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Shanghai, March 25, 2024 /CNW/ — TCab Tech announces additional funding $20 million with Series A funding. This exclusive investment comes from a strategic investment fund that plans to introduce an air taxi application. middle east region.
TCab’s passenger-carrying E20 eVTOL is a 5-seater (1 pilot + 4-seater ) is. The eVTOL is targeted for a maximum design range of 200 km and a cruising speed of 260 km/hour. Most efficient for commuting between 30 and 150km.
apart from China While this market has been recognized by many reports to be the single largest market for air taxi applications, TCab Tech also believes there is strong demand for E20 eVTOLs worldwide. middle east, Southeast Asiaand Belt and Road regions, these rapidly developing regions will benefit from integrating air taxis into their transportation infrastructure for air tourism and intercity travel.
With this funding, TCab Tech will accelerate the development and airworthiness certification goals of the E20 aircraft and ultimately commercialize the E20 eVTOL.
About TCab Tech
TCab Tech is a developer of eVTOL aircraft with a mission to provide safe and convenient air mobility services to the nation. TCab means “time taxi”. The company is focused on developing a passenger-carrying vector-thrust eVTOL aircraft called E20, primarily targeting the Indian air mobility market. China, middle eastand Southeast Asia region.
Contact: media@tcabtech.com
Website: https://tcabtech.com
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Source TCab Tech
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2024/25/c2251.html
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