Asia-Pacific AAM Report 1H 2023
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OEM OVERVIEW<br />
MILESTONES<br />
May<br />
Founded<br />
Third quarter<br />
E20: Completed transitional test flights for the 1/4 scale demonstrator<br />
Dec<br />
E20: First flight of the 1/2 scale demonstrator<br />
2021 2022 <strong>2023</strong><br />
E20: Officially released<br />
Aug<br />
E20: Released the full scale demonstrator<br />
Dec<br />
E20: Completed transitional test flights<br />
for the 1/2 scale demonstrator<br />
First quarter<br />
CERTIFICATION PROGRESS<br />
DATE AGENCY STAGE<br />
May, 2021 Civil Aviation Administration of China TCab Tech and the CAAC signed the Partnership of Safety Plan (PSP)<br />
FUNDING<br />
DATE ROUND AMOUNT (USD) INVESTORS<br />
Sep 6, 2021 Seed round/Seed round+ $10,000,000 Bluerun Ventures and Decent Capital<br />
Feb 8, <strong>2023</strong> Pre-A round $14,415,650 1 Grand Flight, Kun Lun, KIP, BlueRun Ventures and<br />
Decent Capital<br />
Note: 1. The original announcements of funding are expressed in Chinese Yuan. The fundings were converted to United States Dollars using the exchange rate on the announced date.<br />
ORDERS<br />
DATE COMPANY COUNTRY/SUBREGION TYPE E20<br />
Feb 17, <strong>2023</strong> <strong>Asia</strong>n Express Aviation Group Mainland China Pre-order 50<br />
Unspecified Others (confidential clients) Unspecified 1<br />
Note: 1. TCab Tech stated the orders of E20 from confidential clients summed up to more than 100.<br />
GLOBAL PARTNERSHIPS<br />
May 31, 2022<br />
Sep 20, 2022<br />
Feb 17, <strong>2023</strong><br />
Announced a partnership agreement with Safran to equip the E20 with a Safran motor<br />
Signed the "E20 eVTOL Airworthiness Certification Cooperation Agreement" with Civil Aviation University of China<br />
Signed a strategic cooperation agreement with <strong>Asia</strong>n Express Aviation Group to jointly roll out air tourism and air<br />
travel services of the E20, and planned to let <strong>Asia</strong>n Express Aviation Group become the MRO service provider for<br />
the E20<br />
Information was provided by TCab Tech in Chinese and translated by Global Sky Media with an information cut off date of March 31, <strong>2023</strong>.<br />
34 | <strong>1H</strong> <strong>2023</strong> ASIA-PACIFIC <strong>AAM</strong> REPORT
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