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Vertical Secures $60 Million To Advance eVTOL Development

Vertical Aerospace has completed its public offering, raising $60 million to progress aviation research, development, and testing capabilities

Story and Image Credit: Eleanor
www.aaminternational.com

 

Vertical Aerospace has closed its underwritten public offering, raising $60 million to fund research and development of the VX4 eVTOL aircraft.

12,000,000 ordinary shares at $5.00 per ordinary share were sold, with net proceeds from this offering extending Vertical’s cash runway towards the middle of 2026.

The company aims to use these net proceeds to fund research and development expenses as it develops its eVTOL aircraft and expenditures in the expansion of testing and certification capacities. The profits will also go towards general working capital and other corporate purposes.

The Offering was executed through a prospectus supplement to the Company’s registration statement on Form F-3. This was filed with the U.S. Securities and Exchange Commission (SEC) on May 13 2025, becoming effective on May 16, 2025.

Vertical has also granted underwriters a 30-day option to purchase up to an additional 1,800,000 ordinary shares at the public offering price, which has not yet been exercised.

… notes from SP

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Electric-Hybrid E Automotive, E Aviation, E Marine Technology & Future Innovative Electric-Hybrid VTOL Aerospace Tech News Around The World! EVHNews.com is a dedicated global digital Technology platform for EVVTOL a Global EV / Hybrid Automotive, E-Aviation, E-VTOL, E-Marine Future Technology Industry Show & Expo Event Organization where the world biggest EV & E-VTOL brands invest in the future of transportation. EV H News is committed to the Electric Vehicles & EV-Hybrid Automotive, E-Aviation E-VTOL-UAV E-Marine, industry including e-mobility e-semi & e-truck. This digital platform will include reviews and resources from global industry leaders, many with a focus on clean blue technology and alternative fuels where applicable. EVH news platform is for all to have access to the tools and information available for the future for breakthrough e-technology of the e-automotive, e-aviation, e-marine, e-motorcycle e-semi & e-truck e-motorsport industries. About EVVTOL • EVVTOL a new corporation branding itself as the most Influential global future technology show / expo event organization by strategically positioning itself to successfully facilitate EV and VTOL transportation industry clients with their needs! • EVVTOL’s goal is to showcase the EV & VTOL industry and introduce the major EV & VTOL vehicles and component manufactures in the e-tech world by unveiling and displaying cutting-edge EV & E-VTOL technology. • EVVTOL mission is to introduce multiple technology shows & expos including influential high-level EV business summits based on the dual themes of business engagement with key manufacturers working in the EV & E mobility Industry, energy vehicle information technology and charging infrastructure Industry. These events are excellent opportunities to learn about and discuss the latest future transportation technology advancements in EV& VTOL industry, and the battery energy challenges that still remain. (evvtol.org) 877-4EV-VTOL (877-438-8865)

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