Vertical Aerospace Ltd., a leader in zero-emission aviation, has announced a strategic leadership reshuffle as it approaches the certification and commercialization of its VX4 aircraft. Stuart Simpson, previously the CFO and a veteran executive, steps up as CEO, taking the helm to steer the company through this critical phase. Simpson’s extensive background in technology, automotive,…
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Vertical Aerospace secures $50 million funding from CEO and founder
Vertical Aerospace, a global aerospace and technology company that is pioneering zero emissions aviation, announced that it has entered into an investment agreement with its CEO and founder, Stephen Fitzpatrick, who will provide up to $50 million of funding to the company in the form of an equity investment. The investment follows a previous agreement…