00:00:29.129 --> 00:00:31.798
Beta is an electric aerospace
company.

00:00:32.132 --> 00:00:34.267
Beta has developed
this entire propulsion system

00:00:34.534 --> 00:00:36.202
from the battery
through the inverter

00:00:36.202 --> 00:00:37.670
to the motor
to the configuration

00:00:37.670 --> 00:00:38.705
of the aircraft

00:00:38.705 --> 00:00:41.775
to enable
a electric aerospace future.

00:00:42.742 --> 00:00:45.678
With that,
we created an EVTOL aircraft,

00:00:45.678 --> 00:00:48.815
which stands for Electric
Vertical Take Off and Landing.

00:00:49.315 --> 00:00:50.917
The simplest way to explain
it is it's

00:00:50.917 --> 00:00:53.053
kind of like a helicopter
and an airplane combined.

00:00:53.520 --> 00:00:56.056
You have to have an aircraft
that can do the basic mission

00:00:56.056 --> 00:00:58.958
that folks are already out
 there doing, high enough weight,

00:00:59.292 --> 00:01:01.995
high enough payload,
high enough range

00:01:01.995 --> 00:01:04.664
that it can really be used
like an existing aircraft can.

00:01:04.998 --> 00:01:08.134
I think Alia is one of the first
aircraft to really do that.

00:01:09.235 --> 00:01:11.538
I've always
been enamored by flight.

00:01:11.538 --> 00:01:13.273
I designed and built airplanes.

00:01:13.273 --> 00:01:16.709
In high school my dorm room
was full of model airplanes

00:01:17.043 --> 00:01:19.779
and my senior thesis
was all about Beta Air

00:01:19.779 --> 00:01:22.248
and trying to get people
to believe in a new way

00:01:22.248 --> 00:01:23.950
of interfacing
with the aircraft.

00:01:23.950 --> 00:01:27.053
And then professionally,
I was doing sustainable

00:01:27.053 --> 00:01:29.355
solutions
with power electronics.

00:01:29.956 --> 00:01:31.724
Just recently,
we got to the point

00:01:31.724 --> 00:01:33.326
that the technological level

00:01:33.326 --> 00:01:35.562
of power electronics,
batteries, motors, inverters

00:01:36.162 --> 00:01:38.298
and my passion for aviation
could intersect.

00:01:38.765 --> 00:01:44.003
I created an idea, an insatiable
interest in technology,

00:01:44.504 --> 00:01:46.706
a love for aviation and flying,

00:01:46.706 --> 00:01:48.675
because it's such a beautiful,
awesome thing

00:01:48.675 --> 00:01:50.844
and a deep care
for sustainability

00:01:50.844 --> 00:01:52.145
and the environment.

00:01:52.145 --> 00:01:55.448
And then a whole bunch of people
with similar ideals and ideas

00:01:55.448 --> 00:01:57.884
came together,
and the company became a place

00:01:58.118 --> 00:02:03.089
where a bunch of innovative,
creative and highly give-a-damn

00:02:03.089 --> 00:02:05.792
people could get together,
cut out all the B.S.

00:02:05.792 --> 00:02:08.761
all although nonessential stuff
and all the friction,

00:02:09.195 --> 00:02:11.431
and you have a drive
and you have clarity.

00:02:11.431 --> 00:02:12.999
You define the mission.

00:02:12.999 --> 00:02:15.869
And that's
how Beta was really formed.

00:02:16.736 --> 00:02:18.838
What we're doing
with the United Therapeutics,

00:02:18.905 --> 00:02:22.876
they are our initial customer.
Martine Rothblatt and her team

00:02:22.876 --> 00:02:24.711
there started Beta.

00:02:24.711 --> 00:02:29.015
We're delivering them a organ
and tissue delivery system

00:02:29.382 --> 00:02:33.019
and they will operate it to move
organs and tissues and blood

00:02:33.019 --> 00:02:36.489
products and medical products
throughout the entire country

00:02:36.489 --> 00:02:38.491
without any emissions.

