The ePlane Company
The ePlane Company is a Chennai-based, IIT Madras-incubated eVTOL aircraft developer building the compact, all-electric e200X airframe for air ambulance, passenger air taxi, and urban cargo markets, anchored by a $1 billion MoU with ICATT for 788 aircraft.
- Company typePrivate
- Founded2019
- HeadquartersChennai, India
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What The ePlane Company does
The ePlane Company (legally Ubifly Technologies Private Limited) is a Chennai-based deep-tech startup incubated at IIT Madras that designs and manufactures the e200X, an all-electric, zero-emission vertical take-off and landing (eVTOL) aircraft targeted at mid-mile urban air mobility. The e200X is engineered as a single airframe platform serving three end-markets—passenger air taxi, air ambulance, and urban cargo—using a compact 8m x 10m footprint, 110 km range, 160 kmph speed, and 200 kg payload capacity. Core technology includes a proprietary Synergistic Lift aerodynamic system (patented in 8 countries, with filings pending in 17 more) and in-house developed propeller, airframe, landing gear, and battery systems, achieving 35% higher energy efficiency than alternatives. The company has secured India's first private-sector Design Organisation Approval from DGCA for an electric aircraft, and its propeller Type Certification application is the only such acceptance globally from India's regulator.
Commercially, ePlane operates a B2B enterprise model anchored by a $1 billion MoU with ICATT for 788 air ambulances (the largest initial eVTOL agreement globally) with deliveries planned over 2027-28 onwards. Pricing on aircraft is quote-based at approximately $1.27 million per unit, while future air taxi fares are estimated at Rs 1,700 for a 36 km journey. Go-to-market is direct enterprise sales to healthcare providers and air ambulance operators for the first commercial vertical, with passenger air taxi and urban cargo targeted subsequently across Bengaluru, Chennai, Pune, Mumbai, and Ahmedabad by 2027. Technology partnerships with NVIDIA (digital twin via Omniverse), HENSOLDT (avionics suite), TCS (battery analytics and operations), Dassault Systèmes (3DEXPERIENCE engineering platform), and Ramco Systems (fleet management) form the digital and operational stack supporting certification and commercial readiness.
The company is venture-backed with approximately $21.5 million raised to date across a $5M Pre-Series A (January 2022, led by Speciale Invest and Micelio) and $14M Series B (October 2024), with a $40-50M round in progress and approximately ₹285 crore from India's RDI Fund. It operates from three Chennai locations anchored at IIT Madras, including a 60,000 sq. ft. integrated prototyping and testing facility opened in 2026. Revenue remains pre-commercial with first deliveries targeted for 2027-28, and the production ramp plan targets 80 aircraft by 2028 scaling to 900 annually by 2031-32.
The ePlane Company firmographics
Firmographics- Name
- The ePlane Company
- Legal name
- Ubifly Technologies Private Limited
- Website
- https://eplane.ai
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- The ePlane Company is a Chennai-based, IIT Madras-incubated eVTOL aircraft developer building the compact, all-electric e200X airframe for air ambulance, passenger air taxi, and urban cargo markets, anchored by a $1 billion MoU with ICATT for 788 aircraft.
- Ownership category
- akta.pro rank
The ePlane Company industry classification
Industry- Product category
- Electric Vertical Take-off and Landing (eVTOL) Aircraft
- NAICS
- Aircraft Manufacturing (336411), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511), Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413)
- SIC
- Aircraft & Parts (3720), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Aircraft (3721), Aircraft Parts & Auxiliary Equipment, Nec (3728)
- akta.pro primary industry
- VTOL & Hybrid UAV Platforms (IMABAIAC)
- akta.pro secondary industries
- Air Taxi & Urban Air Mobility (eVTOL) Operators (TLAFAAAD), Electric & Hybrid-Electric Propulsion (eVTOL/Regional) (IMABADAH), Autonomous Flight Control & Guidance Systems (UAS/Urban Air Mobility) (IMABAFAO)
Keywords
Where The ePlane Company is headquartered
LocationHeadquarters
- HQ city
- Chennai
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
The ePlane Company business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Infrastructure, Personnel, Supply Chain, Operations, Marketing or Sales
Revenue model
- Aircraft Sales: Sale of e200X eVTOL aircraft to operators including air ambulance providers, air taxi operators, and cargo carriers. The $1 billion ICATT order for 788 air ambulances represents the primary near-term revenue stream.
