US Market News
1月前
Vertical Aerospace Provides First Quarter Update, Achieves Key Execution Milestones and Advances Toward CertificationMay 6, 2026 6:50 AM
Business Wire Completed full envelope expansion prototype flight test campaign, becoming the first eVTOL to complete a two-way piloted transition – a critical technical milestone – under civil aviation Design Organisation Approval regulatory oversight Secured financing package of up to $850 million, strengthening liquidity and positioning delivery on technical and operational milestones progressing toward certification, with $50 million in raised equity and $30 million accessed to date On track to complete Critical Design Review (CDR), establishing the certifiable design baseline and formalized partnership network Q1 2026 Business & Strategy Update call today at 08:30 am ET (13:30 BST) Vertical Aerospace (NYSE: EVTL) (“Vertical,” “we,” “our” or the “Company”), a global aerospace and technology company that is pioneering electric aviation, today will provide a Business & Strategy Update for the first quarter of 2026, highlighting continued progress across flight testing, certification, and financing. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260506614110/en/First eVTOL to complete two-way piloted transition – switching from helicopter mode to airplane mode and back again - under civil aviation Design Organisation Approval regulatory oversight The Company’s Q1 2026 financial results filing is available on its investor relations website. Stuart Simpson, CEO at Vertical, said: “This quarter represents a clear inflection point for Vertical. The successful completion of two-way piloted transition flight demonstrates our aircraft’s performance in real-world conditions and validates the core architecture required for certification. With this milestone achieved, our focus now shifts to executing Critical Design Review and advancing toward certification. Combined with our recent financing, we believe we are well positioned to deliver against our roadmap and progress Valo toward commercialization.” Recent Highlights Completion of Two-way Piloted Transition Successfully completed the fourth and final phase of the prototype aircraft piloted flight test campaign under the direct oversight of the UK Civil Aviation Authority (CAA), validating core technology and supporting the certification pathway. 2026 milestones to date include completion of both thrustborne transition flight and two-way piloted transition flight, a critical technical validator achieved by a limited number of global peers. Completion of the piloted flight test campaign marks the transition from technology demonstration into certification-focused development. The Company plans a series of upcoming public flight demonstrations Advancing Toward Critical Design Review Progressing towards the Critical Design Review (CDR), which establishes the certifiable design baseline and enables the build and test of certification-conforming aircraft. Represents a key gating milestone ahead of full-scale certification testing, locking aircraft design elements, key supply chain configuration, and the certification partner ecosystem. Significant progress achieved across all major workstreams, including supplier alignment and validation of key structural and system elements. After CDR is achieved, preparation for assembly of the first pre-production aircraft begins, supporting continued progression toward certification. Financial Outlook & Clear Path to Certification Strengthened balance sheet with a financing package of up to $850 million, providing access to a flexible suite of capital. Financing package is aligned to support key technical and operational milestones and progress towards certification. Ended the quarter with approximately $96 million (£73 million) of cash and cash equivalents. Short-term liquidity includes cash of approximately $103 million (£76 million) and anticipated near-term receipts from R&D tax reliefs (approximately $23 million / £17 million) and government grants & VAT (approximately $7 million / £6 million). Expected net cash outflows of between approximately $180 million and $200 million (£135 million to £145 million) over the next 12 months, reflecting continued investment in public flight demonstrations and key certification activities. Short-term liquidity, together with anticipated draws under available facilities, expected to provide at least 12 months runway. Positioned for Next Phase With the completion of transition flight and continued progress toward CDR, Vertical is entering a phase defined by disciplined execution against its certification roadmap. The Company’s third prototype aircraft is expected to commence flight testing shortly, supporting further validation and certification activities. Joining the Q1 Webcast Vertical will host a webcast at 08:30 am ET (13:30 GMT) today to discuss the first quarter’s results. The call will be hosted by Vertical Chair, Dómhnal Slattery and Stuart Simpson, Vertical’s CEO. They will be joined by Simon Davies, Vertical’s Chief Test Pilot, and David King, Vertical’s Chief Engineer. To access the webcast, visit Vertical’s Investor Relations website at https://investor.vertical-aerospace.com/events-and-presentations/events/. A replay will be available on the Company’s website following the event. Annual Report Vertical filed its 2025 Annual Report, including FY25 financial results on March 24, 2026. A copy of the Annual Report is available on the Company’s Investor Relations website and at www.sec.gov. Vertical will provide a hard copy of the Annual Report containing its audited consolidated financial statements, free of charge, to its shareholders upon request. Requests should be directed in writing by email to investors@vertical-aerospace.com, or by post to Vertical Aerospace Ltd., Unit 1 Camwal Court, Chapel Street, Bristol BS2 0UW, United Kingdom. About Vertical Aerospace Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market. Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion system. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding our future results of operations and financial position as well as our expected financial performance and operational performance, liquidity, growth and profitability strategies, the business strategy and plans and objectives of management for future operations, certification and the commercialization of the Valo aircraft and the hybrid-electric Valo variant on any particular timeline or at all, and the completion of piloted flight test program and flight demonstrations; selection of suppliers; our ability to raise additional capital to fund our operations; our plans for capital expenditures which could be higher than anticipated; the design and manufacture of the Valo aircraft; the differential strategy compared to our peer group; the features and capabilities of the Valo aircraft; potential revenue opportunities; expectations surrounding pre-orders and commitments; the assumptions underlying the Company’s Flightpath 2030 goals, as well as statements that include the words goals,” “targets,” “objectives,” “plan,” “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. These forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected. The targets, expectations and estimates included in this report were prepared by the Company’s management team based on information available at the time such information was developed and reflects numerous assumptions, including those related to general business, economic, market, and financial conditions, as well as other factors that are difficult to predict and many of which are beyond the Company’s control. The Company believes the assumptions underlying such targets, expectations and estimates were reasonable at the time such information was prepared. However, important factors that may affect actual results and cause the results reflected in such targets, expectations and estimates not to be achieved including, among other things, risks and uncertainties relating to the Company’s business, industry performance, the regulatory environment, and general business and economic conditions, as discussed under the caption “Risk Factors” in the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2026, as such factors may be updated from time to time in the Company’s other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506614110/en/ For more information: Justin Bates, Head of Communications: justin.bates@vertical-aerospace.com +44 7878 357 463
Samuel Emden, Head of Investor Affairs: samuel.emden@vertical-aerospace.com +447816 459 904 Original: Vertical Aerospace Provides First Quarter Update, Achieves Key Execution Milestones and Advances Toward Certification
US Market News
2月前
Vertical Aerospace to Report Q1 2026 Business & Strategy Update on 6 May 2026April 28, 2026 9:42 AM
Business Wire
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company pioneering electric aviation, today announces that it expects to host a webcast for its first quarter business & strategy update at 08:30 am ET (13:30 BST) to discuss the update. The call will be hosted by Dómhnal Slattery, Vertical’s Chairman and Stuart Simpson, Vertical’s CEO, together with Chief Engineer, David King, and Chief Test Pilot, Simon Davies.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260428053634/en/Vertical's full scale prototype completing a piloted transition flight on 14 April 2026
To access the webcast, visit Vertical’s Investor Relations website: https://investor.vertical-aerospace.com/events-and-presentations/events/. If unable to attend the webcast, to listen by phone, please dial US toll free: +1 833-461-5787, meeting ID: 314038215.
A replay of the webcast will be available on the company website following the event.
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion system.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, the expectation to report the Company’s unaudited condensed consolidated interim financial statements for the first quarter 2026 ended 31 March 2026 and host a business and strategy update call on 6 May 2026, our future results of operations and financial position as well as our financial outlook, the design and manufacture and design and features of our aircraft, business strategy and plans and objectives of management for future operations; expectations surrounding pre-orders and commitments; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2026, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260428053634/en/
For more information:
Justin Bates, Head of Communications – justin.bates@vertical-aerospace.com – +44 7878 357 463
Samuel Emden, Head of Investor Affairs – samuel.emden@vertical-aerospace.com – +44 7816 459 904
Original: Vertical Aerospace to Report Q1 2026 Business & Strategy Update on 6 May 2026
US Market News
2月前
Vertical Aerospace to Report Q1 2026 Business & Strategy Update on 6 May 2026April 28, 2026 6:07 AM
Business Wire
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company pioneering electric aviation, today announces that it expects to host a webcast for its first quarter business & strategy update at 08:30 am ET (13:30 BST) to discuss the update. The call will be hosted by Dómhnal Slattery, Vertical’s Chairman and Stuart Simpson, Vertical’s CEO, together with Chief Engineer, David King, and Chief Test Pilot, Simon Davies.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260428053634/en/Vertical's full scale prototype completing a piloted transition flight on 14 April 2026
To access the webcast, visit Vertical’s Investor Relations website: https://investor.vertical-aerospace.com/events-and-presentations/events/. If unable to attend the webcast, to listen by phone, please dial +1 833-444-1612 or +1 888-627-3331; meeting ID: 516674557 and passcode: 601412.
A replay of the webcast will be available on the company website following the event.
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion system.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, the expectation to report the Company’s unaudited condensed consolidated interim financial statements for the first quarter 2026 ended 31 March 2026 and host a business and strategy update call on 6 May 2026, our future results of operations and financial position as well as our financial outlook, the design and manufacture and design and features of our aircraft, business strategy and plans and objectives of management for future operations; expectations surrounding pre-orders and commitments; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2026, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260428053634/en/
For more information:
Justin Bates, Head of Communications – justin.bates@vertical-aerospace.com – +44 7878 357 463
Samuel Emden, Head of Investor Affairs – samuel.emden@vertical-aerospace.com – +44 7816 459 904
Original: Vertical Aerospace to Report Q1 2026 Business & Strategy Update on 6 May 2026
US Market News
2月前
Vertical Aerospace Announces Execution and Closing of Comprehensive Financing Package of up to $850 MillionApril 20, 2026 8:06 AM
Business Wire
Vertical Aerospace (“Vertical” or “Company”) [NYSE:EVTL], a global aerospace and technology company that is pioneering electric aviation, announced today that it has executed and closed the remaining components of its previously announced comprehensive financing package totaling up to $850 million.
The comprehensive financing package, originally announced on March 30, 2026 as an $800 million agreement in principle alongside a completed $50 million equity capital raise, positions Vertical to deliver on the technical and operational milestones on its strategic road map, while also maintaining flexibility to access other capital sources outside of the package in the future.
With the closing of the package, a suite of capital facilities is now available to Vertical, which will now have approximately $160 million of working capital in the near term. In connection with the closing of the facilities, the Company has initially drawn down an aggregate of $30 million under the facilities.
Stuart Simpson, Chief Executive Officer of Vertical Aerospace, said: “The close of this comprehensive financing package allows us to build on our strong operational momentum, most recently demonstrated with the successful achievement of full-scale piloted two-way transition flight, a historic technical milestone that validates our product design and represents a major de-risk moment for Vertical. With this funding in place, Vertical is well positioned to continue executing against our roadmap to 2028 certification.”
Mark Angelo, Founder and President of Yorkville Advisors Global, LP, said: “We are pleased to support Vertical Aerospace as it advances toward certification and commercialization. The Company has demonstrated strong execution against all valuation metrics, and we are confident in Vertical’s well-defined strategy and long-term value potential. Our funding commitment reflects our conviction in Vertical’s ability to deliver on the next phases of its development.”
As previously announced, the comprehensive financing package comprises three components: (i) the maturity extension of existing convertible secured notes from Mudrick Capital and up to $50 million of new additional notes subject to certain conditions, issuable in tranches over 12 months, and on the same terms as the existing notes; (ii) up to $250 million of Series A Convertible Preferred Equity facility provided by Yorkville Advisors Global, issuable at the Company’s option in tranches over a term of 24 months, subject to certain conditions; and, (iii) an equity line of credit of up to $500 million over a term of 36 months provided by Yorkville, with the ability for the Company to draw on it from time to time subject to customary conditions.
The comprehensive financing package provides Vertical with access to capital to support achievement of its strategic milestones through to certification, targeted in 2028. Beyond the successfully completed piloted transition flight announced on April 16, 2026, these include achieving Critical Design Review for Valo; public flight demonstrations of the current prototype; progressing its hybrid-electric demonstrator; expanding the Vertical Energy Center; advancing construction of its aircraft manufacturing facility; and beginning production of the first full-scale Valo certification aircraft.
