Beta Technologies proves staying private can still pay off

Apr 19, 2022 · Beta Technologies has secured another $375 million to advance development of its electric vertical take-off and landing aircraft, suggesting that private investors still see considerable promise in eVTOL technology, even as the stock market has soured on it. TPG …

CouponFollow Extension

$375
OFF

Beta Technologies Proves Staying Private Can Still Pay Off

6 days from now

theaircurrent.com

$143
OFF

Flight Path: BTV’s Beta Technologies Is On The Cusp Of A …

6 days from now

May 12, 2021 · Beta raised $143 million in new private capital in March and was in the process …

sevendaysvt.com

$300
OFF

Flight Path: BTV’s Beta Technologies Is On The Cusp Of A …

6 days from now

May 12, 2021 · 10/31/2024 BETA Technologies raises more than $300M in additional equity …

beta.team

$300
OFF

Electric Planemaker Beta Technologies Raises Over $300 Mln In New ...

6 days from now

Oct 31, 2024 · Electric aerospace company Beta Technologies said on Thursday it had raised …

reuters.com

$375
OFF

BETA Technologies Secures $375 Million In Series B Funding To ...

6 days from now

Apr 20, 2022 · SOUTH BURLINGTON, VT -- April 20, 2022 -- BETA Technologies (“BETA” or …

therisefund.com

$368
OFF

BETA Technologies Closes $368 Million Funding Round Led By …

6 days from now

SOUTH BURLINGTON, Vt., May 18, 2021 /PRNewswire/ -- BETA Technologies ("BETA" or …

prnewswire.com

FAQs about Beta Technologies proves staying private can still pay off Coupon?

How much money did Beta Technologies raise?

SOUTH BURLINGTON, Vt ., May 18, 2021 /PRNewswire/ -- BETA Technologies ("BETA" or "the Company"), developer of a fully integrated electric aviation ecosystem, raised $368 million in a private round of funding that was meaningfully oversubscribed and led by Fidelity Management & Research Company. ...

What will beta do with its proceeds?

Proceeds will be used by BETA to continue refinement of its electric propulsion systems and controls, as well as the construction of manufacturing facilities, while the Company advances toward Federal Aviation Administration (FAA) certification of ALIA. ...

How has beta been working?

We have worked through research, engineering, prototyping, test flying, initial phases of certification and now we are entering our next important step of starting production, in an inspiring facility,” said Kyle Clark, CEO and Founder of BETA. ...

Where is beta based?

Beta is headquartered in this building on the grounds of the Burlington airport in South Burlington. The company says it has nearly 300 employees in Vermont and intends to eventually hire hundreds more to build its aircraft. In two years, Beta expects to be assembling its planes in Vermont to ship off to customers. ...

What makes Beta a good company?

BETA’s aircraft are powered by electric propulsion, the heart of which is BETA’s proprietary electric motor, inverter, battery systems, and flight controls. The Company has designed and will produce these elements internally to optimize for safety/weight performance, and reliability. ...

What is beta technology?

Beta Technologies designs and develops electric aircraft including advanced flight control and electric propulsion systems, with a focus on clean aviation technology. Beta designs a self-sufficient eVTOL aircraft ecosystem that satisfies the needs of humans, embraces the laws of nature, and works in harmony with the planet. ...