Vertical Could Raise Up to $850M for Air Taxi Certification

U.K. manufacturer signs an agreement in principle for a ‘comprehensive financing package.’

Jack Daleo

Monday, March 30, 2026 at 02:30 PM ET

Verified

Edited By:

Travis Tingle

Vertical Aerospace says it has enough cash to fund certification activities for its flagship Valo air taxi through 2026. [Credit: Vertical Aerospace]

Key Takeaways:

Vertical Aerospace has secured a nonbinding $850 million comprehensive financing package, addressing prior warnings of a "going concern" due to cash needs.
This funding, primarily from Mudrick Capital Management and Yorkville Advisors Global, is expected to cover the estimated $700 million cost for certifying its Valo eVTOL air taxi through 2026 and potentially beyond.
The package includes immediate capital and flexible access to funds through various instruments such as convertible equity, an equity line of credit, and convertible notes.

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U.K. electric air taxi manufacturer Vertical Aerospace, which earlier this month warned investors of a “going concern” due to cash needs, says it now has enough money to fund certification activities through 2026, and potentially well beyond.

The company on Monday said it worked with Mudrick Capital Management, a marquee investor since 2021, and Yorkville Advisors Global to secure a nonbinding “comprehensive financing package.” If the agreement is finalized, Vertical would gain access to $850 million in fresh capital, it said.