TCab Tech Secures $43 Million to Propel E20 eVTOL Development

New updates have been reported about TCab Tech (PC:TCABT)

TCab Tech, a leader in the electric vertical take-off and landing (eVTOL) sector, has successfully completed a Series B++ funding round, raising RMB 300 million (approximately USD 43 million). The investment, led by Meridian Capital, HuaHan Capital, and Puhua Capital, marks a significant milestone for the company, bringing its total funding to over RMB 1 billion (around USD 143 million). This funding round is particularly notable as it represents the first major investment in China’s low-altitude economy since it was highlighted as a strategic emerging sector in the upcoming 15th Five-Year Plan (2026-2030). This endorsement underscores both governmental and market confidence in TCab Tech’s technological advancements and its potential for commercialization.

With this financial backing, TCab Tech is set to accelerate the airworthiness certification and commercial deployment of its flagship E20 eVTOL model. The E20, which features a tilt-rotor configuration, has already achieved significant milestones, including over 1,000 flight tests and a record-breaking overseas order from the UAE. The company is now focusing on compliance verification, aiming for certification by 2027. The strategic investments not only provide financial support but also bring global resources and industrial collaboration to TCab Tech, enhancing its competitive edge. The company has established partnerships with top-tier suppliers like Safran for propulsion systems and various domestic firms for avionics and materials, ensuring the E20 meets international aviation standards. TCab Tech’s CEO, Yon Wui NG, emphasized China’s advantageous position in policy support and industrial capabilities, which are crucial for advancing the eVTOL industry globally.