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IIT-incubated startup's air taxis to fly in UAE & Southeast Asia
Economic Times
·
5m ago
Medial
IIT-Madras incubated startup, ePlane Company, partners with Dubai-based Empire Aviation Group to globalize its electric aircraft. The collaboration aims to launch eVTOL air-taxis and air-ambulances in India, UAE, Thailand, and Indonesia, leveraging Empire's aviation expertise. Targeting a 2026 commercial launch, ePlane recently secured a $1 billion deal with ICATT for 788 air ambulances in India. Production plans involve discussing locations with state governments and seeking production partners.
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Akasa gets nod to fly overseas
Livemint
·
1y ago
Medial
The Directorate General of Civil Aviation (DGCA) will assess the availability of bilateral air traffic rights with foreign countries after granting approval to Akasa Air, India's youngest airline. Akasa Air is eligible to apply for international scheduled air transport services, but a scrutiny of country-specific preparedness will be conducted by DGCA before allowing international operations. Indian airlines have shown interest in expanding internationally, and Akasa Air plans to fly to destinations in South Asia, Southeast Asia, and the Middle East. They are aiming to announce a three-digit aircraft order by the end of the year.
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IIT Guwahati launches India's largest drone training organization
Internet
·
1y ago
Medial
IIT Guwahati, in collaboration with EduRade, a brand owned by RC HobbyTech Solutions Pvt. Ltd. and incubated at IIT Guwahati Research Park, launched India's 'largest' Remote Pilot Training Organization (RPTO), spanning across 18 acres and boasting the capability to fly nine medium-class drones simultaneously. The objective of this RPTO is to promote the advancement of drone technology in India.
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ePlane aims to complete air-taxi prototype by the end of 2024, says founder
Livemint
·
1y ago
Medial
Aerospace marketplace ePlane plans to complete its prototype of the e200X air taxi by the end of the year. The company, incubated at IIT-Madras, aims to have several prototypes ready for certification and commercialization by 2026. ePlane is developing compact electric vertical-takeoff-and-landing (VTOL) air taxis and aims for full-scale urban commercialization by 2027. The company is also working on services such as agritech, medical cargo, air ambulances, and advanced aircraft development. ePlane has filed for intellectual property rights in about 30 countries and is focused on reducing road emissions through its compact vehicles.
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AirAsia chief to scout for more fundraising after SPAC listing
Livemint
·
1y ago
Medial
AirAsia CEO Tony Fernandes plans to seek additional funding in Southeast Asia's equities markets after the company's planned SPAC listing in the US later this year. Fernandes mentioned possible options for fundraising, such as revisiting plans for an IPO of aviation assets in the Philippines and doing a share placement in Indonesia. He also expressed intentions to eventually list nonaviation units. AirAsia, Southeast Asia's largest budget carrier, aims to recover from the pandemic and expand globally, with plans to fly to major destinations worldwide. The company's future success depends on the recovery of air travel and operational improvements across Asia.
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The ePlane Company Raises $14 Mn For eVTOL Development
Inc42
·
8m ago
Medial
ePlane has secured $14 million in Series B funding to further its development of regulatory certifications, manned aircraft, and scaling drone technology. The company plans to conduct flight tests of its eVTOL aircraft in mid-2025, with the aim of commercializing air taxis and ambulances by 2026. Additionally, ePlane is exploring expansion into international markets, particularly Southeast Asia and the Middle East, and expects revenue growth through agricultural drones and smaller eVTOL models by 2025.
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Agnikul test launches world’s first rocket with 3D printed engine
Economic Times
·
1y ago
Medial
IIT Madras-incubated startup Agnikul Cosmos successfully test-launched the world's first rocket with a single-piece 3D printed engine from Sriharikota on May 30. The rocket, named Agnibaan - SOrTeD, was launched from India's first private launchpad, Dhanush, established by Agnikul. The mission aimed to gather flight data and ensure optimal functioning of systems for Agnikul's orbital launch vehicle. The successful launch marks a significant moment for private players contributing to India's growing space sector with cutting-edge technology. Agnikul plans to fly an orbital mission by 2025.
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IIT-Madras incubated ePlane receives DGCA certification for its e200X airtaxis
Economic Times
·
6m ago
Medial
The ePlane Company, an IIT-Madras-incubated startup, received Type Certification from India's Directorate General of Civil Aviation (DGCA) for its electric Vertical Take-Off and Landing (eVTOL) e200X aircraft, marking a first in the Indo-Pacific region. With plans to launch air taxi services by 2026, ePlane aims to transport over 500,000 people daily within three years. The certification recognizes the aircraft's high safety standards and supports India's commitment to innovative, sustainable urban mobility.
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Huawei seeks AI chip deals in Middle East, Southeast Asia: Report - The Economic Times
Economic Times
·
29d ago
Medial
Huawei is seeking to export AI chips to the Middle East and Southeast Asia, targeting markets like the UAE, Saudi Arabia, and Thailand with its Ascend 910B chips. This move is an attempt to establish presence in areas dominated by Nvidia. Despite outreach, no deals have been secured yet, with limited interest shown from UAE parties. Huawei also aims to attract buyers by offering remote access to its China-based AI systems, although export is limited by supplies.
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Mahindra hails IIT-Madras startup developing electric flying taxis
Internet
·
1y ago
Medial
Anand Mahindra was amazed by ePlane, a startup from IIT Madras, developing electric flying taxis for speedy urban commutes. Founder Prof. Sathya Chakravarthy plans to unveil their first vehicle in 2025. Mahindra hailed IIT Madras as a top incubator, celebrating India's tech innovation surge. ePlane aims to democratize flying, backed by investors like Angel List's Naval Ravikant.
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CleanMax owner Brookfield targets $5 bn for climate fund backed by UAE’s Alterra
VCCircle
·
1y ago
Medial
Canada's Brookfield Asset Management plans to raise up to $5 billion for a new climate-focused fund called the Catalytic Transition Fund (CTF). The fund, launched in partnership with UAE-based climate investment firm Alterra, aims to invest in clean energy and transition assets in emerging economies such as South and Central America, South and Southeast Asia, West Asia, and Eastern Europe. Brookfield expects the CTF to make its first close by the end of 2024. The firm is increasing its focus on drawing up a pipeline of potential investments in the clean energy space and pre-marketing to potential partners.
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