Tech Company Financing Transactions
BETA Technologies Funding Round
On 5/19/2021, BETA Technologies raised $368 million in investment from Fidelity Management & Research Company, Amazon and private investors.
Transaction Overview
Company Name
Announced On
5/19/2021
Transaction Type
Venture Equity
Amount
$368,000,000
Round
Undisclosed
Investors
Fidelity Management & Research Company (Lead Investor)
Proceeds Purpose
These funds will support continued development of an integrated system for Electric Vertical Aviation (EVA), which will reshape how people and cargo move while reducing the environmental impact of aviation.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
1150 Airport Dr.
Burlington, VT 05403
USA
Burlington, VT 05403
USA
Phone
Website
Email Address
Overview
Beta Air LLC, D/B/A 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. Our creative and analytical engineering team practice fundamental and innovative engineering.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Kyle Clark
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Where The Data Comes From
We do our best to document every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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