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Market
Which company will lead the flying taxi market by end of 2025?
2
Resolution / Starting Odds
Vertical Aerospace leads • 33%
Lilium leads • 33%
Volocopter leads • 33%
Other • 1%
Market analysis reports or company financial disclosures
Story
UK's Vertical Aerospace Gets $50M from Mudrick Capital for Flying Taxis
Nov 25, 2024, 10:25 AM
Vertical Aerospace, a UK-based startup focused on developing flying taxis, has secured up to $50 million in new funding from Mudrick Capital. This financial injection is part of a larger $180 million transaction aimed at strengthening the company's financial position and advancing its Flightpath 2030 strategy. The funding will provide Vertical Aerospace with the necessary resources to test and certify its first model. This comes at a time when the air taxi industry faces challenges, with competitors like Lilium and Volocopter experiencing financial difficulties.
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