Vermont-based eVTOL startup Beta Technologies has garnered a $318.0 million windfall in Series C equity capital from leading investors. The company announced on October 31st that the Qatar Investment Authority (QIA), Fidelity Management & Research Company, TPG Rise Climate and United Therapeutics acted as major contributors to the raise.
The new investment capital will facilitate Beta’s efforts to ramp up production at its recently opened facilities initiate the transition of its flagship Alia eVTOL platform into its commercialization phase. In April 2024, Beta crossed a major prototyping milestone when a piloted prototype Alia successfully executed an inflight transition from vertical lift to conventional forward flight.
