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 can operate electric aircraft efficiently. BETA Technologies stands out from competitors by offering a comprehensive package that includes both the aircraft and the necessary charging infrastructure, along with pilot training programs. The goal of BETA Technologies is to make air travel greener, safer, and more efficient, contributing to a significant reduction in carbon emissions in the aerospace sector.

Simplify's Take

What believers are saying

• Beta's Alia CX300 is set for testing in Norway's zero-emission airspace.
• The company plans to install 150 charging stations across the United States.
• Beta secured $318 million in Series C funding, boosting its financial position.

What critics are saying

• Increased competition from companies like ORB Aerospace could impact market share.
• Dependence on partners like Whelen Aerospace poses supply chain risks.
• Rapid expansion of charging stations may strain Beta's operational capabilities.

What makes Beta Technologies unique

• Beta Technologies focuses on clean aviation with electric aircraft and eVTOL systems.
• The company offers a comprehensive solution with aircraft and charging infrastructure.
• Beta's collaboration with Whelen Aerospace enhances its aircraft lighting technology.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$1171.2M

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