TCab Tech, a prominent Chinese developer of tiltrotor eVTOL aircraft, has signed a strategic agreement with BOC Leasing—an aviation leasing subsidiary of Bank of China—for the purchase of 100 E20 eVTOL aircraft.
The deal marks a major step forward in TCab Tech’s path toward mass production and deployment, underscoring accelerating confidence in the eVTOL sector from the financial industry.
The agreement not only reinforces TCab Tech’s production roadmap but also reflects a deepening collaboration between aviation technology and institutional finance in China. By combining TCab’s engineering and manufacturing capabilities with BOC Leasing’s financial expertise and global reach, the partnership aims to fast-track the commercialization of low-altitude aerial mobility and develop scalable business models for eVTOL integration.
TCab Tech’s flagship aircraft, the E20 eVTOL, is engineered for safety, efficiency, and performance. Tailored for intercity and urban transport, it features several innovations that enhance both operational viability and passenger experience:
- High Speed and Payload: Designed for rapid point-to-point transport, the E20 achieves a top speed of 320 km/h and accommodates one pilot and four passengers, significantly reducing regional travel times.
- Tiltrotor Architecture: The aircraft’s tiltrotor configuration merges the vertical lift of helicopters with the cruise efficiency of fixed-wing aircraft. This enables greater range and speed compared to traditional multirotor or lift-plus-cruise designs.
- Rapid Charging and System Redundancy: The E20 is equipped with an 800V ultra-fast charging system, enabling short turnaround times. Its six-rotor layout and Cell-to-Wing (CTW) battery integration enhance operational safety through built-in redundancy.
- Eco-Conscious and Low Noise: With fully electric propulsion and optimized low-noise rotors, the E20 supports global sustainability goals and urban noise reduction standards.
The collaboration builds upon a longstanding relationship between TCab Tech and Bank of China, which already includes enterprise banking, liquidity management, and international financial services. Through BOC Leasing, this latest agreement provides vital capital support for TCab Tech’s industrial scaling and positions the company for expanded delivery capabilities.
This 100-aircraft order signals a robust commitment to the future of advanced air mobility and strengthens China’s position in the global eVTOL market. It highlights a growing trend of integrated industry-finance cooperation to advance next-generation transportation technologies. TCab Tech and BOC Leasing have also indicated plans to explore international opportunities together, aiming to promote the global adoption of eVTOL aircraft and shape the future of sustainable air mobility.
