Vertical Could Raise Up to $850M for Air Taxi Certification

U.K. electric air taxi manufacturer Vertical Aerospace, which earlier this month warned investors of a “going concern” due to cash needs, says it now has enough money to fund certification activities through 2026, and potentially well beyond. The company on Monday said it worked with Mudrick Capital Management, a marquee investor since 2021, and Yorkville Advisors Global to secure a nonbinding “co