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The ePlane Co announced raising $5 Million

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The ePlane Co announced raising $5 Million
12 Jan 2022
4 min read

News Synopsis

The ePlane Company (TEC) announced raising $5 million in its pre-series A funding round led by deep-tech venture capitalist Speciale Invest and Micelio. Founded in 2017 and launched in 2019, The ePlane Co works in aerospace and focuses on making the most compact flying taxi in the world called e200. 

The company aims to provide its services to the passengers and to the transport that could help in reducing the congestion and roads and lower the risk of road accidents. It has already test flown the lab scale prototype of the e200 and is set to do a prototype test in April 2022.

The co-founder of the ePlane Co, Pranjal Mehta has said that they have always been focused on exploring carbon-neutral mobility solutions with an aim to make electric planes for intra-city transportation.