Beta Technologies and the Export-Import Bank of the United States (EXIM) are working towards expanding their existing financing relationship by up to $1 billion, extending a deal that has already backed the manufacturer's Vermont production facility.

The proposed expansion would provide Beta with up to $1 billion in net financing, including approximately $830 million of incremental capital available through one or more tranches. It builds on an existing $170 million facility that supported construction of Beta's aircraft production plant in South Burlington, Vermont. Beta expects to use the proceeds to fund the next phase of its manufacturing growth in the United States, including expanding vertical integration, increasing production capacity for electric propulsion systems, scaling its propulsion business beyond current low-volume shipments and approximately doubling throughput across its facilities over the coming years, alongside hundreds of skilled manufacturing jobs.

Kyle Clark, founder and chief executive of Beta, says: “Through our 2025 IPO, Beta raised approximately $1.2 billion, and our relationship with EXIM Bank aims to provide an additional $1 billion of non-dilutive growth capital. Over the next several years, we intend to double the throughput of our facilities and add strategic manufacturing processes that will strengthen our internal supply chain and expand our ability to serve customers around the world.”

The proposed agreement follows a run of milestones for Beta over the past month, including the unveiling of the MV250 hybrid-electric VTOL aircraft, developed with a GE Aerospace turbogenerator and Sikorsky's MATRIX autonomy technology; a high-altitude hybrid-electric flight with GE Aerospace, NASA and Boeing; the launch of America's Consortium for Electric Skyways alongside Archer Aviation and Macquarie Capital, targeting up to 250 air taxi sites over the next decade; completion of the first operational flights under the FAA's eVTOL Integration Pilot Program; and a commercial agreement with Loganair for five Alia CTOL electric aircraft, with an option for five more.

Since Beta's original $170 million EXIM financing, its commercial aircraft backlog has grown from approximately $1 billion to $3.9 billion, spanning both Alia CTOL and Alia VTOL orders. The company has also added propulsion and flight control sales as revenue streams and grown its government business to include classified work, supported by a Secret-level Facility Security Clearance.