BETA Technologies in South Burlington, Vermont has announced new investments in the company that will further its expansion in electric aviation.
The aerospace company has raised $318 million in equity capital In its latest round of fundraising. Overall, the company has raised more than $1 billion in equity capital.
The company says the new funding will support the continued production, certification, and commercialization of its all-electric aircraft and infrastructure for multimodal charging systems. BETA is the only producer of certified grid-tied charging systems for aircraft and is building a network of charging systems at airports across the country. BETA’s production facility in South Burlington can build up to 300 EV aircraft a year.
