BETA Technologies Secures Funding to Accelerate Electric Aircraft Development

BETA Technologies has raised $318 million in funding to expand production and certification of its electric aircraft and propulsion systems, including the ALIA CTOL and VTOL models By William Mackenzie / 06 Nov 2024
BETA Technologies Secures Funding to Accelerate Electric Aircraft Development
Follow AAMi

BETA Technologies, Inc. has raised $318 million in Series C equity capital to propel the production, certification, and commercialization of its electric aerospace solutions. 

The funding will support the continued ramp-up in production and delivery of BETA’s ALIA CTOL, ALIA VTOL, electric propulsion systems, and multimodal charging technology.

QIA led the raise and several of BETA’s largest investors, including Fidelity Management & Research Company and TPG Rise Climate, increased their ownership in BETA. 

Longtime customer United Therapeutics also joined this round as an investor. To date, BETA has raised more than $1 billion in equity capital.

BETA’s all-electric aircraft, which are optimized for payload and range, sit at the center of its vision to make air transportation more reliable, greener, and cheaper. BETA is certifying two variants of its all-electric aircraft with the FAA:

  • ALIA CTOL – Uses a runway to take off and land conventionally.
  • ALIA VTOL –  Runway independent as it takes off and lands vertically.

These aircraft share structural similarities, and both leverage BETA’s high performance electric propulsion technologies and fly-by-wire flight control systems. BETA plans to certify cargo and passenger configurations of both aircraft, serving both commercial and military users. 

Kyle Clark, BETA’s Founder and CEO, commented, “This investment validates progress and milestones toward commercializing electric aviation. For years, we’ve flown across the country and deployed with partners to prove the safety and reliability of our aircraft and chargers. Now, we’re beginning to produce products for our customers. This continued belief and trust in this team and our vision will be good for the investors and good for the world. We are grateful for their shared vision.”

Mohammed Al-Sowaidi, Chief Investment Officer for Americas at QIA, added, “At QIA, we seek out companies that are well-positioned to become category leaders by addressing critical challenges with innovative solutions. BETA is a leader in the electric aviation market and our participation in this funding round is fully aligned with QIA’s efforts to invest in the companies that are making the energy transition a reality.”

BETA has begun aircraft production, and is set to commence deliveries to customers in the coming months. The business will continue to increase production rates over the following 18-24 months.

As it boosts production and certification efforts, BETA will continue working closely with its customers to ensure the delivery of a robust pilot and maintenance training program, and aftermarket support systems beginning day one.

Posted by William Mackenzie Edited by William Mackenzie, Junior Editor and Copywriter practised in digital content creation and writing about defense and marine technology. Connect & Contact

Latest Articles

Skyfly Completes First Airfield-to-Airfield eVTOL Flight in Europe

Skyfly Technologies has completed what is reportedly Europe’s first airfield-to-airfield eVTOL flight using its Axe prototype, flying from Turweston to Bicester and back in a round trip

Jul 04, 2025
Eve Air Mobility Partnership to Advance eVTOL Deployment in Costa Rica

Eve Air Mobility and Aerosolutions are partnering to bring eVTOL aircraft and infrastructure to Costa Rica, advancing sustainable air travel and regional connectivity

Jul 03, 2025
Joby Advances Air Taxi Launch with Piloted Flights in Dubai

Joby Aviation has begun commercial readiness efforts in Dubai, completing piloted eVTOL flights and advancing plans to launch air taxi services by 2026

Jul 02, 2025
Wisk Collaborates on Air Taxi Infrastructure & Research in Florida

Wisk Aero has partnered with the Miami-Dade Aviation Department and the University of Miami to advance autonomous air taxi operations and supporting infrastructure in the region

Jul 01, 2025
SkyDrive Partners to Design & Manufacture Pilot Control Stick System

SkyDrive collaborates with Stirling Dynamics to develop pilot control stick for SKYDRIVE SD-05 production eVTOL aircraft

Jun 30, 2025
Foil-Mode Testing Conducted on Seaglider Prototype

REGENT Craft's 12-passenger Seaglider underwent foil-mode testing, elevating the vessel from the water before it flies

Jun 27, 2025