Mentioned:
Electric air taxis are on the rise. And Vertical Aerospace has just raised a large new financing round to advance their aircraft to the next level.
What’s happening:
- Electric vertical takeoff and landing company Vertical Aerospace (NYSE: EVTL) has raised $90M USD in a new equity financing round
Why it matters:
- Electric air taxis have come into focus in the public markets lately, which has been largely fuelled by significant deals such as Archer Aviation's (NYSE: ACHR) new partnership with defense tech giant Anduril
Going deeper:
- Vertical Aerospace has multiple pre-existing notable partners and investors, including Honeywell, American Airlines and Rolls-Royce
- Currently, Vertical Aerospace has more than 1,500 pre-orders for their flagship electric vertical takeoff and landing aircraft known as the VX4
