On November 6, during the 7th China International Import Expo, TCab Tech signed a Memorandum of Understanding with overseas strategic partner, Autocraft. The two companies will work together to explore and expand the commercial applications of the E20 eVTOL in the United Arab Emirates (UAE), focusing on aerial sight-seeing and air mobility solutions.
As a global hub for finance, trade, and transportation, the UAE offers significant market potential for eVTOL applications. The UAE actively promotes innovation through a series of policies supporting high-tech industries. The plan to introduce eVTOL air taxi services is part of both the Smart Autonomous Mobility Strategy 2030. These policies not only underscore the importance of a modern transportation system but also create a conducive environment for the introduction of new technologies.
Headquartered in Abu Dhabi, Autocraft leverages its geographic and policy advantages to focus on sustainable urban transport solutions. The company invests in smart transportation projects and partners with international organizations and businesses to drive technological innovation.
This strategic partnership between TCab Tech and Autocraft leverages TCab Tech's strengths in eVTOL research, development, and manufacturing, alongside Autocraft's advantages in local policies, geography, operations, and market dynamics within the UAE. By combining these strengths, both parties aim to advance the development of air taxi services and create a more efficient transportation ecosystem. This collaboration also signifies TCab Tech's official entry into the global market. Going forward, TCab Tech will further expand into overseas markets in the Middle East and Southeast Asia, advancing its mission to provide safe and convenient air mobility services to the public.