StartupTalky

Tag: aviation industry

  • Who is leading the Air Taxi Startup Race in India

    There is a huge increase in population in India. The increase in population has led to an increase in the traffic in the metro cities in the country. The top cities in the country were ranked in the top positions for the highest traffic worldwide.

    To bring a solution to this huge traffic and the delay caused because of that various startups have been working towards building Air Taxis. Let’s look at some of the Air Taxi startups in India.

    UDAN Scheme Air Taxi Service
    Ubifly Technologies
    IIT Kanpur Air Taxi
    Uber Air Taxi
    Vinata Aeromobility
    Conclusion
    FAQ

    UDAN Scheme Air Taxi Service

    India’s first Air Taxi service was first launched at the Chandigarh airport. It was inaugurated on 14 January 2021 by the Chief Minister of Haryana Manohar Lal Khattar. The Air Taxi service is launched under the UDAN scheme of the Central Government.

    Airports Authority of India had tweeted on their official Twitter handle saying that India’s first Air Taxi flight was flagged off by the Chief Minister of Haryana as part of their Inauguration. They added that the flight will operate under the Regional Connectivity Scheme RCS-UDAN.

    The Chief Minister of Haryana said that this is the first time in the country that a small aircraft is used for services in the form of an Air Taxi.

    The Air Taxi can carry one pilot and three passengers. The Air Taxi has the lightest plane which has a twin-engine in the world. Its weight is 760 kg. The aircraft uses a standard 92 octane petroleum which is different from the normal flights which use Aviation Turbine Fuel (ATF).

    The aircraft can travel at a range of 742 Nautical Miles. The services can be availed at INR 1,755 per seat. The main objective of the aircraft is in line with the government’s aim to connect the Tier 1 and Tier 2 cities with the metro cities of the Country.

    A subsidy is provided by the government to the airlines per seat to provide better connectivity to the smaller towns. As per the reports the airline will cover around 26 routes under Regional Connectivity Scheme (RCS) UDAN.

    How will Atmanirbhar Digital India Foundation benefit startups
    Atmanirbhar Digital India Foundation (ADIF) is a body formed by a group ofIndian investors and startup founders. They have joined hands together to set upa new alliance. This body is also expected to in the creation of sustainable development andgrowth in the digital economy in the country by i…
    StartupTalkyAlan Joseph

    Ubifly Technologies

    Ubifly technology is a Chennai-based startup that is working on developing e-planes in the country. Ubifly Technologies Private Limited was founded in the year 2016. The company is commonly known as the e-plane company.

    It was founded by Satyanarayanan Chakravarthy and Panjal Mehta. The Startup is concentrated on developing electric planes and unmanned aerial vehicles (UAV). The main aim of the startup is to bring a new definition for intracity travels and their products focus on short-distance intracity travels.

    Pranjal Mehta(Left) with Prof.Satyanarayanan
    Pranjal Mehta(Left) with Prof.Satyanarayanan

    The company is trying to build a hybrid mix of drones and electric airplane technology. The vehicle will take off and land similar to the drone but will move forward in the air like an airplane.

    The Startup has already designed three UAV models, Ek Hanz which will be used for delivering goods and services, Scout which is for security and surveillance, Vayu which will be a hybrid autopilot e-plane.

    The company will develop a two-seater air taxi which will be called as e200.

    Top 5 Innovative Space Startups of India
    As India is making some huge advancements in space tech, Many space startups ofIndia are grabbing the attention of investors. Surviving in an Indian startupspace is not easy with fierce competition around you. 60 to 70% of the startupsfail without even emerging to the top, so emerging as a space …
    StartupTalkyArbaz Sayed

    IIT Kanpur Air Taxi

    IIT Kanpur had signed a Memorandum of Understanding (MOU) with VTOL Aviation India Pvt. Ltd. The deal is worth INR 15 crore. VTOL Aviation India Pvt. Ltd is an Indian private aviation company. The MOU is for building prototypes that will be operational and will be used as flying taxis.

    The project is expected to be completed by 2023 where over 100 researchers from IIT Kanpur are working towards developing a fully functional prototype.

    According to the deal, the researchers will first conduct a test to identify the feasibility of the project. This is to understand the key technological areas of the project and the rest of the project is expected to be completed by 5 years.

    Ajay Ghosh who is the head of the Aerospace Engineering and the Flight Lab at IIT Kanpur has said that there will be more than 100 students working on the project in the coming years.

    The researchers will work on developing the aircraft based on VTOL technology that is vertical takeoff and landing. They are working towards building an electric aircraft to promote clean energy and sustainability.

    Uber Air Taxi

    Uber is working on developing an aircraft based on e-VTOL that is electric vertical take-off and landing. These are considered to be cleaner, cheaper, and safer than helicopters. Uber Elevate is working towards developing aerial ridesharing with Uber Air and is expected to take off in 2023.

    Uber Air taxi Prototype
    Uber Air taxi Prototype

    In 2020 it was announced that Joby Aviation will acquire Uber Elevate. Both the parent companies have agreed to integrate their services into each other’s app.

    Uber had announced that Dallas and Los Angeles as the two cities to begin their Air Taxi and Melbourne, Australia as its first international city to move forward with its expansion.

    Uber has also said that it has shortlisted 5 countries other than the US to expand its Air Taxi services which include Japan, India, Australia, Brazil, and France.

    Vinata Aeromobility Model

    Vinata Aeromobility

    Vinata Aeromobility is developing a Full Autonomous Hybrid Flying car through Advance Aeromobility by using combined technology of quadcopter VTOL hybrid power urban air mobility systems and integrated electric power 4 wheel drive motor with advanced aerospace engineering cutting edge technologies.

