Electric Aviation Startup Beta Technologies Raises $375 Million

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Electric vehicles are all the rage. Of course, vehicles is a broad term, and aside from Elon Musk's latest and Ford's electrified F1 series, there's growing investor interest in the wider world of promising electric means of transport.

Case in point: Beta Technologies, which announced a $375 million B round fundraise on Wednesday. The company specializes in electric vertical-takeoff-and-landing aircraft, or eVTOL. We do expect a better acronym to come along sooner rather than later.

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Source Fool.com