Gate News message, April 16 — IndiGo Ventures Fund-I, the investment arm of India’s largest airline, has acquired a 1 billion rupee (approximately $1.07 million USD) equity stake in Sarla Aviation, a Bengaluru-based startup developing electric vertical takeoff and landing (eVTOL) aircraft.
The investment comprises 10 equity shares and 524 Series A1 compulsorily convertible cumulative preference shares. Sarla Aviation, founded in 2023, plans to use the capital for operations, working capital, capital expenditures, and expansion. The startup has now raised approximately $13.4 million total, including a $10 million Series A1 round completed in early 2025.
Sarla is developing a hybrid-electric air taxi with a sustainable aviation fuel tank capable of extending range to 800 kilometers, supporting both long-distance routes and urban electric flights. The company designs for six passengers plus one pilot with a 680-kilogram payload capacity and claims its ticket prices could be four times lower than Western competitors. IndiGo’s stake complements a separate arrangement in which parent company InterGlobe Enterprises has a memorandum of understanding with U.S.-based Archer Aviation to deploy up to 200 piloted four-passenger electric aircraft in India.
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