Vertical Aerospace Founder Backs Company with Additional $50M Investment Commitment
by Press from sUAS News – The Business of Drones on (#6J1J3)
Vertical Aerospace CEO Stephen Fitzpatrick invests $50 million, extending cash flow to Q2 2025 and bolstering the development of their certification aircraft. The company targets Type Certification by end of 2026, with their second VX4 prototype demonstrating progress. Achievements include a $5bn worth of pre-orders and strategic hires, reflecting an asset-light strategy. This move reaffirms Fitzpatrick's confidence in pioneering zero-emissions aviation with solid milestones like DOA and test completions in 2023.