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Vertical Aerospace Signs Strategic MoU with AHQ Group and Saudi National Industrial Development Centre to Accelerate AAM in the Kingdom

EVTL
  • Vertical Aerospace signed a strategic three-party Memorandum of Understanding in Riyadh with the AHQ Group and the Saudi National Industrial Development Centre (NIDC).
  • The partnership establishes a framework to explore the development of a long-term Advanced Air Mobility ecosystem in Saudi Arabia aligned with Vision 2030.
  • The MoU covers opportunities in manufacturing localization, commercial eVTOL operations, investment structures, incentives, battery systems, AAM services, job creation, industrial diversification, clean transport, certification programs, long-term growth, potential operations of over 1,000 Valo aircraft, regional hub development, high-value manufacturing, regulatory certification pathways, prototype testing timelines, supplier selection, commercialization plans, capital raising needs, net-zero transition, and risk mitigation strategies.
  • Vertical Aerospace is noted as the only eVTOL OEM actively assessing both in-country manufacturing investment opportunities with a Ministerial body in the Kingdom.
  • Valo aircraft are engineered for hot, high-demand environments with performance up to 50 degrees Celsius, high payload capabilities, advanced thermal management, thermally isolated batteries, zero operating emissions, airliner-level safety standards, UK CAA compliance, EASA compliance, a 160km range, 240 km/h speed, 4-passenger capacity, hybrid-electric variant development, 1,500 pre-orders from customers across four continents, partnerships with Honeywell, Syensqo, Aciturri, proprietary battery technology, proprietary propeller technology, headquarters in Bristol, UK, leadership from Rolls-Royce, Airbus, GM, Leonardo, and previous certification of over 30 civil military aircraft propulsion systems.
  • Forward-looking statements regarding expected benefits, design, manufacture, operations, features, capabilities, pre-orders, commitments, business strategy, plans, objectives, timelines, supplier selection, certification, commercialization, net-zero transition, capital raising, going concern risks, capital expenditures, and regulatory certification are included with disclaimers on material differences from actual outcomes.
  • Contact information provided for Justin Bates, Head of Communications, Samuel Emden, Head of Investor Affairs, businesswire.com source version, and multimedia access.