Tech Company Financing Transactions
BETA Technologies Funding Round
BETA Technologies, based in Burlington, received $300 million from Qatar Investment Authority, Fidelity Management & Research Company and TPG Rise Climate Fund.
Transaction Overview
Company Name
Announced On
11/4/2024
Transaction Type
Venture Equity
Amount
$300,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds for the continued production, certification, and commercialization of its solutions, which include its all-electric fixed-wing and eVTOL aircraft ALIA, advanced high performance electric propulsion systems, as well as its multimodal charging systems and growing infrastructure network.
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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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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