The ePlane Co. Asset Profile

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Year established

2019

Location

Chennai Tamil Nadu India

Primary Industry

Aerospace

About

Founded in 2019 and based in Chennai, India, Ubifly Technologies Private Limited, trading under the name The ePlane Co., operates as an aerial mobility company for urban traveling. The firm was co-founded by the CEO Mr. Pranjal Mehta and Mr. Satyanarayanan Chakravarthy. In November 2024, Ubifly Technologies Private Limited raised USD 14 million in series B funding co-led by new investor Antares Ventures and returning investor Speciale Invest, with participation from other returning investors Anicut Capital LLP, Java Capital, and Micelio Mobility Private Limited. New investors Homage Ventures, Redstart Labs, and Samarthya Investment Advisors also participated in the round. The ePlane Company (TEC) develops electric planes and unmanned aerial vehicles for short-range intracity travel. the firm's technology is for regional aerial transportation that strengthens engine planes and electric drones. The firm plans to use its series B funding in November 2024 to support its development and growth strategies.

Current Investors

Centre for Innovation, Incubation and Entrepreneurship, Speciale Invest, First Cheque

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Primary Industry

Aerospace

Sub Industries

Aerospace

Website

www.eplaine.ai

Verticals

Artificial Intelligence

Company Stage

Series B

Total Amount Raised

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