Europe's flying taxi dreams falter as cash runs short [Yahoo! Finance]
Vertical Aerospace Ltd. (EVTL)
Company Research
Source: Yahoo! Finance
Germany's Volocopter promised its electric-powered, two-seater aircraft, the VoloCity, would be ferrying passengers around the city. It never happened. Instead the company ran demonstration flights. While missing that deadline was embarrassing, behind the scenes a more serious issue was playing out - Volocopter was urgently trying to raise fresh investment to keep the firm going. Talks to borrow €100m (£83m; $106m) from the government failed in April Now hopes are pinned on China's Geely, which is in talks to take an 85% stake in Volocopter in return for $95m of funding, according to a Bloomberg report . The deal could mean that any future manufacturing would be moved to China. Volocopter is one of dozens of companies around the world developing an electric vertical take-off and landing (EVTOL) aircraft. Their machines promise the flexibility of a helicopter, but without the cost, noise and emissions. However, faced with the massive cost of getting such novel aircraft a
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EVTL
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
- 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
- Vertical Aerospace Launches "Flightpath 2030", a Strategy to Pioneer Electric AviationBusiness 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