00:02:38.491 --> 00:02:43.696
Right now, if there's an organ
that needs repair, it will go on

00:02:43.696 --> 00:02:46.633
an ambulance, in a helicopter,
potentially on a jet

00:02:46.933 --> 00:02:50.503
to go from hospital to hospital
through a repair station.

00:02:50.637 --> 00:02:53.473
With Alia because it takes off
like a helicopter and lands

00:02:53.473 --> 00:02:56.042
like a helicopter and functions
like an airplane in the middle.

00:02:56.242 --> 00:02:57.410
Instead of transferring these

00:02:57.410 --> 00:02:58.778
through
all these different vehicles,

00:02:58.778 --> 00:03:02.282
they get to go from point
to point with one vehicle,

00:03:02.549 --> 00:03:03.983
which means it's more reliable,

00:03:03.983 --> 00:03:06.319
it's faster,
and it's better for the patient.

00:03:06.319 --> 00:03:09.889
Man, best sense of achievement
and accomplishment in my

00:03:09.889 --> 00:03:10.590
entire life,

00:03:12.091 --> 00:03:14.861
Alia cruises at about 170 miles
an hour.

00:03:15.295 --> 00:03:18.164
It's equivalent
to what existing small propeller

00:03:18.164 --> 00:03:19.866
commuter
planes are already doing,

00:03:19.866 --> 00:03:21.201
so they won't really be

00:03:21.201 --> 00:03:23.336
a speed disadvantage
to flying electric.

00:03:23.603 --> 00:03:25.672
The maximum range
that we've demonstrated

00:03:25.672 --> 00:03:28.274
so far is about 255
nautical miles.

00:03:28.908 --> 00:03:31.911
Half of all flights
are less than 500 miles.

00:03:32.078 --> 00:03:34.948
How many of those flights
even needed to go 500 miles?

00:03:35.215 --> 00:03:38.251
So, for example,
FedEx, UPS, aggregate

00:03:38.251 --> 00:03:40.787
all their packages
in Memphis or Louisville.

00:03:41.354 --> 00:03:44.123
That means a package moving
from New York City to Buffalo

00:03:44.123 --> 00:03:49.162
goes about 1300 miles
when it could go 130 miles.

00:03:49.729 --> 00:03:53.967
With smaller, shorter range
aircraft that have a much lower

00:03:53.967 --> 00:03:54.767
cost of operation

00:03:54.767 --> 00:03:56.169
because they're not
burning fuel,

00:03:56.169 --> 00:03:58.438
they can go directly
from New York to Buffalo.

00:03:59.439 --> 00:04:03.910
If your typical airplane costs
you $3 million to buy

00:04:03.910 --> 00:04:07.080
and every time you fly it,
it cost you $500-$600 an hour.

00:04:07.447 --> 00:04:10.183
Over time,
your operational expense dwarfs

00:04:10.183 --> 00:04:11.751
your capital expense.

00:04:11.751 --> 00:04:14.287
In our aircraft, costs you
about the same amount to buy.

00:04:14.787 --> 00:04:18.391
But the operational expense
is so low that you say, well,

00:04:18.891 --> 00:04:20.326
if I've already bought this
thing,

00:04:20.326 --> 00:04:21.661
it doesn't cost me
much to use it

00:04:21.661 --> 00:04:23.596
more and more and more,
let's use it all the time.

00:04:24.597 --> 00:04:26.399
One thing we don't think about,

00:04:26.399 --> 00:04:29.502
tons of people get online and
they just click buy at Amazon.

00:04:29.802 --> 00:04:33.840
They caused a 747 to leave
Shanghai, land in Anchorage,

00:04:34.140 --> 00:04:35.441
come down to Louisville.

00:04:35.441 --> 00:04:38.244
You triggered an amazing event.

00:04:38.244 --> 00:04:42.248
With an appropriately sized
dataset and computational tool,

00:04:42.248 --> 00:04:44.117
you can create a mesh network

00:04:44.117 --> 00:04:46.152
where things are going
the right distance

00:04:46.319 --> 00:04:49.722
in a super low cost operation
of electric aviation,

00:04:49.956 --> 00:04:52.625
point to point.
That's the future.

00:04:52.625 --> 00:04:53.826
The deal with U.P.S.

