Electric 'flying taxis' made by Bristol firm could be in use by 2028 View Image

A Bristol-headquartered company developing an all-electric 'flying taxi' says the aircraft could be ready for commercial use by 2028 if it secures $700m in funding.

Vertical Aerospace is planning to build a new factory at Cotswold Airport, near Kemble in Gloucestershire, next to its existing flight test centre, where it hopes to produce around 25 so-called VX4 aircraft a year.

It will also expand battery production at its site in Avonmouth , near Bristol, by building a new 30,000 sq ft facility which it says will provide capacity until 2030.

Vertical Aerospace was established by OVO Energy founder Stephen Fitzpatrick in 2016 and is working towards the commercial deployment of electric vertical take-off

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