Vertical Aerospace announced on August 10, 2026, that it has secured an additional US$100 million in funding commitments from both existing and new investors.
The fresh funds will be deployed to support the firm’s next steps in the path to certification and commercialization of the Valo eVTOL, including the upcoming Critical Design Review (CDR).
Other aspects of the eVTOL program that will be funded by the latest funding round include the expansion of the company’s Energy Centre, dedicated to battery production, and the establishment of its future large- scale production facilities in the UK. The latter may also receive financial support from the UK government to the tune of £10 million ($13.5 million).
The CDR is an important milestone because it “locks in” the entire aircraft design and each systems and components. After its completion, no further changes will be possible ahead of its certification testing.
The new US$100 million funding round is composed of three components:
- Existing investor Mudrick Capital Management will put up US$40 million. This figure includes $5 million from a recently closed draw plus another $35 million through an accelerated draw planned to be completed by August 12, 2026. These funds are part of the US$50 million financial facility the investment firm committed in April 2026, in the form of additional convertible secured notes. This part of the funding round is a non-binding agreement in principle, which means that, as per the date of the announcement, August 10, 2026, it is still subject to negotiating and signing definitive agreements
- An additional US$35 million will be underwritten by a group of existing and new investors which will each get “units”, each comprising one ordinary share and one warrant, at a price of $1.05 per unit.
- Last, but not least, another US$25 million is to be drawn from a preferred equity facility set up by another of Vertical Aerospace’s investors, Yorkville Advisors Global.