UK eVTOL Startup Vertical Outlines Aggressive Targets Under SPAC Deal

eVTOL flying over city
SPAC transaction modest by standards of eVTOL deals UK startup touts fast, capital-light route to market
Credit: Vertical Aerospace
In the first months of 2021, investors have committed to pouring more than $4.5 billion into the advanced air mobility industry, with the goal of launching commercial aerial ride-sharing services by 2024. The latest to attract backing is UK startup Vertical Aerospace, which plans to go public...

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