BETA Technologies raised $318M in a Series C funding round led by QIA to support the growth and commercialization of electric aviation solutions.
BETA Technologies raised $318M in a Series C funding round led by QIA to support the growth and commercialization of electric aviation solutions.
10/31/24, 7:19 PM
Location
south burlingtonMoney raised
$318 million
Industry
information technology
Investors
United Therapeutics, Tpg Rise Climate, Fidelity Management & Research Company, Qia
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 Info
Location
1150 airport drive
south burlington, vermont, united states
Additional Info
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.