Vertical Aerospace Ltd. engages in designing, manufacturing, and selling electric aircraft. It offers VX4, an electric vertical take-off and landing vehicle. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.

Vertical Aerospace Ltd.

Vertical is a British aerospace tech company that's pioneering electric aviation through designing and building the UK's first all-electric, vertical take-off and landing aircraft (eVTOL). A quieter, faster, more sustainable way to travel between urban destinations. 

The way forward, is up.

Mudrick Capital Management

Honeywell

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Rolls-Royce

Kouros

M12 - Microsoft's Venture Fund

40 North Ventures

American Airlines

Avolon Holdings

Vertical Aerospace

Lift off!  

We’re delighted to announce that Vertical has successfully flown our full-scale electric aircraft at Cotswold Airport, reaching our target speed of 40kts (just over 40mph or 70 kmh) through a series of rigorous, remotely-piloted ‘thrustborne’ test flights. The only full-scale eVTOL aircraft in the UK, the VX4 lifted, hovered, flew and landed, powered solely by the cutting-edge battery-powered propulsion system.  

This is a very proud moment and a huge milestone for Vertical and our team, whose enormous dedication and hard work has made this possible. We’d also like to thank Civil Aviation Authority for their support over the flight test campaign, and our industrial partners for their shared belief and vision in the future of electric aviation.  
 
We are planning further flight tests over the coming months which we will continue to share, as well as developing our second prototype aircraft which will feature even more advanced technology.  
Watch the video below:  
#VerticalAerospace #ThrustborneFlight #VX4

3 prototypes. 300+ people. Thousands of hours of dreaming, designing, testing, building, manufacturing.

In our final approach towards the assembly of our second VX4 aircraft, we're reminded of the progress and work that has brought us to this point.

Building on our lessons from all three previous flying prototypes, AC2 will be our most advanced aircraft yet.

Vertical has been awarded £8 million ($10 million) in grant funding by the UK Government, through the Aerospace Technology Institute (ATI) Programme, to develop our next-generation propellers for the VX4 eVTOL aircraft.  

This R&D project is a groundbreaking step towards the next generation of propeller technologies that will operate with low noise, high loads and the highest safety standards. We’re proud to be leading a consortium of world-leading academic institutions to help us research, design and develop the propellers including the University of Glasgow, the University of Bristol and Cranfield University, and Helitune.  

The project is the fourth awarded to Vertical by the ATI Programme and brings total UK Government grant funding to £37 million ($47 million). 

Read more below.

#eVTOL #VX4

✈️ BUILD MILESTONE ✈️

The wing has been successfully attached to Aircraft 2, our advanced second-generation aircraft being built at GKN Aerospace’s Global Technology Centre in Bristol.

The manufacture is rapidly progressing, with further upcoming milestones to be announced.

We were thrilled to host a successful Supply Chain Community event at GKN Aerospace's GTC this past Wednesday, with a fantastic turnout of 45 representatives from 26 leading companies in attendance. 

Our senior team Jenny Harcourt, Eduardo Dominguez Puerta and David King gave updates on the progress of our prototypes, thanking our partners for their support and collaboration, with an opportunity to see the AC2 being built at the facility. 

Vertical’s chief test pilot Justin Paines outlined the exciting flight test campaigns for our second-generation prototype aircraft (AC2) and our intended plans for the Farnborough Air Show in July 2024. 

Thank you to everyone who attended and contributed to making this event a resounding success!

Round-the-clock action is fully underway in building our advanced, second-generation VX4 aircraft at our manufacturing facility at GKN Aerospace’s Global Technology Centre.

Key components are arriving daily, as we gear up towards spring flight tests.

The build team are expertly navigating the installation of thousands of components, all of which have been designed to produce Vertical's most effective aircraft yet.



#VX4 #eVTOL 
#aerospacemanufacturing

Everyday journeys. Elevated. 

London, one of our home cities, is where the VX4 will fly. We're working to connect Londoners with Heathrow, one of the world's busiest airports. You'll avoid congestion and navigate key transport hubs quickly; the convenience of a taxi, but speedier. 

With a cruise speed of up to 150mph, the VX4 will be the ultimate A to B. 

Where would you love to see our electric aircraft fly? Let us know in the comments below! 👇

#eVTOL #AAM #futureofflight

Welcome to our new online home.

We've recently refreshed our website and brand to showcase Vertical and our brilliant aircraft.

Explore the site to get to know the VX4 and learn more about Vertical here: vertical-aerospace.com


A huge thanks to all involved, especially Fiasco Design

Today we’re announcing a $50 million of committed funding into Vertical from our Founder and CEO, Stephen Fitzpatrick. This follows a successful 2023 where the business achieved several ambitious goals and technical milestones, including flying our thrustborne test campaign, receiving our DOA from the CAA, and building a complete battery powertrain with Molicel cells at our Vertical Energy Centre.   
 
