Indian flying taxi startup ePlane seeks up to $50m funding
- ByStartupStory | February 25, 2026
Indian electric aircraft startup ePlane is seeking to raise US$40-50 million through a funding round that includes equity, convertible instruments, and potential government-backed R&D support, according to sources.
The Chennai-based company, incubated at IIT Madras, has secured board approval for a US$15-20 million convertible tranche to close next month, with plans for additional growth capital depending on its application for the 1 lakh crore rupees (US$11 billion) RDI Fund.
The RDI Fund, launched last November, has only partially activated, with about 300 crore rupees (US$33 million) allocated so far.
ePlane aims to unveil a full-scale prototype of its electric aircraft this year and is developing digital twins of its eVTOL models using Nvidia Omniverse technology.
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