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions, designed to fly up to 100 miles at speeds of up to 150 mph. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo, Evolito, Isoclima and Aciturri, with its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical's experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the design and manufacture of our aircraft and the hybrid-electric variant; certification and the commercialization of our aircraft and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all; the features and capabilities of the aircraft; business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected; selection of suppliers; the differential strategy compared to our peer group; expectations surrounding pre-orders and commitments; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2026, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260420705454/en/
For more information:
Media: Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357463
Investor Relations: Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +447816 459 904
Original: Vertical Aerospace Announces Execution and Closing of Comprehensive Financing Package of up to $850 Million
US Market News
2月前
Vertical Aerospace Achieves World First Two-Way Piloted Transition FlightApril 16, 2026 6:41 AM
Business Wire
First eVTOL to complete two-way piloted transition – switching from helicopter mode to airplane mode and back again - under civil aviation Design Organisation Approval regulatory oversight
Advances Valo’s path to certification, targeted for 2028, with entry into service expected shortly thereafter on routes such as Canary Wharf to Heathrow and JFK to Manhattan
Reinforces UK leadership in next-generation aerospace, supporting high-skill jobs and export growth
Vertical Aerospace (“Vertical” or “the Company”) (NYSE: EVTL), a global aerospace and technology company pioneering electric aviation, has successfully completed a historic two-way piloted transition flight.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260416648511/en/On 14 April 2026, Vertical became the second company globally to complete a two-way piloted transition flight in a full-scale tiltrotor eVTOL and the first to do so under civil aviation Design Organisation Approval regulatory oversight.
On 14 April 2026, Vertical became the second company globally to complete a two-way piloted transition flight in a full-scale tiltrotor eVTOL and the first to do so under civil aviation Design Organisation Approval regulatory oversight.
Chief Test Pilot Simon Davies completed the flight – transitioning from vertical take-off to wingborne cruise and back to vertical landing - all in one continuous flight. This builds on Vertical’s thrustborne transition on 2 April 2026 and marks the completion of two-way transition, the defining capability of eVTOL aviation.
Put simply, this is what makes electric air taxis possible. Transition flight validates the technology which will enable Valo, Vertical’s commercial aircraft, to take off vertically from a city-centre vertiport or rooftop with passengers, fly efficiently at speed like an airplane, and land vertically at its destination – comfortably, quietly and without a runway. This unlocks planned real-world routes such as Canary Wharf to Heathrow or JFK to Manhattan, making them operationally and commercially viable.
Stuart Simpson, CEO, Vertical Aerospace, said: “This is now the most significant technical milestone in our history. Full piloted transition is the most critical and complex challenge in eVTOL development, and we’ve achieved it under more rigorous regulatory oversight than anyone in the category. We’re not just participating in this industry - we are helping to define it. Our focus now is on executing our roadmap and bringing certified electric flight into commercial service.”
Path to Certification
As with all Vertical flight tests since 2023, this milestone was achieved under the direct oversight of the UK Civil Aviation Authority (CAA), who are working in close collaboration with the European Union Aviation Safety Agency (EASA) toward Type Certification of Valo. Testing is conducted under Vertical’s Design Organisation Approval, a pre-requisite for entry into service.
With all phases of flight now proven - vertical take-off, wingborne flight and transition between the two - Vertical is moving into the next stage of certification testing. This will include critical design review, when the aircraft design is locked, followed by the build of seven pre-production Valo aircraft in the UK for compliance and verification testing with the CAA and EASA.
Vertical is targeting certification of Valo in 2028 to the highest safety standards in the category, with entry into service expected shortly thereafter. The certification approach is designed to be transferable to other regulators, including the US Federal Aviation Administration (FAA), Brazil’s National Civil Aviation Agency (ANAC) and the Japan Civil Aviation Bureau (JCAB), supporting global deployment with airline and operating partners including American Airlines, Avolon, Bristow, GOL and Japan Airlines.
Steve Johnson, Vice Chair and Chief Strategy Officer, American Airlines, said: “Advanced air mobility represents a natural extension of American’s broader commitment to innovation and shaping the next era of aviation. As both an investor and long-term supporter of Vertical Aerospace, we share a clear ambition to make safe, scalable, and sustainable eVTOL flight a reality, and today's news is a foundational step toward that end. Together, we’re not just imagining the future of travel, we’re actively building it.”
UK Secretary of State for Business and Trade, Peter Kyle, said: “This is a fantastic milestone not only for Vertical, but for the UK’s position in the future of aerospace as we continue to lead the way on zero emission flight.
“Through our Industrial Strategy and the Aerospace Technology Institute we’re backing companies like Vertical who are demonstrating the kind of innovation, engineering excellence and export potential that can keep Britain at the forefront of the global aerospace industry, and create high-skilled jobs for local people.”
Bob Buddecke, president, Electronic Solutions, Honeywell Aerospace, said: “Successful transition flight represents meaningful progress not only for Vertical, but for the entire advanced air mobility industry.
“Our Compact Fly-by-Wire team worked closely with Vertical’s team to help enable the successful flight, and we expect countless more to come. Vertical’s progress underscores the strength of our joint engineering approach and the importance of disciplined system integration in bringing next-generation aircraft to market.”
A Major Opportunity for the UK
As Europe’s only eVTOL developer to achieve full piloted transition, this milestone reinforces the UK’s position at the forefront of next-generation aerospace.
Vertical expects its UK-based manufacturing and supply chain to support thousands of high-skilled jobs and significant export growth, with its ecosystem projected to grow to over 2,000 jobs by 2035.
Progressing Key Strategic Milestones
Vertical will continue its focus on executing key strategic milestones over the next twelve months and beyond. These include public flight demonstrations, including at Farnborough International Airshow in July, progression of the hybrid-electric demonstrator, expansion of the Vertical Energy Center, advancement of the manufacturing facility, and production of the first full-scale Valo certification aircraft.
Vertical’s piloted flight test programme explainer:
Phase 1: Tethered – stabilised hover while tethered (Completed September 2024)
Phase 2: Thrustborne – vertical take-off, landing and low-speed manoeuvres (Completed February 2025)
Phase 3: Wingborne – conventional take-off, flight and landing (Completed September 2025)
Phase 4: Transition – transitioning between thrustborne and wingborne flight
Thrustborne transition (vertical take-off to wingborne flight): Completed April 2026
Two-way transition (including return to vertical landing): Completed April 2026
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions, designed to fly up to 100 miles at speeds of up to 150 mph. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo, Evolito, Isoclima and Aciturri, with its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical's experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the design and manufacture of our aircraft and the hybrid-electric variant; certification and the commercialization of our aircraft and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all; the features and capabilities of the aircraft; business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected; selection of suppliers; the differential strategy compared to our peer group; expectations surrounding pre-orders and commitments; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2026, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260416648511/en/
For more information:
Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357463
Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +447816 459 904
Original: Vertical Aerospace Achieves World First Two-Way Piloted Transition Flight
US Market News
2月前
Vertical Aerospace Achieves Historic Piloted Thrustborne TransitionApril 6, 2026 6:14 AM
Business Wire
Industry first under strict oversight of the UK Civil Aviation Authority (CAA), which is working in close collaboration with the European Union Aviation Safety Agency (EASA) toward certification of Vertical’s electric aircraft
Thrustborne transition achieved: piloted aircraft takes off vertically and accelerates seamlessly into energy-efficient wingborne cruise – marking final step before two-way transition
Thrustborne transition achieved concurrently with the recently announced agreement in principle for a financing package of up to $850 million
Vertical Aerospace (“Vertical” or “the Company”) (NYSE: EVTL), a global aerospace and technology company pioneering electric aviation, today announced a landmark achievement in aviation history: piloted thrustborne transition by a full-scale eVTOL aircraft, taking off vertically like a helicopter and transitioning seamlessly into wingborne flight like a fixed-wing aircraft.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260406472471/en/Test Pilot Paul Stone flew the transition sequence at Vertical’s Flight Test Centre at Cotswold Airport on 2 April 2026.
This milestone unlocks the defining capability of eVTOL aviation and places Vertical at the forefront of the global advanced air mobility industry.
This marks a first for a piloted, full-scale eVTOL aircraft of this class operating under the oversight of the UK Civil Aviation Authority (CAA), which is working in close collaboration with the European Union Aviation Safety Agency (EASA) toward certification of Vertical’s electric aircraft, Valo.
This is the most significant technical milestone in Vertical’s ten-year history and represents the completion of the first half of the two-way transition sequence. In two-way transition, the aircraft takes off vertically, flies on the wing, and then decelerates to land vertically — without the need for a runway, enabling seamless point to point flight from helipads, vertiports and rooftops.
On April 2nd, 2026, Test Pilot Paul Stone flew the transition sequence at Vertical’s Flight Test Centre at Cotswold Airport. The aircraft took off vertically before the front propellers tilted forward, enabling a smooth acceleration into wingborne flight as the rear propellers stowed, followed by a conventional runway landing.
This flight demonstrates the aircraft’s ability to perform one of the most complex challenges in aviation: transferring lift from propellers to wings in real-world conditions, at full scale.
This milestone was achieved concurrently with Vertical announcing an agreement in principle for a financing package of up to $850 million on March 30th, 2026, to provide immediate capital and access to additional flexible capital as the Company continues to progress towards type certification and the commencement of commercial operations.
A systematic approach towards two-way transition
This achievement builds on nearly two years of piloted flight testing under strict regulatory oversight. During this time, the aircraft has demonstrated all key phases of eVTOL flight, including hover, vertical take-off, wingborne flight, and vertical landing. Additional milestones include the first winged eVTOL flight in open European airspace and an airport-to-airport flight at the Royal International Air Tattoo.
Vertical is systematically expanding the transition envelope from both ends — accelerating from hover and decelerating from wingborne flight — with this latest flight completing the former.
Supporting certification
Each expansion of the flight envelope is conducted under a strict Permit to Fly regime and contributes directly to the certification path for Valo, Vertical’s commercial aircraft.
Every test flight is supported by extensive structural testing, systems validation, simulator work, and the submission and review of detailed evidence to regulators before progressing further.
Stuart Simpson, Chief Executive Officer at Vertical Aerospace, said: “This marks a turning point not just for Vertical Aerospace, but for the entire advanced air mobility industry. Achieving piloted thrustborne transition under active regulatory oversight — alongside the recently announced financing package — demonstrates that we have solved the hardest engineering challenges, have the regulatory relationships to complete certification, and now have the financial foundation to see this through to commercial service.”
David King, Chief Engineer at Vertical Aerospace, said: “Completing this piloted transition milestone is a profound achievement and the result of years of engineering innovation and disciplined test execution. The aircraft performed exactly as designed, transitioning smoothly and under full control — proving the core elements of Vertical’s distributed electric propulsion and tiltrotor technology at full scale, in real flight conditions. This is not yet final mission accomplished, but it is a pivotal technical proof point on our path to two-way transition.”
Paul Stone, Test Pilot at Vertical Aerospace, said: “This aircraft was made to transition. From the moment the front propellers tilted and the aircraft began to accelerate, the response was exactly as the simulation predicted — smooth, stable, and fully under control throughout. What the engineering team has built here is genuinely extraordinary. The aircraft handled the transition with a level of confidence that gives me great optimism for everything that comes next.”
Vertical’s piloted flight test programme explainer:
Phase 1: Tethered – stabilised hover while tethered (Completed September 2024)
Phase 2: Thrustborne – vertical take-off, landing and low-speed manoeuvres (Completed February 2025)
Phase 3: Wingborne – conventional take-off, flight and landing (Completed September 2025)
Phase 4: Transition – transitioning between thrustborne and wingborne flight
Thrustborne transition (vertical take-off to wingborne flight): Completed April 2026
Two-way transition (including return to vertical landing): In progress
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions, designed to fly up to 100 miles at speeds of up to 150 mph. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo, Evolito, Isoclima and Aciturri, with its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical's experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding: the Company's path to and expected timing of certification milestones including transition flight of the Valo aircraft; the business strategy and plans and objectives of management for future operations, including the manufacturing facilities and battery production capabilities, certification and the commercialization of the Valo aircraft and the hybrid-electric Valo variant and the timing thereof; our ability and plans to raise additional capital to fund our operations; the availability of the financing package referred to in this press release, for which the agreement in principle is non-binding, and which remains subject to the execution of definitive documents and satisfaction of other conditions; our future results of operations and financial position and expected financial performance and operational performance, liquidity, growth and profitability strategies; our plans for capital expenditures which could be higher than anticipated; the design and manufacture of the Valo aircraft; the differential strategy compared to our peer group; the features and capabilities of the Valo aircraft; expectations surrounding pre-orders and commitments; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected. The targets, expectations and estimates included in this report were prepared by the Company’s management team based on information available at the time such information was developed and reflects numerous assumptions, including those related to general business, economic, market, and financial conditions, as well as other factors that are difficult to predict and many of which are beyond the Company’s control. The Company believes the assumptions underlying such targets, expectations and estimates were reasonable at the time such information was prepared. However, important factors that may affect actual results and cause the results reflected in such targets, expectations and estimates not to be achieved including, among other things, risks and uncertainties relating to the Company’s business, industry performance, the regulatory environment, and general business and economic conditions, as discussed under the caption “Risk Factors” in the Company’s Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2026, as such factors may be updated from time to time in the Company’s other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260406472471/en/
For more information:
Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357463
Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +447816 459 904
Original: Vertical Aerospace Achieves Historic Piloted Thrustborne Transition
US Market News
3月前
Vertical Aerospace Assembles Comprehensive Financing Package of up to $850 millionMarch 30, 2026 9:15 AM
Business Wire
The company today raised $50 million of common equity and expects to receive a further $30 million over the coming weeks, representing approximately $160 million of available capital to execute key certification milestones over the remainder of 2026.
