Vertical Aerospace announces $50m funding from Mudrick Capital

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Yves Le Marquand

25 Nov 24

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Vertical Aerospace has announced $50m in new funding as part of a transaction worth $180m with Mudrick Capital. The signing of a non-binding term sheet…

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Vertical Aerospace given more control by UK regulator

Deep Dive

Yves Le Marquand

12 Jul 24

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This week Vertical Aerospace was granted more control over conducting tasks related to its type certification programme when the UK regulator expanded the scope of…

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Vertical Aerospace narrows losses to £20m in 1Q

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Fayaz Hussain

28 May 24

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Electric vertical takeoff and landing (eVTOL) aircraft developer Vertical Aerospace reported a net operating loss of £20m for the first quarter of 2024 compared to…

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Stuart Simpson takes over as Vertical Aerospace CEO

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Yves Le Marquand

1 May 24

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As departing CEO and company founder Stephen Fitzpatrick transitions to the board, Vertical’s chief financial officer Stuart Simpson is taking over the top spot at…

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UK government publishes Future of Flight action plan

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Yves Le Marquand

18 Mar 24

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A new plan released by the UK’s Department for Transport (DfT) has set out a roadmap for drones and novel electric aircraft to be flying…

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Why is Vertical’s CEO investing $50m?

Deep Dive

Yves Le Marquand

31 Jan 24

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Stephen Fitzpatrick, the founder and CEO of Vertical Aerospace made headlines with a $50m bet on recent flight test progress. But why did he invest?…

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Vertical gets $50m cash injection from CEO

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Yves Le Marquand

23 Jan 24

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Vertical Aerospace CEO, founder and majority owner Stephen Fitzpatrick has invested a further $50m into the aerospace startup.  Vertical’s share price performance is not reflective…

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Vertical reports £22m loss for third quarter, files to raise $180m

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Yves Le Marquand

10 Nov 23

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Vertical Aerospace announced third quarter results reporting a loss of £22m compared to £19m in the same quarter previous year as it continues to make…

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Vertical provides details on prototype crash

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Yves Le Marquand

31 Aug 23

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Vertical Aerospace has revealed details about the sequence that preceded its prototype VX4 crash earlier this month. The novel aircraft encountered an unexpected fault during…

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Kakao Mobility pre-orders up to 50 Vertical Aerospace VX4s

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Yves Le Marquand

22 May 23

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Vertical Aerospace has announced that South Korean mobility technology firm, Kakao Mobility, has pre-ordered up to 50 of its VX4 aircraft. Kakao Mobility is the…

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Vertical receives ‘first ever’ UK CAA design approval for an eVTOL

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Yves Le Marquand

3 Apr 23

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Vertical Aerospace has secured the first ever Design Organisation Approval (DOA) issued to an eVTOL OEM by the UK Civil Aviation Authority (CAA). UK and…

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Vertical receives payment for 25 delivery slots from Japan’s Marubeni Corporation

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Yves Le Marquand

20 Jan 23

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Vertical Aerospace has secured a pre-delivery payment for the reservation of aircraft delivery slots from Japanese trading and investment conglomerate, Marubeni Corporation. Marubeni has reserved…

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Vertical remains ‘on track’ despite £19m loss in Q3

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Yves Le Marquand

9 Nov 22

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Vertical Aerospace has confirmed is capital plan for 2022 and progress on certification remains on track, despite posting a £19m loss in the third quarter…

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