TCab Tech Raises $20 Million to Advance eVTOL Development

TCab Tech intends to accelerate the development of its E20 5-seater eVTOL, which has a maximum range of 200km and a cruising speed of 260km/hour By Joe Macey / 02 Apr 2024
TCab Tech Series A financing to accelerate eVTOL development
Follow AAMi

TCab Tech has raised an additional $20 million in its Series A financing for development of the company’s flying taxi. 

The exclusive investment comes from a strategic investment fund which plans to introduce the air-taxi application in the Middle East region.

With this financing, TCab Tech intends to accelerate progress on the E20 eVTOL aircraft and airworthiness certification goals and ultimately, commercialization of the E20.

TCab passenger-carrying E20 is a tilt-rotor configuration, 5-seater, equipped with six rotors, four tilt and two lift, and a high gull-wing with a conventional tail plane design. The eVTOL has a maximum range of 200km, and a cruising speed of 260km/hour. It is most efficient for commuting between 30–150km.

TCab Tech believes that there are strong demands for the E20 eVTOL in the Middle East, Southeast Asia, and the “Belt and Road” regions because these fast-developing regions would benefit from integrating air-taxi into their transportation infrastructure for aerial-sightseeing and inter-city travel.

Posted by Joe Macey Joseph Macey is a Content Specialist at Advanced Air Mobility International, focusing on emerging aviation technologies since joining in 2022. He has particular expertise in eVTOLs, vertiports, and propulsion systems. A graduate of Falmouth University in Journalism, Joseph began his career in 2019 as a local reporter. His journalism experience sharpens both his reporting and interview skills, enabling him to deliver well-informed, authoritative insights on the latest trends in the aviation sector. Connect

Latest Articles

Partners Plan UK Electric Air Taxi Network for 2029

New partnership between Vertical Aerospace, Skyports Infrastructure and Bristow aims to cut Canary Wharf to Heathrow journey times to 12 minutes using eVTOL aircraft

Dec 16, 2025
Europe’s First Multi Point-to-Point Urban Emergency Flights Conducted with Pilotless eVTOL

EHang completes Europe’s first pilotless eVTOL emergency response flights, delivering point-to-point urban operations in Zaragoza under the EU-funded U-SAVE project, advancing scalable urban air mobility

Dec 15, 2025
Vertical Unveils Valo Next-Generation eVTOL Platform

Vertical Aerospace has introduced Valo, a next-generation eVTOL featuring advanced aerodynamics, enhanced safety architecture, and class-leading payload capacity as it progresses toward 2028 certification

Dec 12, 2025
Horizon Aircraft Selects Motion Applied to Engineer Silicon Carbide Inverters for Cavorite X7

Former Formula 1 technology arm to supply lightweight power electronics aimed at optimizing efficiency for the hybrid-electric Cavorite X7

Dec 11, 2025
MoU Signed to Support Switchblade Flying Car Expansion in Saudi Arabia

Samson Sky and the Saudi Aviation Club have entered a partnership supporting Vision 2030, advancing Switchblade Flying Car training, approval, and use of SAC facilities following their MoU at Sand & Fun Airshow 2025

Dec 10, 2025
Vertical Aerospace Secures Syensqo Composites for VX4 Industrialisation & Certification

Long-term partnership ensures supply of advanced lightweight materials for the entire aircraft structure as the company targets a 2028 entry into service

Dec 09, 2025