Vertical Aerospace Ltd.

The company is a global aerospace and technology company focused on electric aviation. It designs, manufactures, and sells a zero operating emission electric vertical takeoff and landing ("eVTOL") aircraft for the advanced air mobility ("AAM") market. Founded in 2016, the company utilizes technology from the aerospace, automotive, and energy industries. It developed and flew two sub-scale prototype eVTOL aircraft in 2018 and 2019. The company is currently developing its flagship eVTOL, Valo (previously known as the VX4). Its first full-scale prototype concluded its remote thrustborne flight test campaign in August 2023. A second, more advanced, full-scale prototype commenced flight tests in July 2024. In January 2025, the company completed its first piloted thrustborne flight maneuvers after receiving CAA approval to expand its Permit to Fly. This allowed progression from piloted thrustborne hover to piloted thrustborne low-speed flight maneuvers at altitude. Thrustborne flights assess aircraft stability, battery efficiency, control characteristics, aerodynamics, structural and dynamic loads, and performance across different speeds. The piloted thrustborne testing phase was completed in February 2025. In May 2025, the company commenced Phase 3 of its flight test program, completing what it understands to be the first-ever wingborne flight of a winged electric vertical take-off and landing aircraft in European open airspace. On July 16, 2025, following Flight Conditions and Permit to Fly approvals from the CAA, the prototype flew from its Flight Test Centre at Cotswold Airport to the Royal International Air Tattoo ("RIAT") at RAF Fairford.