    According to Yogesh Ramanathan, Founder, and CEO of Vinata Aeromobility, the company is hoping to perform flight trials of their Hybrid-electric Flying car by 2023 and make it available for Commercial flights by 2025.

    It can fly at a speed of 100 to 120 kilometers per hour and can carry two passengers at the same time, with a maximum flight time of 60 minutes at a maximum height of 3,000 feet.

    Conclusion

    Other than these some more companies are working towards the Air Taxi services around the globe which include Vertical Aerospace, Hyundai’s helping hand, a joint venture between the Boeing company and Kitty Hawk Corporation.

    FAQ

    What does Air Taxi mean?

    Air taxis are small commercial airplanes used for short flights between localities.

    Which company is going to start a drone air taxi service in India?

    Malaysian budget airline AirAsia is planning to launch a flying-taxi business as soon as next year.

    Does Dubai have a flying Air taxi?

    Dubai has one of the first major projects of Air taxis, The Autonomous Air Taxi (AAT) is an 18-rotor drone taxi. The company claims to be the world’s first ‘self-flying taxi service’.

  • IndiGo Airlines Case Study: History, Present, and Future

    IndiGo the largest domestic airline and the most pocket-friendly airline of India is the second-largest preferred airline in Asia.

    As of August 2020, it will have a 59.24 percent domestic market share, making it India’s largest airline by passengers carried and fleet size.
    For the 2018–19 financial year, it was the largest low-cost carrier in Asia in terms of jet fleet size and number of passengers carried. A total of 87 destinations are served by the airline’s 1,500 flights per day.

    India’s IndiGo has its headquarters in Gurugram. International Airlines’ chief executive officer is currently Ronojoy Dutta.

    The History of IndiGo Airlines
    The current scenario of IndiGo Airlines
    COVID Impact on Airline Industry
    IndiGo Airlines Swift Recovery
    The Future of IndiGo Airlines
    Conclusion
    FAQs

    Indigo Airlines history & Future

    The History of IndiGo Airlines

    Rakesh Gangwal and Rahul Bhatia- Founders of Indigo Airlines
    Rakesh Gangwal and Rahul Bhatia- Founders of Indigo Airlines

    2006

    Founded in 2006 by Rakesh Gangwal, an NRI, and Rahul Bhatia, the head of InterGlobe Enterprises the stakes were split with InterGlobe having a share of 51% and the rest 49% shares belonging to Gangwal. IndiGo submitted a firm request for 100 Airbus A320-200 airplanes in June 2005 with plans to start tasks in mid-2006.

    IndiGo took conveyance of its first Airbus airplane on 28 July 2006, from New Delhi to Imphal via Guwahati after one year in the wake of putting in the request.

    2007

    By the end of 2006, IndiGo had 6 airplanes and by the end of 2007 9 more airplanes were added increasing the total count to 15.

    2010

    Before the finish of 2010, IndiGo previously had 17.3% of the portion of the overall aviation industry, supplanting the state-run airline Air India as the third aircraft in India, behind Kingfisher Airlines and Jet Airways.

    2011

    In 2011, IndiGo submitted a request for 180 Airbus A320 airplanes in an arrangement worth US$15 billion. In January 2011, in the wake of finishing five years of tasks, the carrier got authorization to dispatch worldwide flights.

    The first international service was between New Delhi and Dubai followed by flight services from New Delhi and Mumbai to Bangkok, Singapore, Muscat, and Kathmandu.

    2012

    August 2012 marked as a turning point for IndiGo, when it surpassed Jet Airways in terms of market shares(a whopping 27%) and became the largest airline in India
    IndiGo works over 647 day-by-day trips to 39 destinations, 34 in India and 5 global.

    2017

    In 2017, IndiGo turned into the primary Indian transporter to work 1000 flights per day and, with the conveyance of the 31st Airbus A320neo airplane, an armada of 150 airplanes.

    IndiGo additionally took conveyance of its first ATR 72 600 airplanes in December.

    2018

    In 2018, IndiGo kept on extending its worldwide course organization to 15 objections, adding everyday direct trips to Hong Kong, Doha, Phuket, and Istanbul.

    IndiGo won the ‘Best Low-Cost Airline in Central Asia & India’ award for nine consecutive years till 2018.

    IndiGo abides by three values: punctuality, pocket-friendly airfare, and quality experience.

    The current scenario of IndiGo Airlines

    Indigo Airline Logo
    Indigo Airline Logo

    Adhering to their original idea of being a pocket-friendly airline (LLC: Low-cost carrier) IndiGo offers just Economy Class seating and doesn’t give on any of its trips in-flight entertainment or free dinners (however it has a purchase on-board in-flight supper program).

    Premium administrations, with extra advantages like pre-relegated seats and meals ready, are offered at a higher rate.

    COVID Impact on Airline Industry

    The global pandemic has hit the airline industry across the world at an alarming rate. IndiGo has suffered a severe impact due to the lockdown scenario.
    India has suspended domestic and global flight activities somewhat recently in March to control the Covid spread in the country.

    The domestic flight administrations continued on May 2020 in a restricted way. Aviation workers still are permitted to work with only a 45% capacity as of May 2021.

    The income from activities plunged 91.9% year-on-year to ₹766.7 crores during the June period. Between April and December 2020, IndiGo announced overall deficits of Rs 4,659 crore, while incomes shrank 67.5 percent year-on-year.

    Travel and Tourism Industry Trends in 2021: Post-Covid
    The Travel and Tourism Industry was one of the most affected sectors due to the Covid 19 Pandemic. This post covers the post-covid scenario of it.
    StartupTalkyPV Vyshnavi

    IndiGo Airlines Swift Recovery

    Despite all these complications, the fact that IndiGo has made a swift recovery is noteworthy. It has brought the aviation industry to 80% of its pre-pandemic stage. IndiGo took 44 planes from Airbus SE in 2020 – the vast majority of any client and fixing Delta Air Lines Inc and China Southern Airlines Co Ltd – as it supplanted more seasoned planes with more eco-friendly fresher models. It is additionally outfitting to grow its armada further from 2023.

