Funding History. The latest round nearly doubled the company's valuation to $2.4B post-money. BETA Air Ownership Status Privately Held (backing) Financing Status Venture Capital-Backed Primary Industry Aerospace and Defense Primary Office 1150 Airport Drive South Burlington, VT 05403 United States +1 (802) 000-0000 BETA Technologies Timeline 2019 2020 2021 2022 Financing Round Captured Employee Count Estimated Employee Growth BETA Technologies Funding and Future Plans In the Series A funding round for the tech startup, BETA Technologies raised a whopping $368 million. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Beta Technologies Inc.. Company Details. Beta is also developing the ALIA, a craft designed for the safe transport of organs. We are building collaborations and supporting projects that will deliver the game-changing technologies we need for a greener and healthier future. Beta Technologies serves cargo, passenger . $24 Million. The company was founded by Kyle Clark in 2017. The company has also developed a network of specially designed charging infrastructure to support their aircraft. Beta Technologies, an electric aircraft startup working with UPS and backed by Amazon, has raised $375m (c.290m) to prepare to build a fleet of cargo-delivery copters. The round was led by Fidelity. Key goals of the program are to (1) expand access to career-enhancing experiential learning opportunities for a broader, more diverse population, including adult learners interested in re-skilling and/or upskilling (e.g., those who face or who have faced significant barriers to accessing a formal STEM education); (2) promote cross sector partnerships between organizations in emerging . Aerospace | Founded: 2012 | Funding to Date: $143,000,000. One year later, Amazon has now made a second investment in BETA . Log in Register BETA Technologies 4756. Beta Technologies, an electric aircraft startup, is working with Amazon and the United States Postal Service to change the way short-range cargo deliveries work. Electric aviation startup Beta Technologies raises $375 million Beta Technologies, a Burlington, Vermont-based electric aviation company, announced the close of a $375 million Series B funding round on Wednesday, bringing total venture funding for the maker of electric vertical takeoff and landing aircraft (eVTOL) to nearly $800 million. The funding round was led by Fidelity Management & Research Company with notable participation from Amazon's Climate Pledge Fund. Funding Innovation Growth | Beta is all about connecting people and knowledge to promote innovation. beta.team. Beta Technologies, Inc. is an aviation company. With TPG Rise Climate and Fidelity Management and Research Company leading the investment round, Beta said it will use the funds to continue to develop the company's integrated electric aviation system . May 18, 2021 Amazon Climate Pledge Fund recipient BETA Technologies is reshaping air transportation with its fully-electric, zero-emission aircraft. Chief Financial Officer @beta.team (212 . BETA Technologies Executive Team & Key Decision Makers. The new capital is the second round of. 1. Source: axios.com. Email:info@beta.team . The microalgae is also rich in other carotenoids, such as phytoene, lutein, and lycopene, as well as other phytochemicals and micronutrients. Beta Technologies closed its last funding round on Apr 20, 2022 from a Series B round. Beta Technologies eVTOL Air Taxi Prototype Earlier this year, it raised $143 million in private capital. Grant. Following this funding round, leasing group LCI announced plans to add up to 125 of Beta's eVTOL design to its portfolio. BETA Technologies closes $368 million funding round led by Fidelity and backed by Amazon's Climate Pledge Fund At the heart of this system is ALIA, BETA's electric vertical aircraft, which. Beta raised $143 million in new private capital in March and was in the process of raising $190 million more, according to a U.S. Securities and Exchange Commission disclosure filed April 1 but. Equity Funding. The eVTOL is ultimately designed to carry organs from a manufacturing facility to hospitals. We connect people, knowledge and funding to promote innovation. This brings Beta's total funding to $886M to date. The Company designs and manufactures electric aircrafts and recharging pad systems. Beta Technologies adds $368 million in Series A funding for its electric aviation ecosystem. Galvin Flying Services Inc. 54. Beta Technology | 617 followers on LinkedIn. Beta Technologies. Funding Beta Technologies has raised a total of $886M in funding over 3 rounds. Our team is passionate about science and technology. Beta Technologies closes funding round with $375 million. Beta Technologies has raised $886M. SOUTH BURLINGTON, Vt ., May 18, 2021 /PRNewswire/ -- BETA Technologies ("BETA" or "the Company"), developer of a fully integrated electric aviation ecosystem, raised $368 million in a private. US Small Business Administration (SBA) Award . Nature Beta Technologies (NBT) cultivates Dunaliella bardawil microalgae, a source of beta carotene