Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Vertical Aerospace IPO
Stock Market

British company Vertical Aerospace plans to go public in New York

12.02.2022
2 min read

What Vertical Aerospace does

Vertical Aerospace, a British developer of electric flying cabs, has floated on the stock exchange in New York. The founder of Vertical Aerospace is businessman Steven Fitzpatrick, who also owns the energy company Ovo Group.
According to the plans, the first electrically-powered aircraft will be launched in 2024. Such planes can move at a speed of 300 kilometers per hour, they are practically silent and have zero emissions. According to Fitzpatrick, electrification opens up huge opportunities not only for ground transport, but also for air transport. Vertical Aerospace is actively working on the development of an efficient and environmentally friendly eVOTL aircraft, characterized by vertical takeoff and landing. This variant of air transport is being developed all over the world, but the UK is leading the way in this segment. The airplane can carry only a few passengers, making it an ideal means of transportation within metropolitan areas or as a transport for weekend trips. Of course, initially this option will only be available to wealthy people, but in the future, as technology develops and becomes cheaper, it could be considered as a city cab.
Electrified vertical airplanes are practically silent in flight, maneuverable and light. However, the main advantage of transport from Vertical Aerospace is its environmental friendliness – the vehicle emits almost no harmful substances into the atmosphere. This is achieved thanks to small electric rotors. The Vertical Aerospace prototype can cover 160 kilometers with zero emissions. Besides, its design allows reducing the cost of the flight for passengers.Vertical AerospaceThe public offering will be done through the SPAC mechanism, which makes the listing procedure much more affordable and economical in terms of the cost of consultants and other nuances. Vertical Aerospace will merge with SPAC company Broadstone Acquisition to go public. The resulting capital will total $2.2 billion, and management plans to raise about $394 million through a stock offering. The proceeds will be used to expand the number of employees, as well as to build a plant to produce aircraft.
Vertical Aerospace has outlined a clear development strategy that will open up a new niche in the air transportation market – passenger air cabs. The company is confident that the demand for this transportation option will only grow over the years and their goal is to be the first to provide quality air travel services in an environmentally friendly and silent mode of transport. According to Vertical Aerospace’s business model, the company will reach the break-even level and start generating profit when it sells 100 aircraft of its own production.

Tags: Stock Market
0
Previous Post The UK and Norway have a new trade agreement between the countries Next Post Finam company: main factors affecting the ruble

You Might Also Like

US Federal Reserve System
Stock Market
How the US Federal Reserve System stabilizes the market
21.08.2020
Instant noodle maker
Stock Market
Instant noodle maker Monde Nissin is preparing for an IPO
04.12.2021
ASM Pacific Technology
Stock Market
ASM Pacific Technology Ltd wants to leave the stock exchange in Hong Kong
28.05.2021
FRS has lowered the stakes
Stock Market
FRS has lowered the bet: review of the new strategy from Jerry Powell
01.08.2020
Global financial services
Stock Market
World financial services and public literacy
12.07.2020
second wave of contagion
Stock Market
How the second wave of contagion will affect the cost of the cryptocurrency
27.02.2021

Recent Posts

  • 1guidelines for cryptocurrency exchanges
    Canada releases guidelines for cryptocurrency exchanges
    25.05.2022
  • 2How IT is used in banks
    How IT in banks helps transform the sector
    24.05.2022
  • 3Development of the financial sector-1
    Development of the financial sector in terms of DeFi potential
    23.05.2022
  • 4export volumes
    India’s export volumes rise to record levels
    22.05.2022
  • 5Ma Huaten
    Who is Ma Huateng: a professional history
    21.05.2022

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Fred Smith: the man who gave the world express delivery

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

guidelines for cryptocurrency exchanges
Canada releases guidelines for cryptocurrency exchanges
25.05.2022
How IT is used in banks
How IT in banks helps transform the sector
24.05.2022
Development of the financial sector-1
Development of the financial sector in terms of DeFi potential
23.05.2022

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Fred Smith: the man who gave the world express delivery
  • What factors influence the development of the Russian money market
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics