The race for electric aircraft supremacy is moving full-speed ahead, and a dark horse could emerge as one of the frontrunners. Electric aircraft manufacturer Beta Technologies was listed yesterday on the New York Stock Exchange, joining Joby, Archer, Vertical Aerospace, EHang, Eve and Surf Air Mobility as publicly traded eVTOL makers. The company raised nearly $1 billion in its initial public offering through the sale of 29.85 million shares and a market valuation of about $7.44 billion. It plans to use the proceeds to speed up the manufacturing and certification of its two electric aircraft. Beta is making two aircraft in its Alia series. The first, the CX300, is a conventional, fixed-wing takeoff and landing (CTOL), and the second, the Alia 250, an electric vertical takeoff and landing vehicle (eVTOL). The company was founded in 2017 by engineer, pilot, and former NHL hockey star Kyle Clark. It is headquartered in Burlington, Vermont, where it has a manufacturing facility. The..
