Flying Car Startup Vertical Soars as American Airlines Provides Cash

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July 15, 2022 12:05 pm ET

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Vertical Aerospace the eVTOL maker, secured some expected funding from American Airlines and shares of the aerospace startup were soaring Friday.

EVTOL is short for electric vertical takeoff and landing. The new generation aircraft are relatively low-priced and easy to fly and create visions of flying cars and air taxis that can reduce urban congestion with quiet-running electric motors.

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