Vertical Aerospace (EVTL) investor relations material

Company overview and product strategy

• Designs and sells electric aircraft and proprietary batteries, focusing on the Valo eVTOL model.

• Only European eVTOL company, aiming for commercial operations by late 2028 or early 2029.

• Aircraft features a large airframe, segregated passenger and pilot areas, and significant luggage capacity.

• Designed for airport shuttles, medevac, cargo, and potential defense applications.

• Partners with leading aerospace firms like Honeywell, Aciturri, and Dassault for key components.

Technical innovation and certification

• Valo transitions between helicopter-like takeoff/landing and airplane flight, using eight propellers.

• Fully electric version offers 100-mile range; hybrid version extends to 1,000 miles.

• Certification targets airline-level safety standards under EASA's SC-VTOL, aiming for approval by end of 2028.

• Prototype has completed all flight phases, including piloted transition, with hybrid prototype to fly by year-end.

• Only one other company (Joby) has achieved similar tiltrotor eVTOL transition.

Commercialization, supply chain, and financials

• Building seven Valo aircraft through 2027 to support certification and market entry.

• Critical Design Review (CDR) in mid-2026 will finalize design and lock in supply chain contracts for over 10 years.

• Customer order book is globally diversified across Americas, EMEA, and Asia Pacific.

• Battery technology developed in-house, with annual replacement cycle and strong gross margins.

• Secured flexible funding facilities up to GBP 850 million, potentially fully funding certification.