In addition to the equity raise, the new comprehensive financing package agreement in principle provides for access to up to $800 million in additional committed capital, across a range of facilities through 2027 and beyond.
Existing convertible notes held by Mudrick Capital to be amended to extend maturity from December 2028 to December 2030, ensuring debt matures after planned 2028 certification and first Valo deliveries to customers; Mudrick also to purchase up to $50 million of new additional convertible secured notes.
Financing package structured to give Vertical ability to optimize its facility options to promote capital efficiency and access capital when and how it chooses.
Vertical Aerospace [NYSE: EVTL] ("Vertical" or "the Company"), a global aerospace and technology company that is pioneering electric aviation, today announced the signing of an agreement in principle as part of a financing package totaling up to $850 million.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260330901416/en/Vertical's Valo certification aircraft, launched in December 2025.
The new comprehensive financing package provides Vertical with access to a capitalized runway to build upon the Company’s significant operational progress and support achievement of its strategic milestones over the next 12 months and beyond. These include completing piloted transition flight, public flight demonstrations of the current prototype, progressing its hybrid-electric demonstrator, expanding the Vertical Energy Center, advancing construction of its aircraft manufacturing facility, and beginning production of the first full-scale Valo certification aircraft.
The Company is now positioned to have approximately $160 million of working capital in the near term, combining the $50 million of equity capital raised today and $30 million to be drawn under the facilities immediately on their execution with existing cash on hand and anticipated tax relief and government grants.
Overview of Comprehensive Financing Package
The comprehensive financing package is structured to provide Vertical with access to capital across multiple instruments. Mudrick Capital Management, L.P. (“Mudrick Capital”) and Yorkville Advisors Global, LP (“Yorkville”) partnered with the Company to assemble the financing package. It comprises four components:
Equity Capital Issuance – $50 million. The Company today closed the new issuance of ordinary shares, raising $50 million of immediate working capital.
Convertible Secured Notes – Maturity Extension and Up to $50 million of New Notes. Mudrick Capital has agreed as part of the agreement in principle to amend the Company’s existing 10.00% / 12.00% PIK Convertible Secured Notes to extend their maturity from December 2028 to December 2030 – ensuring debt matures after planned certification in 2028. Mudrick Capital also agreed in principle to provide a facility under which it would purchase up to $50 million of new additional convertible secured notes subject to certain conditions, issuable in tranches over 12 months, and on the same terms as the existing notes.
Series A Convertible Preferred Equity – Up to $250 million. Yorkville has agreed in principle to purchase up to $250 million of Series A Convertible Preferred Shares of the Company, issuable at the Company's option in tranches over 24 months, subject to certain conditions. The preferred shares are to carry a 0% dividend, and convert at a share price determined at individual tranche issuance and conversion dates, in the ordinary course.
Equity Line of Credit — Up to $500 million. Yorkville also has agreed in principle to provide an equity line of credit of up to $500 million over 36 months, with the ability for the Company to draw on it from time to time subject to customary conditions. This structure would enable Vertical to raise common equity at progressively higher prices as it achieves key milestones, capturing the full benefit of valuation appreciation for existing shareholders.
Pursuant to the agreement in principle, the parties have committed to use best efforts to execute the definitive documents by April 19, 2026, at which point the full suite of capital facilities would become available to the Company.
A Path to Certification-Driven Value Creation
This comprehensive financing package enables Vertical’s delivery of the technical and operational milestones on its strategic road map. Vertical also maintains freedom and flexibility to access other capital sources outside of the package in the future. By shoring up its balance sheet, the Company believes the market can now focus on its core product potential and business fundamentals.
"Today marks a new dawn for Vertical Aerospace. We have assembled a comprehensive, flexible financing package designed to execute our strategic plan, and materially strengthened our ability to build and certify Valo. We are grateful to Mudrick Capital and Yorkville for their support of our technology, team and mission." - Stuart Simpson, Chief Executive Officer, Vertical Aerospace
"We have backed Vertical Aerospace since 2021 because we believe they are building the most technically advanced aircraft in the industry. This financing package is designed to give Vertical ample runway and the financial foundation it needs to achieve certification, enter commercial service, and realize the substantial value we see in this business. We are proud to be deepening our commitment at this pivotal stage." - Jason Mudrick, Chief Investment Officer, Mudrick Capital Management
"Over the past year, we’ve had extensive conversations with existing and prospective shareholders about what matters most as we move through our next phase: disciplined, milestone-aligned access to capital. This financing package provides immediate working capital and provides management with flexible tools to access additional capital in a manner that promotes capital efficiency, as we progress through our certification milestones. We are more excited than ever about Vertical's prospects." - Dómhnal Slattery, Chairman of the Board, Vertical Aerospace
Agreement in Principle Status
The parties have reached an agreement in principle on the key terms of the proposed facilities. The agreement in principle is nonbinding and remains subject to the negotiation and execution of definitive agreements, completion of due diligence and satisfaction of various other conditions. There can be no assurance that the parties will enter into definitive agreements or that any transaction will be consummated on the terms currently contemplated, or at all.
Any descriptions of the terms of the proposed facilities contained herein are summaries only, are non-binding and are subject in all respects to the negotiation, execution and delivery of definitive documentation and the satisfaction of any conditions precedent set forth therein. Access to the financing will be subject to the definitive agreements and market conditions.
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions, designed to fly up to 100 miles at speeds of up to 150 mph. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo, Evolito, Isoclima and Aciturri, with its own proprietary battery and propeller technology to develop the world's most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical's experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the anticipated benefits and terms of the financing package described herein, the expected timing of execution of definitive documentation, the Company's anticipated use of proceeds, statements regarding the Company's path to and expected timing of certification milestones including transition flight of the Valo aircraft, the Company's strategy to access capital in a capital-efficient and minimally dilutive manner, statements regarding anticipated improvements in the Company's equity valuation, and statements that include the words "expect," "intend," "plan," "believe," "project," "forecast," "estimate," "may," "should," "anticipate," "will," "aim," "potential," "continue," "are likely to" and similar statements of a future or forward-looking nature. The term sheet described herein is non-binding, and there can be no assurance that definitive documentation will be executed on the terms described or at all. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: negotiation, execution and delivery of definitive documentation for the facilities described herein upon the terms summarized herein, or at all, our limited operating history without manufactured non-prototype aircraft or completed eVTOL aircraft customer order; our potential inability to raise additional funds when we need or want them, or at all, to fund our operations; our potential inability to produce, certify or launch aircraft in the volumes or timelines projected; the potential inability to obtain the necessary certifications for production and operation within any projected timeline, or at all; our history of losses and the expectation to incur significant expenses and continuing losses for the foreseeable future; the market for eVTOL aircraft being in a relatively early stage; any accidents or incidents involving eVTOL aircraft could harm our business; our dependence on partners and suppliers for the components in our aircraft and for operational needs; and the other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission ("SEC") on March 24, 2026, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260330901416/en/
Enquiries please contact:
Media: Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357 463
Investor Relations: Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +44 7816 459 904
Original: Vertical Aerospace Assembles Comprehensive Financing Package of up to $850 million
US Market News
3月前
Vertical Aerospace Selects Isoclima as Strategic Transparency Partner for ValoMarch 27, 2026 7:00 AM
Business Wire
Isoclima to design and manufacture full transparency suite for Valo certification aircraft
Builds on established supplier relationships with Honeywell, Aciturri, Evolito and Syensqo
Vertical Aerospace (“Vertical” or “Company”) [NYSE:EVTL], a global aerospace and technology company that is pioneering electric aviation, today announced it has selected Isoclima S.p.A., a global leader in high performance transparent solutions, as a strategic supplier for the Valo aircraft.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260327737904/en/Isoclima will design and manufacture the full transparency suite for Vertical's Valo certification aircraft.
Under the agreement, Isoclima will design and manufacture the full transparency suite for Valo, including pilot and passenger canopies and glazing systems. This long-term partnership provides supply stability and technical continuity as Vertical advances the Valo programme through certification, production and entry into commercial service.
Certification and Commercialisation
Aircraft transparencies are certification-critical components. For eVTOL aircraft, they must withstand high operational cycles, bird-strike requirements, structural loads and environmental stress - while maintaining exceptional visibility and durability.
Early engagement with a proven supplier is essential to protecting certification timelines and reducing programme risk. Isoclima’s vertically integrated capabilities, including in-house bird-strike testing and advanced modelling, will support the Valo programme into commercialisation.
A Proven Aerospace and Industrial Partner
Isoclima is a recognized global partner in aerospace transparencies, supplying certified glazing systems to global OEMs. Beyond aerospace, Isoclima also operates across high performance, safety-critical sectors, including civilian armored vehicles and high performance cars, defense and security, rail and high-speed mobility, high-end yachting, security architecture and advanced technologies collaborations.
This cross-sector expertise in complex, transparent solutions enables continuous innovation in materials, geometries, and performance, directly benefitting next generation aerospace platforms like Vertical in its strategy of partnering with experienced industrial suppliers capable of scaling production. The agreement further formalises the core supply chain for Valo, alongside Honeywell, Aciturri, Evolito and Syensqo.
Stuart Simpson, CEO at Vertical Aerospace, said:
“Delivering Valo requires world-class partners with deep certification expertise and proven manufacturing capability. Isoclima brings both. This partnership strengthens our supply chain and supports our path to bringing a certifiable, scalable aircraft to market.”
Liviana Forza, CEO, at Isoclima, said:
“We are proud to partner with Vertical Aerospace on the Valo programme. This collaboration reflects our commitment to enabling next-generation mobility through advanced, certified transparencies. Leveraging our aerospace heritage and cross-sector innovation capabilities, we are well positioned to support Valo from development through certification and into industrial scale production.”
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion system.
About Isoclima
Isoclima Group is an international leader in the design, engineering, and production of high-performance transparent solutions for aerospace, civilian and military armored vehicles, high performance cars, yachting, rail, and security architecture.
Recognized worldwide for innovation, quality, and customization, Isoclima guarantees safety, strength combined with lightness – as required in aviation – complex curvatures, durability, excellent optical quality, and compliance with the most stringent regulations. The company collaborates with leading global players and continues to invest in cutting-edge technologies to ensure safety, performance, and sustainability.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding a long-term partnership with Isoclima for the design, development, qualification, and serial production of aircraft transparencies, Isoclima’s supply and obligations under the partnership agreement, the efficiencies, reliability and expertise expected, the design and manufacture of our aircraft and the hybrid-electric variant, certification and the commercialization of our aircraft and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, the features and capabilities of the aircraft, business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected, completion of the piloted test programme phases, selection of suppliers; the differential strategy compared to our peer group; expectations surrounding pre-orders and commitments; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 11, 2025, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260327737904/en/
For more information:
Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357 463
Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +447816 459 904
Original: Vertical Aerospace Selects Isoclima as Strategic Transparency Partner for Valo
US Market News
3月前
Vertical Aerospace Advances Piloted Flight Testing, Manufacturing and Demand for ValoMarch 24, 2026 6:30 AM
Business Wire
Valo launched, driving renewed customer and partner demand
Significant piloted flight phases completed; transition testing underway
Manufacturing expansion supports early production and recurring revenue streams
FY25 results and Annual Report released; webcast at 08:30 ET (12:30 GMT)
Vertical Aerospace (“Vertical” or “the Company”) (NYSE: EVTL), a global aerospace and technology company pioneering electric aviation, today released its 2025 Annual Report, including FY25 financial results and an update on its flight test programme, manufacturing progress and commercial momentum.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260324033701/en/Test pilot Paul Stone in flight during transition testing of Vertical’s prototype at the Company’s UK Flight Test Centre, 23 March 2026.
