TCab Tech Secures B+ Round Funding to Accelerate Commercialization of E20 eVTOL in Low-Altitude Economy

Whats Happening:

TCab Tech, a Chinese eVTOL developer, has successfully completed its B+ round of financing. The round was co-led by Grand Neo Bay Venture Capital and Chiforturne Venture Capital, bringing TCab Tech's total funding to around $100 million. This investment will support the company's efforts to commercialize its E20 eVTOL aircraft in the low-altitude economy across Shanghai and the Yangtze River Delta region.

Key Moves:

• TCab Tech completes B+ round financing

• Company becomes first Chinese eVTOL developer to complete certification basis with CAAC

• Funding to accelerate E20 eVTOL commercialization in low-altitude economy

By The Numbers:

• TCab Tech has raised around $100 million in total funding

• E20 eVTOL has a maximum speed of 320 km/h

• Aircraft can carry 1 pilot plus 4 passengers

Bottom Line:

TCab Tech's successful B+ round funding and certification progress position the company as a leader in China's emerging eVTOL market. With its advanced E20 aircraft design and strategic partnerships, TCab Tech is poised to play a significant role in shaping the future of urban and regional mobility in the Yangtze River Delta region.

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