Vertical Aerospace Founder Adds $50 Million To Keep The Dream Alive

Simple Flying

By Michael Doran

Published 2 days ago

In an extraordinary sign of his commitment, Vertical founder and CEO Stephen Fitzpatrick has committed $50 million to the VX4 project.

Image: Vertical Aerospace

Stephen Fitzpatrick, Founder and CEO of Vertical Aerospace, is committed to pioneering zero-carbon aviation and has invested $50 million in equity capital to support the company's development.
Vertical Aerospace has made significant technical progress in its prototype program and certification plans, which Fitzpatrick believes is not reflected in the company's share price.
Vertical's funding will extend its cash runway into 2025, allowing for the ongoing development of the certification aircraft design and completion of the second-generation VX4 prototype.