What Happened
British Evtol Developer Seeks Funding For Next Stage Of Program
Vertical Aerospace, a British electric-aircraft developer, has begun a strategic review to explore financial and strategic partnerships as it seeks to fund the next stage of its eVTOL program. The company has recently raised $100 million and is shifting its focus from demonstrating aircraft technology to certification, industrialization, and commercial production. With a strategic partner, Vertical could gain access to funding, manufacturing, and commercial expertise, according to TradingView News.