China’s TCab Tech today announced the successful completion of B+ round financing. The round was co-led by Grand Neo Bay Venture Capital and Chiforturne Venture Capital, both capitals will provide strategic support to the company bolstering the company’s commercialization efforts in the low-altitude economy across Shanghai and the Yangtze River Delta region, said the company in a Linkedin post.
“Being the first Chinese company specializing in tilt-rotor eVTOL configuration, TCab Tech has solidified its eVTOL advancement by becoming the nation’s first eVTOL developer which has completed the certification basis (G1 Issue Paper) with the Civil Aviation Administration of China (CAAC) in December 2024. This milestone accelerates the certification process for its E20 eVTOL, which is poised to redefine urban and regional mobility.
“The new funding will drive TCab Tech’s industrialization plan and further strengthen partnerships to develop vertiport infrastructure and regional air routes. Investors will also contribute expertise in low-altitude economy policies and cross-industry resources, positioning the company to dominate the Yangtze River Delta’s emerging aerial mobility market.”
For more information
https://www.linkedin.com/pulse/tcab-tech-secures-b-round-funding-accelerate-commercialization-rz97c/?trackingId=IdDskY6D9JV8Z29qiRYl2A%3D%3D