 "Pranjal Mehta, Prof. Satya Chakravarthy, The ePlane Company")
IIT Madras incubated start-up, The ePlane Company, which makes electric aircraft for door-to-door commute in cities has raised an undisclosed round of financing in seed funding.
The investment was led by deep-tech VC Speciale Invest and has participation from IIM Ahmedabad’s CIIE.CO, FirstCheque, JavaCapital, and Sharechat co-founder Farid Ahsan. The fresh round of financing will allow the firm to build critical infrastructure and a world class engineering team to develop IP and show early product demonstrations by 2021.
The company was founded in 2017 and fully launched in 2019 by Prof Satya Chakravarthy and Pranjal Mehta to break open inefficiencies
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