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Vertical Aerospace Announces $205 Million In Additional Funding Led By Mudrick Capital

Vertical Aerospace Announces $205 Million In Additional Funding Led By Mudrick Capital

10/27/21, 7:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svglondon
Money raised
$205 million
Vertical Aerospace ("Vertical"), a global aerospace and technology company that is pioneering zero-emissions aviation, announces over $200 million in additional financing to support its path to scale production and certification of the VA-X4 electric vertical take-off and landing (eVTOL) aircraft. Vertical is targeting the highest global certification for its VA-X4, which is expected to achieve the equivalent safety standard of a passenger jet by 2024 (based on the expected standards promulgated by the CAA and EASA).

Company Info

Company
Vertical Aerospace
Location
london, ontario, canada
Additional Info
With this investment, the company now has the proper capitalization to bring electric flight into commercial operation by the middle of this decade and move towards high-scale production.
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