BETA Technologies designs and manufactures electric vertical take-off and landing (eVTOL) aircraft and electric propulsion systems and components. The company supplies propulsion systems to customers in the U.S. and international markets and has expanded into flight controls and classified defense contracts. BETA says its commercial aircraft backlog has grown from roughly $1 billion to $3.9 billion since its initial EXIM financing. Recent milestones include unveiling the hybrid-electric MV250 for defense logistics, partnerships with GE Aerospace, NASA and Boeing, operational flights under the FAA’s eVTOL Integration Pilot Program, and a commercial order from Loganair. The company plans to expand domestic manufacturing and vertical integration, aiming to roughly double throughput across its facilities and create additional advanced manufacturing and engineering jobs. To support those plans, BETA is pursuing a proposed EXIM financing package of up to $1 billion to scale production of aircraft and electric propulsion systems.

Total raised

$1.2B

Funding rounds

4

Latest round

Equity

Latest activity

Sep 2025