    With a 52% domestic share of the market in 2020 versus 47% in 2019 and benefit insight following a loss last financial year that is in 2019, IndiGo is extending its range to more modest Indian urban communities like Ranchi, Patna, and Gorakhpur.

    By the end of 2021, IndiGo is confident and optimistic that it will get back to normal and continue delivering top-notch service to its flyers. As of June 2021, IndiGo is the 7th largest airline in the world.

    Jet Airways Case Study | Jet Airways Bankruptcy and Possible Revival
    This StartupTalky post covers the Jet Airways crisis along with the latest updates on the issue.
    StartupTalkyLakshya Singh

    The Future of IndiGo Airlines

    Ronojoy Dutta, CEO of IndiGo
    Ronojoy Dutta, CEO of IndiGo

    Ronojoy Dutta, CEO of IndiGo claims that IndiGo is out of crisis and says that he is optimistic about the future. Despite the multitude of issues the business is confronting, IndiGo’s year-over-year yields have gone up 8% and that is generally because individuals have more prominent trust in the IndiGo item and it appears in two regions and specifically in contract flights.

    IndiGo is excelling on contract flights and simultaneously, its gathering work area is occupied. IndiGo’s main goal is to create extraordinary availability for India from little urban communities to enormous urban communities to nations around us.

    Development is vital for IndiGo.

    Accordingly, the main concern technique is to continue reducing airfare and continue developing quickly hence associating the whole country. Since IndiGo’s growth had been curbed for nearly 2 years due to the global pandemic, Ronjoy Dutta, the CEO claims that growth and expansion of the industry are very crucial at this point.

    IndiGo has a four-corner strategy. From Delhi, we can go to a ton of places within six hours. From Mumbai, many spots in Africa; from Chennai bunch of spots in the southeast and Kolkata loads of spots in north Asia. IndiGo will cover every one of them.

    The industry plans on reaching small towns, small cities, and other remote locations like Ladakh where flight connectivity is almost non-existent, and other international destinations where India has never flown to (yet).

    How Do Airline Companies Make Profit?
    With travel returning to normal soon, it is interesting to know more about some strategies that the airline companies use to make profit.
    StartupTalkyManav Makhija

    Conclusion

    Although for the next 2 years IndiGo expects a slight decline in growth due to the pandemic situation, the airline industry currently focuses on increasing productivity and providing a quality, top-notch experience to its flyers.

    FAQs

    When was Indigo airlines founded?

    IndiGo was founded in 2006 as a private company by Rahul Bhatia and Rakesh Gangwal.

    What type of aircrafts does IndiGo fly?

    IndiGo operates the Airbus A320 CEO & NEO, the A321 NEO and the ATR 72-600 aircraft.

    How many cities does IndiGo fly to?

    IndiGo has a total destination count of 90 with 66 domestic destinations and 24 International.

    Who is owner of IndiGo Airlines?

    IndiGo Airlines is operated by Interglobe Aviation Limited. Rahul Bhatia and Rakesh Gangwal are the owners of Indigo Airlines. Rahul Bhatia of InterGlobe Enterprises higher stake in IndiGo than the co-founder Rakesh Gangwal.

  • All You Need Know About India Aviation Industry and Their Developments

    Everyone affinities to travel in the airline once in their lifetime and two-thirds of people in India have experienced their dreams. We all know, India is renowned for the Civil and Military aviation industry according to the International Air Transport Association.

    Starting its Voyage on 18th February 1911 by covering 9.7 kilometers from Jumna River to Nainin and ultimately becoming the burgeon aviation market in the world. Epiphany, India Aviation industry became the blue ribbon and prognosticate to rank third largest aviation market in the world by 2024.

    In the remote times, those people who are rich could afford the airline ticket, besides there is not much development made from the side of Indian Aviation industry.

    As time ticks away, we are here eventually becoming the fastest-growing aviation market and owning 128 operational airports as of now.

    The history of the Indian Aviation industry incipient back in 1911, where the plane was set as a tool to carry out mail across the Yamuna river to Naina. When it comes, domination of aviation- IndiGo stands top of the list, along with Spicejet, Vistara, AirAsia India and Air India.

    Furthermore, these six aviation networks connect nearly 80 cities across India and play a vital part in the development of the Indian Aviation Industry. On the other hand, Indian Military Aviation would never let us down in bestowing a major role.

    The three crucial constituents of military aviation in India are the IAF, Wings of the Army and the Navy where the Indian Air Force is the world’s 4th largest air force. As well as, it is stated that the military aviation industry is plotting aerospace research to study the aviation model related hardware and software.

    Market Size of Indian Aviation industry
    Government Initiatives & Developments in the Indian Aviation industry
    Major players in the Indian Aviation Industry
    Condition of Indian Aviation Industry In the COVID Pandemic
    FAQ

    Market Size of Indian Aviation industry

    Day by day, the number of travellers in India board gradually accelerated, which is reported as the industry quadrupled in size and expected passengers to be tripled around 560 million by 2037.

    Notably, the Indian aviation industry is the third-largest aviation industry in the world and stands 5th largest market regarding aircraft passengers in both domestic and international.

    Indian Aviation industry represents oligopoly characteristics and also sees a great impact in 2010- 2019 where a CAGR of 13.4% augment in the domestic passenger traffic, whereas the international grew at a CAGR of 9.3%.

    As is the case, the ongoing pandemic lucidly tumours the Indian aviation industry which incurred 2.9 billion in 2020 and 4.1 billion in the current fiscal year 2021-22, where the industry faced a decline in India’s passenger traffic.

