BETA Technologies IPO Gave the eVTOL Maker an Extra $1 Billion for R&D

The race for electric aircraft supremacy is moving full-speed ahead, and a dark horse could emerge as one of the frontrunners.

Electric aircraft manufacturer Beta Technologies was listed yesterday on the New York Stock Exchange, joining Joby, Archer, Vertical Aerospace, EHang, Eve and Surf Air Mobility as publicly traded eVTOL makers. The company raised nearly $1 billion in its initial public offering through the sale of 29.85 million shares and a market valuation of about $7.44…