Beta Technologies

Without changes, warehouses could ground drone deliveries

Maybe not today, and not likely tomorrow, but one day soon, many Americans will receive their first e-commerce delivery by drone. For residents in select areas of the country – North Carolina, Arkansas and Ohio among others – drones are already making deliveries to the home.

Amazon (NASDAQ: AMZN), Walmart (NYSE: WMT), UPS (NYSE: UPS) and Kroger (NYSE: KR) are among the large retailers and delivery providers that are rapidly scaling up drone delivery tests. Others will soon follow.

But while...

https://www.freightwaves.com/news/without-changes-warehouses-could-ground-drone-deliveries

BETA Technologies raises $368M to fund electric aircraft development

The development trajectory of electric aircraft received a big boost on Tuesday when BETA Technologies announced it had raised $368 million in a private round of fundraising led by Fidelity Management & Research Company.

Additional investors included Amazon’s Climate Pledge Fund and unnamed new and returning investors. The South Burlington, Vermont, company develops and manufactures electric vertical takeoff and landing (eVTOL) aircraft and the associated recharging system.

“We’re gratified for...

https://www.freightwaves.com/news/beta-technologies-raises-360m-to-fund-electric-aircraft-development

Big Brown continues greening fleet, buying Beta Technologies electric planes

UPS (NYSE: UPS) will take delivery of 10 Beta Technologies electric aircraft for use in small and midsize markets, with an option to purchase up to 150 of the planes in all.

The package giant, which already has more than 12,000 alternative fuel and advanced technology vehicles in its global fleet, with an order for 10,000 electric delivery vans from Arrival (NASDAQ: ARVL), will receive the first batch of electric vertical takeoff and landing (eVTOL) aircraft in 2024. The planes are being...

https://www.freightwaves.com/news/big-brown-continues-greening-fleet-buying-beta-technologies-electric-planes