BETA Technologies, which makes electric aircraft and propulsion systems, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
BETA Technologies designs, manufactures, and sells high-performance electric aircraft, advanced electric propulsion systems, charging systems, and components. The company believes its ALIA CTOL electric aircraft is at the forefront of the electric aviation industry, having successfully flown nearly 83,000 nautical miles, including operations in North America and Europe. BETA's market-entry strategy for its aircraft is initially focused on selling to operators that specialize in cargo and logistics, military, and medical operations, before expanding into delivery of aircraft to customers for passenger operations. It is also developing a digital platform, "BETA Operate," which will offer four modules: Maintenance, Control Center, Network, and Data.
The South Burlington, VT-based company was founded in 2018 and booked $23 million in revenue for the 12 months ended June 30, 2025. It plans to list on the NYSE under the symbol BETA. BETA Technologies filed confidentially on July 14, 2025. Morgan Stanley, Goldman Sachs, BofA Securities, Jefferies, TPG Capital BD, and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.
