Vertical Aerospace Soars: $50 Million Funding Boost And Debt Conversion Propel eVTOL Maker Forward
Vertical Aerospace Ltd. (NYSE:EVTL) shares are trading higher premarket on Monday. The company disclosed a signed term sheet ...
China’s two-ton eVTOL debuts in Japan, boosting low-altitude intl cooperation
China's low-altitude sector has seen numerous start-ups intensify efforts to explore international markets, as AutoFlight, a ...
Aviation Week6d
Vertical Secures $50 Million eVTOL Funding Lifeline
UK electric air taxi startup Vertical Aerospace has secured a $50 million investment lifeline in a deal that will reduce its ...
The Next Web5d
Air taxi startup Vertical Aerospace extends runway with $50mn lifeline
The rescue deal comes at a crucial moment for Vertical, which has been burning through cash to bring its VX4 aircraft to ...
autoevolution9d
Key Milestone for UK’s Famous Personal eVTOL
Watch the Skyfly Axe two-seat personal eVTOL nail the first key phase in its flight test compaign, flown by the company's CEO ...
ET Auto6d
Air-taxi maker Vertical signs tentative funding deal with investor, extends cash runway
Vertical Aerospace: "By addressing our more immediate capital needs and positioning us well to secure funding for the ...
Monitordaily4d
Vertical Aerospace Secures $50MM in New Funding as Part of $180MM Transaction
Vertical Aerospace, a global aerospace and technology company, signed a term sheet among the company, its majority ...
Benzinga.com7d
Vertical Aerospace Soars: $50 Million Funding Boost And Debt Conversion Propel eVTOL Maker Forward
This funding is expected to support the company’s Flightpath 2030 Strategy, aimed at positioning Vertical as a global leader in the eVTOL market by the decade’s end, including the ongoing ...
Flightglobal6d
Vertical Aerospace provisionally secures new funding with debt conversion and capital injection
Vertical Aerospace has unveiled a new provisional funding agreement involving a $130 million debt-to-equity swap and the ...
ET Auto5d
Lilium's fall throws spotlight on air-taxi cash crunch
Advt Makers of electric vertical take-off and landing aircraft (eVTOL), commonly known as air taxis, have raised roughly USD 13 billion since 2019, but the pace of annual investments has fallen ...