The Annual Report is available on the Company’s Investor Relations website and at www.sec.gov.
Vertical will host a webcast today at 08:30 ET (12:30 GMT), led by Chair Dómhnal Slattery, CEO Stuart Simpson and Chief Engineer David King.
Ahead of the call, Stuart Simpson, CEO of Vertical Aerospace, said:
“We’ve made strong progress across the business – achieving key piloted flight milestones, advancing transition testing and launching Valo to the market. The response from customers and partners has been very encouraging, with renewed order activity and growing confidence in our programme. We are now firmly focused on certification and scaling production.”
Valo Driving Market Demand
Vertical launched Valo, its commercial eVTOL aircraft, in 2025. Designed for 4–6 passengers, Valo’s large cabin size and modular architecture enables applications across emergency medical services, cargo, and defence.
Valo has been showcased across London, New York, Miami and Atlanta, engaging airline partners, investors, regulators, suppliers and infrastructure providers, including the development of potential route networks.
The Company has reopened its order book, reflecting increased confidence in programme progress and demand. Recent orders from JetSetGo and Heli Air Monaco support early market development in India and along the Côte d’Azur.
Advancing Flight Testing Toward Certification
Vertical completed key piloted flight phases in 2025 - hover, vertical flight (VTOL) and wingborne flight (CTOL) - including the first winged eVTOL flight in open European airspace and airport-to-airport flight at the Royal International Air Tattoo.
Following 20 months of piloted flight tests, transition testing began in November 2025 under UK Civil Aviation Authority (CAA) oversight, focusing on seamless movement between vertical lift and wingborne flight. The Company is expanding the transition envelope from both ends, accelerating from hover (90 to 50 degrees tilt) and decelerating from wingborne flight (0 to 40 degrees), and recently completed a wingborne tilt profile with controlled rear propeller deployment and re-stow.
A third, and final, identical full-scale prototype was completed in December to provide increased flight capacity and has begun ground testing ahead of demonstration flight tests this year.
Scaling Manufacturing to Support Certification and Early Production
Vertical recently launched its battery pilot production line at its Vertical Energy Centre (VEC), enabling production of battery packs for certification aircraft and initial commercial deliveries. VEC2, a new 30,000 sq ft facility adjacent to the existing site, is expected to open later this year and will significantly ramp-up battery build and manufacture.
Beyond aircraft sales, batteries represent a key long-term revenue opportunity. Vertical expects to supply approximately 20 battery packs per aircraft over its lifetime and up to ~45,000 battery sub-packs per year by 2035, targeting c.40% gross margins.
Vertical is advancing plans to expand its presence at Cotswold Airport following the signing of a letter of intent, bringing total space to approximately 130,000 sq ft. Located adjacent to the existing Flight Test Centre, this site is expected to deliver production capacity of more than 25 Valo aircraft annually.
Financials and Outlook
Vertical strengthened its balance sheet in 2025, completing two public equity raises and establishing an “at the market” facility, securing over $175 million in capital.
The Company maintained strong capital discipline, with FY25 net cash used in operations of approximately $112 million (£83 million), in line with guidance.
Looking ahead, Vertical expects net cash outflows of approximately $195 million (£145 million) over the next 12 months, reflecting increased investment in flight testing, certification and manufacturing.
As of December 31, 2025, the Company held approximately $93 million (£69 million) in cash and cash equivalents.
As of the date of this report, Vertical’s short-term liquidity includes cash on hand (approximately $58 million / £43 million) and anticipated near-term receipts from R&D tax reliefs (approximately $23 million / £17 million) and government grants & VAT (approximately $5 million / £4 million).
Webcast Details
To access the webcast, visit: https://investor.vertical-aerospace.com/events-and-presentations/events/
A replay will be available on the Company’s website.
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding: statements regarding our future results of operations and financial position as well as our expected financial performance and operational performance, liquidity, growth and profitability strategies, the business strategy and plans and objectives of management for future operations, including the manufacturing facilities and battery production capabilities, certification and the commercialization of the Valo aircraft and the hybrid-electric Valo variant on any particular timeline or at all, and the completion of piloted flight test programme; selection of suppliers; our ability and plans to raise additional capital to fund our operations; our plans for capital expenditures which could be higher than anticipated; the design and manufacture of the Valo aircraft; the differential strategy compared to our peer group; the features and capabilities of the Valo aircraft; potential revenue opportunities; projections relating to the number of aircrafts and battery packs sold and in operation; expectations surrounding pre-orders and commitments; the assumptions underlying the Company’s Flightpath 2030 goals; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected. The targets, expectations and estimates included in this report were prepared by the Company’s management team based on information available at the time such information was developed and reflects numerous assumptions, including those related to general business, economic, market, and financial conditions, as well as other factors that are difficult to predict and many of which are beyond the Company’s control. The Company believes the assumptions underlying such targets, expectations and estimates were reasonable at the time such information was prepared. However, important factors that may affect actual results and cause the results reflected in such targets, expectations and estimates not to be achieved including, among other things, risks and uncertainties relating to the Company’s business, industry performance, the regulatory environment, and general business and economic conditions, as discussed under the caption “Risk Factors” in the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 24, 2026, as such factors may be updated from time to time in the Company’s other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260324033701/en/
For more information:
Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357463
Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +447816 459 904
Original: Vertical Aerospace Advances Piloted Flight Testing, Manufacturing and Demand for Valo
US Market News
3月前
Vertical Aerospace Launches Battery Pilot Production Line for ValoMarch 18, 2026 7:03 AM
Business Wire
Bespoke battery assembly line operational to produce packs for Valo certification aircraft and first phase of commercial production
Further expansion of Vertical Energy Centre will triple battery production capacity
Vertical Aerospace (“Vertical” or “the Company”) (NYSE: EVTL), a global aerospace and technology company pioneering electric aviation, today announced that its battery pilot production line is now operational at its Vertical Energy Centre (VEC).
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260318105022/en/The Vertical Energy Centre has been upgraded with automated manufacturing processes designed to support certification and production.
Building on proven battery technology
The 15,000 sq ft Vertical Energy Centre opened in 2023 and has produced the battery systems used in the Company’s piloted flight testing since 2024. These proprietary batteries have demonstrated industry-leading performance, delivering up to 1.4 MW of peak power during flight testing.
The facility has now been upgraded with automated, aerospace-grade manufacturing processes designed to support certification and production, improving efficiency, consistency, and battery performance.
Vertical will use the pilot line to test and build the final battery packs for its seven Valo certification aircraft which will be used to take the aircraft through the final stages of its certification programme with the UK Civil Aviation Authority (CAA) and the European Union Aviation Safety Agency (EASA), while also providing capacity for the first phase of commercial production following certification, targeted for 2028.
Stuart Simpson, CEO of Vertical Aerospace, said:
“Bringing our automated battery production line online is a defining step in our journey toward certification and commercialisation. We are not only developing a world-class aircraft - we are building the industrial capability required to produce it. Vertical’s phased approach aligns manufacturing capability with its certification roadmap and early commercialisation strategy. By investing early in aerospace-grade battery manufacturing, we are reducing integration risk, strengthening supply chain control and preparing for commercial service.”
Industrial capacity supporting commercialization
Vertical’s proprietary battery system powers both the electric Valo eVTOL aircraft and the hybrid-electric aircraft programme. While Vertical partners with tier-one aerospace suppliers including Honeywell, Aciturri and Syensqo across much of the aircraft’s development and assembly, the battery system remains a core in-house technology and a key value driver for the business.
Beyond aircraft sales, batteries are expected to generate recurring revenue throughout the aircraft lifecycle. Vertical expects to supply approximately 20 battery packs per aircraft over its operational life, creating long-term predictable revenue streams.
By 2035, Vertical expects to have supplied up to approximately 45,000 battery packs across its aircraft fleet.
Expanding manufacturing capability
Alongside the pilot production line, Vertical continues to expand its manufacturing capability through the development of Vertical Energy Centre 2 (VEC2), its powertrain hub.
VEC2, a new 30,000 sq ft facility adjacent to the existing site, is expected to open later this year and will triple battery production capacity. By 2027, Vertical expects to have invested £6.4 million / $8.5 million across the VEC and VEC2 facilities.
Growing UK Aerospace Capability
Vertical continues to expand its footprint in the South West of England, where the Company currently employs approximately 450 people. The Company expects to announce the location of its full-rate production and battery facilities, with locations in the UK and beyond under consideration and a final decision expected later this year, ready to meet Vertical’s manufacturing ramp up.
As production scales, Vertical expects the number of highly skilled jobs associated with its manufacturing ecosystem to rise to at least 2,220 by 2035.
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL. Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding: the business strategy and plans and objectives of management for future operations, including the manufacturing facilities and battery production capabilities, certification and the commercialization of the Valo aircraft and the hybrid-electric Valo variant and the timing thereof; our ability and plans to raise additional capital to fund our operations; our future results of operations and financial position and expected financial performance and operational performance, liquidity, growth and profitability strategies; our plans for capital expenditures which could be higher than anticipated; the design and manufacture of the Valo aircraft; the differential strategy compared to our peer group; the features and capabilities of the Valo aircraft; expectations surrounding pre-orders and commitments; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected. The targets, expectations and estimates included in this report were prepared by the Company’s management team based on information available at the time such information was developed and reflects numerous assumptions, including those related to general business, economic, market, and financial conditions, as well as other factors that are difficult to predict and many of which are beyond the Company’s control. The Company believes the assumptions underlying such targets, expectations and estimates were reasonable at the time such information was prepared. However, important factors that may affect actual results and cause the results reflected in such targets, expectations and estimates not to be achieved including, among other things, risks and uncertainties relating to the Company’s business, industry performance, the regulatory environment, and general business and economic conditions, as discussed under the caption “Risk Factors” in the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 11, 2025, as such factors may be updated from time to time in the Company’s other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260318105022/en/
For more information:
Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357463
Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +447816 459 904
Original: Vertical Aerospace Launches Battery Pilot Production Line for Valo
US Market News
3月前
Vertical Aerospace to Report FY 2025 Business & Strategy Update on 24 March 2026March 3, 2026 6:18 AM
Business Wire
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company pioneering electric aviation, today announces that it expects to host a webcast for its fourth quarter and full year 2025 financial results at 08:30 am ET (12:30 GMT) to discuss the update. The call will be hosted by Dómhnal Slattery, Vertical’s Chairman and Stuart Simpson, Vertical’s CEO.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260303563933/en/Recent piloted flight tests conducted by Chief Test Pilot, Si Davies
To access the webcast, visit Vertical’s Investor Relations website: https://investor.vertical-aerospace.com/events-and-presentations/events/. If unable to attend the webcast, to listen by phone, please dial +1 888 672-2415 or +1 646 307-1952; Conference ID 8066493.
A replay of the webcast will be available on the company website following the event.
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion system.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, the expectation to report the Company’s full-year audited financial results and business and strategy update on March 24, 2026, our future results of operations and financial position as well as our financial outlook, the design and manufacture of our aircraft and the hybrid-electric variant, certification and the commercialization of our aircraft and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, the features and capabilities of the aircraft, business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected, completion of the piloted test programme phases, selection of suppliers; the differential strategy compared to our peer group; expectations surrounding pre-orders and commitments; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 11, 2025, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260303563933/en/
For more information:
Justin Bates, Head of Communications – justin.bates@vertical-aerospace.com – +44 7878 357 463
Samuel Emden, Head of Investor Affairs – samuel.emden@vertical-aerospace.com – +44 7816 459 904
Original: Vertical Aerospace to Report FY 2025 Business & Strategy Update on 24 March 2026
US Market News
4月前
Vertical Aerospace Addresses Archer Aviation ClaimsFebruary 24, 2026 4:13 PM
Business Wire
Vertical Aerospace (“Vertical” or “Company”) [NYSE:EVTL], a global aerospace and technology company that is pioneering electric aviation, today provided the following statement in response to a patent infringement complaint filed by Archer Aviation in the U.S. District Court Eastern District of Texas:
Archer’s recent claims are without merit, and Vertical intends to defend those claims vigorously. Vertical has developed a robust aircraft design with a clear path to certification, underpinned by Vertical’s proprietary and market-leading technology and international IP portfolio. Archer’s claims are merely an attempt to distract from the challenges Archer is facing competing in the marketplace.
