Vertical Aerospace (NYSE: EVTL), a Bristol-based developer of electric vertical take-off and landing (eVTOL) aircraft, is conducting a strategic review that may include potential partnerships or financing arrangements. The company has retained Jefferies LLC as its financial advisor and has recently secured approximately $100 million in new financing, supporting its push toward certification, production, and commercialization of its Valo aircraft by 2026.
The review, which has no fixed timeline and no guarantee of a transaction, follows recent operational milestones. Vertical Aerospace completed a piloted transition flight in a full-scale tiltrotor eVTOL in 2023 and demonstrated the aircraft for five consecutive days at the Farnborough International Airshow. By year-end 2026, the company aims to complete its Critical Design Review, with early production facilities and an expanded Energy Centre expected to open later this year.
The company’s pre-order book stands at around 1,500 units, backed by major airlines including American Airlines, Avolon, Bristow, GOL, and Japan Airlines. Stuart Simpson, CEO, emphasized the need for financing to accelerate the next phase of growth as the company transitions to certification and commercialization. Fabrice Brégier, former Airbus Commercial Aircraft CEO, has been appointed chair of the board.
Vertical Aerospace’s strategic review underscores the industry’s evolving landscape for eVTOL technology, where funding and partnerships are critical to scaling production and achieving regulatory approvals. Operations and commercial commitments remain unaffected by the review process.
