Vertical Aerospace Becomes Fourth eVTOL Company to Go Public
U.K.-based air taxi startup Vertical Aerospace has officially become a publicly traded company, following its merger with Broadstone Acquisition Corp.
U.K.-based air taxi startup Vertical Aerospace has officially become a publicly traded company, following its merger with Broadstone Acquisition Corp.
Ahead of its anticipated public debut on the stock market, U.K.-based Vertical Aerospace late last week publicly debuted a full-scale model of its electric vertical takeoff and landing (eVTOL) aircraft.
Deal is valued at $12 million and runs through 2026 with automatic renewals in two-year increments.
eVTOL developer told investors that it was an “extremely unfavorable” time for SPAC transactions.
Vertical Aerospace says it has received an additional $205 million in funding to support the development and certification of its VA-X4 electric vertical takeoff and landing (eVTOL) aircraft. The news comes as Vertical awaits a merger with special purpose acquisition company (SPAC) Broadstone Acquisition Corp., which would make it the fourth eVTOL company to go […]
Air taxi developer Lilium will officially launch on the Nasdaq stock exchange on September 15, the company said, after shareholders of special purpose acquisition company (SPAC) Qell Acquisition Group approved a merger Friday. “We are thrilled that Qell shareholders have chosen to support our vision to accelerate the decarbonisation of air travel and will join […]