Indian electric aircraft startup ePlane to supply air ambulances in over $1 billion deal

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The ePlane Company, an Indian electric aircraft startup, said on Monday it has agreed to supply 788 air ambulances in a deal valued at more than $1 billion, at a time when the country is grappling with worsening traffic congestion in busy cities.

Under the non-binding agreement, it will supply the electric vertical takeoff and landing (eVTOL) aircraft to ICATT, an air ambulance service provider, which plans to deploy them across all districts in India.

EVTOLs are seeking to revolutionize urban travel by developing battery-powered aircraft, which can…



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Indian electric aircraft startup ePlane to supply air ambulances in over $1 billion deal


The ePlane Company, an Indian electric aircraft startup, said on Monday it has agreed to supply 788 air ambulances in a deal valued at more than $1 billion, at a time when the country is grappling with worsening traffic congestion in busy cities.

Under the non-binding agreement, it will supply the electric vertical takeoff and landing (eVTOL) aircraft to ICATT, an air ambulance service provider, which plans to deploy them across all districts in India.

EVTOLs are seeking to revolutionize urban travel by developing battery-powered aircraft, which can…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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