An announcement from Vertical Aerospace ( (EVTL) ) is now available.
On March 11, 2025, Vertical Aerospace announced its 2024 annual report, highlighting significant advancements in its Flightpath 2030 strategy. The company secured $220 million in refinancing, including a $90 million public offering, to fund operations through 2025. Vertical Aerospace is progressing towards certification and commercialization, with its second full-scale VX4 prototype completing piloted thrustborne testing and preparing for wingborne flight, a potential world-first for electric aircraft. The company restructured its balance sheet by converting $130 million of debt to equity and strengthened its leadership team to enhance regulatory expertise. These developments reinforce Vertical’s position as a leading eVTOL company in Europe, with implications for market leadership and stakeholder confidence.
More about Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. It is focused on creating a safer, cleaner, and quieter way to travel with its piloted, four-passenger Electric Vertical Take-Off and Landing (eVTOL) aircraft, the VX4, which has zero operating emissions. The company collaborates with leading aerospace firms such as GKN Aerospace, Honeywell, and Leonardo, while also developing its proprietary battery and propeller technology. Vertical Aerospace has approximately 1,500 pre-orders for the VX4 from customers across four continents, including major airlines like American Airlines and Japan Airlines.
YTD Price Performance: -66.67%
Average Trading Volume: 464,791
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $307.8M
See more insights into EVTL stock on TipRanks’ Stock Analysis page.