Overview

BETA Technologies develops electric vertical take-off and landing (eVTOL) aircraft and the charging infrastructure needed to support them. Their eVTOL aircraft are designed for both passenger and cargo transport, providing a sustainable air transportation solution. The company also installs and maintains charging systems, ensuring that clients have the necessary support for electric flight. BETA Technologies stands out from competitors by offering a comprehensive package that includes both the aircraft and the charging infrastructure, along with pilot training programs. The goal of BETA Technologies is to make air travel greener, safer, and more efficient, catering to the growing demand for sustainable transportation in the aerospace sector.

Simplify's Take

What believers are saying

• Beta's Alia CX300 is set for trials in Norway, expanding its international presence.
• The FAA's new eVTOL regulations could accelerate Beta's U.S. market deployment.
• Beta plans to install 150 charging stations across the U.S., supporting infrastructure growth.

What critics are saying

• Increased competition from ORB Aerospace could threaten Beta's market share.
• Dependency on Whelen Aerospace for lighting may pose supply chain risks.
• Infrastructure delays in Norway could hinder Beta's European market entry.

What makes Beta Technologies unique

• Beta Technologies offers a comprehensive eVTOL ecosystem, including aircraft and charging infrastructure.
• The company focuses on sustainable aviation, aligning with global carbon reduction goals.
• Beta's partnership with Whelen Aerospace enhances its aircraft with advanced lighting technology.

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Funding

Total Funding

$1373.1M

Above

Industry Average

Funded Over

6 Rounds

$318,000,000

Series C

Oct 2024

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$318M

View all funding stages