Chinese eVTOL aircraft developer TCab Tech has closed a Series A funding round with a $20 million contribution from an investor in the Middle East.
Chinese eVTOL developer TCab Tech reported this week that it has closed a Series A funding round with a $20 million contribution from an investor in the Middle East. According to TCab, the unnamed strategic investment fund intends to introduce electric air taxis in the region, and the fresh funding should accelerate the development and certification of its E20 eVTOL aircraft.
The Shanghai-based company aims to certify the piloted, four-passenger E20 with the Civil Aviation Administration of China (CAAC) in 2025, and it claims the E20 will be China’s first domestically produced tiltrotor eVTOL aircraft…
Chinese eVTOL developer TCab Tech reported this week that it has closed a Series A funding round with a $20 million contribution from an investor in the Middle East. According to TCab, the unnamed strategic investment fund intends to introduce electric air taxis in the region, and the fresh funding should accelerate the development and certification of its E20 eVTOL aircraft.
The Shanghai-based company aims to certify the piloted, four-passenger E20 with the Civil Aviation Administration of China (CAAC) in 2025, and it claims the E20 will be China’s first domestically produced tiltrotor eVTOL aircraft…
