The redox properties and electronic structures of polycationic species were examined using a triphenylamine double-decker species. The double-decker has a strong electron-donating ability, and the spin in the radical cation is delocalized over the whole caged skeleton, despite no direct transannular π–π interaction between two TPA decks. Moreover, the diradical dication has spin-singlet character, despite the meta-phenylene linkage. Detailed facts of importance to specialist readers are published as ”Supporting Information”. Such documents are peer-reviewed, but not copy-edited or typeset. They are made available as submitted by the authors. Please note: The publisher is not responsible for the content or functionality of any supporting information supplied by the authors. Any queries (other than missing content) should be directed to the corresponding author for the article.