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The ePlane Company, an Indian electric aircraft startup, said on Monday it has agreed to supply 788 air ambulances in a deal valued at more than $1 billion, at a time when the country is grappling with worsening traffic congestion in busy cities.
Under the non-binding agreement, it will supply the electric vertical takeoff and landing (eVTOL) aircraft to ICATT, an air ambulance service provider, which plans to deploy them across all districts in India.
EVTOLs are seeking to revolutionize urban travel by developing battery-powered aircraft, which can…
