AI Digest Pending…
On November 7, eVTOL company TCab Tech (时的科技) announced the completion of a 300 million RMB B++ round of financing, jointly invested by China Renaissance Capital, Junshan Capital, and Puhua Capital. This marks the company's second round of funding in 2025 and its seventh round overall, following a B+ round in March.
The investment by these three leading institutions will provide multi-dimensional support beyond capital, including global resource integration, industrial chain collaboration, and in-depth post-investment management, accelerating the company's commercialization. As a leader in the low-altitude economy, TCab Tech is now entering a scaled commercial application phase, driven by policy and capital, laying a solid foundation for airworthiness certification and global market delivery.
Founded in 2021, TCab Tech is a high-tech company specializing in eVTOL R&D, with a team of top global experts in aviation, automotive, and AI. The company has independently developed the tilt-rotor E20 eVTOL, filling a technological gap in China.
The tilt-rotor configuration chosen by TCab Tech combines vertical takeoff capabilities with high-speed cruise efficiency, a focus of global industry leaders. The E20 boasts a 320 km/h cruise speed, 200 km range, and 450 kg payload, establishing a solid economic foundation for large-scale commercial operations.
To date, the E20 has completed over 1,000 test flights, including the world's first multi-passenger eVTOL flight with the CEO on board, demonstrating system stability and engineering maturity. In terms of airworthiness, the E20 has entered the compliance verification phase, paving the way for certification by 2027.
In July 2025, TCab Tech signed a $1 billion agreement with UAE-based Autocraft for 350 units, setting a record for the largest single overseas order in China's eVTOL sector. This reflects strong international recognition of its technology and competitiveness, supporting its global strategy.
Huang Yongwei, Founder and CEO of TCab Tech, stated: "China has all the conditions to become a global leader in eVTOL innovation and commercialization. This funding will accelerate the E20's airworthiness certification and mass production. Our goal is not just to make the E20 fly faster and safer, but to demonstrate the maturity and reliability of the 'China solution' in urban air mobility, helping Chinese companies gain a leading position in the global low-altitude economy."
