TCab Tech Secures “B+ Round Investment to Accelerate Commercialisation of eVTOL E20” in Low-Altitude Economy

Chi­na-based TCab Tech, a devel­op­er of eVTOL air­craft, recent­ly announced the suc­cess­ful com­ple­tion of B+ round financ­ing, reports a press release. 

The invest­ment was co-led by Grand Neo Bay Ven­ture Cap­i­tal and Chi­for­turne Ven­ture Cap­i­tal. Both com­pa­nies are to pro­vide strate­gic sup­port, bol­ster­ing TCab’s com­mer­cial­i­sa­tion efforts in the low-alti­tude econ­o­my across Shang­hai and the Yangtze Riv­er Delta region. 

The air­craft devel­op­er has solid­i­fied its eVTOL advance­ment by becom­ing the nation’s first to com­plete the cer­ti­fi­ca­tion basis (G1 Issue Paper) with the Civ­il Avi­a­tion Admin­is­tra­tion of Chi­na (CAAC) last Decem­ber. This mile­stone accel­er­ates the cer­ti­fi­ca­tion process for its E20 air­craft. 

The release explains, “The E20 eVTOL is the first Chi­nese com­pa­ny spe­cial­is­ing in tilt-rotor eVTOL con­fig­u­ra­tion, designed for effi­cien­cy and safe­ty and boasts cut­ting-edge fea­tures that set it apart in the glob­al mar­ket.

These, say the com­pa­ny, include:-  

: Speed and Capac­i­ty — With a max­i­mum speed of 320 km/h and a pay­load capac­i­ty for 1 pilot plus 4 pas­sen­gers, the E20 eVTOL sig­nif­i­cant­ly reduces inter­ci­ty trav­el time.

: Tilt-Rotor Tech­nol­o­gy — The aircraft’s tilt-rotor design com­bines ver­ti­cal take­off capa­bil­i­ties with effi­cient fixed-wing cruis­ing, enabling high­er speed and supe­ri­or ener­gy effi­cien­cy com­pared to mul­ti-rotor or lift+cruise coun­ter­parts.  

: Advanced Charg­ing and Safe­ty — Equipped with an 800V ultra-fast charg­ing sys­tem, the E20 eVTOL enables rapid turn­around times. Its safe­ty is rein­forced by redun­dant sys­tems, includ­ing a six-rotor con­fig­u­ra­tion and Cell-to-Wing (CTW) bat­tery inte­gra­tion, ensur­ing high­er safe­ty lev­el even in crit­i­cal sce­nar­ios.  

: Low Noise and Sus­tain­abil­i­ty — Opti­mised low-noise pro­pellers and pure elec­tric solu­tion align with glob­al decar­bon­i­sa­tion goals, mak­ing the E20 an eco-friend­ly urban mobil­i­ty solu­tion.  The new fund­ing will dri­ve TCab Tech’s indus­tri­al­i­sa­tion plan and fur­ther strength­en part­ner­ships to devel­op ver­ti­port infra­struc­ture and region­al air routes.  Investors are also con­tribut­ing exper­tise in low-alti­tude econ­o­my poli­cies and cross-indus­try resources, strength­en­ing the company’s posi­tion around the Yangtze Riv­er Delta’s emerg­ing aer­i­al mobil­i­ty mar­ket. 

For more infor­ma­tion

https://www.tcabtech.com/en

(Images: TCab)

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