UK Company Advances Certification With Fresh Funding
Vertical Aerospace has secured a financing package worth up to $850 million, providing fresh support for its Valo eVTOL program as it advances toward certification. The company recently completed a major test point with a full-scale piloted two-way transition flight, demonstrating the aircraft’s ability to take off vertically, accelerate into fixed-wing flight, and land vertically. The financing package, backed by Mudrick Capital and Yorkville Advisors Global, gives Vertical about $160 million in additional working capital and supports its roadmap to certification in 2028. The news was first reported by AeroTime.