QIA spearheaded the fundraising, and several of BETA's most significant investors, including Fidelity Management & Research Company and TPG Rise Climate, increased their stake in BETA. United Therapeutics, a long-standing customer, also joined this round as an investor. The financing round was priced at a higher valuation compared to previous equity capital raises and was significantly oversubscribed. To date, BETA has secured more than $1 billion in equity funding. BETA Technologies is a company that specializes in electric aviation. It is based in Burlington, Vermont, and was founded in 2017. The company aims to revolutionize the way we transport goods and people by making aviation more environmentally friendly, safer, and more cost-effective. To achieve this goal, BETA is developing all-electric aircraft, creating a versatile and interoperable charging infrastructure, and offering training programs for future pilots and maintenance personnel. The BETA team has designed and is working towards certifying two electric aircraft: an electric fixed-wing aircraft and an electric vertical takeoff and landing (eVTOL) aircraft. The company has also deployed more than 20 chargers across the East and Gulf coasts, with plans to add over 50 more.