TCab Tech, a Shangai, China-based eVTOL aircraft developer raised additional $20M in Series A funding.
The round was led by an unnamed strategic investment fund which plans to introduce the air-taxi application in the Middle East region.
The company intends to use the funds to accelerate the development of E20 aircraft and airworthiness certification goals and the commercialization of the E20 eVTOL.
TCab Tech is an eVTOL aircraft developer with the mission to provide safe and convenient air mobility services to the public. The company focuses on developing a passenger-carrying, vectored-thrust eVTOL aircraft called E20, which mainly targets air mobility market in China, Middle East, and Southeast Asia regions.
TCab Tech E20 eVTOL is 5-seater (1pilot+4pax), equipped with six rotors, four tilt and two lift rotors, and a high gull-wing with a conventional tailplane design. The eVTOL targets a maximum design range of 200km, and a cruising speed of 260km/hour. It is most efficient for commuting between 30 – 150km.
FinSMEs
27/03/2024