SHANGHAI, March 27, 2025 /PRNewswire/ -- TCab Tech, a pioneer in the development of electric vertical takeoff and landing (eVTOL) aircraft, today announced the successful completion of B+ round financing. The round was co-led by Grand Neo Bay Venture Capital and Chiforturne Venture Capital, both capitals will provide strategic support to the company bolstering the company's commercialization efforts in the low-altitude economy across Shanghai and the Yangtze River Delta region. To date, TCab Tech has raised around $100 million in total funding.
Being the first Chinese company specializing in tilt-rotor eVTOL configuration, TCab Tech has solidified its eVTOL advancement by becoming the nation's first eVTOL developer which has completed the certification basis (G1 Issue Paper) with the Civil Aviation Administration of China (CAAC) in December 2024. This milestone accelerates the certification process for its E20 eVTOL, which is poised to redefine urban and regional mobility.
The E20 eVTOL, designed for efficiency and safety, boasts cutting-edge features that set it apart in the global market:
- Speed and Capacity: With a maximum speed of 320 km/h and a payload capacity for 1 pilot plus 4 passengers, the E20 eVTOL significantly reduces intercity travel time.
- Tilt-Rotor Technology: The aircraft's tilt-rotor design combines vertical takeoff capabilities with efficient fixed-wing cruising, enabling higher speed and superior energy efficiency compared to multi-rotor or lift+cruise counterparts.
- Advanced Charging and Safety: Equipped with an 800V ultra-fast charging system, the E20 eVTOL enables rapid turnaround times. Its safety is reinforced by redundant systems, including a six-rotor configuration and Cell-to-Wing (CTW) battery integration, ensuring higher safety level even in critical scenarios.
- Low Noise and Sustainability: Optimized low-noise propellers and pure electric solution align with global decarbonization goals, making the E20 eVTOL an eco-friendly urban mobility solution.
The new funding will drive TCab Tech's industrialization plan and further strengthen partnerships to develop vertiport infrastructure and regional air routes. Investors will also contribute expertise in low-altitude economy policies and cross-industry resources, positioning the company to dominate the Yangtze River Delta's emerging aerial mobility market.
Contact: media@tcabtech.com; Website: www.tcabtech.com/en/
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TCab Tech Secures B+ Round Funding to Accelerate Commercialization of E20 eVTOL in Low-Altitude Economy
- Driving business creation through real-time processing of large-scale time-series data -
KAWASAKI, Japan, June 24, 2026 /PRNewswire/ -- Toshiba Corporation today announced the launch of the GridDB Startup Program, a strategic initiative that will empower startups in building and scaling real-time industrial solutions on GridDB Cloud, Toshiba's distributed time-series database for Big Data and IoT systems. Applications are open here from June 24, 2026.
In a business world driven by constantly growing flows of information, identifying and extracting value requires systems that can accurately and reliably analyze massive volumes of data in real time with no disruption to operations. GridDB, Toshiba's distributed time‑series database, addresses these challenges by delivering strengths in reliability, low latency, and horizontal scalability.
The launch of GridDB Startup Program is part of Toshiba's broader effort to foster long-term partnerships with startups that advance co-development of solutions and bring new ideas to life. The program aims to combine Toshiba's expertise in data infrastructure with the creativity and agility of startups in generating new use cases and technology breakthroughs in IoT, AI and machine learning, smart infrastructure, healthcare, finance, real-time analytics, and other areas.
The program provides participants with essential technology, reduces barriers to innovation, and enables collaborative experimentation. Access to GridDB Cloud and GridDB's technical expertise gives the participants ability to concentrate solely on product development rather than infrastructure management, and to rapidly prototype, validate, and scale concepts. The program also delivers resources and incentives to foster early-stage growth, supporting startups in accelerating time-to-market and taking solutions to the global level.
Key Incentives of the GridDB Startup Program:
- Complimentary access to GridDB Cloud
- Dedicated technical support from GridDB's experts
- Opportunities for joint marketing and promotional activities with Toshiba's GridDB team
- Potential connection with Toshiba Corporate Venture Capital
Applications are open from June 24, 2026 for 26 countries and regions where GridDB Cloud is available. Details and application form are here.
Through collaborations nurtured in the GridDB Startup Program, Toshiba will continue to contribute to the advancement of digital transformation (DX) and the realization of future cyber-physical systems.
About GridDB Cloud
GridDB Cloud, is Toshiba's high-performance database offered as a fully managed cloud service, combining time-series data management, petabyte-scale scalability, and high reliability with dual NoSQL/SQL interfaces for flexible development. It is available on Microsoft Azure Marketplace, offering seamless integration with tools like Azure IoT Edge and Grafana, intuitive GUI-based cluster management, and elastic scaling—reducing setup times, infrastructure costs, and operational overheads. With global availability in 26 countries and regions, GridDB Cloud enables enterprise-scale real-time analytics with ease.
GridDB Product Website
https://www.global.toshiba/ww/products-solutions/ai-iot/griddb.html
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Toshiba Launches GridDB™ Startup Program to Collaborate with Innovators and Co-Create Future Technologies
