Shanghai TCab Technology has completed its B+ funding round, led by Grand Neo Bay Venture Capital and Chiforturne Venture Capital. The company, which focuses on developing electric vertical takeoff and landing (eVTOL) aircraft, has now raised around $100 million in total.

The funding will support the commercialisation of TCab Tech’s E20 eVTOL and expand its role in the low-altitude economy across Shanghai and the Yangtze River Delta. Investors will provide strategic support for infrastructure development and policy coordination, including vertiport construction and regional route planning.

TCab Tech was the first company in China to specialise in tilt-rotor eVTOL design and became the country’s first eVTOL developer to finalise a certification basis with the Civil Aviation Administration of China in December 2024.

Its E20 aircraft is built to carry one pilot and four passengers, with a top speed of 320 km/h. The tilt-rotor configuration combines vertical lift with fixed-wing efficiency, enabling faster cruise speeds and lower energy use than other eVTOL types.

The E20 also features 800V ultra-fast charging for quick turnaround and integrates safety systems such as six rotors and battery packs located within the wings. Its low-noise propellers and all-electric propulsion make it suitable for sustainable urban travel.

TCab Tech plans to use the fresh capital to advance industrialisation of the E20 and strengthen partnerships for infrastructure and route networks across the region.