that contains 50% of the 9-cis isomer which occurs only in natural form. beta.team; B2c ; Founded in 2017; Raised $368M; Design . South Burlington aviation startup Beta Technologies announced Wednesday that it has raised $375 million in Series B financing the Vermont tech darling's second such sum in 12 months. On Tuesday, BETA Technologies, which develops electric vertical planes (eVTOL) and related technologies, announced that it has raised $368 million in a Series A venture capital round, led by Fidelity and with the participation of Amazon's Climate Pledge Fund. Weiterlesen. Header placeholder lorem ipsum dolor sit amet, consectetur adipiscing elit. In late April 2022, Beta Technologies announced it had raised $375 million more towards the development of its eVTOL design. Beta Technologies adds $368 million in Series A funding for its electric aviation ecosystem. Credit: BETA. BETA Technologies develops the design and development of electric aircraft including advanced flight control and electric propulsion systems, with a focus on clean aviation technology. About. His is a heavily modified airplane airframe with 90-degree tilting wings and ailerons . Beta Technology | 589 followers on LinkedIn. BETA Technologies closes $368 million funding round led by Fidelity and backed by Amazon's Climate Pledge Fund Fidelity Management & Research Company is joined by Amazon's Climate Pledge. Our team is passionate about science and technology, and we are building collaborations and supporting projects that will deliver the game-changing technologies we need for a greener and healthier future. Reporting File Number: 021-394327: State of Incorporation: DELAWARE . US Small Business Administration (SBA) Award. SEE HOW WE ADD VALUE. Their latest funding was raised on Apr 20, 2022 from a Series B round. Source: techcrunch.com. Venture-funding News. Beta Technologies, founded by entrepreneur Kyle Clark, is developing an eVTOL aircraft; the technology demonstrator is dubbed the "Ava XC." The company is one of several electric VTOL companies receiving funding from Martine Rothblatt's United Therapeutics. Our vision is to use our networks and know-how to full potential. 2022 BETA Technologies. Read the full Press Release here. The company's aircrafts are designed around its proprietary propulsion technology and intended to service the cargo, passenger and emergency . Beta Technologies specializes in the design and development of electric aircraft including advanced flight control and electric propulsion systems, with a focus on clean aviation technology. Explore Companies Investors Top 50 Streams Trending tech news Latest investments Latest acquisitions About Index Index. Top Competitors of BETA Technologies. BETA Technologies has raised $375 million in an oversubscribed Series B financing round, led by TPG Rise Climate and Fidelity Management & Research Company. SOUTH BURLINGTON, Vt ., May 18, 2021 /PRNewswire/ -- BETA Technologies ("BETA" or "the Company"), developer of a fully integrated electric aviation ecosystem, raised $368 million in a private round of funding that was meaningfully oversubscribed and led by Fidelity Management & Research Company. Everything you need to need to know about the largest global startup funding rounds of Q2 2022; broken down by industry, stage, investors, and more Filed Under: Funding, RFC-AW, Startups Tagged With: 8VC, 9Yards Capital, Aaron Feaver, Abu Dhabi Growth Fund, Accel, Adams Street Partners, Advent . Electric aircraft company Beta Technologies said on Tuesday it had raised $368 million in a private funding round, led by Fidelity Management and backed by Amazon's climate-focused venture capital . Aspen Flying Club. This company was founded by Kyle Clark in 2012 and is headquarters in South Burlington, VT. BETA Technologies, a developer of electric vertical take-off and landing aircraft and charging systemswhich Amazon invested in through its Climate Pledge Fund performed a test flight of its ALIA electric aircraft between two Amazon Air Hubs in the Northern Kentucky and Ohio region, the first-ever test of an electric aircraft at Amazon facilities. Funding Innovation Growth | Beta is all about connecting people and knowledge to promote innovation. By TNW. Beta has partnered with, and is funded by, United Therapeutics biotechnology company. Beta Technologies Inc. Beta Technologies is a developer of electric vehicle takeoff and landing ("EVTOL") aircrafts and recharging pad systems. Beta Technologies says it expects to achieve FAA type certification for its Alia eVTOL in 2024. After Beta Technologies . The company raised $375M in Series B round on Apr 20, 2022. DISCOVER OUR EXPERTISE. Funding Innovation Growth | Beta is all about connecting people and knowledge to promote innovation. Beta Technology | 553 followers on LinkedIn. Beta intends to use the funds to further develop its electric aerial system. BETA Technologies Info. Why it matters: Beta aims to achieve FAA certification by 2024 and . Kyle Clark, Founder of Beta Technologies, has been quietly accumulating top talent from GE, Scaled