The company is targeting a market launch by 2028.Aerospace startup Sarla Aviation, which is developing an electric aircraft to be used as flying taxis, has raised USD 10 million in a funding round led by Accel.
Angel investors including Flipkart cofounder Binny Bansal, Zerodha cofounder Nikhil Kamath and Swiggy's Sriharsha Majety also participated in the round.
The proceeds will be utilised to advance the development of its prototype, establish a research and development centre, and expand its workforce, cofounder Adrian Schmidt told ET. The company is targeting a market launch by 2028.
Other angel investors participated in the funding round included Abhiraj Singh Bhal (Urban Company), Abhishek Goyal (Tracxn), Ramakant Sharma (LivSpace), Sujeet Kumar (Udaan), Manish Agarwal (Kratos) and Sandeep Nailwal (Polygon).
