The funds will be used to accelerate product development and airworthiness certification processes ahead of air taxi operations in the Middle East.

From March to August, the skeleton frame has been put through tests to resolve technical problems and reduce risk for the prototype flight test, enabling smooth progress of the E20 eVTOL project.

A new cooperation shows that relevant financial institutions are optimistic about the technical strength and development prospects of TCab Technology in the field of electric vertical take-off and landing aircraft.