Vertical Signs Funding Deal With Mudrick Capital

Vertical recently completed the hover phase of its flight test campaign.

Credit: Vertical Aerospace
Vertical Aerospace has signed an agreement with existing shareholder and self-described distressed asset investor Mudrick Capital to provide up to $50 million in capital to the cash-strapped startup. The investment comes as part of a transaction that will raise up to $180 million for Vertical...
Ben Goldstein

Based in Boston, Ben covers advanced air mobility and is managing editor of Aviation Week Network’s AAM Report.

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