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Vertical Aerospace ( (EVTL) ) has issued an announcement.
Vertical Aerospace has announced significant financial and operational advancements in its third quarter of 2024. The company secured up to $50 million in new funding to enhance its financial stability and support its ‘Flightpath 2030’ strategy. This funding will aid in removing barriers to third-party investment and support operations through 2025. Additionally, Vertical achieved a major milestone by launching Phase 2 of its piloted flight test program and won an industry award for its zero-emission aviation technology, positioning itself as a leader in the aerospace sector.
More about Vertical Aerospace
Vertical Aerospace is a global aerospace and technology company pioneering electric aviation with its zero-emission VX4 aircraft. It partners with leading aerospace firms to advance its proprietary battery and propeller technology while boasting approximately 1,500 pre-orders from major airlines. Founded in 2016 and headquartered in Bristol, the company aims to provide a safer, cleaner, and quieter mode of air travel.
YTD Price Performance: 11.92%
Average Trading Volume: 108,439
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $147.1M
See more data about EVTL stock on TipRanks’ Stock Analysis page.
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