Core Viewpoint - Beta Technologies has secured a significant supply arrangement with Eve Air Mobility, which could lead to a transformative revenue opportunity for the company over the next decade [1][3]. Group 1: Supply Arrangement - Beta Technologies has been selected to provide pusher motors for electric vertical take-off and landing (eVTOL) air taxis being developed by Eve Air Mobility [2]. - The deal represents a potential 10-year opportunity for Beta of up to $1 billion, which is substantial compared to its projected revenue of just over $15 million for 2024 [3]. Group 2: Project Scale and Impact - Eve Air Mobility currently has a backlog of 2,800 eVTOLs, indicating the scale of the project and potential demand for Beta's motors [3]. - The collaboration follows an evaluation phase where Beta's motors were tested in a prototype, with the first flight expected later this year or in early 2026 [4]. Group 3: Company Performance and Market Reaction - Following the announcement of the supply deal, Beta's stock rose by over 8%, reflecting strong investor interest [1]. - Beta's founder and CEO highlighted the proven performance and reliability of their pusher motors, emphasizing the company's capability to deliver at scale [6].
Why Beta Technologies Stock Rocketed 8% Higher on Tuesday
The Motley Fool·2025-12-03 00:12