Article 6J1J3 Vertical Aerospace Founder Backs Company with Additional $50M Investment Commitment

Vertical Aerospace Founder Backs Company with Additional $50M Investment Commitment

by
Press
from sUAS News on (#6J1J3)
vertical-aerospace-cliffs.jpg?fit=300%2CVertical 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.
External Content
Source RSS or Atom Feed
Feed Location http://www.suasnews.com/feed
Feed Title sUAS News
Feed Link https://www.suasnews.com/
Reply 0 comments