BETA Technologies and EXIM Bank Plan to Expand Financing to Up to US$1 Billion

BETA Technologies and the Export-Import Bank of the United States (EXIM) have announced plans to expand their existing financing relationship to provide up to US$1 billion in non-dilutive funding to accelerate U.S. aerospace manufacturing and electric propulsion production.

The proposed financing would add approximately US$830 million to the existing US$170 million EXIM facility that financed construction of BETA’s aircraft production facility in South Burlington, Vermont. Subject to final agreements and approvals, the funding will support expanded domestic manufacturing capacity, increased vertical integration and higher production of electric propulsion systems for commercial and defense customers.

BETA said the investment is expected to approximately double manufacturing throughput over the next several years while expanding production of aircraft, propulsion systems and critical aerospace components. The company also plans to bring additional strategic manufacturing processes in-house and create hundreds of skilled aerospace and advanced manufacturing jobs in the United States.

Chief Executive Officer Kyle Clark said the proposed EXIM financing would complement the approximately US$1.2 billion raised during BETA’s 2025 initial public offering and provide long-term capital to strengthen the company’s domestic manufacturing base and supply chain.

The financing announcement follows several recent milestones for BETA, including the launch of its MV250 hybrid-electric VTOL aircraft, a high-altitude hybrid-electric flight program with GE Aerospace, NASA and Boeing, the formation of the America’s Consortium for Electric Skyways with Archer Aviation and Macquarie Capital, completion of the FAA’s eVTOL Integration Pilot Program operational flights, and an agreement with Loganair for up to 10 ALIA CTOL electric aircraft.

Since securing its initial EXIM financing, BETA said its commercial aircraft backlog has grown from approximately US$1 billion to US$3.9 billion, while the company has expanded into propulsion sales and classified government programs. The proposed financing remains subject to due diligence, regulatory approvals and execution of definitive agreements.