Vertical Aerospace

About

Vertical Aerospace is a Bristol-based electric aerospace company developing the Valo (formerly VX4), a piloted four-passenger eVTOL aircraft designed for zero-operating-emission urban and regional air mobility ¹². Publicly traded on the NYSE under the ticker EVTL, the company is one of a small group of Western eVTOL developers pursuing type certification with the UK Civil Aviation Authority and the FAA ¹²³.

On August 10-11, 2026, Vertical Aerospace announced financing commitments of approximately $100 million to advance certification and commercialisation of the Valo aircraft ²³⁴. The package comprises three components: (1) $40 million from Mudrick Capital Management under the company’s existing $50 million convertible note facility ($5 million already closed plus a $35 million accelerated draw planned by August 12, 2026); (2) a $35 million underwritten equity offering of units (one ordinary share plus one warrant each) priced at $1.05 per unit and expected to close on or about August 11, 2026; and (3) a $25 million issuance from Vertical’s preferred equity facility with Yorkville Advisors Global, L.P., settled on the announcement date ²³⁴. Mudrick Capital is Vertical’s largest shareholder and has been backing the company since 2021 ³⁴. EU-Startups reported the aggregate value as approximately €86.6 million based on prevailing exchange rates ¹.

Proceeds will fund the Valo’s Critical Design Review, expanded battery production capacity at the company’s Energy Centre, development of UK production facilities, and retrofit of a third prototype for hybrid-electric flight testing in the first half of 2027 ²⁴.

Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.