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Announced

Completed

Fidelity and Amazon's Climate Pledge Fund led a $368m Series A funding round in BETA Technologies.

Financials

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Transaction Value£261m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Aerospace

Private

Minority

Friendly

electric aircraft

United States

Single Bidder

Acquisition

Domestic

Completed

Synopsis

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Fidelity Management & Research and Amazon's Climate Pledge Fund led a $368m Series A funding round in BETA Technologies, a Vermont-based aerospace and electric aircraft manufacturer. "These funds allow us to continue hiring the best talent, meet aggressive certification milestones, ramp up production of ALIA, and accelerate the rollout of an extensive high-speed universal charging infrastructure," Kyle Clark, BETA Founder and CEO.

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