Electric Plane Created By Startup Takes Off Vertically

Funny photo of the Akita inu dog

Photo: Getty Images

Here's today's feel-good story:

A Vermont-based startup company called Beta creates electric vertical take-off and landing planes, known as "eVTOL"s.

The company is the only western aviation firm that is serious about developing a vehicle that can reach as high as a jet with the same speed, but able to take-off and land like a helicopter.

Beta just completed a $375 million financing round with many companies interested in the technology.

“Zero emissions aviation is a critical part of turning the corner on climate change, and we are thrilled that our investors see our electric aviation system as a meaningful step towards this ambitious goal,” said Kyle Clark, executive director of Beta.

Read more here.

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