Vertical Aerospace Ltd

Vertical Aerospace is a global aerospace and technology company developing electric vertical take-off and landing (eVTOL) aircraft for the advanced air mobility market. The company's flagship product, Valo, is a piloted aircraft designed to carry up to six passengers at cruise speeds of 150 mph over distances of up to 100 miles with zero operating emissions. Vertical is also developing a hybrid-electric variant extending range to 1,000+ miles for defense, logistics, and air ambulance applications. The company pursues certification from the UK's CAA and EASA, with validation targeted from the FAA and other international regulators, and now targets type certification in 2029. Vertical has approximately 1,500 conditional pre-orders from customers including American Airlines, Avolon, Bristow, Japan Airlines, and GOL. The company develops proprietary battery and propeller technology in-house and works with strategic partners including Honeywell, Syensqo, Sonaca, Astronics, and Hyundai WIA. Vertical has not yet generated revenue and remains in the research and development phase, funded through equity offerings, convertible debt facilities, and government grants. As of June 30, 2026, the company had 138,390,307 ordinary shares outstanding, up from 101,602,621 at year-end 2025, reflecting substantial dilution from at-the-market sales, preferred share conversions, and equity-based compensation. Updated Aug 13, 2026