Vertical Aerospace Provides H1 2026 Business Update

Vertical Aerospace (EVTL) discussed Q2 progress on its VX4 eVTOL platform, including adding a second flight-test aircraft and hybrid-electric integration testing. It expects hybrid-electric flight testing in H1 2027 and VX4 type certification in 2029. Vertical announced a ~$100M financing package, had ~$134M cash as of Aug. 13, 2026, and expects cash runway into Q3 2027.

Mudrick Capital Management and affiliated funds reported in an SEC Schedule 13D that they beneficially own 214,698,010 ordinary shares of Vertical Aerospace Ltd., 64.2% on a partially diluted basis. The filing says Vertical issued $35 million more in Convertible Senior Secured Notes and amended the conversion price from $3.50 to $1.30 per share. Mudrick also received board nomination and consent rights.

Vertical Aerospace (NYSE:EVTL) completed a US$35.0 million composite units offering, issuing 33,333,334 equity and derivative units at US$1.05 each, according to the article. The raise follows a year of sharp share price declines. The piece cites an estimated fair value of $60 versus a last close of $0.89 and discusses funding and VX4 testing as key risks.

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.

Vertical Aerospace, a Bristol-based eVTOL aircraft developer, secured $100m (£74m) to fund certification and commercialization of its Valo four-passenger aircraft. The round includes $40m from Mudrick Capital, $35m equity from investors, and $25m from Yorkville Advisors’ preferred equity facility. Funds will support battery capacity expansion and hybrid-electric prototype retrofit for 1H 2027.