
Address
Beta Technologies Inc
1150 Airport Drive
South Burlington, VT 05403
United States
VCID: 7471370
Profile
Corporate information
Official identities
Company type
Maker of electric airplanes.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.
Safety, simplicity, and pragmatism are at the heart of everything BETA does – from the design of its products and operations, to the company’s approach to the market. The BETA team brings deep experience from top global organizations and a hands-on, multi-disciplinary approach to problem-solving and innovation. To foster a deep understanding of aircraft, engineering, and a connection to the mission, each BETA team member has the opportunity to become flight-certified at no cost.
Funding
Funding rounds
Series C USD 318,000,000
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Qatar Investment Authority | The Qatar sovereign wealth fund. | Qatar | Initial investment. Led the round. |
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United Therapeutics Corp | Biotech company developing novel therapies for lung diseases and organ manufacturing, focusing on rare diseases and transplantable organ availability. | United States | Initial investment. Round participant. |
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Fidelity Management and Research Co | investment management firm offering mutual funds, brokerage, retirement solutions, and asset management for institutions. | Follow-on investment. Round participant. | |
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TPG Rise Climate LP | Dedicated climate investing strategy focusing on clean energy, sustainable materials, and decarbonization solutions. | United States | Follow-on investment. Round participant. |
Cap Table
Current and past shareholders
Investor | Contacts | Round | |
---|---|---|---|
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Fidelity Management and Research Co investment management firm offering mutual funds, brokerage, retirement solutions, and asset management for institutions. |
Series C | |
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Qatar Investment Authority The Qatar sovereign wealth fund. |
Series C | |
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TPG Rise Climate LP Dedicated climate investing strategy focusing on clean energy, sustainable materials, and decarbonization solutions. |
+1 (817) 871-4000 |
Series C |
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United Therapeutics Corp Biotech company developing novel therapies for lung diseases and organ manufacturing, focusing on rare diseases and transplantable organ availability. |
Series C |