Finance, Taxes, Insurance
China’s TCab Tech Raises More Funds for E20 eVTOL Aircraft
Shanghai-based company says program funding now tops $100 million
TCab Tech E20 eVTOL aircraft
TCab Tech is seeking Chinese type certification for its four-passenger E20 eVTOL aircraft.

Chinese eVTOL aircraft developer TCab Tech has closed a Series B+ funding round, announcing on March 27 that it has now raised a total of $100 million. The Shanghai-based company did not disclose the amount raised in the latest round, which it said was backed by Grand NeoBay Venture Capital and Chifortune Venture Capital.

In March 2024, TCab Tech raised $20 million through a Series A funding round to support development of its four-passenger E20 eVTOL model. At the time, the company said it aimed to complete type certification with the Civil Aviation Administration of China in 2025, but its latest statement this week did not provide an update on this timeline beyond confirming the completion of the G-1 issue paper stage in December 2024. In August 2023, the company flew a technology demonstrator.