    Government Initiatives & Developments in the Indian Aviation industry

    A Scheme for India’s unserved and under-served airports

    According to the National Civil Aviation Policy 2016, a scheme has been framed in order to enlighten the connectivity to India’s unserved and under-served airports. Additionally, the scheme also focuses on the price of a one-hour journey to be estimated at around 2500 INR.

    Indian Aviation industry may look into Investment upto USD 5 billion

    In the next four years, the Indian Aviation industry may look into USD 5 billion worth of investment and anticipate nearly 25 Billion foreign investment to enter the airport sector by 2027.

    The report by the government of India permitted 100% FDI on the Indian Aviation industry in order to consolidate the connectivity overseas. We could witness, UK group invest 950 Crore in Turbo Aviation New airline Trustar.

    Indian aviation industry set to build water aerodromes

    In 2021, the Indian aviation industry is set to build two water aerodromes in Assam and Andaman & Nicobar island to entice tourism as well as GDP. Besides, the government is planning to launch 14 more water aerodromes across India.

    Indira Gandhi International Airport

    The Indira Gandhi International Airport in Delhi is set to dilate in order to augment passengers, which subsumes new instalments such as Terminal point, additional runway and other advanced facilities.

    On the Government side, they are working diligently to maintain the sustainability of the Indian Aviation industry by providing financial services to many airports across the country under the UDAN scheme for advancement and development.

    Zurich Airport International to corroborate in development of Jewar Airport

    Zurich Airport International is corroborated to design or operate Noida International Airport for the next 40 years on the development of Jewar Airport.

    Runways at seven airports across the country

    Prior to March 2022, the Airports Authority of India concurred to establish runways at seven airports across the country.

    Krishi Udaan scheme

    Krishi Udaan scheme is introduced under Union Budget 2021-22, to reduce air pollution by letting 50% for agri-perishable and ameliorate air cargo transportation in North-east states of India.

    Market share of Major Airlines in India
    Market share of Major Airlines in India

    How Do Airline Companies Make Profit?
    With travel returning to normal soon, it is interesting to know more about some strategies that the airline companies use to make profit.
    StartupTalkyManav Makhija

    Major players in the Indian Aviation Industry

    In 2015, 22 airlines were operating in India. The Indian aviation industry has grown so much since then and the top players in the Indian Aviation Industry as of 2020 are:

    Interglobe Aviation (IndiGo)

    IndiGo is an Indian airline based in Gurgaon, Haryana that offers low-cost travel. The company was founded in 2006 by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal. The airline is the largest in terms of passengers carried and fleet size with having a domestic market share of 59.24% as of August 2020.

    SpiceJet

    SpiceJet is another low-cost airline based in Gurgaon, Haryana. The company is the second-largest airline in India by the number of passengers carried and it holds a market share of 13.6% as of March 2019.

    The company was established as an air taxi provider and was acquired by Ajay Singh and renamed SpiceJet in 2004 and took off its first flight in May 2005.

    Jet Airways

    Jet Airways is a Mumbai based Indian International airline founded by Naresh Goyal that started as an air taxi operator in 1993 and became a full-fledged airline in 1995 and started its International flights in 2005.

    It was one of the largest Indian airlines with a market share of 21.2% in February 2016. But due to competition and price war, the company underwent a downfall leaving it Bankrupt and forcing the company to cease its operations in April 2019. The company is due to come back at the end of 2021.

    Air India

    Air India is previously known as Tata Airlines and was founded by J. R. D. Tata in 1932. After 1945, the airline was made into a public limited company and was named Air India.

    Air India is headquartered in New Delhi and is owned by the Government-owned Enterprise, Air India Limited. It is the Largest International carrier out of India and holds a market share of 18.6%.

    Akasa Airline – Can this Ultra-low-cost airline Redefine Air travel in India?
    Rakesh Jhunjhunwala, the Warren Buffet of India, is all set to launch his airline, Akasa Airlines but Can it redefine air travel in India?. Lets find out.
    StartupTalkyAnagha S

    Condition of Indian Aviation Industry In the COVID Pandemic

    Indian Aviation Industry consists of both military aviation like Indian Air Force(IAF) and civil airlines like IndiGo. While Government controlled Airlines like Air India, Alliance Air and IAF have been a saviour by carrying medical cargo during these COVID times, the civil airlines have seen a tremendous loss that is estimated to be INR 210 billion in FY 2020-21.

    To compensate for the loss, the Centre allowed for a hike in fares of airlines by 30% which only worsened the situation. During April-October 2020, domestic flights had been declining over 70% while International flights have declined at 77%. IndiGo and SpiceJet reported having lost INR 31 crore per day during the first half of 2020.

    Conclusion

    The COVID pandemic has not only made us cancel our planned trips with friends and family but also has many industries on the brink of a complete shutdown and has made the economies of top countries crumble.

    The Indian Aviation Industry was one of the main industries that took a downfall due to the COVID situation around the globe with many countries still not lifting their ban on International travel. And this loss would tremendously affect the GDP of the country as the aviation industry contributes $72 billion to the GDP of India.

    It is predicted that the Indian Aviation Industry will bounce back to its pre-pandemic level by 2022 or 2023.

    FAQ

    What is the Indian Aviation Industry?

    Aviation Industry is the business sector in which all types of aircraft are manufactured and operated. According to International Air transportation Association(IATA), Indian Aviation Industry is the fastest-growing aviation industry in the world and is set to be the third-largest aviation market in the world by 2024.

    What is the revenue of the Indian Aviation Industry?

    The aviation industry in India has seen a loss for the FY2020-21 due to the COVID-19 pandemic. The estimated net loss by ICRA for the fiscal year 2020-2021 was INR 210 billion.

