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, led by Mudrick Capital and Kouros SA, to accelerate the development and certification of its VA-X4 electric vertical takeoff and landing (eVTOL) aircraft.
- This funding round precedes Vertical's anticipated merger with special purpose acquisition company (SPAC) Broadstone Acquisition Corp., expected to close by the end of the year.
- The company aims for global certification of its VA-X4 eVTOL aircraft by 2024 and reports already having 1,350 conditional pre-orders worth $5.4 billion.
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