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 has secured an additional $205 million in funding, primarily from Mudrick Capital ($200M) and Kouros SA ($5M).
- This new funding is earmarked for the development and certification of its VA-X4 electric vertical takeoff and landing (eVTOL) aircraft, estimated to cost around $250 million.
- The VA-X4, a piloted eVTOL aircraft with a target speed of over 200 mph and a range of 100+ miles, is expected to achieve global certification by 2024.
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