    How many branches does the Indian Aviation Industry hold?

    The Indian aviation industry is classified into two branches: Civil aviation and Military aviation. India’s aviation manufacturing hub is situated in Bangalore and holds a 65% share of this economic sector.

  • E-plane – A Company Leading Air Taxi Startup Race in India

    Traveling through Indian roadways raises a lot of concerns especially intracity travels. The urban cities in India have a lot of traffic, infrastructure problems which are bad roads, an increase in population, etc. All these make road transport a hurdle and reaching a place on time harder.

    In order to solve the issues faced due to traffics and bad infrastructure in the country, the Chennai-based e-plane company is in the process of developing an Air Taxi which would take the aerial route.

    Ubifly Technologies Private Limited was founded in the year 2016. The company is better known as the e-plane company and was founded by Satyanarayanan Chakravarthy and Panjal Mehta.

    Founders of The e-plane Company
    Aim of The e-plane Company
    The e-plane Company Funding
    UAV models
    Supervision Free Flights
    Commercial drone market of India
    Future plans of The e-plane company
    FAQ

    Founders of The e-plane Company

    Panjal Mehta is an alumnus of IIT Madras and a student of Satyanarayanan. Satyanarayanan is the co-founder and CTO of the company. He was a professor in IIT Madras teaching aerospace engineering since 1998. He is also the head of the Centre for Propulsion Technology and the head of the National Centre for Combustion Research and Development Lab (NCCRD).

    Pranjal Mehta with Prof.Satyanarayanan
    Pranjal Mehta(Left) with Prof.Satyanarayanan

    One of the major reasons that led to the launch of the company was his study on propulsion. Panjal Mehta was involved in working towards building a short-distance daily flying vehicle.

    Aim of The e-plane Company

    Satyanarayanan has explained that the main aim of the startup is to redefine intracity traveling in the country. The company will concentrate on developing electric planes and unmanned aerial vehicles (UAV). This will mainly be concentrated on short-range intracity travels.

    He also says that the products developed by the startup will be different and unique in nature. The company is building a hybrid mix of drones and electric aeroplane technology.

    He gave an explanation saying that the vehicles will take off and land similar to a drone but will move forward in the air like an electric aeroplane.

    Top 5 Innovative Space Startups of India
    As India is making some huge advancements in space tech, Many space startups ofIndia are grabbing the attention of investors. Surviving in an Indian startupspace is not easy with fierce competition around you. 60 to 70% of the startupsfail without even emerging to the top, so emerging as a space …
    StartupTalkyArbaz Sayed

    The e-plane Company Funding

    4th Dec 2020 – The e-plane Company raised an undisclosed amount of funding led by Speciale Invest.

    3 March, 2021 – The ePlane Company raised a funding of $1M from Naval Ravikant, as a part of its seed funding round.

    UAV models

    Satyanarayanan who is the co-founder has revealed that the startup has already designed three UAV models.

    Ek Hanz

    The first product developed by the company is TEC’s Ek Hanz. It is a UAV model is designed especially for delivering goods and services. It can carry up to 6kgs of load and will be able to fly continuously for 100 km at a speed of 50 km/hr.

    Ek Hanz by the e-plane company
    Ek Hanz by the e-plane company

    Scout

    The next product of the company is Scout. It is a drone that is designed and developed mainly for surveillance and security purposes. This drone has a powerful onboard processor and also has a long-lasting battery. This will ensure proper surveillance during certain crises.

    Vayu

    The company is also in the process of developing a hybrid auto-pilot e-plane which will be called as Vayu. This model is also developed for surveillance, but it will be concentrated on operating in larger areas. The main feature of Vayu is that it is smaller than Ek Hanz and Scout, but will fly continuously for more than 2 hours in a single charge.

    Air taxi

    The company is also working towards building a two-seater electric air taxi which is named as e200. This will concentrate on office goers who travel on a regular basis to work.

    Jet Airways Case Study | Jet Airways Bankruptcy and Possible Revival
    The Jet Airways case study is now so popular that it is mentioned in almostevery Business School’s curriculum due to the airline’s unimaginable debacle.Founder Naresh Goyal [/naresh-goyal-jet-airways/] is being investigated by theEnforcement Directorate (ED) and a large number of ex-employees sti…
    StartupTalkyLakshya Singh

    Supervision Free Flights

    The startup has claimed that its copyrighted ML algorithms will enable their flights to travel through the air without supervision. The vehicle would take off and land like a drone with just a push of a button and the vehicle will move forward like a plane.

    It is said that their air vehicle will automatically be able to detect any obstacles which come on their way such as trees, electric poles, etc. to ensure a safe flight. Hence, the air vehicle wouldn’t require supervision.

    Commercial drone market of India

    India’s commercial drone market is expected to grow at a CAGR of 12.4 percent in 2020-2026 according to a report by Research and Markets. The report has also added that the growth in the use of drones has been increased because of the Covid-19 outbreak globally.

    As of now, the majority of drones are being used for surveillance and mapping. The outbreak of Covid-19 in the country has made a realization of the importance of drones for deliveries.

    In June 2020, 13 companies were allowed to conduct trials which were let by the Directorate General of the Civil Aviation (DGCA). This trial was conducted to check the possibility of using drones for delivering medicines and other necessary goods and services.

    Future plans of The e-plane company

    Satyanarayanan has explained that the startup is not working towards or focused on building drones but is aiming towards building and developing electric planes or Air taxi for intercity transportations. They are working towards building electric planes which will be the future of intracity travel.

    The co-founder had said that the company is currently building a two-seater e-plane. This will be concentrated on working as an Air taxi. He said that the company will take at least 2 years to build the aircraft and some more years to receive permission from the aviation industry.

