Published by Global Banking & Finance Review®
Posted on March 30, 2026
2 min readLast updated: March 30, 2026
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Vertical Aerospace has secured an in‑principle financing package of up to $850 million—including $50 million already raised plus a further $30 million expected soon—providing about $160 million in near‑term working capital and broader funding through 2027 to support flight testing, certification and
March 30 (Reuters) - UK-based electric aviation company Vertical Aerospace said on Monday it has agreed in principle to a financing package of up to $850 million, sending its US-listed shares up over 4% in morning trading.
The company said it raised $50 million of equity capital on Monday and expects a further $30 million shortly, positioning it to have about $160 million of working capital in the near term to fund operations through 2026.
The package provides for access to up to $800 million capital through 2027 and beyond to support the electric vertical take-off and landing aircraft maker's flight testing, certification work and initial production of its Valo aircraft, among other operational purposes.
The financing comes against the backdrop of a broader industry push by air taxi startups heavily investing to secure approvals and commercialize eVTOL aircraft, to meet the growing demand for faster, more sustainable urban transportation amid a stringent regulatory environment.
Vertical Aerospace said it has partnered with investment management firms Mudrick Capital Management and Yorkville Advisors Global to assemble the financing package, with the former extending and adding to Vertical's convertible debt and the latter offering about $250 million in convertible preferred shares.
(Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Shailesh Kuber)
Vertical Aerospace has agreed in principle to a financing package of up to $850 million.
The financing will support flight testing, certification, and initial production of the Valo aircraft, as well as other operational purposes.
Mudrick Capital Management and Yorkville Advisors Global are the main investment partners in this financing package.
Vertical Aerospace raised $50 million in equity capital on Monday and expects a further $30 million shortly.
The new funds position Vertical Aerospace to have about $160 million in working capital in the near term, supporting operations through 2026.
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