- Air Ambulance Services: Commercial air ambulance operations providing emergency medical transport services. Initial commercial application targeting faster medical responses across India's congested cities.
- Air Taxi Operations: Passenger air taxi services for urban commutes. Estimated fare of Rs 1,700 for 36 km journey (8 minutes vs 2 hours by road) targeting urban commuters looking to bypass traffic congestion.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Air Taxi Service - Estimated fare per trip |
| Unit Pricing | Multi-year contract | Air Ambulance Aircraft - B2B Enterprise Pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
The ePlane Company product offering
Product offeringCore offering
The ePlane Company designs, develops, and manufactures the e200X, an all-electric, zero-emission eVTOL aircraft targeting mid-mile urban air mobility. The aircraft is a compact 8m x 10m platform intended for three target markets: passenger air taxi services, air ambulance/emergency medical transport, and urban cargo delivery. Initial commercial deployment focuses on air ambulance operations in partnership with ICATT.
Product overview
The ePlane Company offers a single unified product—the e200X eVTOL aircraft—designed as an all-electric, zero-emission air taxi for urban mobility. The e200X is engineered as a versatile platform targeting three distinct market segments: passenger air taxi services, air ambulance/emergency medical transport, and urban cargo delivery. The compact 8m x 10m footprint enables rooftop-to-rooftop operations in dense urban environments. The aircraft features in-house developed systems including propellers, airframe, landing gear, and battery pack, achieving 35% higher energy efficiency compared to conventional designs.
Differentiator
Problem solved
Functional benefit
Products and services
- e200X eVTOL Aircraft All-electric, zero-emission vertical takeoff and landing (eVTOL) aircraft designed as one of the most compact eVTOL aircraft for mid-mile urban air mobility. Features 8m x 10m footprint, 110 km range, 160 kmph speed, and 200 kg payload capacity. Single airframe platform serving three markets: passenger air taxi, urban cargo carrier, and air ambulance services. Sold B2B to operators including air ambulance providers, air taxi operators, and cargo carriers.
Quantifiable outcome
- Urban commute time reduced from 2 hours to 8 minutes for 36 km distance (7X faster)
- +3 more outcomes
Companies that use The ePlane Company
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
The ePlane Company technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability5 records
Feature6 records
The ePlane Company partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, strategic, flagship and minor.
- HENSOLDT AvionicscoreGerman avionics company providing comprehensive avionics suite for e200X including navigation, landing assistance, collision avoidance, and secure connectivity systems. Covers EuroNav 7 Next Gen digital moving map, CaviSight visual landing aid, RF1 Smart Antenna, CaviConnect data link, and EB1 Multipurpose Airborne Computer.
- NVIDIAcoreStrategic technology partnership using NVIDIA Omniverse Libraries and IGX computing platform to create high-fidelity digital twins of e200X aircraft for virtual flight simulations, sensor evaluation, and emergency scenario testing. Enables physics-accurate simulations reducing reliance on costly physical trials and supporting future type certification.
- Tata Consultancy Services (TCS)strategicPartnership for scalable software solutions including battery life cycle modeling, demand estimation, and operational optimization. TCS providing advanced analytics, IoT, and AI-driven solutions leveraging ePlane's battery data and flight testing data.
- Dassault SystèmesstrategicUsing 3DEXPERIENCE platform for model-based systems engineering and end-to-end digital simulations to improve design development pace and precision. Cloud-based digital solutions supporting certification target of 2027-28.
- ICATT (International Critical Care Air Transfer Team)flagship$1 billion MoU for India's most extensive air ambulance network with 788 e200X aircraft. First commercial customer and largest initial agreement in eVTOL industry. Deliveries planned over 5-6 years beginning 2027-28.
- IITM Global / Bharat Innovates PartnersstrategicMoU announced at Bharat Innovates 2026 for international partnerships involving Indian deeptech startups with international partners from France and Germany, unlocking nearly $100 million in value creation.
- Ramco SystemsstrategicMOU for aviation software support for e200X air fleet management. Ramco Aviation Software to be implemented across aircraft lifecycle supporting various operational modules.
- ETAC (Escorts Tool and Aerospace Coatings)minorPartnership for scouting land in NCR region for vertiport infrastructure development.
Scale indicators8 records
Recent moves7 records
Expansion highlights7 records
The ePlane Company competitors and assessment
Company assessmentDirect peers
- Joby Aviation: US-based eVTOL aircraft developer targeting urban air taxi and air mobility with a tilt-rotor design. Most directly comparable to ePlane in product category (electric VTOL aircraft for urban mobility), target markets (passenger air taxi), and certification pathway, though Joby is targeting FAA certification and US launch markets.
