Eve Holding Partners with Beta Technologies for $1B Electric Motor Supply Agreement
Eve Holding's (EVEX) Eve Air Mobility has selected Beta Technologies (BETA) to supply electric pusher motors for its conforming prototypes and production aircraft. With a current backlog of 2,800 eVTOLs, Eve is strengthening its supply chain through this collaboration. The agreement represents a potential 10-year opportunity for Beta of up to $1B. The agreement follows an initial evaluation period in which Eve purchased, tested, and validated the performance of Beta motors in its Engineering Prototype in anticipation of its first flight, which is expected to take place late this year/early 2026. Eve's eVTOL aircraft uses a lift + cruise configuration with eight dedicated propellers for vertical flight and fixed wings for cruise, with no moving parts in flight.
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- New Position Disclosure: On January 23, Liberty Street Advisors, Inc. disclosed a new position by acquiring 999,202 shares of BETA Technologies, valued at approximately $28.19 million, indicating strong conviction in the company's future prospects.
- Asset Allocation Shift: This acquisition positions BETA Technologies to represent 47.15% of Liberty Street Advisors' reportable assets under management, highlighting the fund's focus on the electric aviation sector.
- Financial Performance Highlight: BETA Technologies reported quarterly revenue of $8.9 million, nearly tripling year-over-year, driven by defense services and earlier-than-expected motor deliveries, showcasing significant growth potential.
- Strategic Investment Support: The company secured a $300 million strategic equity investment from GE Aerospace, further validating its technology roadmap, while holding a backlog of 891 aircraft valued at $3.5 billion, enhancing confidence in future growth.

- New Position Established: Liberty Street Advisors added 999,202 shares of BETA in Q4, valued at $28.19 million, resulting in BETA accounting for 47.15% of the fund's reportable assets, indicating strong conviction in BETA's future trajectory.
- Significant Revenue Growth: BETA's latest quarter revenue reached $8.9 million, nearly tripling year-over-year, driven by defense services and earlier-than-expected motor deliveries, highlighting the company's rapid growth potential in the electric aviation market.
- Strong Balance Sheet: At quarter-end, BETA had approximately $688 million in cash and equivalents, with an expected additional $1.1 billion in IPO net proceeds, providing a solid financial foundation for future expansion and R&D.
- Strategic Investment Support: GE Aerospace's $300 million strategic equity investment further validates BETA's technology roadmap, while the company has secured FAA certification and has a civil aircraft backlog of 891 units valued at $3.5 billion, demonstrating strong market demand for its products.

- New Position Established: Liberty Street Advisors added 999,202 shares of BETA Technologies in Q4, valued at $28.19 million, resulting in the position accounting for 47.15% of the fund's reportable assets, indicating strong conviction in the company's future.
- Financial Performance Boost: BETA's latest quarter revenue reached $8.9 million, nearly tripling year-over-year, driven by defense services and earlier-than-expected motor deliveries, highlighting the company's growth potential in the market.
- Strong Cash Flow Position: At quarter-end, BETA had approximately $688 million in cash and equivalents, with an expected additional $1.1 billion from IPO net proceeds, providing robust financial support for future growth initiatives.
- Customer Deliveries and Backlog: BETA has completed initial customer deliveries and secured FAA certification, with a civil aircraft backlog of 891 units valued at $3.5 billion, further validating market demand for its technology roadmap.

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- Increase in Issuance: The number of new IPOs significantly increased in 2025, reflecting a rebound in demand for new listings, which is expected to support future capital market activities and provide companies with essential funding opportunities.
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- Future Outlook: With a solid market foundation, analysts anticipate continued growth in IPO activities throughout 2025, which will create more financing opportunities for businesses and may attract greater investor interest in emerging markets.

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