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.
Vertical Aerospace Secures $205 Million Toward eVTOL Development
Key Takeaways:
- Vertical Aerospace secured an additional $205 million in funding to support the development and certification of its VA-X4 eVTOL aircraft.
- The funding, primarily from Mudrick Capital ($200 million) and Kouros SA ($5 million), is largely contingent on the completion of Vertical's pending merger with Broadstone Acquisition Corp.
- The VA-X4 eVTOL aircraft aims for global certification by 2024, promising speeds over 200 mph and a range of more than 100 miles, backed by significant conditional pre-orders.
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