THE EPLANE COMPANY: Flying taxis for a roof-to-roof commute

March 08, 2021 1:15 AM

A student-academician venture, it aspires to make city-commuting fast and easy with its electric planes

The ePlane Company co-founder & CEO Pranjal Mehta (L) with co-founder & CTO Satya ChakravarthyThe ePlane Company co-founder & CEO Pranjal Mehta (L) with co-founder & CTO Satya Chakravarthy

By Srinath Srinivasan

Incubated by IIT incubation cell at IIT Madras Research Park, The ePlane Company started by IIT Madras professor Satya Chakravarthy and his student, Pranjal Mehta, aims to make electric planes for civilian transportation within cities, enabling door-to-door, or rather roof-to-roof, travel. The company is set to begin testing initial models from July 2021 and has recently raised an undisclosed amount in seed funding from investors such as Speciale Invest, IIM Ahmedabad’s CIIE.CO, FirstCheque, JavaCapital and Sharechat co-founder Farid Ahsan.

“When the final product is out, it can reduce intra-city travel to 10-15 minutes. The cost initially will be ~1.5x the road taxis but will eventually come down to a similar rate as road taxis,” says Mehta, co-founder & CEO, The ePlane Company. Today, there are very few companies globally working on a similar idea.

“We are not building yet another drone that hovers. We want to replace combustion engine with an electric engine, and the aircraft will have wings which will ensure long, efficient and safe flight,” says Chakravarthy, co-founder & CTO, who is overseeing the key design of the aircraft. The vehicle is expected to have a 200-km range which and a design that suits the Indian conditions. “The design and technology will be 100% localised and in-house. We will also try to localise sourcing materials and manufacturing as much as possible,” adds Chakravarthy.

The air taxis will need a pilot and will not be autonomous right from the first launch. It will also be in a two-seater configuration, keeping the size compact and enabling rooftop landings. “Air travel requires trust. Making it autonomous will make people tense and for that reason we will have a trained pilot. It is also possible to explore autonomous options but we will stay away from it for a really long time in transporting civilians,” says Chakravarthy.

While the applications of this technology is much wider than civilian transportation, the company is not looking to venture into other areas as of yet, for instance, the military. “Military applications need power and performance and sizing it down to civilian applications will be difficult. The cost of having electric drives in military applications is also huge,” shares Chakravarthy. Thestartup aims to bring multiple vendors, supply chains and disciplines together in building the vehicle, which will be a first in the country.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1BSNL is offering up to 4 months of free broadband internet to these users; check details
2Apple doubles down on HomePod ambitions, brings back former engineer to head software division
3Apple Watch Series 7 does not support fast charging in India at launch