“Vertical’s aircraft architecture, proprietary technology stack and certification pathway have been independently developed over many years and are protected by a robust portfolio of intellectual property rights,” said Domhnal Slattery, Vertical Aerospace Chair. “Our focus remains firmly on execution and certification. That is where sustainable value is created - and that is where we are leading.”
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion system.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the design and manufacture of our aircraft and the hybrid-electric variant, certification and the commercialization of our aircraft and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, the features and capabilities of the aircraft, business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected, completion of the piloted test programme phases, selection of suppliers; the differential strategy compared to our peer group; expectations surrounding pre-orders and commitments; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 11, 2025, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260224467020/en/
For more information:
Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357 463 Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +447816 459 904
Original: Vertical Aerospace Addresses Archer Aviation Claims
US Market News
4月前
Vertical Aerospace Brings Valo to Miami, Showcasing the Future of Electric Inter-City TravelFebruary 18, 2026 6:20 AM
Business Wire
Free public display of electric aircraft - Bass Museum, Collins Park, February 24–25
Visitors can experience the premium four-seat aircraft designed for journeys up to 100 miles
Vertical outlines routes to connect Miami, Fort Lauderdale and Palm Beach in minutes
Display coincides with iConnections, offering attendees a first look at next-generation air mobility
Vertical Aerospace (NYSE: EVTL), a global aerospace and technology company pioneering electric aviation, today announced that its next-generation electric aircraft, Valo, will be on public display in Miami on 24-25 February at the Bass Museum in Collins Park.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260218946439/en/Valo will bring the future of urban and inter-city travel to life in Miami
Valo is being developed to bring the future of urban and inter-city travel to life - quieter, greener and more efficient than traditional transport. Designed to fly up to 100 miles at speeds of up to 150 mph, the aircraft features a premium cabin for four passengers, panoramic windows and generous space for luggage and pets. Vertical is also developing a hybrid-electric variant, targeted to fly up to 1,000 miles.
Visitors are invited to see the aircraft up close, meet the team behind its development, and explore how Valo could reshape travel across South Florida.
“A New Perspective on Miami”
Miami is defined by its coastline, culture and vibrant experiences, yet traffic congestion often limits how much of the area can be experienced in a single day. Valo is designed to change that.
Vertical is working with operating and infrastructure partners to explore a network for its electric and hybrid-electric aircraft across South Florida that would transform key journeys. Example hubs and routes include:
Coastal Corridor - Miami to Palm Beach
MIA ↔ PBI | ~65 miles | ~36 minutes
A predictable alternative to a 90+ minute drive, connecting South Florida’s two most dynamic coastal hubs.
Premium event access – Opa Locka to Watson Island
Opa Locka (OPF) ↔ Watson Island | ~15 miles | ~9 minutes
Connecting South Florida’s busiest private aviation hub to the region’s closest landing zone to Miami Beach - ideal for major events, cruise departures and waterfront.
Business and lifestyle corridor – Boca to Watson Island
Boca ↔ Watson Island | ~42 miles | ~23 minutes
Connecting Boca’s business, golf and residential communities with Miami Beach.
Regional City Link - Miami to Fort Lauderdale
MIA ↔ FLL | ~21 miles | ~13 minutes
Connecting Miami and Fort Lauderdale’s business districts, cruise terminals and aviation hubs in under 15 minutes.
Miami-Dade County Mayor, Daniella Levine Cava, said:
“I am thrilled about Vertical Aerospace’s plans to make Miami-Dade County one of the first areas in the country with advanced air mobility. This development moves our community closer to the future of air travel, enhanced connectivity, and new economic opportunities for Miami-Dade County. MIA and our general aviation airports are some of the busiest airports in the country for private aviation, which makes Miami-Dade County the perfect launch site for AAM.”
Stuart Simpson, CEO at Vertical Aerospace, said:
“Valo offers a new way to experience Miami - turning time lost in traffic into time gained. Imagine landing near Fort Lauderdale and reaching your tee time without touching I-95. Leaving Miami for Palm Beach after lunch and being back for sunset. Or taking a quiet electric flight over Biscayne Bay as the skyline turns gold. As electric aviation moves closer to commercialisation, we are working with our customers and operating partners to deliver real-world connections that are faster, cleaner and designed around the passenger.”
Miami: A Strategic Hub
Miami is a major global aviation hub and an important gateway to Latin America and the Caribbean. As Vertical continues to explore opportunities with airline and operator partners, the region represents a compelling market for potential future regional electric operations.
Exploring Network Partnerships
Vertical is working with leading infrastructure partners to explore the development of key routes in the area for its airline and operator customers, including the joint venture between UrbanV - a global leader in Advanced Air Mobility (AAM) infrastructure - and Signature Aviation, the world’s largest network of private aviation terminals; Skyports Infrastructure, a leader in the design, build and operation of vertiports for helicopters and eVTOL aircraft; and Vertiports by Atlantic Aviation.
Experience Valo at iConnections Miami
Valo will be on free public display as part of iConnections, the world’s largest capital introduction event. Members of the public and attendees can see the aircraft at the following times at the Bass Museum in Collins Park, 2100 Collins Avenue, Miami Beach, FL:
Tuesday, 24 February 2026: 09:00AM – 4:00PM ET
Wednesday 25, February 2026: 09:00AM – 6:30PM ET
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the public display at iConnections; the ability to launch the projected routes and expected journey times; the certification and the commercialization of the Valo aircraft and the timing thereof; the design and manufacture of the Valo aircraft; the features and capabilities of the Valo aircraft; the business strategy and plans and objectives of management for future operations, including capital expenditure requirements, which may be higher than anticipated; the differential strategy compared to our peer group; expectations surrounding pre-orders and commitments; our plans for capital expenditures, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 11, 2025, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260218946439/en/
For more information:
Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357 463
Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +44 7816 459 904
Original: Vertical Aerospace Brings Valo to Miami, Showcasing the Future of Electric Inter-City Travel
US Market News
4月前
Vertical Aerospace Signs Strategic MoU with AHQ Group and Saudi National Industrial Development Centre to Accelerate AAM in the KingdomFebruary 10, 2026 5:00 AM
Business Wire
MoU sets up collaboration on industrial development, commercial deployment and investment opportunities for Advanced Air Mobility in Saudi Arabia
Vertical believed to be the only eVTOL OEM actively assessing both in-country manufacturing and investment opportunities with a Ministerial body in the Kingdom
Partnership aligned to the Kingdom’s Vision 2030 and Vertical’s global scale-up strategy
Vertical Aerospace (“Vertical” or the “Company”) [NYSE:EVTL], a global aerospace and technology company pioneering electric aviation, today announced the signing of a strategic three-party Memorandum of Understanding (“MoU”) with Abdel Hadi Abdullah Al-Qahtani & Sons Group of Companies (Tariq Al-Qahtani & Brothers) (“AHQ Group”), a leading Saudi industrial conglomerate, and the Saudi National Industrial Development Centre (“NIDC”), part of the Ministry of Industry and Mineral Resources.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260210942356/en/Vertical Aerospace CEO Stuart Simpson with executive leadership from AHQ Group and NIDC at the MOU signing in Riyadh.
The MoU, signed in Riyadh, establishes a framework to explore the development of a long-term Advanced Air Mobility (AAM) ecosystem in the Kingdom of Saudi Arabia, aligned with Vision 2030, the country’s national programme to diversify its economy and build advanced industrial capability.
Building an AAM ecosystem aligned with Vision 2030
Under the MoU, the parties will evaluate a broad set of opportunities spanning manufacturing localization, commercial eVTOL operations and potential investment and incentive opportunities, supporting Vertical’s certification programme and long-term growth. Saudi Arabia represents one of the largest and most attractive emerging markets for AAM globally, with the potential to support the operation of over 1,000 Valo aircraft – Vertical’s industry leading commercial aircraft.
As a leading Saudi industrial group, AHQ Group will support the evaluation of industrial, commercial and investment structures required to establish a scalable and sustainable AAM ecosystem in the Kingdom.
Together, Vertical, AHQ Group and NIDC will explore how Saudi Arabia can become a regional hub for electric aircraft manufacturing, battery systems and AAM services, supporting Vision 2030’s ambitions for industrial diversification, highly skilled job creation and clean transport.
Stuart Simpson, CEO of Vertical Aerospace, said: “Saudi Arabia is one of the most strategically important future markets for Advanced Air Mobility. Signing this MoU here in Riyadh reflects the Kingdom’s ambition to build a world-class aerospace industrial capability under Vision 2030. Partnering with AHQ Group and NIDC brings together deep industrial expertise, capital strength and a shared commitment to establishing Saudi Arabia as a regional leader in this new sector.”
Chairman Tariq Abdel Hadi Al-Qahtani, AHQ Group, said: “Advanced Air Mobility represents a new frontier for Saudi Arabia’s industrial and mobility ambitions. Through this MoU with Vertical Aerospace and NIDC, we are exploring potential investment opportunities to build a scalable, globally competitive AAM ecosystem that combines advanced manufacturing, sustainable mobility and long-term economic value. AHQ Group brings deep industrial experience and local insight, and we see this partnership as an important step in supporting Vision 2030’s goals for diversification, innovation and high-quality job creation.”
Eng Saleh Al Solami, CEO of the National Industrial Development Centre (NIDC), added: “This MoU reflects NIDC’s mandate to enable advanced industries and attract high-value manufacturing to the Kingdom. Advanced Air Mobility has the potential to become a strategic industrial sector for Saudi Arabia, spanning aircraft manufacturing, battery systems and future mobility services. Working with Vertical Aerospace and AHQ Group allows us to assess potential pathways for localisation, investment and incentives, positioning the Kingdom as a regional hub for next-generation aerospace technologies in line with Vision 2030.”
Valo - engineered for the region
Valo will be Vertical’s certification electric aircraft, designed to fly up to 160km at speeds of 240 km/h with zero operating emissions and engineered to meet airliner-level safety standards. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility.
Valo has been engineered to operate in hot, high-demand environments, making it particularly well-suited to Saudi Arabia and the wider GCC region. Key characteristics include:
High payload capability to support full commercial operations in extreme heat;
Operating performance up to 50 degrees Celsius or 122 degrees Fahrenheit.
Advanced thermal management systems to ensure reliability, performance and passenger comfort.
Batteries installed in the fuselage, thermally isolated from solar radiation and extreme heat.
Designed to the most rigorous safety standards under UK Civil Aviation Authority (CAA) and European Union Aviation Safety Agency (EASA) certification requirements.
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the Advanced Air Mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.
Forward-Looking Statements
This Press Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that relate to Vertical’s current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and 21E of the Exchange Act. Any express or implied statements contained in this release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the expected benefits of the Memorandum of Understanding by and among Vertical, Abdel Hadi Abdullah Al-Qahtani & Sons Group of Companies and the Saudi National Industrial Development Centre disclosed herein, including a framework to explore the development of a long-term Advanced Air Mobility (AAM) ecosystem in the Kingdom of Saudi Arabia, the design and manufacture of Valo, including its operations in hot climates, the features and capabilities of Valo and the hybrid-electric variant, expectations surrounding pre-orders and commitments, business strategy and plans and objectives of management for future operations, including the building and testing of Vertical’s prototype aircrafts on timelines projected, completion of the piloted test programme phases, selection of suppliers, certification and the commercialization of Valo and the hybrid-electric variant, and Vertical’s ability to achieve regulatory certification of Vertical’s aircraft products on any particular timeline or at all, the transition towards a net-zero emissions economy, Vertical’s ability and plans to raise additional capital to fund Vertical’s operations, Vertical’s plans to mitigate the risk that we are unable to continue as a going concern, Vertical’s plans for capital expenditures, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “is/are likely to” and similar statements of a future or forward-looking nature. These forward-looking statements reflect Vertical’s current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the important factors discussed under the caption “Risk Factors” in Vertical's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 11, 2025, as such factors may be updated from time to time in Vertical’s other filings with the SEC. Any forward-looking statements contained in this release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. Vertical disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this release whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260210942356/en/
For more information:
Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357 463
Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +44 7816 459 904
Original: Vertical Aerospace Signs Strategic MoU with AHQ Group and Saudi National Industrial Development Centre to Accelerate AAM in the Kingdom
US Market News
4月前
Vertical Aerospace Selects Evolito as Electric Propulsion Unit Partner for ValoFebruary 5, 2026 4:00 AM
Business Wire
Evolito to supply electric propulsion units for Valo, Vertical’s commercial aircraft
Companies to jointly certify the electric engines with UK CAA and EASA
Evolito joins Honeywell, Syensqo and Aciturri as key suppliers, strengthening Valo’s path to commercialization
Vertical Aerospace (“Vertical” or “Company”) [NYSE:EVTL], a global aerospace and technology company that is pioneering electric aviation, today announced a new long-term partnership with Evolito, a leader in high-performance electric propulsion systems, to supply electric propulsion units (“EPUs”) - electric engines - that will power Valo, Vertical’s commercial eVTOL aircraft.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260205744625/en/Vertical Aerospace selects Evolito as electric engine partner for Valo
Under the agreement, Evolito will provide its unique EPU architecture, lightweight, efficient electric motors and high-integrity DAL-A power electronics, integrated into a single electric engine, providing the extended range, high performance and built-in redundancy required for Valo’s entry into commercial service. These are critical requirements for Valo’s certification to equivalent safety standards as large commercial airliners, targeted in 2028.
