TCab Tech closed $20M in Series A financing to introduce air-taxi application in the Middle East region.
Amount Raised
$20 Million
Round Type
Series A
ShanghaiTransportationTravelAir TransportationAerospaceInvestors
Description
TCab Tech announced it has raised an additional $20 million USD in its Series A financing from a strategic investment fund. The investment aims to introduce the air-taxi application in the Middle East region. With this financing, TCab Tech intends to accelerate the development of the E20 aircraft and airworthiness certification goals, ultimately leading to the commercialization of the E20 eVTOL.
Quick answer
TCab Tech raised $20 Million in a Series A round, dated March 26, 2024. Investors: Strategic Investment Fund. TCab Tech is based in Shanghai, Shanghai, China.
- How much did TCab Tech raise?
- TCab Tech raised $20 Million in a Series A round on March 26, 2024.
- Who invested in TCab Tech?
- Strategic Investment Fund is named as investors in this round.
- What does TCab Tech do?
- TCab Tech is an eVTOL aircraft developer with the mission to provide safe and convenient air mobility services to the public.
- Where is TCab Tech based and how big is it?
- TCab Tech is based in Shanghai, Shanghai, China.
- Who are the decision-makers at TCab Tech?
- Fundz holds 2 contacts at TCab Tech. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Transportation and Travel around the same time
Companies in the same sectors as TCab Tech that raised within 45 days of this round, from Fundz verified event records.
- Jet.AI raised $1.5M (Seed) on March 28, 2024.
- flyExclusive raised $25M (Series A) on March 5, 2024.
- Dronamics raised $11M (Funding Round) on March 19, 2024.
- Bolt raised $236M (Funding Round) on May 3, 2024.
- Portal Space Systems raised an undisclosed amount (Funding Round) on April 30, 2024.
- inDrive raised $150M (Funding Round) on March 14, 2024.
Who to call at TCab Tech, and when
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- An alert the day TCab Tech raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
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Funding Insights
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