UPS Plans to Cut Delivery Time in Small Markets: Plans to Purchase Electric Aircrafts from Beta Technologies | UPS Plans to Cut Delivery Time in Small Markets: Plans to Purchase Electric Aircrafts from Beta TechnologiesFinancial Buzz

UPS Plans to Cut Delivery Time in Small Markets: Plans to Purchase Electric Aircrafts from Beta Technologies

United Parcel Service, Inc. (NYSE: UPS) along with its UPS Flight Forward subsidiary has announced plans to purchase electric vehicle aircrafts from Beta Technologies to further its air service for select small and mid sized markets.  The aircrafts will take off and land on property at UPS facilities in a quiet fashion, while reducing transit time, vehicles emissions and operating costs. 

The BETA aircrafts tout a 1,400 pound cargo capacity and is suited for quicker, sustainable transport time for sensitive deliveries that would usually fly on small fixed wing aircrafts.  UPS will utilize these aircrafts for healthcare providers, including small and medium sized business and other entities in smaller communities.  The 250 mile range and a cruising speed of up to 170 miles per hour, UPS will be able to plan numerous short routes or one long route on a single charge to meet customer demand. 

“This is all about innovation with a focus on returns for our business, our customers, and the environment,” said UPS Chief Information and Engineering Officer Juan Perez. “These new aircraft will create operational efficiencies in our business, open possibilities for new services, and serve as a foundation for future solutions to reduce the emissions profile of our air and ground operation.”

“We’re combining simple, elegant design and advanced technology to create a reliable aircraft with zero operational emissions that will revolutionize how cargo moves,” said BETA founder and CEO Kyle Clark. “By utilizing vertical takeoffs and landings, we can turn relatively small spaces at existing UPS facilities into a micro air feeder network without the noise or operating emissions of traditional aircraft.”