Flying taxi startup ePlane Company raises $1 mn led by Naval Ravikant

Chennai-based aerial mobility startup Ubifly Technologies, also known as The ePlane Company, has raised $1 million in seed funding round led by AngelList Chairman Naval Ravikant. The IIT-Madras incubated startup is developing electric vertical take-off and landing planes which can be used for intracity travel. It aims to globally launch its human-rated 200 kg taxi for deployment by 2024.