Vertical Aerospace

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 mentioned
• Key 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.