Vertical Aerospace announced it has executed and closed the remaining components of a comprehensive financing package totaling up to $850 million, strengthening its capital position as it advances toward electric aircraft certification.
The financing package, initially announced on March 30, 2026 as an $800 million agreement in principle alongside a completed $50 million equity raise, is designed to support the company’s technical and operational milestones while preserving flexibility to pursue additional capital sources.
Following the closing, Vertical now has access to a range of capital facilities and approximately $160 million in near-term working capital. The company has already drawn $30 million from the available facilities.
The financing structure includes three primary components:
- The extension of existing convertible secured notes from Mudrick Capital, along with up to $50 million in additional notes that may be issued in tranches over 12 months under the same terms.
- Up to $250 million in Series A Convertible Preferred Equity from Yorkville Advisors Global, available at the company’s discretion over 24 months.
- An equity line of credit of up to $500 million from Yorkville, accessible over a 36-month period subject to standard conditions.
The funding is expected to support Vertical’s roadmap through its targeted 2028 certification timeline. Key milestones include advancing the Valo aircraft program, completing Critical Design Review, conducting public flight demonstrations, progressing hybrid-electric development, expanding its Vertical Energy Center, building out its manufacturing facility, and initiating production of certification aircraft.
The announcement follows a recent technical milestone achieved on April 16, 2026, when the company completed a full-scale piloted two-way transition flight, a development that validates its aircraft design and reduces technical risk.
KEY QUOTES:
“The close of this comprehensive financing package allows us to build on our strong operational momentum, most recently demonstrated with the successful achievement of full-scale piloted two-way transition flight, a historic technical milestone that validates our product design and represents a major de-risk moment for Vertical. With this funding in place, Vertical is well positioned to continue executing against our roadmap to 2028 certification.”
Stuart Simpson, Chief Executive Officer, Vertical Aerospace
“We are pleased to support Vertical Aerospace as it advances toward certification and commercialization. The Company has demonstrated strong execution against all valuation metrics, and we are confident in Vertical’s well-defined strategy and long-term value potential. Our funding commitment reflects our conviction in Vertical’s ability to deliver on the next phases of its development.”
Mark Angelo, Founder and President, Yorkville Advisors Global, LP
