BETA Technologies raised $318M in a Series C funding round led by QIA to support the growth and commercialization of electric aviation solutions.

Oct 31, 2024•9 months ago

Amount Raised

$318 Million

South BurlingtonInformation Technology

Investors

United TherapeuticsTpg Rise ClimateFidelity Management & Research CompanyQia

Description

BETA Technologies, Inc. has raised $318 million in Series C equity capital, led by QIA. This funding will enable continued production and commercialization of their electric aircraft and propulsion systems. Notable investors like Fidelity Management & Research Company and TPG Rise Climate also participated in this round.

Company Information

Company

Beta Technologies

Location

1150 AIRPORT DRIVE

South Burlington, Vermont, United States

About

BETA Technologies is an electric aviation company based in Burlington, Vermont. Founded in 2017, BETA is working to change the paradigm of how we transport goods and people by making aviation cleaner, safer, and more cost-effective. To do this, the company is producing all-electric aircraft; multimodal, interoperable charging infrastructure; and training programs for next-generation pilots and maintainers. The BETA team has designed and is pursuing certification of two electric aircraft, including an electric fixed-wing and an electric vertical takeoff and landing (eVTOL) aircraft. The company has also brought more than 20 chargers online across the East and Gulf coasts, with over 50 more in development.

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