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

Company believes the financing will be enough to get it through certification, targeted for 2028.

Jack Daleo
Verified
Edited By: Travis Tingle
Vertical Aerospace Valo eVTOL electric air taxi rendering over Florida
Funding will support certification of Vertical’s flagship Valo air taxi, for which routes have been announced in South Florida and New York. [Credit: Vertical Aerospace]
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Key Takeaways:

  • UK-based eVTOL developer Vertical Aerospace secured up to $800 million in funding, positioning it as a significant international competitor to American air taxi companies.
  • This funding package is expected to finance the testing and certification of its Valo aircraft by 2028, which aims to offer superior passenger capacity (up to six) and payload compared to rivals.
  • Despite having less overall capital than its US counterparts, Vertical Aerospace's lower operational burn rate makes this new funding substantial for achieving its certification and market entry goals.
  • Having recently completed a critical piloted transition flight, Vertical is pursuing concurrent UK and EU certification by 2028, with plans for FAA validation and market entry in key markets like the US soon after.
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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 enough to complete testing and certification for its flagship Valo aircraft by 2028.

Jack Daleo

Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.

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