Air-taxi maker Vertical signs tentative funding deal with investor, extends cash runway
UK-based Vertical Aerospace said on Monday that investor Mudrick Capital has agreed to convert 50% of its outstanding ...
Flightglobal5d
Vertical chief eyes future investment after ‘tough but friendly’ talks unlock balance sheet
Stuart Simpson, chief executive of Vertical Aerospace, says the firm is now well-placed to raise further investment following ...
Electric 'flying taxi' company gets £39m lifeline
Vertical Aerospace, based in Bristol, is testing a so-called electric flying taxi which can carry four passengers up to 100 ...
Vertical agreement with Mudrick removes convert overhang, says Raymond James
Vertical Aerospace’s (EVTL) agreement with Mudrick removes Vertical’s convert overhang, improves governance, and paves the way for up to $50M ...
Monitordaily5d
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 ...
The Next Web6d
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 ...
Energy tycoon cedes control of flying taxis start-up as part of £40m rescue deal
Bristol-based Vertical Aerospace has secured an emergency cash injection from US investor Mudrick Capital that will allow it ...
Vertical Aerospace price target raised to $16 from $15 at Canaccord
Canaccord raised the firm’s price target on Vertical Aerospace (EVTL) to $16 from $15 and keeps a Buy rating on the shares. The firm noted the company announced that it has reached an agreement with ...
Skift3d
17 Travel Startups Raise $636 Million in 3 Weeks
Travel startups have raised nearly $1 billion so far in November. That includes 17 that raised nearly $636 million in the ...
BBC6d
Electric 'flying taxi' company gets £39m lifeline
The firm had been struggling financially, but has secured a $50m (£39m) investment from the US investor, Mudrick Capital. Stuart Simpson, chief executive of Vertical, called it a "really exciting ...