- EHang: Chinese eVTOL developer with the EH216-S, the world's first eVTOL to receive type certification (CAAC). Direct competitor in autonomous eVTOL aircraft; comparable in passenger air taxi and cargo use cases, and notable for having achieved type certification ahead of most Western peers.
- Archer Aviation: US-based eVTOL developer (Maker aircraft) with commercial agreements with United Airlines and US Air Force. Direct competitor in eVTOL aircraft development for urban air taxi; comparable in targeting enterprise customers and pursuing FAA certification.
- Beta Technologies: US-based eVTOL developer of the Alia aircraft for cargo, medical transport, and passenger use. Comparable in multi-market platform approach (cargo, medical, passenger) and pursuing FAA certification with US Air Force and medical logistics customers.
- Sarla Aviation: Bengaluru-based Indian eVTOL startup developing electric air taxis for urban mobility. Most direct Indian competitor, targeting similar DGCA certification pathway and same launch cities (Bengaluru, etc.). Comparable in product, target market, and regulatory pathway.
- Volocopter: German eVTOL developer of the VoloCity and larger VoloRegion aircraft for urban air taxi services. Directly comparable in product (compact eVTOL for urban air mobility) and multi-market approach including air taxi and cargo, pursuing EASA certification.
- Lilium: German eVTOL developer of the Lilium Jet (7-seater electric VTOL). Direct competitor in eVTOL aircraft for urban air mobility; comparable technology stack and certification pursuits (EASA), though aimed at longer-range regional air mobility than ePlane's mid-mile urban focus.
- Vertical Aerospace: UK-based eVTOL developer of the VX4 aircraft with pre-orders from airlines (Virgin Atlantic, American Airlines, JAL). Directly comparable as a passenger eVTOL aircraft developer pursuing EASA certification with commercial airline partnerships.
- Eve Air Mobility: Embraer-backed eVTOL developer with a strong order book from airlines and operators globally. Comparable as a passenger eVTOL aircraft developer with established aerospace backing and focus on urban air mobility infrastructure alongside aircraft.
Broad incumbents
- Skyports: UK-based vertiport infrastructure developer and operator building take-off and landing sites for eVTOL aircraft globally. Adjacent to ePlane's vertiport strategy with ETAC, providing enabling infrastructure for the same urban air mobility market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
The ePlane Company social profiles
Digital presenceThe ePlane Company compliance and trust
Trust signalCompliance3 records
The ePlane Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
The ePlane Company leadership team
Management profileNumber of profiles
Profiles9 records
The ePlane Company funding detail
Funding detailFunding overview
Funding rounds3 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The ePlane Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The ePlane Company
What does The ePlane Company do?
The ePlane Company designs, develops, and manufactures the e200X, an all-electric, zero-emission eVTOL aircraft targeting mid-mile urban air mobility. The aircraft is a compact 8m x 10m platform intended for three target markets: passenger air taxi services, air ambulance/emergency medical transport, and urban cargo delivery. Initial commercial deployment focuses on air ambulance operations in partnership with ICATT.
Is The ePlane Company a public or private company?
The ePlane Company is a private company. It is classified as venture growth investor backed and is currently operating.
When was The ePlane Company founded?
The ePlane Company was founded in 2019. It employs 101 to 250 people.
Where is The ePlane Company based?
The ePlane Company is headquartered in Chennai, India, in the Asia region.
How does The ePlane Company make money?
Three revenue lines are on record. Aircraft Sales are the primary driver. The others are air Ambulance Services and air Taxi Operations.
Who are The ePlane Company's main competitors?
Direct peers on record are Joby Aviation, EHang, Archer Aviation, Beta Technologies, Sarla Aviation, Volocopter, Lilium, Vertical Aerospace and Eve Air Mobility. Skyports is listed as a broad incumbent.
Does The ePlane Company have an API?
No public API is recorded for The ePlane Company.
What industry is The ePlane Company in?
The ePlane Company's product category is Electric Vertical Take-off and Landing (eVTOL) Aircraft. Its primary akta.pro industry code is IMABAIAC, VTOL & Hybrid UAV Platforms, with a secondary code of TLAFAAAD, Air Taxi & Urban Air Mobility (eVTOL) Operators. Its NAICS code is 336411 and its SIC code is 3720.