The development trajectory of electric aircraft received a big boost on Tuesday when BETA Technologies announced it had raised $368 million in a private round of fundraising led by Fidelity Management & Research Company.
Additional investors included Amazon’s Climate Pledge Fund and unnamed new and returning investors. The South Burlington, Vermont, company develops and manufactures electric vertical takeoff and landing (eVTOL) aircraft and the associated recharging system.
“We’re gratified for...