Newsletter
IndiGo is investing ₹10 crore in Sarla Aviation, entering the electric air taxi space, through its venture arm IndiGo Ventures.
What does it do: founded in 2023, Sarla Aviation builds electric flying taxis (eVTOLs) for city travel. Its aircraft, ‘Shunya,’ will carry up to 6 passengers and use helipads across places like hotels and hospitals, with a planned launch in Bengaluru by 2028.
Big theme: IndiGo’s move comes after its earlier deal with Archer Aviation fell through due to delays.
Globally, airlines are still betting big on flying taxis, Joby Aviation is backed by Delta and Toyota, while Archer has funding from United Airlines.
The eVTOL market itself is taking off, expected to grow from $1B in 2025 to over $17B by 2034, showing massive future potential.
Fortune Business Insights
