Vertical has begun piloted flight testing of its second VX4 prototype.
Credit: Vertical Aerospace
UK electric air taxi startup Vertical Aerospace has secured a $50 million investment lifeline in a deal that will reduce its debt and strengthen the balance sheet ahead of a fundraising round. Founder and former CEO Stephen Fitzpatrick, who fought to retain control of the company, will stay on as a...
Subscription Required
Vertical Secures $50 Million eVTOL Funding Lifeline is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.
Already a member of AWIN or subscribe to Aerospace Daily & Defense Report through your company? Login with your existing email and password.
Not a member? Learn how you can access the market intelligence and data you need to stay abreast of what's happening in the aerospace and defense community.
Related Content
