Vertical Aerospace

Investor: Mudrick Capital Management

Vertical Aerospace, a Bristol-based global aerospace and technology company focused on electric aviation, has successfully secured £74 million ($100 million) in a funding round to support the ongoing certification and commercialisation of its Valo electric vertical take-off and landing (eVTOL) aircraft platform.Summary of transaction details:Value: £74 million ($100 million)Sector: Aerospace & Technology (Electric Aviation)Advisor: Not mentionedKey Entities: Vertical Aerospace (Target), Mudrick Capital Management, Yorkville Advisors Global, and other existing and new investors (Investors)Location: Bristol, UK (Target company)Note: This significant capital injection is aimed at enhancing Vertical Aerospace's financial resilience and accelerating key program priorities, including expanding battery production capacity and preparing its third prototype for hybrid-electric flight testing. This funding is crucial for advancing its mission to create a safer, cleaner, and quieter way to travel.

Investor: UK Government

The UK government has invested £10 million in Vertical Aerospace, a British flying taxi champion, to support the creation of over 1,000 jobs and thousands more across its supply chain. Summary of transaction details: Value: £10 million Sector: Industrials & Energy Advisor: None Key Entities: Vertical Aerospace, UK Government Location: UK Note: This investment is a significant vote of confidence in the UK's aerospace sector and Vertical Aerospace's electric vertical take-off and landing aircraft. The funding will enable the company to build its aircraft in the UK, creating jobs and supporting the supply chain.

Investor: Mudrick Capital Management

Investor: Kouros, Mudrick Capital Management