Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Amazon joins $368M funding in US-based electric plane startup
short by Aishwarya Awasthi / on Wednesday, 19 May, 2021
US-based electric plane startup Beta Technologies has raised $368 million in a funding round led by Fidelity, which also saw participation from Amazon's Climate Fund. The round reportedly valued the startup at $1.4 billion. Beta Technologies CEO Kyle Clark said Fidelity offered to fund the entire round, but the amount was increased to add investors, including Amazon's Climate Pledge Fund.
read more at TechCrunch