count
70
as on Jul 11, 2024
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Products & Services of The ePlane
The ePlane offers a comprehensive portfolio of products and services, including e200x.
Provides aerial commuting for passengers and cargo with vertical take-off capabilities
Funding Insights of The ePlane
The ePlane has successfully raised a total of $21.49M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $14 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series B — $14.0M
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First Round
First Round
(27 Nov 2020)
- Investors Count 67
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series B - The ePlane | Valuation | Speciale Invest , Antares Ventures | |
| Jun, 2024 | Amount | Series B - The ePlane | Valuation |
investors |
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| Apr, 2023 | Amount | Angel Round - The ePlane | Valuation |
investors |
Investors in The ePlane
The ePlane has secured backing from 67 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Info Edge, Angel List and Infinyte Club.
| Investor | Description | Founded Year | Domain | Location |
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Investing in deep tech startups with a focus on early-stage innovations in technology and engineering.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Seed fund VC firm investing in EV ecosystem
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Founded Year | Domain | Location |
Investments & Acquisitions by The ePlane
Financial Statements - The ePlane
The Eplane Comparisons
Competitors of The ePlane
The ePlane operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sarla Aviation, BluJ Aero, Bee Flights, Leap Aeronautics and VTOL Aviation, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
eVTOL aircraft are developed for mass transportation purposes.
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| domain | founded_year | HQ Location |
Vertical take-off and landing aircraft are designed and manufactured.
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| domain | founded_year | HQ Location |
e-VTOL aircraft are designed and developed for vertical operations.
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| domain | founded_year | HQ Location |
Electric aircraft development is pursued by Leap Aeronautics in India.
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| domain | founded_year | HQ Location |
VTOL aircraft with electric and hybrid propulsion systems are provided.
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Frequently Asked Questions about The ePlane
The ePlane was founded in 2019 and raised its 1st funding round 1 year after it was founded.
The ePlane is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
The ePlane is a funded company, having raised a total of $21.49M across 8 funding rounds to date. The company's 1st funding round was a Angel Round of $100.25K, raised on Nov 27, 2020.
As of Jul 11, 2024, the latest employee count at The ePlane is 70.
Annual revenue of The ePlane is $51.31K as on Mar 31, 2023.
The ePlane was founded in 2019 in Chennai, India, within the aerospace sector focused on urban air mobility. Electric vertical takeoff and landing aircraft are designed and manufactured for intra-city passenger and cargo transport. Traffic congestion is addressed through aerial solutions that emphasize speed, reduced noise, and sustainability. Operations center on creating reliable systems for short-distance urban flights, with safety protocols integrated throughout development.
The ePlane's top competitors include Sarla Aviation, BluJ Aero and Leap Aeronautics.
The ePlane offers e200x.
The ePlane has 67 investors. Key investors include Info Edge, Angel List, Infinyte Club, LetsVenture, and 3one4 Capital.
The valuation of The ePlane is $19M as of Apr 2023.