    FAQ

    What does Air Taxi mean?

    Air taxis are a small commercial airplane used for short flights between localities.

    Which company is going to start drone air taxi service in India?

    Malaysian budget airline AirAsia is planning to launch a flying-taxi business as soon as next year.

    Does Dubai have flying Air taxi?

    Dubai has one of the first major project of Air taxi, The Autonomous Air Taxi (AAT) is an 18-rotor drone taxi. The company claims to be the world’s first ‘self-flying taxi service’.

    Conclusion

    India could soon join the race towards devising better ways of transportation. As The e-plane company is working towards building a two-seater electric air taxi which is named as e200. This will concentrate on office goers who travel on a regular basis to work. The startup is also working towards raising external funding.

  • These companies are Enjoying the Monopoly in India

    A Monopoly is a situation in the market when a specific company or an enterprise is the only supplier of a particular product in the country. India has some companies in which have a monopoly in the market. Let’s look at the companies which have a monopoly in the Indian market.

    IRCTC
    Coal India
    ITC
    Pidilite
    Nestle
    Marico
    Hindustan Zinc
    HAL
    FAQ

    IRCTC

    IRCTC has a 100% monopoly in their respective sector in the Indian market. IRCTC stands for Indian Railway Catering and Tourism Corporation. IRCTC is a subsidiary company of Indian railways which involves in providing services such as ticketing, catering and tourism.

    The company was founded in the year 1999 and has its headquarters located in New Delhi, India. The Company in the beginning was fully owned by the Government of India under the control of Indian Railways but during the year 2019, the company was listed on the National Stock exchange (NSE). The majority shareholding is still with the Government of India.

    IIT graduate put behind bars for developing faster rail ticket booking app
    An IIT graduate probably had the most purest of ideas when he developed arailway ticket booking app, which facilitated bookings at greater ease. However,the innovation did not go down well with the Ministry of Railways and thegraduate now finds himself locked up. According to reports, IIT Kharag…
    StartupTalkyTanusha Verma

    Coal India

    Coal India has an 82% monopoly in their respective sector in the Indian market. Coal India Limited is also a company which is undertaken by the Government of India. The company was founded in the year 1975 and has its headquarters in Kolkata, India.

    Coal India is the largest coal-producing company in the world. The company is also a Maharatna public sector undertaking. The company has a contribution of around 82% of the total coal production in India. Coal India is owned by the Union Government of India and its operations are taking place through the Ministry of Coal. It is the 8th most valuable company in India.

    Amul Case Study | The Story Behind The White Revolution
    Amul is an Indian dairy cooperative society based out of Anand that lies inGujarat. The word ‘Amul’ is derived from the Sanskrit word ‘Amulya’ which meanspriceless or precious. This case study on Amul discusses the history of Amul, its business model,revenue, and the key factors behind Amul’s s…
    StartupTalkyVarad Kitey

    ITC

    ITC has a 77% monopoly in their respective sector that is the manufacturing of Cigarettes in India. ITC Limited is an Indian based multinational conglomerate. The company was founded in the year 1910 and has its headquarters located in Kolkata, India.

    ITC has a monopoly over their cigarette brands in the country other than that they have a wide range of products and services such as Hotels, FMCG, Packaging, Paperboards, Agribusiness and Specialty Papers. The company was formerly known as India Tobacco Company limited and later in the year 1974 it was renamed as ITC Limited where ITC doesn’t stand for any acronym.

    Pidilite

    Pidilite has 70% monopoly in their respective sector in the Indian market. Pidilite Industries Limited is an Indian based manufacturing company. It was founded in the year 1959 and has its headquarters located in Mumbai, India.

    Pidilite Products
    Pidilite Products

    The company is mostly involved in the manufacturing of adhesives and also has its monopoly share in the adhesive manufacturing sector. Other than this the company is involved in consumer products such as art materials, food and fabric care, car products, stationery materials, etc.

    They are also involved in the manufacturing of specialty industrial products such as industrial pigments, industrial adhesives, textile resins and leather chemicals.
    One of the major brands under Pidilite is Fevicol.

    Top Profitable Retail Business Ideas in India (Categorized by investments)
    The Retail industry in India has emerged as fast-paced industries due to manynew retailers. Retail business in India accounts for 10% of GDP and 8% ofemployment. India is one of the top 5 retail markets in the world by economicvalue. It is one of the fastest-growing retail markets in the world. …
    StartupTalkyArbaz Sayed

    Nestle

    Nestle has a 97% monopoly in their respective sector that is Cerelac in India. Nestle is a Switzerland based multinational conglomerate. It was founded in the year 1866 and has its headquarters in Vaud, Switzerland. The company is involved in the manufacturing of food and drinking products. Nestle is the largest food company in the world.

    Nestle Products
    Nestle Products

    Cerelac is an instant cereal which is manufactured under Nestle. Other than this Nestle has a wide range of products such as baby food, medical food, bottled water, coffee and tea, dairy products, confectionaries, ice cream, chocolates, frozen food, pet foods, etc.

    Marico

    Marico has a 73% monopoly in their respective sector that is Premium Edible Oils in India. Marico is an Indian based company. The company was founded in the year 1990 and has its headquarters in Mumbai, India. Marico is one of India’s leading companies in the consumer goods sector.

    Other than Premium edible oils the company has a wide range of products and brands such as hair care, skincare, male grooming, health foods, fabric care, etc. Marico has its presence in almost 25 countries across Africa and Asia.

    Hindustan Zinc

    Hindustan Zinc has a 78% monopoly in their respective sector that is the manufacturing of Zinc in India. Hindustan Zinc Limited is an Indian integrated mining and resource-producing company. The company is undertaken by a Central Public Sector. The company was founded in the year 1966 and has its headquarters located in Rajasthan, India.