As part of the partnership, Vertical and Evolito plan to jointly certify the EPUs with the UK Civil Aviation Authority (CAA), with concurrent validation with the European Union Aviation Safety Agency (EASA), which is expected to be followed by global regulator validation. Evolito holds CAA Design Organisation Approval – a prerequisite for UK type certification and commercial operations.
Vertical is also developing a hybrid-electric variant offering greater range and mission flexibility to meet the evolving needs of the Advanced Air Mobility market, with Evolito’s EPUs integrated into the platform. The hybrid-electric variant is scheduled to begin flight testing in mid-2026.
David King, Chief Engineer, Vertical Aerospace: “Vertical’s approach to Valo is grounded in rigorous engineering and certification discipline. Our collaboration is centred on delivering a propulsion system that provides the performance, redundancy and reliability required for airliner-level safety standards, while remaining practical for commercial operations. It’s a partnership built around getting the fundamentals right.”
Chris Harris, CEO of Evolito, added: "We’re thrilled to be working with Vertical Aerospace, a company that shares our vision for a cleaner, more connected future. Our engines are designed to meet the rigorous demands of aerospace, and we’re excited to contribute to the success of Vertical’s aircraft with propulsion systems that deliver unmatched performance and efficiency."
Dave Shilliday, Vice President & General Manager, Advanced Air Mobility, Honeywell Aerospace: “Vertical is taking a rigorous, certification-led approach to electric aviation, and we’re proud to support that journey. Valo reflects the kind of disciplined engineering and long-term thinking required to bring electric flight into real-world service, and we will continue to work closely with the Vertical team and their partners as the programme progresses toward certification.”
Strengthening the UK’s AAM ecosystem
This partnership supports the UK Government’s ambition to lead in aerospace innovation, backed by £2.3 billion of funding over the next decade through the Aerospace Technology Institute (ATI) to accelerate the development of cleaner, more efficient aircraft. ATI support has played a key role in advancing the EPUs and aircraft technologies underpinning this collaboration.
Chris McDonald, Industry Minister, said: “This is a welcome win for Britain’s world-class aerospace sector, which will help us stay at the cutting edge of innovation and continue leading the way on zero emission flight.
“We’re backing companies like Vertical and Evolito with support through our modern Industrial Strategy and the Aerospace Technology Institute, while the CAA’s world-leading regulation is helping the industry soar and create good jobs right across the country.”
Evolito was spun out of YASA in 2021 to commercialise next-generation electric motor technology for the rapidly growing aerospace market. YASA is a world-leading pioneer of axial-flux electric motors and was acquired by Mercedes-Benz in July 2021. Evolito’s engineering team brings deep aerospace expertise, and its technology has been chosen for Electra’s hybrid-electric aircraft programme.
This announcement follows Vertical’s recent appointment of Richard Moore as Vice President of Powertrain, as the company advances toward certification, industrialization and manufacturing readiness.
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion system.
About Evolito
Evolito is leading electric propulsion and power generation for aerospace with light weight, compact electric motors and DAL A integrated systems with planned certification and scalable production. Evolito’s electric engines are suitable for both VTOL and fixed-wing applications with unmatched power density, efficiency, and safety. The privately held company is based in Oxford. Evolito’s investors include B-Flexion, Oxford Science Enterprises (OSE) and HostPlus.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding regarding a long-term partnership with Evolito for electronic propulsion units, including expected ability to certify the electronic propulsion units for the production version of Valo, Evolito’s supply and obligations under the partnership agreement, the efficiencies, reliability and expertise expected, the design and manufacture of our aircraft and the hybrid-electric variant, certification and the commercialization of our aircraft and our ability to achieve regulatory certification of our aircraft product on any particular timeline or at all, the features and capabilities of the aircraft, business strategy and plans and objectives of management for future operations, including the building and testing of our prototype aircrafts on timelines projected, completion of the piloted test programme phases, selection of suppliers; the differential strategy compared to our peer group; expectations surrounding pre-orders and commitments; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 11, 2025, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260205744625/en/
For more information:
Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357 463
Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +447816 459 904
Original: Vertical Aerospace Selects Evolito as Electric Propulsion Unit Partner for Valo
US Market News
4月前
Vertical Aerospace Signs New Customer JetSetGo to Accelerate Electric and Hybrid-Electric Aviation in IndiaFebruary 4, 2026 11:00 PM
Business Wire
JetSetGo pre-orders 50 Valo aircraft and partners with Vertical on route development, regulatory engagement and commercial planning
Agreement includes the evaluation of hybrid-electric aircraft for long-range missions ideally suited for use cases across India
Agreement positions India as a key market for certified Advanced Air Mobility services
JetSetGo, one of India’s leading private aviation operators and Vertical Aerospace (NYSE: EVTL), a global aerospace and technology company that is pioneering electric aviation, today announced the signing of a Memorandum of Understanding (MoU) for the intended purchase of 50 Valo aircraft, alongside a strategic collaboration to develop Advanced Air Mobility (AAM) services in India.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260204102391/en/Vertical and JetSetGo are jointly developing route networks across India
The MoU establishes a framework for the two companies to jointly develop route networks, operating models, regulatory engagement and the commercial rollout of electric and hybrid-electric aircraft across India. Valo will be Vertical’s certification electric aircraft, designed to fly up to 160 km at speeds of 240 km/h with zero operating emissions and engineered to meet airliner-level safety standards. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility, well-suited to use cases across India.
As part of the agreement, JetSetGo will lead market research and operational planning for metro and short-haul regional routes, and is already running technical evaluations, demand modelling and feasibility studies in select corridors. The company said Valo’s design, including the future long-range hybrid-electric variant, fits its strategy to connect dense cities and underserved regional markets where ground travel options are slow.
“From an operator’s standpoint, aircraft capability and certification timelines are decisive factors,” said Kanika Tekriwal, founder and chief executive of JetSetGo.“We are seeing early indicators of demand on specific city pairs and intra city corridors. The Valo platform, particularly the hybrid-electric configuration, fits the operating profiles we are analysing for India. Vertical’s progress to date has been impressive, and we are confident that the recently launched Valo design is an excellent fit with future customer needs in India.”
Stuart Simpson, CEO of Vertical Aerospace, said, “We are delighted to welcome JetSetGo as a new customer and partner. India is a dynamic and rapidly growing market for Advanced Air Mobility and working with an experienced operator like JetSetGo allows us to explore how Valo’s all-electric and hybrid-electric variant can unlock new routes and transport solutions across the country.”
Vertical is targeting type certification of Valo by 2028 under UK and European regulators, with global validations to follow, which JetSetGo said could enable early commercial rollout of Advanced Air Mobility services in India, subject to approvals. The partnership comes as Indian regulators work on certification and infrastructure frameworks for AAM, and will feed into JetSetGo’s long-term fleet planning for deploying next-generation aircraft.
About JetSetGo
JetSetGo, founded in 2014 by the visionary duo Kanika Tekriwal and Sudheer Perla, has been on a mission to revolutionise private air travel in India. Its core principles, putting customer needs first, maximising the value of their time, and making private aviation simple and accessible, have positioned the brand as a leading provider of private aviation services.
Headquartered in New Delhi, JetSetGo was conceived by a commitment to tackle the significant challenges within the private aviation sector. The brand has created a more transparent and accessible marketplace for private jet charter, making private jet ownership more affordable and convenient while elevating the quality and consistency of charter services. The fleet currently comprises five mid-size Hawker aircraft, meticulously tailored to the unique demands of the Indian market, and six other aircraft ranging from large cabin jets to helicopters.
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the Advanced Air Mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the partnership with JetSetGo and ability to launch the projected routes; the introduction of the Valo aircraft; the certification and the commercialization of the Valo aircraft and the timing thereof; the design and manufacture of the Valo aircraft; the features and capabilities of the Valo aircraft; the differential strategy compared to our peer group; expectations surrounding pre-orders and commitments; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 11, 2025, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260204102391/en/
For more information:
Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357 463
Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +447816 459 904
Original: Vertical Aerospace Signs New Customer JetSetGo to Accelerate Electric and Hybrid-Electric Aviation in India
US Market News
4月前
Vertical Aerospace Wins Proof-Of-Concept Grant To Advance Emergency Medical Services Capabilities For SingaporeFebruary 3, 2026 8:00 PM
Business Wire
Grant will support real-world EMS mission development for Valo in Singapore
Collaboration with Hatch – Singapore’s HTX innovation centre, to trial and validate Proof-of-Concept (POC) for eVTOL use in EMS
Open innovation programme provides operational insights for Vertical’s hybrid-electric aircraft development, with flight testing planned for H2 2026
Vertical Aerospace (“Vertical”) [NYSE:EVTL], a global aerospace and technology company that is pioneering electric aviation, today announced it has been selected as a winner of the “Dimension X Cohort 7 Challenge”, and awarded a Proof-of-concept (POC) grant by Hatch, an innovation centre of Singapore’s Home Team Science & Technology Agency (HTX) for public safety.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260203487588/en/Grant will support real-world EMS mission development for Valo in Singapore
The grant will enable Vertical to develop, test and validate an Emergency Medical Services (EMS) use case for its Valo aircraft platform, its commercial eVTOL aircraft. The project is focused on how electric and hybrid-electric vertical flight could support time-critical medical response for remote island areas around Singapore.
Under the programme, Vertical will work with HTX, Hatch and operational stakeholders to:
Develop a detailed EMS concept of operations (ConOps) aligned with real operational and regulatory requirements
Operational insights to evaluate medical cabin configurations for patient transport and in-flight care
Conduct a proof-of-concept flight demonstration to assess mission feasibility, safety and response times
The project will run through April 2026 and will include collaboration with the Singapore Home Team to assess and trial how eVTOL and VTOL aircraft could complement existing emergency response systems and potentially help improve patient outcomes in critical scenarios.
Vertical was chosen following a competitive selection process, underscoring the safety-first design, cabin mission flexibility and credible certification approach of the Valo aircraft. The programme represents a foundational step toward longer-term collaboration in exploring the introduction of safe, operational Advanced Air Mobility (AAM) applications beyond trials and into real service in Singapore.
The initiative aligns with Singapore’s efforts to develop the AAM industry, led by the Singapore Economic Development Board (EDB) and supported by the Civil Aviation Authority of Singapore (CAAS). These include enabling the safe introduction of next-generation aircraft and growing the AAM ecosystem in Singapore.
Stuart Simpson, CEO Vertical Aerospace, said: “We are proud to work closely with Singapore’s public-sector safety and security experts to explore how electric and hybrid-electric aircraft could support emergency response operations safely and effectively. This is an important step in making AAM a reality in the region.”
Shao Hong Mok, Centre Director (Hatch) and Senior VP, Innovations (TechX Ventures), said: “Through the Dimension X Challenge, HTX partners industry innovators to explore how emerging technologies can responsively address real operational needs. Our collaboration with Vertical Aerospace allows us to assess the potential of Advanced Air Mobility for emergency medical response, while maintaining a strong focus on safety, regulation and operational readiness.”
About the Dimension X Open Innovation Challenge
The Dimension X open innovation challenge identifies and supports early-stage companies developing dual-use technologies with strong potential to enhance public safety globally.
Winning companies receive S$100,000 (approximately £60,000) in non-dilutive funding, alongside access to HTX’s technical experts, operational end-users and a collaborative development programme designed to refine and validate solutions through real-world testing.
