Beta Technologies has raised $368 million to support the development of its Alia 250 eVTOL aircraft in an oversubscribed private round of funding led by Fidelity Management & Research Company. The Vermont-based company announced today that Amazon’s Climate Pledge Fund also has backed the latest round, as well as new and returning investors who participated in the earlier Series A funding initiative.
The Alia 250 is expected to enter service in 2024, with initial customers including express delivery group UPS and operators serving the Blade Urban Air Mobility service. On a single charge, the aircraft will carry a pilot and up to five passengers, or 1,500 pounds of cargo. Another early customer for the aircraft is the United Therapeutics group, which will use the Alia to transport human organs for transplant. “In the world of medical transplant it’s important that we create the most reliable and sustainable system for mobility in all weather conditions,” commented CEO Martine Rothblatt.
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