Electric aircraft startup Beta Technologies seeks to raise $825M in IPO

Beta Technologies unveiled Monday the next electric aircraft in its lineup — a passenger-carrying version of its ALIA vertical takeoff and landing and fixed-wing vehicles. Electric vertical takeoff and landing (eVTOL) vehicles don’t rely on a runway, whereas fixed-wing aircraft do. The Vermont-based startup, which has raised over $860 million in equity to date from heavy hitters like Amazon’s The Climate Pledge, is pursuing electric aviation a little differently, and more discreetly, than other

Sep 30, 2024

Last year’s investor dreams of a strong 2024 IPO pipeline have faded, if not fully disappeared, as we settle in to the second half of the year. This year delivered four venture-backed tech IPOs — Reddit, Astera Labs, Ibotta and Rubrik — in March and April, which made it seem like this year could spur the momentum investors had hoped for in 2023. But secondary investors and IPO lawyers recently told TechCrunch that despite these four successes, macro conditions like the upcoming presidential ele

Aug 7, 2024

Indian electric scooter manufacturer Ather Energy plans to raise about $370 million in its initial public offering, according to its draft prospectus filed on Monday (PDF), as the startup seeks to capitalize on growing demand for electric vehicles in the world’s third-largest auto market. The Bengaluru-based startup, which competes with recently listed rival Ola Electric, is targeting a valuation of $1.5 billion to $2 billion, people familiar with the matter told TechCrunch. The company said it

Sep 9, 2024

India’s Ola Electric seeks to raise $661.8 million by selling new shares in an initial public offering, the six-year-old Bengaluru-headquartered startup said in draft papers filed with the country’s market regulator on Friday. The paperwork for the initial public offering follows Ola Electric raising $384 million from Temasek and Indian government-backed lender State Bank of India […]

Dec 22, 2023