taxi maker Vertical Aerospaces secures £74m

Vertical Aerospace, a NYSE-listed eVTOL “flying taxi” maker, secured a $100m financing package. It plans a design review, to open an energy center for battery production, and to retrofit its third prototype for hybrid-electric flight testing in 1H 2027. The deal includes $40m from Mudrick Capital, $25m from Yorkville Advisors, and $35m from other investors, plus plans for a UK production facility.

Vertical Aerospace said it secured about US$100 million in financing commitments to support certification and commercialization of its Valo aircraft. Funding includes US$40 million from Mudrick Capital via a convertible note draw, US$35 million via an equity unit offering at US$1.05 per unit, and US$25 million from Yorkville Advisors Global preferred equity. The capital is aimed at design review, battery capacity expansion, and prototype hybrid-electric testing.

Simply Wall St reports Vertical Aerospace (NYSE:EVTL) completed a US$35.0 million Composite Units Offering, issuing 33,333,334 equity/derivative units at US$1.05 each with a US$0.0735 discount per security. The company said the proceeds provide funding flexibility for its VX4 program and operations, while increasing its equity base.

Vertical Aerospace, the New York-listed eVTOL developer, said it has €86.6 million ($100 million) in financing commitments to fund certification and commercialization of its Valo four-passenger aircraft. Components include €34.6 million from Mudrick Capital via its convertible note facility, €30.3 million equity at €0.91 per unit, and €21.6 million preferred equity from Yorkville Advisors. The first two parts are non-binding and subject to definitive documents.

Vertical Aerospace said it secured about $100 million in new financing via convertible debt, an equity offering, and a preferred-equity facility. Funding includes $40 million from Mudrick Capital (with $5 million already drawn and $35 million planned), $35 million from a share and warrant offering at $1.05 per unit, and $25 million from Yorkville Advisors Global. Proceeds will support Valo certification work and production and battery plans, with updated cash guidance due Aug. 13.

Vertical Aerospace (NYSE: EVTL) said it secured financing commitments of about $100 million to advance certification and commercialization of its Valo eVTOL platform. The package includes $40 million from Mudrick Capital via convertible note draws, a $35 million equity investment at $1.05 per unit, and $25 million from Yorkville Advisors preferred equity. Funds target design review, expanded battery production, and prototype retrofit.