Vertical Aerospace Archives

Vertical Aerospace has secured funding of US$50 million © Vertical Aerospace

Vertical Aerospace secures fresh funding

Vertical Aerospace (Vertical), an aerospace and technology company at the forefront of electric aviation, has signed a term sheet with its majority shareholder Stephen Fitzpatrick and primary creditor Mudrick Capital Management. This agreement secures a US$50 million funding commitment, bolstering the company’s financial position and supporting its recently launched Flightpath 2030 strategy. The funding will […]

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VX4 prototype tethered flight on July 25, 2024 © Adam Gasson / Vertical Aerospace

Vertical Aerospace’s VX4 achieves first tethered piloted flight

Aircraft & Engines

Vertical Aerospace (Vertical), a global aerospace and technology company pioneering zero-emissions aviation, has seen its latest VX4 prototype perform its first tethered piloted flight as it begins the “wheels up” phase of testing. This VX4 performed a piloted flight while loosely tethered to the ground, during which Vertical measured over 20,000 flight and system parameters

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Vertical Aerospace founder injects US$50 million into company

Financial

Vertical Aerospace (Vertical), a global aerospace and technology pioneer in zero-emissions aviation, has announced a substantial US$50 million investment from its founder, majority owner and CEO, Stephen Fitzpatrick. This funding infusion not only paves the way for upcoming financing rounds but also extends Vertical’s projected financial runway into Q2 2025. This capital injection will support

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Vertical Aerospace secures fresh funding

Vertical Aerospace’s VX4 achieves first tethered piloted flight

Vertical Aerospace founder injects US$50 million into company

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