The ePlane Company Secures $14M, Ennoventure Raises $8.9M for Growth

The ePlane Company Raises $14M, Ennoventure Secures $8.9M for Growth

Two innovative startups, The ePlane Company and Ennoventure, have secured significant funding to advance their technologies.

The ePlane Company Secures $14 Million

The ePlane Company, an electric aircraft startup, raised $14 million in a Series B funding round. Speciale Invest and Antares Ventures co-led the round, with participation from Micelio Mobility, Naval Ravikant, Java Capital, and others.

The funding will help ePlane:

• Achieve global regulatory certifications.
• Upgrade testing and prototyping facilities.
• Launch its flagship e200x eVTOL aircraft.

Founded in 2019 by Satya Chakravarthy and incubated at IIT Madras, the company develops solutions for urban mobility. The e200x offers 7x faster intra-city commutes and reduces urban traffic congestion.

Ennoventure Raises $8.9 Million

Ennoventure, a provider of brand authentication and protection solutions, raised $8.9 million in a Series A funding round. The round was led by Tanglin Venture Partners, with support from Fenice Investment Group and other investors.

The funds will help Ennoventure:

• Expand its global brand protection services.
• Improve its product offerings.

Founded in 2018 by Padmakumar Nair and Shalini V Nair, Ennoventure uses AI-based cryptographic technology to track and authenticate products. Its platform serves industries like pharma, FMCG, and automotive. Customers can scan product packaging for details via features like AR and VR.