    The company is involved in the mining and resource production of zinc, lead, cadmium and silver. In the year 2003 Hindustan Zinc was sold to Vedanta Ltd. Currently, the company is a subsidiary company of Vedanta Ltd.

    Most Profitable Wholesale Business Ideas in India – Exclusive List 2020
    Wholesaling is the process of selling your products in huge amounts to anotherretailer normally at a discounted price then the retailer[https://startuptalky.com/top-profitable-retail-business-ideas/] sells the products totheir customers. Wholesale business ideas are one of the most profitable opt…
    StartupTalkySouvik Dey

    HAL

    HAL has a 100% monopoly in their respective sector in the Indian market. Hindustan Aeronautics Limited which is commonly known as HAL is an Indian company that is owned by the state. The company was founded in the year 1940 and has its headquarters in Bangalore, India. HAL is an aerospace and defense company.

    HAL is involved in the operation of aerospace and is also involved in the design, assembling and fabricating of aircraft, jet, engines, helicopters and their spare parts. The company is governed under the management of the Indian Ministry of defense.

    Top 5 Innovative Space Startups of India
    As India is making some huge advancements in space tech, Many space startups ofIndia are grabbing the attention of investors. Surviving in an Indian startupspace is not easy with fierce competition around you. 60 to 70% of the startupsfail without even emerging to the top, so emerging as a space …
    StartupTalkyArbaz Sayed

    FAQ

    What is a good example of a monopoly?

    A monopoly is a firm who is the sole seller of its product, and where there are no close substitutes. Examples: Microsoft and Windows.

    What are the 4 types of monopolies?

    Natural monopoly, Geographic monopoly, Government monopoly, and Technological monopoly are 4 types of monopolies.

    Is Coca Cola a monopoly?

    Coca-Cola, Pepsi, etc are not a monopoly because they are in one of the most crowded industries – Drinks and Soft Drinks.

    Conclusion

    These are the top companies that has a monopoly in the Indian market. A monopoly market has its own benefits and disadvantages. It is always good for a country to have a mixture of companies with some monopoly companies.

  • refundme.in – India’s First Flight Compensation Provider

    Company Profile is an Initiative by StartupTalky to publish Verified & Updated information on every company. Contents in this article have been approved by the Organisation itself.

    The Indian aviation sector witnessed the growth of air passengers by 18.6% between January and December 2018, which carried almost 138.9 million passengers as compared to 117.1 million in the year 2017. Evidently, the growth in air passengers would motivate the growth of aircraft, and that eventually bring new innovations and new challenges. While the number of air passengers are increasing, there is still a large segment of air travelers who are not fully aware of the Air Passenger Rights. The Air Passenger Rights were laid down by DGCA (Directorate-General of Civil Aviation) to benefit the travelers but, people are failing take advantage of these rights because of the lack of awareness and technical jargon incorporated in policies as well as the airline manuals.

    refundme.in, India’s first-ever flight compensation provider makes people aware of their passenger rights and help them get the compensation they are entitled to get in case of flight disruptions. Akanksha Anshu founded refundme.in in 2016.

    refundme.in – Company Highlights

    Startup Name refundme.in
    Headquarter Noida
    Founder Akanksha Anshu
    Sector Aviation & Travel
    Founded April 21, 2016
    Legal Name refund.me India Services Pvt. Ltd.
    Website refundme.in

    About refundme.in and How it Works
    Aviation Industry Details
    refundme.in – Founders and Team
    How was refundme.in Started
    refundme.in – Business Model and Revenue Model
    refundme.in – Funding
    refundme.in – Startup Challenges
    refundme.in – Achievements
    refundme.in – Growth

    About refundme.in and How it Works

    refundme.in offers a platform to the travelers where they can easily claim compensation in case of any unfavorable circumstances such as – flight delay, flight cancellation, overbooking, denied boarding, and so on. The platform is user-friendly to bring air passengers closer to their rights with minimal or no hurdles.

    They make it easy for customers to understand the complex and ambiguous technicalities and laws related to flight compensation; thereby empowering the air passengers. The company takes care of all the air passengers and make sure that they receive accurate compensation that they are entitled to.

    More than a company, it is a movement to wipe out the flying difficulties once and for all. refundme.in team is ambitiously helping air passengers across the world by making them aware of their rights and empowering them to get the compensation that they are entitled to. Moreover, refundme.in fights back in court, through official enforcement bodies, to prevent airlines from making unfair gains and provide justice to the air passengers.

    Mr Boie Mascot
    Mr Boie Mascot

    Recently, the company has launched a product – “Mr Boie – Your Travel Assistant,” an online application to make travelers’ life easy. Mr Boie is a travel assistant application who’ll assist the user throughout their travel with his intelligence and omnipresence. He’ll be there every moment through the users’ travel.

    Mr Boie is a perfect combination of uplifted technology and solution-centered actions. Simply, Mr Boie can do so many things at one go. With this application, one can –

    • Upload travel documents – so that you don’t misplace any important document.
    • Checklist & Reminder – so that you don’t leave anything behind
    • Expense Tracker – To never slip out of budget
    • Delay Prediction – it can foresee the likelihood of your flight delay
    • Airport Details – You will get all the details of itineraries at the airport
    • Airline Details – you will get all the details of your terminal, aircraft, gate, baggage belt, and everything
    • Cab Booking – You don’t have to flip between different apps. You can even book your cab through Mr Boie.‌

    Aviation Industry Details

    India is the fastest-growing aviation market and is expected to cater to 520 million passengers by 2037 and aims to become the third-largest aviation market globally by 2024. India has the fastest-growing domestic air market in the world.

