Finance, Taxes, Insurance
Vertical Raises $60 Million for VX4 eVTOL Aircraft Development
UK start-up says it now has cash to support work on the four-passenger aircraft through mid-2026
Vertical Aerospace VX4 eVTOL aircraft
Vertical Aerospace is expanding piloted flight testing for its VX4 eVTOL aircraft.

Vertical Aerospace has completed the closing of the public offering it announced earlier this year. On July 11, the UK company said the net proceeds from the $60 million raised will extend available cash to support work on its VX4 eVTOL aircraft through the middle of 2026.

The offering sold 12 million ordinary shares in the company priced at $5. Underwriters have a 30-day option to purchase an additional 1.8 million shares at the same price.