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Vertical Unveils VX4 Mockup
  • 20 Dec 2021 01:11 PM
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Vertical Unveils VX4 Mockup

On Oct. 27, Vertical Aerospace announced that it had secured $205M in a financing. The new funding will support the production and certification of the VA-X4, its five-seat eVTOL with a range of 100 miles (161 km). Murdrick Capital Management led the round with an investment of $200M; it was joined by Kouros SA with a $5M investment. In addition, shareholders of Broadstone Acquisition Corp. — a special purpose acquisition company (SPAC), which is a shell company that serves as a vehicle for listing on a public stock exchange — voted to complete the business combination with Vertical on Dec. 14. Vertical was then uplisted on the New York Stock Exchange under the symbol "EVTL."

Meanwhile, Vertical Aerospace has bolstered its efforts to develop the infrastructure to facilitate future eVTOL operations. On Oct. 25, the company announced a collaboration with London’s Heathrow Airport to study the feasibility of conducting eVTOL operations from Heathrow by the mid-2020s. Then, on Oct. 28, Vertical announced that it had partnered with Ferrovial to develop a network of more than 25 vertiports across the UK. In “The Future of Advanced Aerial Mobility,” a whitepaper published in October, Vertical noted the complexity involved in developing vertiports, estimating that it would likely take 3–5 years to develop a site depending on local regulations. With this new partnership, Vertical expects that Ferrovial, which has invested in or manages 33 airports worldwide, will bring its expertise to this new domain.

According to SMG Consulting’s Advanced Air Mobility (AAM) Reality Index, Vertical Aerospace has conditional orders and options totaling 1,350 aircraft, the most known from any electric aircraft company. The company revealed a full-scale mock-up (shown) of its VA-4X on Dec. 9.

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