Vertical Aerospace

Summary
Vertical Aerospace Ltd., an aerospace and technology company, engages in designing, manufacturing, and selling zero operating emission electric vertical takeoff and landing (eVTOL) aircraft for use in the advanced air mobility. It offers VX4, an eVTOL aircraft. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.

History

2016

The company was founded in 2016 by Stephen Fitzpatrick, an ex-Formula One team owner, and founder and CEO of OVO Energy.

2018

The company flew its first prototype aircraft – an electrically powered quadcopter that weighed 750kg, named VA-X1 – in June 2018 at Cotswold Airport, Kemble, Gloucestershire. The aircraft, which was unmanned and remotely controlled, is capable of vertical take-off and landing and has four electric engines, each inside a ducted fan.

2019

In 2019, the company became Honeywell's first eVTOL customer, buying their fly-by-wire aircraft control systems for a future Vertical Aerospace aircraft, the VA-X4. Further in 2019 they launched their second aircraft, VA-X2, making them the first company in the world to release flight footage of an electric VTOL aircraft capable of carrying 250kg. 2019 was also the year the company appointed its President, Michael Cervenka, former Head of Future Business Propositions at Rolls-Royce.

2020

In 2020, the company announced the VX4, a significant departure from the company’s previous multicopter design. They also established Vertical Advanced Engineering, in order to apply technologies and agile processes from F1 to the development of eVTOL aircraft.

2021

In January 2021, they joined a consortium of urban air mobility and aviation companies to work with the Civil Aviation Authority as part of its Future Air Mobility Regulatory Sandbox. The company announced that they would be partnering companies like Skyports Limited, Atkins, a member of the SNC-Lavalin Group, and the West of England Combined Authority. Also in February 2021, the company announced it was partnering with Solvay S.A. for the development of the composite structure of its vehicle. In March, the company announced it was partnering with Rolls-Royce for the development of its electrical power system.In May 2021, former Airbus CEO Urban Mobility, Eduardo Dominguez Puerta joined Vertical Aerospace as Chief Commercial Officer. In June 2021, it was announced that the company would merge with Broadstone Acquisition Corp, a special purpose acquisition company , founded by Hugh Osmond. Additionally, the company announced that it would float on the NYSE.In June 2021, the company was exploring a flying taxi service as part of a partnership with Virgin Atlantic. and American Airlines announced a pre-order of up to 250 aircraft with an option for an additional 100.The company originally stated a goal of commercial flight by 2022. In its most recent announcements, it appears to be targeting 2024.In December 2021, the company listed on the New York Stock Exchange following the merger with Broadstone Acquisition Corp under the ticker EVTL.

2022

In January 2022, the company appointed Avolon's Dómhnal Slattery as Vertical Chairman.


Mission
Vertical Aerospace is committed to accelerating a safer, sustainable, global mobility future in which everyone has the opportunity to save time, reduce their transport-related carbon footprint, and travel with ease. We innovate and manufacture electric Vertical Take-off and Landing (eVTOL) aircraft with the aim of outpacing traditional aviation technology, to become the leader in global electric air mobility (EAM).

Vision
Vertical Aerospace’s vision is to completely revolutionize the global mobility landscape by introducing safe, quiet, and sustainable aircraft that enables seamless travel and improved living standards for all.

Key Team

Paul Harper (Head of Certification)

Eric Samson (Head of Engineering)

Paul Cotton (Head of Independent Systems Monitoring)


Recognition and Awards
Vertical Aerospace has been widely recognized in the industry as an innovative and leading eVTOL aircraft manufacturer. Recognitions include being named in Wired’s 2020 Next List, and being awarded a Guinness World Record for the “World’s Largest Autonomous Passenger Drone”.

References
Vertical Aerospace
Leadership team

Mr. Michael Cervenka (Pres & Exec. Director)

Mr. Vincent Casey (CFO & Exec. Director)

Mr. Stephen Fitzpatrick (Founder, CEO & Exec. Director)

Products/ Services
Aerospace, Air Transportation, Mechanical Engineering
Number of Employees
100 - 500
Headquarters
Bristol, Bristol, City of, United Kingdom
Established
2016
Company Registration
SEC CIK number: 0001867102
Traded as
EVTL
Social Media
Wed Feb 28 2024
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