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion systems
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the Dimension X Cohort 7 Challenge and Proof-of-concept grant by Hatch, Vertical’s ability to develop, test and validate an Emergency Medical Services (EMS) use cases for its Valo aircraft platform; the design and manufacture of the Valo aircraft; the features and capabilities of the Valo aircraft; the certification and the commercialization of the Valo aircraft and the timing thereof; the completion of the piloted test programme phases including transition flight and the hybrid-electric variant on the intended timeline or at all; the business strategy and plans and objectives of management for future operations, including capital expenditure requirements, which may be higher than anticipated; our ability and plans to raise additional capital to fund our operations; the assumptions underlying the Company’s goals, including Flightpath 2030; the differential strategy compared to our peer group; expectations surrounding pre-orders and commitments; our plans for capital expenditures, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 11, 2025, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260203487588/en/
For more information:
Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357 463
Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +447816 459 904
Original: Vertical Aerospace Wins Proof-Of-Concept Grant To Advance Emergency Medical Services Capabilities For Singapore
US Market News
4月前
Vertical Aerospace Advances Japan Commercialisation with Marubeni Via Electric Air Taxi RoutesFebruary 3, 2026 7:00 PM
Business Wire
Strategic commercial routes to reduce travel time by up to 80% compared to ground transport
Vertical and Marubeni developing plans for piloted eVTOL demonstration flights in Osaka Bay area, targeting 2026
Advancements follow pre-delivery payment from Marubeni to secure early Valo delivery slots for its conditional pre-order of 200 Valo aircraft and regulatory progress with JCAB
Singapore Airshow -- Vertical Aerospace (“Vertical”) [NYSE: EVTL], a global aerospace and technology company that is pioneering electric aviation, today announces a major acceleration of its commercial roadmap in Japan, working in partnership with Marubeni Corporation (“Marubeni”), one of Japan’s largest trading and investment companies with deep experience in aviation, infrastructure and mobility.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260202062424/en/Valo will be Vertical’s certification aircraft, designed to fly up to 160 km at speeds of up to 240 km/h with zero operating emissions
Together, the companies are advancing plans for a future Advanced Air Mobility (AAM) route network across the country, marking a significant step toward the commercial deployment of electric air taxi services in Japan. Ahead of this, the companies are progressing plans for piloted demonstration flights in the Osaka Bay area, targeted for 2026.
Route network development: the Kansai region and beyond
Vertical is working closely with Marubeni and other partners to develop a scalable AAM route network in Japan. One flagship corridor under evaluation in the Kansai region could see Valo reduce travel times by almost 80% compared with ground transport, while operating quietly with zero-emissions.
Uses cases being progressed include:
Premium Tourism and Major Events: Rapid access from major urban centres to scenic destinations such as Osaka to Awaji Island, Shodoshima, and air taxi services to support transportation for international exhibitions and large-scale events
Airport shuttles and integrated connections: Providing fast, first- and last-mile links to major transport hubs and airports, e.g. Izumisano to Osaka and Kobe
Essential Services: Supporting time-critical medical and logistics transport e.g. emergency response coverage in Osaka-Hyogo districts
From Expo to Commercial Operation
The announcement builds on the strong momentum from the 2025 Osaka World Expo, which attracted more than 29 million visitors, where attendees had the opportunity to engage with Valo, Vertical’s upcoming certification aircraft, through an immersive cabin experience with simulated commercial flight routes across the Kansai region.
Regulatory and Commercial Maturity
Valo will be Vertical’s certification aircraft, designed to fly up to 160 km at speeds of up to 240 km/h with zero operating emissions, and engineered to meet airliner-level safety standards. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility.
Key milestones underpinning Vertical’s commercial pathway in Japan include:
Regulatory validation: The Japan Civil Aviation Bureau (JCAB) accepted Vertical’s application into the type validation programme in 2023, providing a clear certification roadmap for entry into service. Vertical is targeting airliner-level safety type certification in 2028 for Valo with the UK Civil Aviation Authority (CAA), which will be followed by JCAB validation.
Commercial commitment: Marubeni has formalised its commitment through pre-delivery slot reservation payments for the first 25 out of 200 Valo aircraft, reflecting growing confidence in the programme.
Ecosystem partnerships: Vertical has been engaged in discussions with partners in the region to develop the operating infrastructure as well as aftermarket support in Japan.
Stuart Simpson, CEO of Vertical Aerospace, said, “Japan combines strong regulatory leadership, advanced infrastructure and trusted industrial partners, making it one of the most promising markets globally for Advanced Air Mobility. Our partnership with Marubeni and engagement with JCAB demonstrate our careful, step-by-step approach to developing real-world Valo operations, grounded in safety, certification and public acceptance.”
Toru Okazaki, Executive Officer and Chief Operating Officer, Aerospace & Mobility Division, Marubeni Corporation, added: “We are pleased to take this next step with Vertical Aerospace as we progress toward demonstration flying in Japan. By advancing route development in the Kansai region, we see significant opportunities to build the operating infrastructure and ecosystem required to accelerate AAM adoption.”
About Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner, and quieter way to travel. Valo is a piloted, four-passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions. Vertical is also developing a hybrid-electric variant, offering increased range and mission flexibility to meet the evolving needs of the advanced air mobility market.
Vertical combines partnerships with leading aerospace companies, including Honeywell, Syensqo and Aciturri, with its own proprietary battery and propeller technology to develop the world’s most advanced and safest eVTOL.
Vertical has c.1,500 pre-orders of Valo, with customers across four continents, including American Airlines, Avolon, Bristow, GOL and Japan Airlines. Certain customer obligations are expected to be fulfilled via third-party agreements. Headquartered in Bristol, UK, Vertical’s experienced leadership team comes from top-tier aerospace and automotive companies such as Rolls-Royce, Airbus, GM, and Leonardo. Together, they have previously certified and supported over 30 different civil and military aircraft and propulsion system
About Marubeni Corporation
Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business activities across wide-ranging fields including lifestyle, food & agri business, metals & mineral resources, energy & chemicals, power & infrastructure services, finance, leasing & real estate business, aerospace & mobility, next generation business development and next generation corporate development. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries.
Through its Aerospace & Mobility Division, Marubeni is leading the development of the Advanced Air Mobility ecosystem in Japan, spanning aircraft operations.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the announced plans with Marubeni for a future AAM route network in Japan, including the launch of the projected routes and expected journey times; plans for piloted demonstration flights in the location or on the timeline expected, or at all; the certification and the commercialization of the Valo aircraft and the timing thereof; the design and manufacture of the Valo aircraft; the features and capabilities of the Valo aircraft; the completion of the piloted test programme phases including transition flight on the intended timeline or at all; the business strategy and plans and objectives of management for future operations, including capital expenditure requirements, which may be higher than anticipated; our ability and plans to raise additional capital to fund our operations; the assumptions underlying the Company’s goals, including Flightpath 2030; the differential strategy compared to our peer group; expectations surrounding pre-orders and commitments; our plans for capital expenditures; as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation, the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on March 11, 2025, as such factors may be updated from time to time in our other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. We disclaim any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260202062424/en/
For more information:
Justin Bates, Head of Communications justin.bates@vertical-aerospace.com +44 7878 357 463
Samuel Emden, Head of Investor Affairs samuel.emden@vertical-aerospace.com +447816 459 904
Original: Vertical Aerospace Advances Japan Commercialisation with Marubeni Via Electric Air Taxi Routes
Opti Mist
1年前
Archer Aviation Inc. (NYSE: ACHR) and Vertical Aerospace Ltd. (NYSE: EVTL) are both companies in the electric vertical takeoff and landing (eVTOL) industry, focused on developing air taxis for urban air mobility (UAM). While they are competitors in this emerging sector, there is no direct corporate or operational connection between the two based on available information. Below is an analysis of their relationship, similarities, and differences, addressing any potential links and the context of their stock price dynamics as raised in your earlier question.
Key Points on Archer Aviation ($ACHR) and Vertical Aerospace ($EVTL)
Industry Context and Competition:
Both Archer and Vertical Aerospace are developing eVTOL aircraft designed for short-range urban transport, with similar specifications: cruise speeds around 150 mph and ranges up to 100 miles. Archer’s Midnight aircraft targets four passengers plus a pilot, while Vertical’s VX4 has a comparable design.
They compete in the same market, pursuing FAA and international certifications (e.g., UK Civil Aviation Authority for EVTL) and partnerships with airlines and manufacturers to commercialize air taxi services. For example, Archer has partnerships with United Airlines and Stellantis, while Vertical has ties with American Airlines and others.
A post on X from June 11, 2025, suggests Vertical’s VX4 design may be more mature than Archer’s, implying competitive parity or advantage, but this is an opinion, not a confirmed fact.
They operate independently, with Archer headquartered in San Jose, California, and Vertical based in Bristol, England.
Both companies have raised significant capital through different investors. Archer’s investors include United Airlines, Stellantis, BlackRock, and Mubadala Capital, while Vertical has backing from American Airlines, Avolon, and others. No shared investors are explicitly noted in the provided data.
Stock Price Dynamics and Market Perception:
The X post claiming EVTL is “ahead” of ACHR may reflect speculative sentiment rather than a direct operational link, as both companies are progressing toward certification (Archer targeting late 2024, Vertical similarly).
Shared Industry Milestones and Policy Impact:
Both companies are advancing through FAA certification processes, with Archer receiving Part 141 certification in February 2025 and Vertical progressing with the UK CAA and FAA.
The White House’s eVTOL Integration Pilot Program, announced June 5, 2025, has positively impacted both companies’ stock prices and visibility, as it aims to accelerate eVTOL deployment in the U.S. This is a common external factor, not a direct connection.
Potential for Future Collaboration or Comparison:
An article from February 16, 2021, notes both Archer and Dufour Aerospace were added to SMG Consulting’s AAM Reality Index, indicating they are tracked similarly as leading eVTOL players, but no collaboration was mentioned.
Archer’s CEO, Adam Goldstein, has expressed interest in industry collaboration to advance the eVTOL sector, but no specific mention of Vertical Aerospace was found.
Archer Aviation ($ACHR) and Vertical Aerospace ($EVTL) are competitors in the eVTOL industry with no direct corporate, financial, or operational connection based on available information. They share similar goals, target markets, and external catalysts like the U.S. eVTOL Pilot Program, which has boosted both companies’ stock prices recently. The claim of EVTL being “ahead” of ACHR is speculative and not substantiated by definitive evidence. Both companies are advancing independently toward commercialization, with Archer’s recent $850 million raise strengthening its position, while Vertical progresses with its VX4 aircraft. For real-time stock price updates or further details, check sources like Yahoo Finance or TradingView.
Opti Mist
1年前
SANTA CLARA, CA, June 12, 2025—Today Archer Aviation Inc. (NYSE: ACHR) raised an additional $850M following the White House’s announcement last week of an Executive Order by President Trump to implement an eVTOL Integration Pilot Program in the United States. This program is focused on accelerating the deployment of eVTOL aircraft in the U.S.
Archer intends to closely coordinate with the White House, Department of Transportation and the Federal Aviation Administration on how this can integrate into Archer’s plans to ramp its operations in the U.S. ahead of the LA 28 Olympic Games at which Archer will serve as the Official Air Taxi Provider of the Olympic Games and Team USA. Archer believes cross-industry collaboration will be the key to the success of the eVTOL Integration Pilot Program and the U.S. achieving its goal of “dominance” within this new category of aircraft.
Next week, Archer will be at the Paris Air Show showcasing its Midnight aircraft and hosting delegations from more than 20 countries, including leadership from partner organizations in the UAE, Archer’s first target “Launch Edition” market. Archer CEO and founder Adam Goldstein is set to meet with the United States Secretary of Transportation, Sean P. Duffy, and acting FAA administrator, Chris Rocheleau, while at the show.
Adam Goldstein, CEO and founder of Archer, said: “This Executive Order is a seminal moment for Archer and the eVTOL industry. We now have the strongest balance sheet in the sector and the resources we need to execute both here in the U.S. and abroad. Archer’s future couldn’t be any brighter.”
This new capital bolsters Archer’s already strong balance sheet and cements the Company’s position of leading the industry with a pro forma liquidity position of approximately $2B. With this fortress balance sheet, Archer is strategically positioned to execute across its engineering, certification and commercialization efforts, both in the United States and abroad.