Composites, Lord/Microstrain, Aurora Flight Sciences and other companies on the cutting-edge of aviation technology to develop and test the Ava XC prototype aircraft. BETA Technologies raised $368M in Venture capital (Series A) Investors: Fidelity Management . US electric aerial vehicle developer Beta Technologies has raised US$375 million from investors in its latest Series B funding round. Interim Chief Financial Officer (917) - Visit Profile. Beta Technologies Inc. is incorporated in the state of Delaware. Beta intends to use the funds to further develop its electric aerial system. Beta Technologies is funded by 4 investors. Edward Eppler. BETA Technologies Secures $375 Million in Series B Funding to Accelerate Development of its Electric Aviation Business | The Rise Fund Share Our Portfolio Measurement Founders Board Team News Impact Report Highlights TPG Rise Climate Rise Climate 20 April 2022 Title Source: sbir.gov. CleanTechnica. 24 Dec 2020. BETA is backed by Fidelity Management & Research Company, TPG's Rise Climate Fund, Amazon's Climate Pledge Fund, Redbird Capital, and others. Q2 2022: 14 Largest Global Startup Funding Rounds. Beta Technologies closes funding round with $375 million Alia 250 Beta Technologies Electric aircraft investment USA Vermont VTOL US electric aerial vehicle developer Beta Technologies has raised US$375 million from investors in its latest Series B funding round. Driving the news: On Wednesday, an aviation company from Vermont announced it had secured $375 million in a Series B funding round, bringing the total close to $800 million. Show . Our team is passionate about science and technology, and we are building collaborations and supporting projects that will deliver the game-changing technologies we need for a greener and healthier future. When was the last funding round for Beta Technologies? 18 May 2021. Beta was last . How much funding has Beta Technologies raised to date? Blain Newton. Name & Title Social Contact Info; William Holden. BETA Technologies raised a total of $743.4 M in funding over 3 rounds. On Wednesday, the. 31 Dec 2020. The Beta Technologies air taxi prototype looks more traditional than the futuristic eVTOL designs of late. Funding Rounds Number of Funding Rounds 3 Until an undisclosed amount of funding was received from United Therapeutics last year, Beta had been in "stealth mode" for . The Series B round was led by TPG's Rise Climate fund and Fidelity and boosts its valuation to $2.4bn (c.1.85bn). by Reza Chowdhury. The News: BETA Technologies has received additional funding from Amazon's Climate Pledge Fund, one year after the first investment. This development comes after the maker of ALIA electric aircraft has made significant headway in producing zero-emissions transport. [Courtesy: Beta Technologies] Vermont-based electric vertical takeoff and landing (eVTOL) aircraft . Source: sbir.gov. Beta Technologies raises funding. Beta Technologies has 4 investors including Fidelity Management and Research Company and TPG Rise Climate Fund. Vermont-based eVTOL startup Beta Technologies has secured US$375 million in its latest series B funding round, the company recently announced. Grant. Our team is passionate about science and technology, and we are building collaborations and supporting projects that will deliver the game-changing technologies we need for a greener and healthier future. $12 Million. In 2021, the Climate Pledge Fund made an initial investment in BETA Technologies as the company shares in Amazon's vision to create zero-emissions transportation. Beta Technologies. The company stated that the funding round was "meaningfully oversubscribed.". Fidelity Management and Research Company and TPG Rise Climate Fund are the most recent investors. TechCrunch. 2. The new round of funding sees . Published on May 20, 2021 Beta Technologies, a South Burlington, Vermont-based developer of integrated electric aviation ecosystem, raised $368m in funding. Beta Technologies Secures $368 Million In Funding, Reaches Electric Aviation Unicorn Status. Vertical plane maker BETA Technologies gets funding lift from Fidelity, Amazon. CEO Kyle Clark . Beta Technologies IPO. BETA Technologies secures $375 million in latest Series B Funding Round Jason Pritchard 21 April 2022 BETA Technologies' ALIA eVTOL aircraft in flight. Beta's eVTOL demonstrator, called Alia, is coming off recent success as the first electric aircraft piloted by the U.S. Air Force in its Agility Prime military research program. The Climate Pledge Fund will invest in companies creating products, services, and technologies to protect the planet. Chief Operation Officer @beta.team (802) - Visit Profile. 1150 Airport Drive South Burlington Vermont 05403. BETA Technologies Design Industry . Beta Technologies, a Burlington, Vermont-based electric aviation company, announced the close of a $375 million Series B funding round on Wednesday, bringing total venture funding for the maker of electric vertical takeoff and landing aircraft (eVTOL) to nearly $800 million.

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