Vertical Aerospace Announces Execution and Closing of Comprehensive Financing Package of up to $850 Million

Vertical secures $850 million package after Valo flight test

Vertical Aerospace has closed the remaining pieces of a financing package worth up to $850 million, giving the UK company fresh support as it advances its Valo eVTOL program toward certification.  The announcement came four days after Vertical completed a full-scale piloted two-way transition flight, a major test point for an aircraft designed to take off vertically, accelerate into fixed-wing flight and land vertically. Vertical said Chief Test…

U.K. Air Taxi Leader Vertical Aerospace Secures $800M Funding Package

American eVTOL (electric vertical takeoff and landing) air taxi developers such as Joby Aviation, Archer Aviation, Beta Technologies, and Boeing’s Wisk Aero face a legitimate competitor from across the Atlantic. U.K. air taxi leader Vertical Aerospace—which last week entered rarefied air by achieving a crucial flight test milestone—said Monday that it finalized a funding package totaling up to $800 million. The company said the money will be eno…

Vertical Aerospace Announces Execution and Closing of Comprehensive Financing Package of up to $850 Million

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