The ePlane Company and ModAir to Make eVTOLs Accessible in India Through Leasing

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by Priya Jadhav

India, 12 March, 2025 – ModAir is set to become one of the first lessors in India to embrace eVTOL leasing, marking a historic step toward the mainstream adoption of electric aviation through its strategic collaboration with The ePlane Company. The ePlane Company is reimagining urban air transport with its revolutionary flying electric taxi, designed to alleviate congestion and provide a cost-effective alternative for urban and intercity travel. By integrating ModAir’s expertise in aircraft leasing with The ePlane Company’s cutting-edge technology, this partnership aims to drive widespread adoption of eVTOLs, redefining the future of mobility.

Through this collaboration, ModAir will offer leasing solutions for The ePlane Company’s flagship eVTOL, the e200X—an ultra-compact, highly efficient aircraft designed for safe, sustainable, and affordable transport. This innovative approach to leasing lowers the barriers to entry for operators, facilitating a smoother transition into electric aviation.

“Having aircraft lessors embrace eVTOLs is a transformative step in the aviation landscape. This partnership lays the groundwork for operators to adopt this technology effortlessly. We are eager to drive this collaboration toward successful deployment,” said Prof. Satyanarayanan Chakravarthy, Founder of The ePlane Company.

With ModAir stepping into eVTOL leasing, the partnership signals a paradigm shift in the aviation industry. The move enables operators to integrate electric air mobility solutions more seamlessly, unlocking new opportunities for sustainable transportation in India.

“ModAir is excited to partner with a marquee company such as The ePlane Company for the e200X. Its range and payload capabilities offer immense potential for both intercity and intracity applications. We look forward to scaling our leasing operations as the market matures,” said Amit Mittal, CEO of ModAir.

This partnership is a bold step toward a future where flying electric taxis become an integral part of everyday life, reshaping urban mobility with cleaner, more efficient air travel solutions.

About The ePlane Company: The ePlane Company is a pioneering electric aviation startup developing India’s first eVTOL for urban and regional air mobility. With a focus on affordability, safety, and sustainability, the company is at the forefront of redefining transportation.

About ModAir: ModAir Aviation IFSC Private Limited is one of the leading Leasing and Finance Companies based out of IFSC GIFT City, Gandhinagar, Gujarat. ModAir Aviation deals in the purchase, sale and leasing of aircraft from across the world through their worldwide network.


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