Beta Technologies

Beta Technologies

Develops eVTOL aircraft and charging systems

About

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.

Company Stage

Series C

Employees

501-1,000

Industries

Automotive & Transportation, Energy, Aerospace

Total Funding

$1.2B

Headquarters

South Burlington, Vermont

Founded

2017


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Simplify's Take

What believers are saying

  • Beta Technologies raised $318 million in Series C funding for growth and commercialization.
  • FAA advancements in eVTOL certification accelerate electric aircraft commercialization.
  • Growing urban air mobility demand boosts eVTOL aircraft market potential.

What critics are saying

  • Increased competition from ORB Aerospace may impact Beta Technologies' market share.
  • Dependence on state funding poses risks if government priorities shift.
  • Rapid production scaling may lead to quality control challenges.

What makes Beta Technologies unique

  • Beta Technologies focuses on clean aviation with electric propulsion and flight control systems.
  • The company offers a comprehensive eVTOL ecosystem, including aircraft and charging infrastructure.
  • Beta Technologies targets commercial airlines and logistics companies for sustainable air transport solutions.

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Growth & Insights
Headcount

6 month growth

3%

1 year growth

23%

2 year growth

75%

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