INDUSTRY WATCH
BETA is funding the majority of this infrastructure buildout through a combination of customer orders and government grants . To date , BETA has completed installation of its infrastructure across the eastern and southern US – planning to connect the network across the US . and expand globally in coming years . In late 2023 , BETA opened up a nearly 200,000 square foot manufacturing facility , where the team is currently producing aircraft for delivery to customers and charging cubes for deployment to the network .
As they come off the line , these aircraft will begin to fulfill BETA ’ s deposit-backed contracts with global operators including Air New Zealand , UPS , United Therapeutics , Blade Urban Air Mobility , Bristow , Helijet , LCI , the US Air Force and the US Army .
The Series C capital raise will be used to propel the certification of BETA ’ s ALIA CTOL , ALIA VTOL and electric motors . It will also directly support the continued ramp-up of production and delivery of BETA ’ s aircraft and chargers to customers as they begin to operationalize electric aviation .
BETA has been flying its aircraft and charging on its own infrastructure for more than four years , operating in the busiest US airspace , crossing international borders and completing deployments with the US Department of Defense .
The company has demonstrated reliability , proven cost reductions compared to fuel-based aircraft and achieved industry-first milestones such as the first crewed transition of a production-intent eVTOL .
BETA ’ s approach to commercialization includes owning and controlling the key enabling technologies for electric aviation – such as the electric motor , inverter , battery packs , high voltage distribution and safety critical flight controllers – and partnering with best-in-class and legacy aerospace suppliers on other components where it has proven strategic to do so . This approach has optimized production timelines , clarified certification pathways and diversified revenue streams within BETA ’ s business .
BETA ’ s production facility has capacity to produce up to 300 aircraft per year and the company has already begun production of aircraft to be delivered to customers in the coming months . The business will continue to increase production rates over the following 18 – 24 months .
As it boosts production and certification efforts , BETA will continue working closely with its customers to ensure the delivery of a robust pilot and maintenance training program and aftermarket support systems beginning day one .
Together , BETA and its partners say they will ensure electric aviation improves operators ’ business economics , provides a path to sustainable aviation and benefits all types of communities . p
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