Beta Technologies looks to EXIM Bank for $150M in financing

Log-in here if you’re already a subscriber

Beta Technologies stands to receive nine-figure financing from the Export-Import Bank of the United States, a transaction that would be a significant vote of confidence both in the company itself and in future prospects for electric aircraft on the international market.

A recently published notice in the Federal Register indicates that the Vermont-based electric aircraft developer has applied for a long-term loan or financial guarantee in excess of $100 million. The Air Current understands the actual amount to be around $150 million.

The money would be used to finance Beta’s manufacturing facility under EXIM’s Make More in America initiative, which is focused on helping small and medium-sized enterprises compete for global sales, especially in sectors critical to America’s national security.

Continue Reading

Zeen is a next generation WordPress theme. It’s powerful, beautifully designed and comes with everything you need to engage your visitors and increase conversions.