New Delhi, Feb. 26 -- Chennai-based electric air taxi startupThe ePlane Co is looking to raise another $30-50 million as it prepares to manufacture three prototypes by 2026 and set the stage for its first launch.

The startup has been conservative in tapping investors so far, securing $20 million since it was founded in 2019. That includes the $14 million it raised in November from venture capital firm Speciale Invest and others.

ePlane's proposed series C funding round will likely be followed by another fundraise next year, founder and chief executive Satyanarayan Chakravarthy said, without disclosing a potential valuation.

"We are open to receiving up to $100 million in our next funding round if investors align with our vision and tar...