Air Taxi Funding Has Stalled Over Europe — Here's Why [Forbes]
Vertical Aerospace Ltd. (EVTL)
Company Research
Source: Forbes
Mobility services at Gimpo International Airport in Seoul in November 11, 2021, in the first ever crewed public test flight of a fully electric vertical take-off and landing (eVTOL) air taxi in South Korea. (Photo by Anthony WALLACE / AFP) (Photo by ANTHONY WALLACE/AFP via Getty Images) AFP via Getty Images Europe's eVTOL flying taxi leaders are burning through cash — and investors aren't rushing to fill the gap. So-called flying taxis are better known as eVTOLs, or electric vertical take off and landing aircraft, and have been hovering on the horizon to disrupt urban air mobility for years — pending certification of course. But three of the biggest European players have hit financial woes of late . British Vertical Aerospace lost a key supplier, revealed net losses had climbed 45% to $17m in its latest round of annual results, and admitted it was seeking new investment — though there has been good news, with an untethered, piloted test of its VX4 aircraft. German startup Li
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News
- Vertical Aerospace Ltd. (NYSE: EVTL) had its price target raised by analysts at Barclays PLC from $0.75 to $2.00. They now have an "underweight" rating on the stock.MarketBeat
- Energy tycoon risks £200m lawsuit as flying taxi company battles cash crunch [Yahoo! Finance]Yahoo! Finance
- Europe's flying taxi dreams falter as cash runs short [Yahoo! Finance]Yahoo! Finance
- VX4 Achieves Major Milestone With Launch of Phase 2 of Piloted Flight Testing [Yahoo! Finance]Yahoo! Finance
- VX4 Achieves Major Milestone With Launch of Phase 2 of Piloted Flight TestingBusiness Wire
EVTL
Sec Filings
- 11/21/24 - Form 6-K
- 11/13/24 - Form SC
- 11/12/24 - Form 6-K
- EVTL's page on the SEC website