Vertical Aerospace has secured a conditional financing package worth up to $850 million, providing the U.K.-based eVTOL developer with a potential lifeline.
Vertical Aerospace reports progress toward piloted transition of its VX4 prototype, with only a few test points remaining before the key technical milestone.
Airbus Helicopters’ new H140 light twin-engine rotorcraft is set to be the next model in the company’s product line to receive the corporate VIP treatment.
Vertical Aerospace’s Valo electric air taxi made its U.S. debut on Jan. 22, with a non-flying, full-scale mock-up of its eVTOL aircraft displayed in New York.
While commercial passenger services have yet to materialize, the defense sector is shaping up to be a more immediate market for advanced air mobility companies.
Followers of the emerging eVTOL industry often speak of the “Big Three” Western startups: Archer, Beta Technologies and Joby. But should there be a “Big Four”?
Joby Aviation has closed an equity sale worth $513.9 million in a move that fortifies its balance sheet as it gears up for the final stages of the FAA type certification process.
British eVTOL developer Vertical Aerospace has outlined its aftermarket strategy as it prepares for certification of its four-six-passenger tilt rotor VX4 in 2028.