In practice, the coated fabric is available in many shapes and sizes, not just rectangle and plane. In order to increase the shape-shifting abilities of coated fabrics, polyurethane-coated multi-axial warp-knitted fabric (PU-CMWKF) is developed. In this paper, the tensile characteristics of PU-CMWKF were investigated. Five groups of tensile experiments, with off-axial angles of 0°, 22°, 45°, 67.5°, and 90°, were conducted under constant velocity. The failure mechanism was explored by analyzing the damaged specimens. Additionally, the deformation behavior of PU-CMWKF in three regions was investigated by utilizing the digital image correlation (DIC) system, and an orthogonal anisotropic model was used to predict the modulus and Poisson’s ratio of 22.5° and 67.5°. Research results showed that the apparent modulus of PU-CMWKF strongly depended on the cut of directions. And the failure mechanism under in-plane direction loading suggests that tensile and shear failure act together. The analytical model is validated along five directions in the representation of elastic constant under corresponding small strain.