.
MergerLinks Header Logo

New Deal


Announced

Completed

TPG and Fidelity led a $180m Series B round in Beta Technologies.

Financials

Edit Data
Transaction Value£137m
Consideration TypeCash
Capital Owned-
Capital Bid For7%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Friendly

Single Bidder

Private

Minority

Completed

Domestic

Acquisition

Aerospace

electric aircraft

United States

Private Equity

Venture Capital

Synopsis

Edit

TPG Capital and Fidelity Management and Research Company led a $180m Series B round in Beta Technologies, a Vermont-based eVTOL startup. "This support allows us to complete the construction of our production facilities and accelerate our certification work to create a greener and more efficient future for all applications of aviation, starting with cargo and logistics and moving to passenger missions immediately thereafter," Kyle Clark, Beta Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US