{"id":641,"date":"2024-11-04T12:46:58","date_gmt":"2024-11-04T12:46:58","guid":{"rendered":"https:\/\/vtolbuzz.com\/?p=641"},"modified":"2025-03-24T14:39:28","modified_gmt":"2025-03-24T14:39:28","slug":"beta-technologies-inc-raised-318-million-in-series-c-equity-capital","status":"publish","type":"post","link":"https:\/\/vtolbuzz.com\/index.php\/2024\/11\/04\/beta-technologies-inc-raised-318-million-in-series-c-equity-capital\/","title":{"rendered":"BETA Technologies, Inc. raised $318 million\u00a0in Series C equity capital, $1 billion total raised so far"},"content":{"rendered":"\n

With $318 million raised during the Series C round it brings the total equity capital raised by BETA Technologies<\/strong> to 1 billion dollars<\/strong>. During this round of fundraising, Qatar Investment Authority (QAI)<\/strong> led the investment, while Fidelity Management & Research Company<\/strong> and TPG Rise Climate Fund<\/strong> were able to increase their share of BETA Technologies<\/strong> ownership. United Therapeutics<\/strong>, which has ordered BETA’s aircraft for transporting medical equipment and organs for transplants, entered this round as an investor. The valuation of BETA has increased compared to previous rounds of financing, due to the many positive developments within the company. Overall the Series C funding was oversubscribed, due to the eagerness to invest in the enormous opportunities that await BETA Technologies<\/strong> in the growing VTOL market. <\/p>\n\n\n\n

\u00a0Kyle Clark, the Founder and CEO<\/strong> of BETA<\/strong> stated:<\/p>\n\n\n\n

\n

“This investment validates progress and milestones toward commercializing electric aviation,” <\/p>\n<\/blockquote>\n\n\n\n

Mr Clark further reiterated:<\/p>\n\n\n\n

\n

\u201cFor 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.”<\/p>\n<\/blockquote>\n\n\n\n

Mohammed Al-Sowaidi, Chief Investment Officer for Americas at QIA<\/strong> explained why Qatar was interested in being an investor for BETA Technologies:<\/p>\n\n\n\n

\n

\u201cAt 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.”<\/p>\n<\/blockquote>\n\n\n\n

\"\"<\/figure>
\n

ALIA A250 VTOL<\/strong><\/p>\n\n\n\n

Vertical takeoff & landing
all-electric aircraft<\/p>\n<\/div><\/div>\n\n\n\n

\"\"<\/figure>
\n

ALIA CX300 CTOL<\/strong><\/p>\n\n\n\n

Conventional takeoff & landing
all-electric aircraft<\/p>\n<\/div><\/div>\n\n\n\n

The funds will be used to further the manufacturing, certification, and commercialization of BETA’s all-electric ALIA A250 VTOL<\/strong> and the ALIA CX300 CTOL<\/strong> aircraft. The exclusive placement agent for BETA during this round of investment was Goldman Sachs & Co. LLC<\/strong> while the legal council was Kirkland & Ellis, LLP<\/strong>.<\/p>\n\n\n\n

More Info:<\/h3>\n\n\n\n

BETA Technologies official website: click here<\/a><\/p>\n\n\n\n

Qatar Investment Authority: click here<\/a><\/p>\n\n\n\n

Kirkland & Ellis press release: click here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

With $318 million raised during the Series C round it brings the total equity capital raised by BETA Technologies to 1 billion dollars. During this round of fundraising, Qatar Investment Authority (QAI) led the investment, while Fidelity Management & Research Company and TPG Rise Climate Fund were able to increase their share of BETA Technologies […]<\/p>\n","protected":false},"author":2,"featured_media":647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,59,14,49],"tags":[85,86,36,37,87,88,66,5],"class_list":["post-641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-evtol","category-aam","category-collaborations","category-vtol","tag-beta","tag-beta-technologies","tag-electric","tag-evtol","tag-investment","tag-series-c","tag-technology","tag-vtol"],"_links":{"self":[{"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/posts\/641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/comments?post=641"}],"version-history":[{"count":17,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/posts\/641\/revisions"}],"predecessor-version":[{"id":667,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/posts\/641\/revisions\/667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/media\/647"}],"wp:attachment":[{"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/media?parent=641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/categories?post=641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vtolbuzz.com\/index.php\/wp-json\/wp\/v2\/tags?post=641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}