    The Indian aviation sector witnessed the growth of air passengers by 18.6 percent between January and December 2018, which carried almost 138.9 million passengers as compared to 117.1 million in the year 2017. As per the DGCA report, IndiGo topped the list with 54.79 lakh passengers.

    India has 464 airports and airstrips, of which 125 airports are owned by the Airport Authority of India (AAI). These 125 AAI airports manage close to 78% of domestic passenger traffic and 22% of international passenger traffic.

    Passenger traffic in India stood at 316.51 million during April 2018 – Feb 2019. Out of which domestic passenger traffic stood at 252.92 million while international traffic stood at 63.59 million.

    refundme.in – Founders and Team

    Akanksha Anshu is the founder of refundme.in.

    Founder, Owner of Refundme.in - Akanksha Anshu
    Akanksha Anshu – founder of refundme.in.

    Akanksha Anshu is a tech-savvy, a visionary, entrepreneur, and founder of 3 successful ventures. She comes from an enterprise technology background, holds an Engineering degree, and has managed various roles so far from IT services to Business Development for the International market.

    Through refundme.in she has given suggestions to the government, and the idea and efforts have helped the government to revise the Air Passenger Charter Act. She has been featured by many media platforms such as ETWealth, BW Disrupt, Business Insider, and more for her contribution to the Aviation Industry.

    She has expertise in Technology, Marketing, and Automation. She has been mentoring various startups for their IT infrastructure and strategic planning. Besides consultancy, she is a traveler, story-teller, and a motivational speaker. So far, she has been a speaker at various events where she has presented her ideas on distinct topics, from technology to entrepreneur, IT automation, motivation, and web security.

    How was refundme.in Started

    Akanksha was once traveling from Delhi To Bengaluru for an important meeting, but few hours before the boarding, she received a message saying, “your flight has been canceled.” Within the limited time, Akanksha could not find any alternate flights; because of a lack of proactiveness and concern for passenger rights from the airline’s side, Akanksha could not attend the meeting. This situation has bothered Akanksha for all the right reasons and has eventually led her to establish refundme.in.

    Akanksha has spent a good time abroad and was aware of Air Passenger Rights in countries like the US and UK. She researched to check if any such rights existed in India and found that India did have such rights. To her surprise, Akanksha found that only less than 1% actually receive their flight compensation, and almost more than 1 billion Indian currency was unpaid. Her experience supported by the statistics she came across in her research, she realized that there is a huge gap in the aviation industry concerning public awareness of Air Passenger Rights. With refundme.in she took on the lead to improve awareness among Indians about their Air Passenger Rights.

    PAJASA Apartments Success Story – Serviced Apartments for corporates
    Business tourism is booming in India. The corporate sector is expanding and manyneed to travel to different places for meetings, conferences and exhibitions.India is “projected to become the fifth fastest growing business traveldestination from 2010-2019,” according to reports by TRIFAC[https://traveltips.usatoday.com/business-tourism-india-30290.html…
    StartupTalkyChayanika Goswami

    refundme.in – Business Model and Revenue Model

    refundme.in operates on a B2B and B2c business model. For the services it provides, refundme.in charges individual customers on a case on case basis while for corporates, they have a a range of packages starting from Rs. 3000/month to 22000/ yearly for the clients to choose from.

    refundme.in

    refundme.in – Funding

    refundme.in is a bootstrapped company and doesn’t have any funding till date (December 2020)

    refundme.in – Startup Challenges

    As refundme.in works closely with the dynamic and huge aviation industry, there have been numerous challenges in the way of refundme.in. The challenges faced are,

    Decoding Indian Regulation‌‌In the whole process, decoding DGCA air passenger regulation was one of the most challenging parts for the refundme.in. Akanksha took help from legal authorities in understanding the technical jargon associated with the DGCA regulation and evaluating the benefits that the air passenger rights offer.

    Lack of Awareness‌‌After decoding, making people aware of was another. refundme.in conducted a survey in India and abroad to get comprehensive data about the awareness of air passenger rights. The findings were shockingly disappointing, which suggested that there is a long way to go to make this world fully aware of their rights. 70 percent of the flyers were not aware of their rights, 17 percent did not think they were eligible for compensation, and 13 percent did not know how to file a claim. Hardly 1% of the total population knows about it, and this number is like a grain of dust in front of the country having the world’s second-largest population. In addition, the DGCA rule ambiguous and complex for an ordinary person to understand.

    refundme.in – Achievements

    One of the biggest achievements for the refundme.in team is that they have been successful in positively influencing the DGCA rule and bringing in more accountability and making the Air Passenger Charter Act more accommodative for the passengers.

    Earlier, the compensation to air passengers under the DGCA rule was limited to the flight delay, cancellation, overbooking, or denied boarding. In 2018, refundme.in took the initiative and made an appeal to include compensation for baggage delay and baggage lost to the Indian Government. The government has accepted the request and revised Air Passenger Charter Act early this year (2019), and the revised act will be regulated soon.

    GoldSeat Success Story – GoldSeat Keeps you Entertained on the Go
    On the go entertainment is still in its nascent stage in India. While today weare almost habituated to using fast internet all the times, most of us musthave experienced the anxiety of not being able to access internet during longtravel. Long journeys become boring in the absence of something t…
    StartupTalkyChayanika Goswami

    refundme.in – Growth

    refundme.in stands out in the Indian market because of its services that empathize with the problems of air travelers. The company targets not only the Indian market but also the European market and help passengers get their compensation. Since the idea resonates with the daily life struggles of people who travel via air, the company acquired 100 + users within the first year of establishment and growing amazingly to date. The company is working towards making more and more air passengers aware of their rights.

    We envision that in the coming years, each traveler would be aware of his/her passenger rights; airlines get more responsible towards their passengers, and together they would make each other grow.