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Beta Technologies
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Short description

Developer of electric aircraft, eVTOL, and infrastructure for commercial, cargo, and passenger applications

Founded in 2017
Founded in

Company type Private Public ()
Company type

Industry Group transportation & logistics

Sector aviation

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters South Burlington, VT South Burlington, United States
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Updated by at on 11/10/2024

Edited by Cleantech Group on 01/07/2025

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Date Company
04/10/2021

UPS UPS

UPS plans to purchase 10 eVTOL aircraft from Beta Technologies with the option to purchase up to 150.

Confirmed by UPS

Partnerships
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Date Partner Type
10/03/2023
Solvay Solvay
BETA Technologies’ electric aircraft to utilize Solvay’s lightweight composite materials to enable zero-emission passenger and cargo air transit.
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Confirmed by Solvay
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Investment Rounds
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IPO INFORMATION

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Description

Date Investors Type Amount
11/06/2024 Fidelity Management & Research Company Fidelity Management & Research Company , TPG Rise Climate TPG Rise Climate , Qatar Investment Authority Qatar Investment Authority , United Therapeutics United Therapeutics (4)
Post-money valuation of
The Series C funding will support production and certification of eVTOL and charging infrastructure build-out
Growth Equity $318,437,454
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