Vertical Aerospace secures up to US$850m funding boost

Vertical Aerospace (Vertical), a global aerospace and technology company pioneering electric aviation, has signed an agreement in principle as part of a financing package totalling up to US$850 million. The comprehensive package provides the company with a strengthened capital runway to build on recent operational progress and support key strategic milestones over the next 12 […]

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The VX4 prototype soars across the UK countryside from Cotswold Airport, following approval from the UK CAA to fly in open airspace

VX4 eVTOL takes historic piloted wingborne flight

Aircraft & Engines

Vertical Aerospace (Vertical), a global aerospace and technology company pioneering electric aviation, has announced the first-ever piloted wingborne flight of a winged electric vertical take-off and landing (eVTOL) aircraft in open airspace. The landmark flight of the VX4 prototype, piloted by Chief Test Pilot Simon Davies, saw the aircraft take off, fly, and land like

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Vertical and Honeywell expand VX4 eVTOL partnership

Aircraft & Engines

Vertical Aerospace has signed a new long-term agreement with Honeywell to expand their existing partnership, reinforcing Honeywell’s commitment to certifying and producing the VX4 electric vertical take-off and landing (eVTOL) aircraft. This agreement marks a major step in the VX4’s development as both companies collaborate to certify two essential onboard systems: the aircraft management system,

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VX4 electric aircraft © Vertical Aerospace

Vertical Aerospace raises US$90 million to advance electric aviation

Financial

Vertical Aerospace, a global aerospace and technology firm, has successfully closed its underwritten public offering, raising gross proceeds of US$90 million. This marks a significant increase from its initial target of US$75 million, driven by strong investor interest. Over US$60 million of the funds came from new investors, while US$25 million was contributed by Mudrick

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Vertical Aerospace teams up with Monolith to advance zero-emission eVTOL development

Information Technology

Monolith, an artificial intelligence (AI) software provider for engineering teams, has partnered with Vertical Aerospace (Vertical), a global pioneer in zero-emission aviation. The collaboration aims to optimise testing and simulation processes for Vertical’s eVTOL aircraft, improving performance and accelerating the VX4’s journey to market. Developing eVTOL aircraft is notoriously complex, with flight and ground tests

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

Vertical Aerospace secures fresh funding

Financial

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 up to US$850m funding boost

VX4 eVTOL takes historic piloted wingborne flight

Vertical and Honeywell expand VX4 eVTOL partnership

Vertical Aerospace raises US$90 million to advance electric aviation

Vertical Aerospace teams up with Monolith to advance zero-emission eVTOL development

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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