Tech Company Financing Transactions
BETA Technologies Funding Round
On 4/20/2022, BETA Technologies raised $375 million in Series B investment from The Rise Fund, Fidelity Management & Research Company and TPG Capital.
Transaction Overview
Company Name
Announced On
4/20/2022
Transaction Type
Venture Equity
Amount
$375,000,000
Round
Series B
Investors
Proceeds Purpose
the company said the funds will be used to refine ALIA's electric propulsion systems and controls, conduct more advanced tests of its two prototypes, and expand its aircraft charging infrastructure.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
1150 Airport Dr.
Burlington, VT 05403
USA
Burlington, VT 05403
USA
Phone
Website
Email Address
Overview
Beta Air LLC, D/B/A Beta Technologies), specializes in the design and development of electric aircraft including advanced flight control and electric propulsion systems, with a focus on clean aviation technology. Our creative and analytical engineering team practice fundamental and innovative engineering.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kyle Clark
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Where The Data Comes From
We do our best to document every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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