Equipmake Holdings - Successful First eVTOL Flight - Vertical Aerospace
31/07/2023 07:00
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RNS Number : 6335H Equipmake Holdings PLC 31 July 2023
Reach - non-regulatory announcement
31 July 2023
Equipmake Holdings plc
("Equipmake" or the "Company")
Successful First Untethered eVTOL Flight Test by Vertical Aerospace
Equipmake, the UK-based engineering specialist pioneering the development and
production of electrification products across the automotive, aerospace, bus,
coach and fire truck industries, is pleased to announce that its advanced
electric propulsion unit (EPU) was used in Vertical Aerospace's prototype
eVTOL aircraft in its successful first untethered flight test. The project
is the first time Equipmake's electrification products and expertise have been
applied to the rapidly growing eVTOL market, which is estimated to be worth
$30.8 billion globally by 2030.(1)
Vertical Aerospace, a global aerospace and technology company that is
pioneering zero-emissions aviation, has reported the completion of its
first-ever full-scale untethered eVTOL flights in the UK with its VX4
prototype, which features a bespoke EPU from Equipmake. This EPU combines a
lightweight, power dense electric motor with a high-performance inverter,
which was designed, developed and manufactured by Equipmake at its base in
Snetterton, UK.
The significant milestone of achieving first thrustborne flight - meaning the
prototype eVTOL aircraft has been successfully held up by the thrust of its
vertical propulsion system - allows Vertical Aerospace to continue in its
objective to certify the VX4 by the end of 2026.
The aircraft is being designed to carry a pilot and four passengers and is
expected to have a range of up to 100 miles with the ability to cruise at
speeds of around 150 miles per hour.
Ian Foley, CEO, Equipmake said: "Congratulations to Vertical Aerospace on
achieving this milestone. Through our advanced, lightweight, power dense
electric propulsion unit, which combines both our e-motor and inverter
technology, we're delighted to be supporting the company on its journey and
are looking forward to further assisting in accelerating prototype vehicle
development."
Jenny Harcourt, Director of Procurement & Supply Chain, Vertical Aerospace
said: "This first untethered flight of the VX4 marks a significant milestone
for us and I'm delighted we have the support and expertise of Ian Foley and
his team at Equipmake, who have provided us with an advanced, lightweight,
electrical propulsion unit which has played an absolutely critical role in
this achievement."
(1)Source:
www.marketsandmarkets.com/Market-Reports/evtol-aircraft-market28054110.html?gclid=EAIaIQobChMIvPPO7MSLgAMVRrzVCh1fTAagEAAYASAAEgLjEPD_BwE
(//www.marketsandmarkets.com/Market-Reports/evtol-aircraft-market28054110.html?gclid=EAIaIQobChMIvPPO7MSLgAMVRrzVCh1fTAagEAAYASAAEgLjEPD_BwE)
**ENDS**
For further information, please contact:
Equipmake Via St Brides Partners
Ian Foley, Founder and CEO
Steven McGillivray, CFO
Panmure Gordon (Corporate Adviser & Joint Broker) Tel: +44 (0) 20 7886 2500
John Prior / James Sinclair-Ford / Freddie Twist
Hugh Rich / Sam Elder
VSA Capital Limited (Joint Broker)
Simon Barton / Simba Khatai / Alex Cabral Tel: +44 (0) 20 3005 5000
St Brides Partners (Financial PR Adviser) Tel: +44 (0) 20 7236 1177
equipmake@stbridespartners.co.uk
Susie Geliher / Paul Dulieu
About Equipmake
Equipmake is the UK-based engineering specialist pioneering the development
and production of electrification products to meet the needs of the
automotive, aerospace and other sectors in support of the transition from
fossil-fuelled to zero-emission powertrains.
Equipmake is a leader in ultra-high performance electric motors and complete
EV drivetrains and ultra-fast power electronic systems. As well as developing
proprietary technology - such as an ultra-compact, lightweight high
performance spoke motor - it also offers industry-leading EV consultancy.
Equipmake has developed a vertically integrated solution providing fully
bespoke solutions. The Company has built a significant pipeline of
opportunities, as demand for electric vehicles increases as part of the global
decarbonisation movement.
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