• Wed. Dec 6th, 2023

Global Support Surges for BETA Technology with Enhanced International Funding


Nov 20, 2023

The electric aircraft company, BETA Tech, is set to receive a $169M loan from the U.S. Export-Import Bank thanks to international interests in the company’s growth potential and current and potential customers in economies like New Zealand, India, and Japan. This support from the EXIM Bank will allow BETA Tech to continue its trajectory of innovation and expansion, creating sustainable jobs in Vermont while expanding manufacturing production in America.

President Biden highlighted this investment as a valuable contribution from the Asia Pacific into the U.S. private sector, applauding BETA Technologies for its commitment to innovative aviation technology. Vermont Senator Peter Welch also praised the move, stating that with this support from the EXIM Bank, BETA Tech will continue to lead the world in aviation technology while creating more sustainable jobs in Vermont and expanding manufacturing production in America.

The loan from the U.S. Export-Import Bank is expected to have a significant impact on both BETA Tech and the aviation industry as a whole, allowing for continued growth and innovation in this field. With this investment, BETA Tech can further its goals of serving a global customer base while making a positive impact on both American society and the wider world through sustainable job creation and technological advancements.

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