The financing round was meaningfully oversubscribed and led by Fidelity Management & Research Company. These funds will support continued development of an integrated system for Electric Vertical Aviation (EVA), which will reshape how people and cargo move while reducing the environmental impact of aviation.

The Series A funding round was led by Fidelity Management & Research Company, and joined by Amazon's Climate Pledge Fund as well as new and returning investors. Proceeds will be used by BETA to continue refinement of its electric propulsion systems and controls, as well as the construction of manufacturing facilities, while the Company advances toward Federal Aviation Administration (FAA) certification of ALIA.

BETA Technologies is creating an electric transportation ecosystem that's safe, reliable and sustainable. A relentlessly focused team is building an extensive charging infrastructure and ALIA, the world's most technologically advanced electric vertical aircraft (EVA).

BETA's platform and products are strikingly simple. Prioritization of safety and a pragmatic approach to certification drive elegant redundancy, appropriate diversity of implementation and simplicity of control. ALIA's fixed-pitch propellers and centrally located batteries make it an inherently stable aircraft that is safe to fly and easy to maneuver, putting it on a direct path to Part 23 FAA certification.