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The only way is up for Vertical as Kakao joins
South Korea is one of the largest economies in the world and home to globally leading technology companies. A deal for 50 VX4s will support Kakao's 'hail a ride' service for more than 30 million registered users.
Vertical and Kakao Mobility will drive the commercialisation of AAM services in South Korea via network and fleet planning, infrastructure requirements, regulatory development and consumer awareness.

Vertical Aerospace has received a pre-order for 50 of its VX4 aircraft from technology company Kakao Mobility, adding South Korea to its list of customer launch markets.

Kakao Mobility, the largest mobility-as-a-service (MaaS) platform in South Korea with more than 30 million registered users, is the mobility subsidiary of South Korean internet giant Kakao Corporation. It runs the country's most popular taxi hailing app Kakao T, providing taxi hailing, designated driver booking and parking space search, and Kakao Navi app with real-time traffic information services.

Vertical and Kakao Mobility will establish a Joint Working Group (JWG) to drive the commercialisation of AAM services in South Korea, including the exploration of network and fleet planning, infrastructure requirements, regulatory development and consumer awareness of eVTOL mobility solutions.

South Korea is one of the largest economies in the world and is home to globally leading technology companies. Seoul, as well as other regions such as Busan, is expected to have a significant urban air mobility (UAM) market potential.

This JWG builds on Vertical's existing consortium partnership with Kakao Mobility, LG Uplus and GS E&C, and the continued engagement with Korea's Ministry of Land, Infrastructure and Transport, for the K-UAM Grand Challenge (K-UAM GC).

The agreement with Kakao Mobility marks Vertical's first partnership with a mobility technology company, enabling Vertical to leverage its existing customer base and vehicle network to create a seamless air-to-ground passenger journey and UAM ecosystem in the country.

Vertical founder and CEO Stephen Fitzpatrick says: “We are delighted to be partnering with Kakao Mobility. With its over 30 million registered users, it is the go-to choice to 'hail a ride' and with our partnership, we look forward to people across South Korea being able to fly in a VX4 in the years to come. We are thrilled to be working together to make our joint vision a reality.”

Kakao Mobility CEO Alex Ryu adds: “Kakao Mobility is the leading mobility platform, and in an AI-enabled world with the need for a faster, eco-friendly means of moving, we understand that UAM will be a game-changer in the near future. We are excited to take part in Vertical Aerospace's mission to launch its VX4 globally and to bring an UAM service to Korean market. We will be expanding our business not only on the ground but to the sky through this partnership. As a consolidated mobility platform, Kakao Mobility will develop the ‘De Facto Standard’ for UAM services. We look forward to collaborating closely to complete the K-UAM Grand Challenge successfully and enter into commercialisation shortly after.”

Vertical already has strong ties to South Korea with Hanwha, a key partner for the VX4 certification aircraft in terms of collaboration on the development and supply of actuator systems.

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