How Much Did Vertical Aerospace Raise? Funding & Key Investors

Vertical Aerospace has successfully raised funding over eight rounds, with the latest being a Post-IPO Equity round. The company is publicly traded under the ticker NYSE:EVTL and has garnered support from 11 investors, including Mudrick Capital Management and Aerospace Technology Institute.

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 is a pioneering company in the electric aviation industry, headquartered in Bristol, United Kingdom. The company focuses on developing eVTOL (electric vertical take-off and landing) aircraft, such as their flagship product, Valo, designed for urban air mobility.

Founded with the vision to revolutionize air travel by making it personal, on-demand, and carbon-free, Vertical Aerospace employs between 251 and 500 people. The company is publicly traded under the stock symbol NYSE:EVTL and has raised significant funding through multiple rounds, including Post-IPO Equity.

How Much Funding Has Vertical Aerospace Raised?

1. Round Name: Convertible Note
   • Amount Raised: USD 205,000,000
   • Date: October 2021
   • Lead Investors: Mudrick Capital Management
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To secure capital for scaling production and development of eVTOL aircraft.
2. Round Name: Series Unknown
   • Date: June 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To advance research and development efforts.
3. Round Name: Post-IPO Equity
   • Amount Raised: USD 50,000,000
   • Date: January 2024
   • Lead Investors: Stephen Fitzpatrick
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and enhance technological capabilities.
4. Round Name: Grant
   • Amount Raised: GBP 8,000,000
   • Date: February 2024
   • Lead Investors: Aerospace Technology Institute
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support innovation in sustainable aviation technologies.
5. Round Name: Post-IPO Equity
   • Amount Raised: USD 180,000,000
   • Date: November 2024
   • Lead Investors: Mudrick Capital Management
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate the commercialization of eVTOL aircraft.
6. Round Name: Post-IPO Equity
   • Amount Raised: USD 90,000,000
   • Date: January 2025
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance production capabilities and expand the team.
7. Round Name: Post-IPO Equity
   • Amount Raised: USD 60,000,000
   • Date: July 2025
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop and market their eVTOL aircraft.

Total Amount Raised: USD 585,000,000. 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. They have been a lead investor in multiple funding rounds for Vertical Aerospace.
  • Investment Focus Areas: Distressed credit, event-driven investing, special situations.
  • Notable Investments: JC Penney, Neiman Marcus, Intelsat.
• Aerospace Technology Institute
  • Details: The Aerospace Technology Institute is a UK-based organization focused on advancing aerospace technology through research and innovation. They have invested in Vertical Aerospace to support sustainable aviation technologies.
  • Investment Focus Areas: Aerospace technology, sustainable aviation, research and development.
  • Notable Investments: Rolls-Royce, GKN Aerospace, Airbus UK.
• Stephen Fitzpatrick
  • Details: Stephen Fitzpatrick is the founder of OVO Energy and a prominent entrepreneur in the energy sector. He has invested in Vertical Aerospace to help expand its market reach and technological capabilities.
  • Investment Focus Areas: Energy, technology, sustainability.
  • Notable Investments: OVO Energy, Kaluza, Vertical Aerospace.

What's Next for Vertical Aerospace?

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