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Vertical Aerospace Ltd - EVTL STOCK NEWS

Welcome to our dedicated page for Vertical Aerospace news (Ticker: EVTL), a resource for investors and traders seeking the latest updates and insights on Vertical Aerospace stock.

Vertical Aerospace Ltd (EVTL) delivers innovative electric vertical take-off and landing (eVTOL) aircraft, pioneering sustainable solutions in advanced aerial mobility. This news hub provides investors and industry observers with essential updates directly from corporate communications and verified sources.

Track all official announcements including technology milestones, strategic partnerships, and regulatory progress. Our curated feed ensures timely access to earnings reports, leadership updates, and certification developments critical for understanding EVTL's market position.

Discover how Vertical Aerospace merges aerospace engineering with zero-emission propulsion technology through press releases detailing flight testing achievements, manufacturing expansions, and sustainability initiatives. Content is rigorously verified to meet financial disclosure standards.

Bookmark this page for streamlined monitoring of EVTL's progress in redefining urban air transport. Check back regularly for unfiltered access to the company's latest advancements in electric aviation technology and market strategy.

News

Vertical Enters Into Investment Agreement With Founder and CEO, Stephen Fitzpatrick Committing to Provide up to $50 Million of Funding

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Vertical Aerospace (EVTL) secures a $50 million funding commitment from its CEO, Stephen Fitzpatrick, for zero emissions aviation. Shareholders to vote on proposed amendments at an extraordinary general meeting.
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Vertical Wins New UK Government Backing to Transform the Future of Flight

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Vertical Aerospace (EVTL) secures an £8 million grant from the UK Government to develop next-generation propellers for their VX4 aircraft, bringing total grant funding to £37 million. The project aims to advance eVTOL propeller technology, positioning the UK as a global leader in urban air mobility and zero-emission aviation.
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Vertical Aerospace Founder Backs Company with Additional $50M Investment Commitment

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Vertical Aerospace, a global aerospace and technology company, secured $50 million in funding from its founder and CEO, Stephen Fitzpatrick. The investment extends the company's cash runway into Q2 2025 and supports the development of its certification aircraft design. The funding comes at a crucial time as the company nears the completion of its second-generation piloted VX4 prototype and targets Type Certification towards the end of 2026. The company has achieved significant technical progress and has secured pre-orders for 1500 VX4 aircraft worth over $5 billion. The funding transaction involves an initial tranche of $25 million at $10 per share and a second tranche of $25 million at a price to be determined.
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Vertical Receives Continued Listing Standard Notice from NYSE

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Vertical Aerospace (Vertical) [NYSE: EVTL] has received a notice from the New York Stock Exchange (NYSE) indicating non-compliance with the minimum average closing price requirement for its ordinary shares. The company is considering options to regain compliance and has a six-month cure period to meet the listing standards. The notice has no immediate impact on the listing of Vertical's shares or its ongoing business operations.
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Vertical Aerospace Announces Third Quarter 2023 Financial Results

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Vertical Aerospace Ltd. (NYSE: EVTL; EVTLW) announces financial results and operational highlights for Q3 2023, including progress in certification, testing, and flight demonstrations. The company reported a net operating loss of £22m for the quarter and £74m in cash at bank as of September 30, 2023.
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Hanwha Aerospace, Vertical Aerospace expand eVTOL Aircraft Partnership

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Hanwha Aerospace and Vertical Aerospace have signed an agreement to collaborate on the development of tilt and blade pitch control systems for Vertical's VX4 electric aircraft. Hanwha will now be responsible for all actuation systems of the four-passenger air taxi. The VX4 aircraft is targeting Type Certification by the end of 2026 and has already secured over 1,400 orders.
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Vertical Aerospace';s VX4 Programme Moves to the Next Phase

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Vertical Aerospace provides update on its overall program
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Vertical Aerospace Announces First Half-Year 2023 Financial Results

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Vertical Aerospace announces financial results for the first half of 2023 and highlights progress in flight tests and certification activities. The company has seen momentum in testing, certification, and commercial efforts, including the first untethered flights of its full-scale VX4 and the addition of South Korea as a launch market. The net operating loss for the first half of 2023 was £36m. Vertical expects to spend approximately £80m over the next year. The company is progressing the build of its second prototype VX4 and making progress with certification activities. Stuart Simpson has been appointed as the Chief Financial Officer. Vertical has partnered with Kakao Mobility to develop urban air mobility travel solutions in South Korea. The company reported a net operating loss of £36m for the six months ended June 30, 2023, compared to £39.5m for the same period in 2022. Vertical had cash and cash equivalents of £89.7m as of June 30, 2023.
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Vertical Expands Presence in Asia-Pacific With VX4 Aircraft Pre-order From Leading South Korean Mobility Firm Kakao Mobility

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Vertical Aerospace Announces First Quarter 2023 Financial Results

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Vertical Aerospace announces financial results for Q1 2023 and receives Design Organisation Approval. The company reports a net operating loss of £23m and has cash and cash equivalents of £104m as of March 31, 2023. Vertical targets certification by the end of 2026.
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EVTL Stock Data

291.71M
67.94M
19.65%
72.21%
0.66%
Aerospace & Defense
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United Kingdom
Bristol