Sky News has learnt that New York-listed Vertical Aerospace, which featured prominently at last month’s Farnborough Air Show, is hoping to secure the sum in the coming days. The $100m equity infusion will include $35m from existing institutional backers as well as potential new investors, with the bulk of the commitment coming from Mudrick Capital Management and Yorkville Advisors, two big current shareholders in Vertical Aerospace. Bristol-based Vertical Aerospace was founded by the Ovo Energy entrepreneur, Stephen Fitzpatrick, who also created the smart energy software platform Kaluza. Speaking after its public demonstrations at Farnborough, Vertical Aerospace chief executive Stuart Simpson said they had shown that “electric aviation is moving from promise to progress”. The company declined to comment further on the details or timing of the prospective $100m capital injection.