Vertical Aerospace has secured financing commitments of about $100 million to support continued development of its Valo electric vertical take-off and landing aircraft. The package is designed to fund certification and commercialisation work, including progress on the Critical Design Review, expansion of the Vertical Energy Centre, future UK production plans and retrofit work on the third prototype for hybrid-electric flight testing in the first half of 2027.
The financing includes $40 million from Mudrick Capital Management, $35 million in equity investment from existing and new investors, and $25 million from Vertical’s preferred equity facility with Yorkville Advisors Global. The equity tranche was priced on the day of the announcement and was due to close around 11 August, while the preferred equity issuance was set to settle the same day.
The new capital gives Vertical additional liquidity as eVTOL developers continue to face heavy funding demands while moving through certification and preparing industrial capacity. The expansion of the Vertical Energy Centre is expected to triple battery production capacity, and the company is also advancing plans for future manufacturing facilities in the UK.