• Home
  • News

    Airlines

    • Bellyhold Airline
    • Freighter Operator

    Airports

    Air Cargo Statistics

    Business

    • Acquisitions
    • Finance
    • TIACA
    • IATA
    • Legal

    Freight Forwarders

    Services

    • Ground Handlers
    • Charter Operator
    • ULD
    • Freighter Conversion/MRO
    • GSSA

    Technology

    • Airfreight Digitisation
    • Drones

    People

    Sectors

    • Animal Transportation
    • Aerospace Supply Chains
    • E-Commerce Logistics
    • Perishable Logistics
    • Pharma Logistics

    Sustainability

    Supply Chain

    Policy

    • Air Cargo Security

    Region

    • Africa
    • Asia
    • Australasia
    • Europe
    • Middle East
    • North America
    • South America

    Cool Chain

    Archive News

    News By Date

  • Magazine
  • Advertise
  • Reels
  • Subscribe
  • Newsletter
  • More
    • Jobs
      • Jobs
      • Post a Job
    • Events
No Result
View All Result
Cargo Newswire
  • Home
  • News

    Airlines

    • Bellyhold Airline
    • Freighter Operator

    Airports

    Air Cargo Statistics

    Business

    • Acquisitions
    • Finance
    • TIACA
    • IATA
    • Legal

    Freight Forwarders

    Services

    • Ground Handlers
    • Charter Operator
    • ULD
    • Freighter Conversion/MRO
    • GSSA

    Technology

    • Airfreight Digitisation
    • Drones

    People

    Sectors

    • Animal Transportation
    • Aerospace Supply Chains
    • E-Commerce Logistics
    • Perishable Logistics
    • Pharma Logistics

    Sustainability

    Supply Chain

    Policy

    • Air Cargo Security

    Region

    • Africa
    • Asia
    • Australasia
    • Europe
    • Middle East
    • North America
    • South America

    Cool Chain

    Archive News

    News By Date

  • Magazine
  • Advertise
  • Reels
  • Subscribe
  • Newsletter
  • More
    • Jobs
      • Jobs
      • Post a Job
    • Events
No Result
View All Result
Cargo Newswire

Beta raises $368m for the development of its Alia aircraft

May 20, 2021
in Technology
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter

BETA Technologies, the developer of a fully integrated electric aviation ecosystem, raised $368 million in a private round of funding that was meaningfully oversubscribed and led by Fidelity Management & Research Company.

These funds will support the 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.

At the heart of this system is ALIA, BETA’s electric vertical aircraft, which can carry 1,500 pounds of cargo or up to six people. 

Related Post

SEKO Logistics Taps Freightos Integration to Scale Global Air and Ground Quoting and Booking

cargo.one launches digital air freight bookings directly from Descartes’ transportation management system

China Airlines takes flight with cargo.one as its digital sales partner

Kuehne+Nagel enters partnership with cargo.one to digitally connect with dozens of airlines globally

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.

“We’re gratified for the confidence this diverse group of investors has placed in our team as we continue on our mission to transform how people and goods move about the world,” said Kyle Clark, BETA’s Founder and CEO.

“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.”

“We support BETA Technologies’ mission to reshape air transportation through zero-emission aviation and are proud to invest in them through Amazon’s $2 billion Climate Pledge Fund,” said Kara Hurst, Vice President, and Head of Worldwide Sustainability at Amazon.

“The development of sustainable and decarbonizing technologies will help facilitate the transition to a low-carbon economy and protect the planet for future generations.”

Today’s funding news follows recent announcements regarding several new partnerships.  “Each of our current and future customers, whether they are moving people, medicine, or goods, need the same vital things from a certified commercial aircraft: safety, reliability, and sustainability,” said Clark of BETA. “We are pleased that the aircraft we’re building can service these needs across so many applications.”

Tags: Business & General AviationGeneral AviationNorth America
ShareTweetPin
Devender Grover

Devender Grover

Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.

Chapman Freeborn appoints Saska Gerasimova as new Group CEO

October 24, 2025

Air France KLM Martinair Cargo surpasses 90% digital bookings, completes global CRM rollout, and expands PLUS service success

transport logistic Americas & air cargo Americas

cargo.one unveils enhanced AI quoting and operational control tools to help freight forwarders handle peak season volume

dnata and Silk Way Group launch landmark joint venture to create aviation services hub in Azerbaijan

Lödige Industries presents next-level automation solutions at air cargo Southeast Asia

Tags

Airbus Air Canada Air Cargo Aircargo Air Cargo News Air Freight Airfreight Airlines Air Logistics Atlas Air Aviation Aviation Industry Aviation News Boeing cargo industry news Cargo International News cargo operations Chapman Freeborn Covid 19 DHL dnata E-commerce Emirates SkyCargo Etihad Cargo Europe Freighter Freight Forwarding Global Logistics global trade Ground Handling Hactl IAG Cargo IATA Logistics Logistics News Lufthansa Cargo Qatar Airways Qatar Airways Cargo Supply chain Sustainability Swissport Technology TIACA Turkish Cargo WFS
  • Home
  • About us
  • Magazine
  • Subscribe
  • Reels
  • Events
  • Advertise
  • Careers
  • Contact us
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Copyright © 2025 Profiles Media Network Pvt Ltd. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Airlines
    • Airports
    • Associations
    • Business
    • Freight Forwarders
    • People
    • Cargo Handling
    • Sectors
    • Services
    • Technology
    • News By Date
  • Reels
  • Magazine
  • Archive News
  • Subscribe
  • Newsletter
  • Advertise
  • Jobs
  • Events

Copyright © [2024] Profiles Media Network Pvt Ltd All Rights Reserved. Build with ❤️ by Onairdigital

Our website uses cookies. We use cookies and similar technologies to personalise content, to provide you with relevant marketing, to enhance your user experience and to gain insight and track how you interact with us and our partners. Learn more in our Privacy Policy and Cookie Policy.