Beta Technologies, a startup focused on electric aviation, has announced plans for an initial public offering (IPO) aiming to raise up to $825 million by pricing its shares between $27 and $33. Founded in 2017 by Kyle Clark, the company has taken an unconventional route by avoiding venture capital and instead raising $1.15 billion from institutional investors such as Fidelity and the Qatar Investment Authority. The IPO filing comes at a time when the U.S. government is facing a shutdown, yet the SEC has provided guidance allowing certain IPO filings to move forward. Recently, Beta Technologies entered a strategic partnership with GE Aerospace, which includes a $300 million investment to develop a hybrid-electric turbogenerator for future aircraft. This partnership and the IPO reflect the increasing interest and investment in the electric aviation sector.