TCab Tech announces it has raised an additional 20 million USD in its Series A financing. The exclusive investment comes from a strategic investment fund which plans to introduce the air-taxi application in the Middle East region. TCab passenger-carrying E20 eVTOL is a tilt-rotor configuration, a 5-seater (1pilot+4pax) equipped with six rotors, four tilt and two lift rotors, and a high gull-wing with a conventional tailplane design. The eVTOL targets a maximum design range of 200km, and a cruising speed of 260km/hour. It is most efficient for commuting between 30 – 150km.
Apart from China which has been identified by many reports as the single largest market for air-taxi application, TCab Tech also believes that there are strong demands for 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.
With this financing, TCab Tech intends to accelerate the development of E20 aircraft and airworthiness certification goals and ultimately, the commercialization of the E20 eVTOL.
High Flying Hangars celebrated the groundbreaking event at its development now in progress at the Frederick Municipal Airport in Maryland (KFDK). Frederick City Mayor Michael O’Connor; Airport M...
Lufthansa Technik Philippines, the joint venture between Lufthansa Technik and the MacroAsia Corporation, is significantly expanding its footprint in the Philippines with a new base maintenance facili...
Textron Aviation will return to the Farnborough International Airshow with a Cessna SkyCourier on static display, giving global customers and media an up‑close look at the aircraft’s e...
De Havilland Canada announced the delivery of the first of two Twin Otter Classic 300-G aircraft to Ethiopian Airlines, Africa’s largest airline.The aircraft will support Ethiopian Airlines&rsqu...
