Vertical Aerospace has finalized its previously announced comprehensive financing package of up to $850 million, making the company well-positioned to achieve critical milestones until its expected certification year of 2028. The disclosed financing package, which included the previously disclosed $50 million equity investment, enables the company to have an immediate cash flow of $160 million, where $30 million is already available for drawing at hand. The financing package consists of convertible secured notes with extended maturity periods, a $250 million Series A convertible preferred equity financing package, and a $500 million equity facility. This financial backing follows a significant milestone for the company-its successful full-scale piloted two-way transition flight-validating its aircraft design and reducing development risk.
Also Read: PacBio and Covaris Unlock FFPE Tumor Samples for Advanced HiFi Sequencing
“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,” said Stuart Simpson, CEO of Vertical Aerospace. The funding will support continued development, including prototype demonstrations, manufacturing expansion, and progress toward commercial electric aviation deployment.
