India, Feb. 27 -- Chennai-based advanced air mobility startup The ePlane Company is reportedly planning to raise $30-50 Mn in its Series C funding round.

The funding would enable the company to aid its process of manufacturing three prototypes by 2026 and set the stage for its first launch, Mint reported.

Further, the proposed funding round will likely be followed by another fundraise next year, the report said, citing ePlane's founder and chief executive Satyanarayan Chakravarthy.

However, the potential valuation of the company remains undisclosed.

Inc42 has reached out to The ePlane Company for comments on the development. The story will be updated based on their response.

This comes close on the heels of The ePlane Company enterin...