Electric aircraft developer Beta Technologies receives over $300 million
Summary
While the Qatar Investment Authority (QIA) led the funding round, several of Betas largest shareholders have also increased their stake in the company. In addition, long-time customer United Therapeutics has also joined the Series C financing round as an investor, Beta states. For years, weve flown across the country and deployed with partners to prove the safety and reliability of our aircraft and chargers. Beta is a leader in the electric aviation market and our participation in this funding round is fully aligned with QIAs efforts to invest in the companies that are making the energy transition a reality.Beta is currently pursuing FAA certification for two variants of its all-electric aircraft. The company plans to further increase production rates over the next 18 to 24 months.Vertical take-off and landing electric aircraft (eVTOL) are considered a hot market for the future, with the technology also being used for flying taxis.