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first electric aircraftTechCrunch
•Technology
Technology
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Beta Technologies founder and CEO Kyle Clark piloted the Alia CX300 electric aircraft in November .
The startup hopes to be the first eCTOL certified for commercial flight this year or by 2026 .
The company has 46 charging sites across 22 states and New Zealand , with 23 more in development and plans to get up to 150 operational in 2025 .
Beta has raised $1.15 billion from institutional investors, but Clark says the startup’s “fundamental efficiency” has maximized impact.
In February , Beta hit a critical milestone when its pilots flew the CX300 on its first airport-to-airport mission between four regional airports in New York .
Clark is also a pilot and a flight instructor who has built and flown “ at least 20 airplanes”.
Each aircraft build is cash-neutral since Beta only accepts financially backed orders that pay for the parts and labor.
Clark says he expects net profitability to be “greater than 12 months away” Investor funds have largely gone towards building out manufacturing facilities and certifying aircraft.
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