2024 was a milestone year for Vertical Aerospace. We launched our Flightpath 2030 strategy, advanced piloted flight testing, and strengthened our financial position.
With today's FY2024 earnings release, we reflect on key achievements, including:
- $220M re-financing secured, including balance sheet restructure and upsized $90M public offering, funding operations through 2025
- An industry leader in capital efficiency as Vertical advances towards certification and commercialisation
- Vertical preparing for full-scale piloted wingborne flight following completion of piloted thrustborne testing
- Third full-scale VX4 prototype assembly underway at partner GKN Aerospace’s Global Technology Centre
With our latest aircraft exceeding performance projections, and Vertical reaching key regulatory milestones, we are reinforcing our position as Europe’s leading eVTOL company.
To join FY24 earnings call today at 08:30 ET (12:30 GMT), visit our investor relations website here: https://lnkd.in/g4A6CgHi