Home / Business and Economy / Vertical Aerospace Lands Major EVTOL Funding
Vertical Aerospace Lands Major EVTOL Funding
30 Mar
Summary
- Vertical Aerospace secured up to $850 million in financing.
- The funding supports flight testing, certification, and initial production.
- Partnerships were formed with Mudrick Capital and Yorkville Advisors.
UK-based Vertical Aerospace announced on March 30, 2026, a significant development in its operational funding. The electric aviation firm has reached an agreement in principle for a financing package valued at up to $850 million. This financial injection is crucial for advancing the company's objectives in the competitive electric vertical take-off and landing (eVTOL) aircraft market.
The immediate financial boost includes $50 million in equity capital raised on March 30, 2026, with an additional $30 million anticipated shortly. This is expected to provide the company with approximately $160 million in working capital, sufficient to cover operations through 2026. The broader financing package extends through 2027 and beyond, allocating up to $800 million for critical activities.
These funds are earmarked for essential stages including flight testing, the rigorous certification process for their Valo aircraft, and the commencement of initial production. This strategic financing is vital as air taxi startups globally invest heavily to gain regulatory approvals and commercialize eVTOL technology, meeting a growing demand for sustainable urban transport.
Vertical Aerospace collaborated with investment management firms Mudrick Capital Management and Yorkville Advisors Global to assemble this substantial financing. Mudrick Capital Management has extended and augmented Vertical's existing convertible debt, while Yorkville Advisors Global is providing approximately $250 million through convertible preferred shares, solidifying the company's financial runway.
