Company Profile

Vertical Aerospace (NYSE: EVTL) is pioneering electric aviation. The Company was founded in 2016 by 
Stephen Fitzpatrick, an established entrepreneur best known as the founder of the OVO Group, a leading 
energy and technology group and Europe’s largest independent energy retailer.

Vertical has focused on building the most experienced and senior team in the eVTOL industry, who have previously certified 
and supported over 30 different civil and military aircraft and propulsion systems. Vertical received its 
Design Organisation Approval in 2023 underlining the UK Civil Aviation Authority’s confidence in Vertical’s 
capability to design a safe and reliable aircraft and aviation-related products to the highest standards.

Vertical’s top-tier partner ecosystem, including Honeywell Aerospace, Leonardo, Hanwha, Dassault 
Systèmes, Molicel, and GKN Aerospace, is expected to de-risk operational execution and its pathway 
to certification allowing for a lean cost structure and enabling production at scale. Vertical has a leading 
pre-order book from a diverse global customer base, creating multiple potential near term and actionable 
routes to market.

Customers include airlines, aircraft lessors, helicopter operators, mobility firms and 
tourism groups, including American Airlines, Virgin Atlantic, Avolon, Bristow, Marubeni, Kakao Mobility, 
Iberojet and FLYINGGROUP, as well as Japan Airlines (JAL), Gol, Air Greenland, Gozen Holding and AirAsia, 
through Avolon’s VX4 placements. 

Final assembly of Vertical’s second, more advanced full-scale VX4 prototype includes technology from 
Vertical’s tier-one aerospace partners including Honeywell, GKN Aerospace, Hanwha, Leonardo, Molicel 
and Solvay, each of which will contribute to the certification VX4 aircraft. It also features improvements 
developed by Vertical that include its next generation propellers and proprietary battery pack technology, 
which has been developed at its Vertical Energy Centre.

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