Total amount raised
$535.1 Millions
Latest funding date
01/01/2025
Location
Vertical Aerospace has successfully raised funds through multiple rounds, with notable investors including Mudrick Capital Management and the Aerospace Technology Institute. The company's latest funding round, a Post-IPO Equity round, closed on January 23, 2025.
Keep reading to explore the intricacies of Vertical Aerospace's fundraising journey and the investors backing this innovative platform.
What Is Vertical Aerospace?
Vertical Aerospace, founded in 2016 by Stephen Fitzpatrick, is based in Bristol, United Kingdom. The company operates in the aerospace, air transportation, and mechanical engineering industries.
With an employee count ranging from 251 to 500, Vertical Aerospace is dedicated to revolutionizing air travel by making it personal, on-demand, and carbon-free. Their flagship product, the VX4, is an all-electric vertical take-off and landing (eVTOL) aircraft designed to carry 4 passengers and 1 pilot with zero operating emissions.
How Much Funding Has Vertical Aerospace Raised?
- Funding Round: Post-IPO Equity
- Amount Raised: $205M
- Date: October 2021
- Lead Investors: Mudrick Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development of the VX4 aircraft.
- Funding Round: Post-IPO Equity
- Amount Raised: $50M
- Date: January 2024
- Lead Investors: Stephen Fitzpatrick
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address immediate financial needs and continue the development of eVTOL technology.
- Funding Round: Grant
- Amount Raised: £8M
- Date: February 2024
- Lead Investors: Aerospace Technology Institute
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund research and development in sustainable aviation technologies.
- Funding Round: Post-IPO Equity
- Amount Raised: $180M
- Date: November 2024
- Lead Investors: Mudrick Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production capabilities and expand market reach.
- Funding Round: Post-IPO Equity
- Amount Raised: $90M
- Date: January 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To address financial challenges and ensure operational continuity.
Total Amount Raised: $533M
Current Valuation: Not publicly disclosed
Key Investors
- Mudrick Capital Management
- Details: Mudrick Capital Management is a New York-based investment firm specializing in distressed credit and event-driven investing. The firm has a history of investing in companies undergoing significant changes or facing financial difficulties.
- Investment Focus Areas: Distressed credit, event-driven investing, special situations.
- Notable Investments: AMC Entertainment, J.C. Penney, Neiman Marcus.
- Aerospace Technology Institute
- Details: The Aerospace Technology Institute (ATI) is a UK-based organization that supports the development of new aerospace technologies. It collaborates with industry and government to fund and promote innovation in the aerospace sector.
- Investment Focus Areas: Aerospace, aviation, sustainable technologies.
- Notable Investments: Rolls-Royce, GKN Aerospace, Airbus UK.
- Stephen Fitzpatrick
- Details: Stephen Fitzpatrick is the founder and CEO of Vertical Aerospace. He is also the founder of OVO Energy, a UK-based energy supplier.
- Investment Focus Areas: Energy, technology, aerospace.
- Notable Investments: OVO Energy, Vertical Aerospace.
What's Next for Vertical Aerospace?
Refusal: The user has requested information based on sources that do not contain any relevant details about Vertical Aerospace. The sources provided either contain placeholder content or are example domains with no specific information about the company, its opportunities, industry trends, growth prospects, challenges, or future fundraising predictions. Therefore, it is impossible to fulfill the user's request based on the provided sources.
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