#China #Shanghai #eVTOL #TCab Tech #E20

TCab Tech Secures Major Funding to Propel E20 eVTOL Development

In a significant move for the electric vertical take-off and landing (eVTOL) sector, TCab Tech has secured RMB 300 million (approximately USD 43 million) in its latest Series B++ funding round. This round saw participation from prominent investors such as Meridian Capital, HuaHan Capital, and Puhua Capital. This funding comes as the second funding round this year and the seventh overall for TCab Tech, bringing its total funding to over RMB 1 billion (around USD 143 million).

The announcement of the funding is particularly timely, as it marks the first major investment into China's burgeoning low-altitude economy sector since it gained recognition as a strategic emerging industry within China's 15th Five-Year Plan (2026-2030). This development underscores a strong endorsement from policymakers and demonstrates growing market confidence in TCab Tech's technological innovations and commercial viability.

With the twin support of capital and governmental policies, TCab Tech is now accelerating its efforts towards achieving airworthiness certification for its flagship aircraft, the E20 eVTOL. This pivotal funding represents a charged leap towards scalable industrialization of urban air mobility solutions.

E20 eVTOL: Set to Lead the Market

TCab Tech has identified its path to success through its tilt-rotor technology, which is gaining recognition as an optimal configuration for Advanced Air Mobility (AAM). The E20 is designed to achieve a maximum cruising speed of 320 km/h, with a range of 200 km, and can carry a payload of 450 kg, showcasing its potential for true commercial application.

Confirmed Engineering Maturity

The company has successfully completed over 1,000 flight tests, which include the remarkable achievement of conducting the first multi-passenger eVTOL flight with the CEO on board. The E20 has demonstrated stability and reliability, and it is on the path to entering compliance verification for airworthiness certification, aiming for completion by 2027.

International Success and Strategic Partnerships

In July 2025, TCab Tech made headlines by signing a memorandum of understanding with Autocraft, a tech enterprise based in the UAE's Abu Dhabi. The agreement holds the potential for the delivery of up to 350 electric aircraft in the upcoming years, marking the largest overseas contract ever secured by a Chinese eVTOL manufacturer.

The confluence of global partnerships and local insights is what sets TCab Tech apart in this competitive landscape. The recent joint investment is not solely a financial boost; it also opens avenues for global resource sharing, industrial collaboration, and strategic management that can facilitate the accelerated commercialization of the E20 eVTOL.

Expert Insights and Future Prospects

Weiwei Wang, Managing Partner at Meridian Capital, emphasized the strategic and economic significance of the low-altitude economy and expressed confidence in TCab Tech’s position in the certification process. Meanwhile, Meng Wang of HuaHan Capital noted the importance of the tilt-rotor configuration and TCab Tech's successful trajectory towards manned stability verification.

Building a Strong Industrial Ecosystem

As part of its growth strategy, TCab Tech is establishing a supply chain ecosystem compliant with international aviation certification standards. Collaborations with leading global suppliers, including Safran for its electric motor systems and various domestic partners specializing in avionics and battery technology, ensure the E20 meets all necessary airworthiness requirements.

Yon Wui NG, the company’s Founder and CEO, highlighted that China’s strengths in policy backing and industrial capabilities position it as a key player in global eVTOL innovation and commercialization. The fresh funding will significantly expedite the E20's progression towards mass production, hinting at a transformative future for urban mobility solutions.

In conclusion, TCab Tech’s recent funding and advancements signify a monumental leap forward in the eVTOL industry, poised to redefine urban air transportation. As they continue to explore further partnerships and push technological boundaries, TCab Tech is surely on the path to becoming a global leader in the eVTOL market.