The new investment will support the development of our certification aircraft into 2025, as we near the completion of our significantly enhanced second-generation VX4 prototype that is being built at our partner GKN Aerospace's Global Technology Centre.   
 
The UK has a rich history in aviation, and with our world-class team, industrial partners and continued support from regulators we remain on track to deliver a transformational aircraft that will pioneer electric aviation. With flight tests resuming from the spring, and intended public demonstrations across the summer, we can’t wait to show the world what the VX4 can do.   
 
Read the full story here: https://lnkd.in/ezRBKsKB

Hacia un futuro más sostenible

Hemos comenzado 2024 sumando otro importante hito para nuestra compañía. Hemos firmado un memorando de entendimiento (MOU) con Vertical Aerospace, empresa pionera en el mundo en la implementación de aeronaves eléctricas de despegue y aterrizaje vertical (eVTOL).

Los eVTOL (Electric Vertical Take-Off and Landing, por sus siglas en inglés) son un nuevo modelo innovador de transporte aéreo, parecido a un helicóptero en diseño y tamaño, pero que utilizan una tecnología sostenible, ya que su principal fuente de energía es la eléctrica. Este futuro modelo de transporte, que cada vez está más cerca del presente, ofrecerá una alternativa, sostenible, silenciosa y asequible para que podamos movernos en tramos cortos y de una forma responsable, una vez hayamos llegado a nuestro destino.
Con este acuerdo, nuestra aerolínea demuestra una vez más su compromiso por un futuro más sostenible, ya que la utilización de la energía eléctrica en la aviación evitará la emisión de gases contaminantes y reforzará la apuesta por el consumo de energía limpia.

#ElVueloQueSueñas #Iberojet #Aerolínea #SomosÁvoris
Ávoris Corporación Empresarial

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	-7.48M -	-12.33M 64.70%	-245.22M 1,889.49%	-94.38M 61.51%	-59.95M 36.48%
depreciation and amortization	330K -	682K 106.67%	942K 38.12%	2.18M 131.63%	2.71M 24.38%
deferred income tax	-30K -	4K 113.33%	112.46M 2,811,500%		-22.66M -
stock based compensation		96K -	101.61M 105,741.67%	23.19M 77.18%	8.82M 61.98%
change in working capital	-165K -	-1.27M 672.73%	34.67M 2,819.61%	-33.01M 195.20%	4.40M 113.33%
accounts receivables	-848K -	-2.06M 143.16%	-9.13M 342.58%	-6.21M 32.00%
inventory
accounts payables
other working capital	683K -	787K 15.23%	43.80M 5,465.57%	-26.80M 161.19%
other non cash items	66K -	807K 1,122.73%	-32.02M 4,067.16%	-1.70M 94.69%	-8.02M 371.60%
net cash provided by operating activities	-7.28M -	-12.01M 64.93%	-27.55M 129.35%	-103.71M 276.46%	-74.70M 27.98%
investments in property plant and equipment	-2.10M -	-388K 81.54%	-3.35M 764.69%	-2.01M 40.18%	-2.26M 12.66%
acquisitions net	-731K -	-300K 58.96%	1K 100.33%
purchases of investments
sales maturities of investments
other investing activites				-60.95M -	63.64M 204.42%
net cash used for investing activites	-2.83M -	-688K 75.71%	-3.35M 387.50%	-62.96M 1,777.07%	61.38M 197.50%
debt repayment	-130K -	-220K 69.23%	-977K 344.09%	-484K 50.46%	-669K 38.22%
common stock issued			67.26M -	7.73M 88.50%	838K 89.16%
common stock repurchased
dividends paid
other financing activites	11.00M -	12.73M 15.70%	178.43M 1,301.67%
net cash used provided by financing activities	10.87M -	12.51M 15.06%	244.71M 1,856.14%	7.25M 97.04%	169K 97.67%
effect of forex changes on cash			-1.99M -	9.69M 587.37%	-1.10M 111.31%
net change in cash	757K -	-190K 125.10%	211.82M 111,584.74%	-149.73M 170.69%	-14.25M 90.49%
cash at beginning of period	272K -	1.03M 278.31%	839K 18.46%	212.66M 25,246.84%	62.93M 70.41%
cash at end of period	1.03M -	839K 18.46%	212.66M 25,246.84%	62.93M 70.41%	48.68M 22.64%
operating cash flow	-7.28M -	-12.01M 64.93%	-27.55M 129.35%	-103.71M 276.46%	-74.70M 27.98%
capital expenditure	-2.10M -	-388K 81.54%	-3.35M 764.69%	-2.01M 40.18%	-2.26M 12.66%
free cash flow	-9.38M -	-12.40M 32.13%	-30.91M 149.23%	-105.72M 242.08%	-76.96M 27.20%

COM:VERTICAL-AEROSPACE

Vertical Aerospace Ltd.

Last Close

4.80

22/11 21:00

Market Cap

193.97M

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Volume Today

69.25K

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