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Beta Technologies

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Beta Technologies Debuts on NYSE with $1 Billion IPO

Originally Published 2 months ago — by Seven Days Vermont

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Source: Seven Days Vermont

Beta Technologies, a Vermont-based electric aircraft startup, went public on the NYSE, raising over $1 billion with a higher-than-expected share price, valuing the company at over $7.5 billion. The company, founded in 2017, is developing small electric aircraft and aims to certify its first prototype by 2026 or 2027, marking a significant milestone for Vermont's tech industry.

Beta's Electric Aircraft Makes Historic Passenger Flight into NYC

Originally Published 7 months ago — by Bloomberg

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Source: Bloomberg

Beta Technologies conducted a demonstration flight of its electric aircraft from the Hamptons to JFK, marking the first of its kind to land at a NYC airport. The flight showcases the potential for quieter, more sustainable air travel, with commercial certification expected in 2027. The company aims to replace noisy helicopters with electric planes for logistics, passenger transport, and military use, addressing rising noise complaints and environmental concerns in NYC.

The Rise of Electric Planes: From Fantasy to Reality

Originally Published 2 years ago — by The New York Times

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Source: The New York Times

Electric planes, once considered a fantasy, are starting to become a reality as technological advancements in batteries and significant investments make short-distance electric air travel feasible. Companies like Beta Technologies are leading the way, with their CX300 plane making a 16-day trip from Vermont to Florida, showcasing the potential of battery-powered aviation. These electric aircraft offer the promise of zero emissions, simpler operation and maintenance, and the ability to connect rural areas with limited air service. While electric planes are not expected to be widely adopted for several years, they are likely to initially compete with helicopters and cars for short-distance travel. The industry is working towards gaining trust and certification from regulatory bodies, with plans to expand infrastructure and create a network of chargers.

"BETA Technologies Launches Vermont Facility for Electric Aircraft Production"

Originally Published 2 years ago — by Electrek.co

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Source: Electrek.co

BETA Technologies has opened its new assembly facility in Vermont, where it is already producing electric aircraft. The 188,500-square-foot facility, located at the Patrick Leahy Burlington International Airport, will eventually have the capacity to produce up to 300 aircraft per year. BETA's lineup includes the ALIA VTOL (formerly ALIA-250) and the ALIA CTOL (formerly CX300), both of which are undergoing certification for commercial flights. The facility's opening marks an important milestone for BETA as it moves into the production phase of its electric aerospace business.