Advanced Air Mobility Modern Flying News

Electric Aircraft Manufacturer Beta Lands $300M Qatar-Led Investment

Funding will support the development of Beta’s two electric aircraft variants, as well as a network of charging stations that will support them.

Friday, November 01, 2024 at 01:28 PM ET

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Beta’s vertical takeoff and landing (VTOL) Alia is an all-electric model that lifts off vertically like a helicopter but relies on fixed wings for cruise. [Courtesy: Beta Technologies]

Key Takeaways:

Beta Technologies secured over $300 million in Series C funding, led by Qatar's sovereign wealth fund, bringing its total capital raised to over $1 billion.
The new investment will accelerate the commercialization and certification of its Alia VTOL and CTOL electric aircraft, alongside expanding its electric charging station network.
Beta is making significant progress towards certification, including successful crewed VTOL transition flights, "real-world" Air Force exercises, and FAA approval for pilot training.

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Beta Technologies is the latest electric aircraft manufacturer to raise more than $1 billion in funding from investors.

The Vermont-based firm on Thursday said it collected more than $300 million in fresh capital to support the commercialization of its vertical takeoff and landing (VTOL) and conventional takeoff and landing (CTOL) Alia aircraft, as well the electric charging stations they will use to juice up.

Jack Daleo

Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.