Electric aircraft startup BETA TECHNOLOGIES has raised $318 million in their Series C
The round was led by QIA, with support from Fidelity, TPG Rise Climate, and United Therapeutics, bringing total lifetime funding to over $1 billion.
This capital will go towards production and commercialization of BETA’s electric aircraft, electric propulsion technology, and multimodal charging systems.
BETA’s technology allows for increased payload and range. They are focusing on both traditional fixed wing planes and electric vertical take off and landing (eVTOL) aircraft.
The startup is targeting military and commercial customers by developing both cargo and passenger configurations of both aircraft.
Image courtesy of BETA TECHNOLOGIES.