The financing provided for the purchase and sale of 85,000,000 shares of Archer’s Class A common stock at a price of $10.00 per share in a registered direct offering. The net proceeds from the offering announced today will be used for general corporate purposes, with a focus on the build out of Archer’s commercial capabilities, including infrastructure to support Archer’s recently announced initiatives, both in the U.S. and Archer’s “Launch Edition” markets, and the development of an AI-based aviation software platform. The shares of Class A common stock were offered pursuant to an automatic shelf registration statement on Form S-3ASR (File No. 333-284812) filed with the United States Securities and Exchange Commission (“SEC”) on February 11, 2025, which became automatically effective upon filing. Moelis & Company LLC is acting as the exclusive placement agent in connection with this offering.
Opti Mist
1年前
Press Release: Vertical Aerospace Provides First Quarter 2025 Operating Update, Demonstrating Momentum Towards Certification and Commercialisation
7:12 AM ET 5/13/25 | Dow Jones
Vertical Aerospace Provides First Quarter 2025 Operating Update, Demonstrating Momentum Towards Certification and Commercialisation
-- On pace to achieve full-scale, piloted wingborne flight with all-electric
prototype in Q2
-- Announces 1,000-mile hybrid-electric VTOL programme to serve defence,
logistics and wider commercial applications
-- Signs new long-term partnership with Honeywell to certify and produce
critical elements of the VX4's flight control and aircraft management
systems
-- Board strengthened with three new directors with deep capital markets
expertise
-- Maintains industry-leading capital efficiency1
-- Q1 2025 results call today at 08:30 am ET (13:30 BST)
LONDON & NEW YORK--(BUSINESS WIRE)--May 13, 2025--
Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering electric aviation, today provided an operating update and released financial results for the first quarter ended March 31, 2025. The first quarter 2025 results filing is accessible on the Company's investor relations website.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250513053119/en/
Vertical continues to advance its piloted flight test programme at its Flight Test Centre
Stuart Simpson, CEO at Vertical, said: "2025 is on pace to be a transformational year for Vertical as we advance our piloted flight test programme and move into the final flight test phases. With the announcement of our hybrid-electric programme - opening up new high-value markets - and the expansion of our partnership with Honeywell to certify critical flight systems, we are deepening our technical and commercial edge. With growing regulatory confidence in the VX4 and a strong team behind us, we're well positioned to deliver a scalable, certifiable aircraft to the global market."
Recent Highlights
Advancing Our Best-in-Class Aircraft:
-- Entered into new long-term agreement with Honeywell to certify critical
aircraft management and flight controls systems for the production
version of the VX4. The agreement also includes new Honeywell inceptors
to make the VX4 easier and safer for pilots to fly.
-- Announced the development of a long range 1,000 mile hybrid-electric
vertical-take-off-and landing (VTOL) variant of its VX4 aircraft to
unlock new market opportunities in defence, logistics and wider
commercial applications.
-- Doubled flight testing capabilities with the delivery of the third
full-scale VX4 prototype to Vertical's Flight Test Center, where assembly
will be completed.
-- Expanded Vertical's test pilot team with the appointment of Paul Stone,
former Volocopter Chief Test Pilot, becoming one of the few eVTOL
companies to have two test pilots with experience flying full-scale eVTOL
aircraft.
-- Supported the acceleration of global, industry-wide charging
infrastructure by adopting the Combined Charging Standard (CCS) for the
VX4.
Moving at Pace Towards Certification and Industrialisation:
-- In Q2 we anticipate receiving approval from the UK Civil Aviation
Authority (CAA) to start piloted wingborne flight tests, another
significant step in the expansion of our flight test programme.
-- Scheduled to complete piloted transition flight, the final stage of
Vertical's flight test programme, in the second half of 2025.
-- Appointed three new Board members, James Keith (JK) Brown, Kris Haber,
and Carsten Stendevad, bringing business development expertise, a deep
understanding of capital markets, and experience scaling growth-stage
companies.
Financial Outlook:
-- Maintained industry-leading capital efficiency2; and as of March 31,
2025, cash and cash equivalents totaled GBP69 million ($89 million),
expected to provide sufficient funding to support operations into the
fourth quarter of 2025.
-- No change to expectations for FY 2025 net operating cash outflows of
approximately GBP90 million to GBP100 million ($110 million to $125
million).
-- Expected net cash outflows from operating activities for the next 12
months of approximately GBP90 million ($120 million), which will be used
primarily to continue funding the assembly and testing of the VX4.
Opti Mist
1年前
I believe you meant EVTL (Vertical Aerospace Ltd.), as ETVL does not appear to be a recognized ticker based on available data. Vertical Aerospace is an electric vertical takeoff and landing (eVTOL) aircraft developer, and its next earnings report is expected around May 13, 2025, based on historical patterns, though the exact date is not confirmed in the provided information. Here’s what to expect for EVTL’s earnings report, drawing on available data and industry context:
Key Factors to Watch for EVTL’s Earnings on May 13, 2025
Earnings Per Share (EPS) and Financial Performance:
Expectation: Analysts expect EVTL to report an EPS of approximately -$0.74 for the quarter ending December 2024, reflecting a year-over-year improvement of 32.73%. This suggests continued losses, typical for a pre-revenue company in the eVTOL space focused on R&D and certification.
Revenue: As a development-stage company, EVTL is unlikely to report significant revenue yet. Investors should focus on updates about cash burn rate, funding, and runway (how long current cash reserves will last).
What to Look For: Updates on operating expenses, particularly R&D and SG&A (selling, general, and administrative) costs, as these drive the company’s cash burn. Any guidance on cost management or new funding (e.g., debt, equity raises, or partnerships) will be critical.
Progress on VX4 Aircraft Development:
Context: EVTL’s primary focus is the VX4, its eVTOL aircraft designed for urban air mobility. The company is working toward certification and commercial production, with a target for entry into service around 2026–2027.
What to Expect: Updates on flight testing, certification milestones with regulators like the UK’s CAA or EASA, and manufacturing progress. For example, any news on the VX4’s second prototype, additional test flights, or partnerships for production scaling could move the stock.
Key Metrics: Look for mentions of test flight hours, prototype performance (e.g., range, payload, or battery efficiency), and timelines for Type Certification.
Order Book and Commercial Partnerships:
Current Status: EVTL has a pre-order book worth billions, with commitments from customers like Virgin Atlantic, American Airlines, and Avolon. However, these are non-binding and depend on successful certification.
What to Watch: Confirmation of existing orders, new customers, or conversion of pre-orders to firm orders. Updates on partnerships (e.g., with Rolls-Royce for electric propulsion or Honeywell for avionics) could signal progress toward commercialization.
Sentiment Impact: Positive news on order book growth or customer commitments could boost investor confidence, while delays or cancellations might pressure the stock.
Market and Competitive Landscape:
Context: The eVTOL industry is competitive, with players like Joby Aviation, Archer Aviation, and Lilium vying for market share. Regulatory hurdles and public acceptance of urban air mobility are ongoing challenges.
What to Expect: Management may comment on EVTL’s competitive positioning, particularly in Europe, where it aims to lead. Updates on regulatory progress or infrastructure (e.g., vertiports) could differentiate EVTL from peers.
Risks: Any mention of delays in certification, supply chain issues (e.g., battery or component shortages), or slower-than-expected market adoption could weigh on the stock.
Guidance and Forward-Looking Statements:
What to Look For: EVTL’s management is likely to provide guidance on 2025 milestones, including certification timelines, production ramp-up, and cash flow projections. Any reaffirmation or adjustment of prior targets (e.g., commercial service by 2026) will be closely watched.
Analyst Sentiment: The Zacks Consensus Estimate suggests EVTL may miss EPS expectations by 70.27% for the December 2024 quarter, indicating skepticism. Positive surprises, such as lower-than-expected losses or accelerated milestones, could drive a stock rally.
Stock Price and Market Reaction:
Historical Volatility: EVTL’s stock is volatile, typical for a speculative growth company. Earnings reports often trigger sharp moves based on progress updates rather than financials alone.
Analyst Forecasts: Limited analyst coverage exists, but Zacks expects continued losses. Investor sentiment will hinge on qualitative updates (e.g., certification or partnerships) rather than EPS alone.
What to Expect: If EVTL reports progress on the VX4 or secures new orders, the stock could see a short-term spike. Conversely, delays or higher-than-expected cash burn could lead to a sell-off.
Broader Context and Sentiment
Industry Trends: The eVTOL sector is gaining traction as governments and investors back sustainable aviation. However, high R&D costs, regulatory uncertainty, and long timelines to revenue make it a high-risk, high-reward space.
X Sentiment: There’s no specific X post about EVTL’s May 2025 earnings, but general sentiment in the eVTOL space is mixed—optimism about long-term potential tempered by near-term financial and technical challenges. (Note: This post references Energy Transfer, not EVTL, but reflects how earnings surprises impact sentiment.)
Risks: Key risks include certification delays, funding shortages, or competitive setbacks. EVTL’s cash position and ability to secure additional capital will be critical, especially in a high-interest-rate environment.
How to Prepare for the Earnings Report
Earnings Date Confirmation: Check EVTL’s investor relations website or platforms like Nasdaq for the exact date and time, as May 13 is an estimate based on past patterns.
Conference Call: EVTL typically hosts a call post-earnings. Listen for management’s tone, especially on certification and funding. Details should be available on their IR site.
Analyst Expectations: Review updates from Zacks or other platforms closer to the date for refined EPS and sentiment.
Technical Analysis: Monitor EVTL’s stock chart for support/resistance levels. High volatility is likely, so consider risk management if trading around the event.
Clarification Note
If you meant a different company (e.g., ETV for Eaton Vance or another ticker), please confirm, and I can provide tailored insights. For example:
ETV (Eaton Vance Tax-Managed Buy-Write Opportunities Fund): Expected to report earnings on April 10, 2025, with a focus on dividend sustainability and portfolio performance.
Other Tickers: If you meant EVLV (Evolv Technologies) or another company, their next earnings are scheduled for May 7 or May 30, 2025, respectively.
Since the query specifies May 13, EVTL aligns best with the date and context. If this isn’t correct, let me know the exact ticker or company name.
Disclaimer: This is not financial advice. Always conduct your own research and consult a financial advisor before making investment decisions. Stock markets are volatile, and earnings outcomes can be unpredictable.
Opti Mist
1年前
The stock price rise of Vertical Aerospace Ltd. (EVTL) in November-December 2024 was driven by several key developments:
Successful Public Offering and Debt Restructuring: In December 2024, Vertical Aerospace closed an upsized public offering, raising $90 million in gross proceeds, surpassing the initial $75 million target. This included over $60 million from new investors and $25 million from Mudrick Capital. Additionally, a December 2024 Investment Agreement converted $130 million of debt into equity, strengthening the company’s balance sheet and ensuring operational funding through 2025. These financial maneuvers boosted investor confidence.
Progress in VX4 eVTOL Testing: The company reported significant advancements in its VX4 electric vertical takeoff and landing (eVTOL) aircraft program. By December 2024, Vertical completed over 30 piloted test flights, gathering 5 million data points, and became the second company globally to achieve piloted thrustborne testing with a vectored thrust eVTOL. This milestone, along with preparations for piloted wingborne flight, signaled progress toward certification targeted for 2028, enhancing market optimism.
Analyst Upgrades and Positive Sentiment: Analyst coverage from firms like H.C. Wainwright, which initiated a Buy rating in February 2025 (reflecting sentiment from late 2024), and Canaccord Genuity’s Buy rating with a $16 price target, supported the stock’s momentum. The removal of convertible debt overhang, as noted by Raymond James, further improved investor sentiment.
Market Speculation and eVTOL Sector Interest: The broader excitement around eVTOL and advanced air mobility (AAM) markets contributed to EVTL’s rise. Posts on platforms like ADVFN highlighted bullish sentiment, with traders noting price targets and technical breakouts (e.g., reaching $12.44 post-split in late December). The stock’s high volatility (7.86% with a beta of 2.34) amplified price movements amid speculative trading.
Strategic Partnerships and Industry Positioning: Vertical’s adoption of the Combined Charging Standard (CCS) for its VX4, aligning with industry leaders like BETA Technologies and Archer Aviation, reinforced its competitive stance. Partnerships with major players like American Airlines, Rolls-Royce, and Honeywell, along with a robust pre-order book, added credibility.
These factors combined to drive a 9.81% weekly and 21.75% monthly stock price increase in late 2024, despite a year-long decline of 48.33%. The stock peaked at $15.99 on December 27, 2024, reflecting strong momentum before a subsequent pullback.
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