BETA Technologies, Inc.

BETA Technologies is an electric aircraft original equipment manufacturer focused on designing, manufacturing, and selling electric aircraft, propulsion systems, and related charging infrastructure and components.

Core business and technologies

• Vertically integrated manufacturing across batteries, electric motors, ground service equipment (GSE), and flight control systems.
• Product and service lines:
  • Aircraft: CTOL, VTOL, and defense variants
  • Propulsion components and batteries
  • GSE and charging solutions
  • Digital platform (BETA Operate) for real-time data, maintenance, and network planning
• Revenue streams:
  1. Aircraft sales to civil and defense customers
  2. Replacement battery sales
  3. Propulsion systems sold to other eVTOL manufacturers
  4. GSE and charging infrastructure sales and services

Aircraft programs and backlog

• Civil backlog: 891 aircraft valued at $3.47 billion (289 Firm Orders and 602 Options).
• CTOL program: ALIA CTOL CX300 (piloted, electric)
  • Backlog: 331 aircraft (131 Firm Orders, 200 Options)
  • Range: up to ~215 nautical miles
  • Certification pathway aligned with FAA Part 23
• VTOL program: ALIA VTOL A250 (piloted, electric)
  • Backlog: 560 aircraft (158 Firm Orders, 402 Options)
• Defense program: MV250 (autonomous, hybrid)
  • Military variant with autonomous capabilities
  • Partnership with GE Aerospace to co-develop a hybrid electric turbogenerator
• Civil customers include UPS, United Therapeutics, Air New Zealand, Bristow, and Metro Air Services
• Republic Airways has an agreement related to using BETA aircraft for its missions

Facilities, scale, and manufacturing capacity

• Final Assembly Facility (South Burlington, VT): ~188,000 sq ft, designed to produce more than 300 aircraft per year at maturity; expansion potential to ~355,000 sq ft.
• Other facilities (VT, NY, NC, DC, Canada):
  • Research & Development: ~65,000 sq ft (lease through 2054)
  • Maintenance and Training: ~25,000 sq ft (lease through 2052)
  • Flight Test: ~87,000 sq ft (Plattsburgh, NY; lease through 2030)
  • Composite and Part Manufacturing: ~61,000 sq ft (Williston, VT; lease through 2029)
  • Battery Test: ~40,000 sq ft (St. Albans, VT; lease through 2032)

Charging network and GSE

• 56 airport charging stations installed; capable of recharging ALIA CTOL/VTOL in 20–40 minutes
• Charging products: Charge Cubes (UL certified for central charging), Mini Cubes (mobile), and Thermal Management System (TMS) Cubes
• Charging infrastructure deployed across 56 airports/logistics hubs using the CCS-1 standard

Partnerships and international reach

• GE Aerospace invested $300 million in BETA and is co-developing a hybrid electric turbogenerator for defense and civil applications
• International regulatory engagement and validation efforts with Canada, New Zealand, and EASA discussions for later validation
• Global expansion planned through partnerships and potential joint ventures

People, governance, and intellectual property

• Employees: 1,008 as of December 31, 2025 (up from 902 as of June 30, 2025)
• Public listing: IPO completed in November 2025; ticker BETA on NYSE
• Founder Kyle Clark controls significant voting power via Class B stock as of December 31, 2025
• IP portfolio: over 460 issued patents and over 204 pending patent applications; 9 U.S. trademark registrations and various foreign registrations

Financial highlights (2024–2025)

• Revenue:
  • 2024: $15.1 million
  • 2025: $35.6 million
• Net income (loss):
  • 2024: net loss of $276 million
  • 2025: net loss of $746 million
• Backlog value and scope (civil aircraft): $3.47 billion (289 Firm Orders; 602 Options)
• 2025 revenue concentration:
  • U.S. government: ~27% of total revenues
  • United Therapeutics: ~16% of total revenues
• The company expects to raise additional capital to scale manufacturing, facilities, and infrastructure as production ramps

Market approach and go-to-market strategy

• Target end markets: cargo and logistics, medical/logistics, defense, and passenger applications
• Certification and production approach: staged path toward FAA Type Certification and Production Certification, intending to certify cargo/logistics first and add medical and passenger use cases over time
• International expansion through regulatory engagement and partnerships

Summary

BETA Technologies is a vertically integrated developer and manufacturer of electric aircraft and related enabling technologies (batteries, motors, fly-by-wire, and charging/GSE). As of December 31, 2025, the company had a civil backlog of 891 aircraft valued at $3.47 billion, a network of 56 charging sites, approximately 1,008 employees, and generated $35.6 million in revenue in 2025 (versus $15.1 million in 2024) with a net loss of $746 million in 2025 (versus $276 million in 2024). Key customers include UPS, United Therapeutics, Air New Zealand, Bristow, and Metro Air Services; the company maintains a strategic equity and technical partnership with GE Aerospace.