Aviation tech company, BETA Technologies has closed a whopping $368 million in a recent series A funding round. Meaningfully oversubscribed and led by Fidelity Management & Research Company, the new capital will continue product development, hire new talent, and meet company milestones. The start-up’s integrated system for Electrical Vertical Aviation (EVA) will also see continued development.
The EVA system will revolutionize the aviation industry, reshaping the way people and cargo move. It will also reduce the often burdensome environmental impact of air travel. ALIA is at its heart; The remarkable electrical vertical aircraft can carry up to 1,500 pounds of cargo, or up to 6 people.
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Currently, BETA’s team of aerosp…