BETA Technologies

BETA is a developer of a fully integrated electric aviation ecosystem that specializes in the design and development of electric aircraft including advanced flight control and electric propulsion systems, with a focus on clean aviation technology.

BETA Technologies is creating an electric transportation ecosystem that's safe, reliable and sustainable.

BETA was founded in 2012 by Kyle Clark. The company is headquartered in South Burlington, Vermont.

 

BETA's platform and products are strikingly simple. Prioritization of safety and a pragmatic approach to certification drive elegant redundancy, appropriate diversity of implementation and simplicity of control.

 

BETA's electric vertical aircraft ALIA, is capable of flying 250 nautical miles on a single charge and carrying six people, or a pilot and 1,500 pounds, includes a novel combination of elements that create a smooth and quiet flying experience.

 

BETA partnerships span multiple industries, including air medical delivery, cargo logistics, government, and passenger travel, and include United Therapeutics, UPS, U.S. Air Force, and Blade.

 

BETA is backed by Fidelity Management & Research Company, TPG’s Rise Climate Fund, Amazon's Climate Pledge Fund, Redbird Capital, and others. The company raised $375M in Series B round on Apr 20, 2022. This brings Beta's total funding to $886M to date. The latest round nearly doubled the company's valuation to $2.4B post-money. Beta was last valued at $1.4B from a Series A round raised in May 2021.

 

 

  • Year founded: 2012
  • Funding Info: $886M over 5 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: Valued at $2.4B as of Apr 20, 2022
  • City/Town: South Burlington
  • State: Vermont
  • Country: United States
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