On April 17, TCab Tech, a leading Chinese developer of tiltrotor electric vertical takeoff and landing (eVTOL) aircraft, signed a strategic agreement with BOC Leasing, a subsidiary of Bank of China, for the purchase of 100 E20 eVTOLs. This order marks a significant milestone in TCab Tech’s journey toward large-scale commercialization and reflects growing confidence from the financial industry in eVTOL technology and its market potential. The two companies will leverage their respective strengths in aviation manufacturing and financial services to accelerate the deployment of eVTOL aircraft and explore innovative business models for low-altitude mobility.
The E20 eVTOL, designed for efficiency and safety, boasts cutting-edge features that set it apart in the global market:
1. 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.
2. 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.
3. 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.
4. 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.
TCab Tech has maintained a longstanding partnership with Bank of China, covering enterprise banking, cash flow optimization, and cross-border services. This collaboration with BOC Leasing strengthens that relationship and brings additional financial resources to support TCab Tech’s production and delivery capabilities.
The 100-aircraft order sends a strong signal of confidence in TCab Tech’s ability to scale up manufacturing and operations. It also highlights growing support within China to foster next-generation aviation technologies through integrated industry-finance cooperation. Looking ahead, TCab Tech and BOC Leasing plan to jointly explore global market opportunities and promote the international adoption of eVTOL solutions.