00:04:53.826 --> 00:04:57.597
is a mutual vision of a future
state of mesh network.

00:04:58.064 --> 00:05:01.901
Our part of the deal
is to deliver them a super high

00:05:01.901 --> 00:05:05.505
reliability aircraft,
charging systems, systems

00:05:05.505 --> 00:05:08.074
that allow them to maintain
and fly the aircraft

00:05:08.441 --> 00:05:11.144
and let them do what they do
really well,

00:05:11.144 --> 00:05:15.381
which is operate
an amazing logistics network.

00:05:16.616 --> 00:05:18.951
In order to make a real
difference in climate change,

00:05:18.951 --> 00:05:21.454
we've got to start with places
where we're going to have early

00:05:21.454 --> 00:05:23.923
and effective
and meaningfully sized wins.

00:05:24.123 --> 00:05:27.460
We will carry people on the
airplane very, very shortly.

00:05:27.760 --> 00:05:30.930
But right now,
focusing on cargo and logistics

00:05:31.264 --> 00:05:34.634
allows us to deploy something
into an immediate

00:05:34.634 --> 00:05:35.668
and current need.

00:05:35.668 --> 00:05:37.303
People don't want an aircraft

00:05:37.303 --> 00:05:39.105
taking off and landing
from a residential area

00:05:39.105 --> 00:05:41.574
or landing on their apartment
building or their office.

00:05:41.574 --> 00:05:44.344
However, industrial parks,
they're like,

00:05:44.777 --> 00:05:46.179
a quiet, clean aircraft?

00:05:46.179 --> 00:05:47.480
Yeah, we'll take that!

00:05:47.480 --> 00:05:49.882
They can look at this
and assess the values

00:05:50.049 --> 00:05:51.284
and implement it quickly.

00:05:52.285 --> 00:05:55.555
In our mission to create
a sustainable aviation future,

00:05:55.588 --> 00:05:56.656
we can't do that

00:05:56.656 --> 00:05:57.857
without recognizing there

00:05:57.857 --> 00:06:00.760
has to be some economic benefit
to our customers.

00:06:00.893 --> 00:06:04.230
We have to provide something
that both is sustainable

00:06:04.497 --> 00:06:08.468
and meets their climate goals
and provides a

00:06:08.501 --> 00:06:09.869
benefit economically.

00:06:09.869 --> 00:06:10.937
You know, the airlines,

00:06:10.937 --> 00:06:14.540
they stop being economical below
500 to 1000 miles.

00:06:15.074 --> 00:06:17.944
The electrics
open that up further down

00:06:17.944 --> 00:06:21.514
so you can have a profitable
operation, on much shorter routes

00:06:21.881 --> 00:06:22.982
The attraction of that

00:06:22.982 --> 00:06:23.516
is really

00:06:23.516 --> 00:06:26.018
that you can go to much smaller
airports or airports

00:06:26.018 --> 00:06:28.154
that didn't make sense
to be served before.

00:06:28.654 --> 00:06:30.523
It changes a town completely.

00:06:30.523 --> 00:06:33.292
It's just like when the highway
rolls through town,

00:06:33.292 --> 00:06:36.095
if we can open up those air highways
to towns, a big difference.

00:06:37.196 --> 00:06:40.233
We have to do something
about climate change

00:06:40.233 --> 00:06:43.269
now, and most other
forms of transportation

00:06:43.269 --> 00:06:44.437
are getting tons of attention,

00:06:44.437 --> 00:06:46.939
whether it be passenger
vehicles, trucks,

00:06:47.440 --> 00:06:51.411
trains and aviation
has been seen as unattainable.

00:06:51.411 --> 00:06:52.311
So we don't really deal with it.

00:06:52.311 --> 00:06:53.713
We don't talk about it a lot,

00:06:53.713 --> 00:06:56.749
but it's it's a large
contributor to carbon emissions.

00:06:57.150 --> 00:07:00.753
So there's this massive urgency
within our business to ensure

00:07:00.753 --> 00:07:04.290
that we don't take the podium
as the biggest contributor

00:07:04.290 --> 00:07:06.592
out of transportation
to climate change.

00:07:06.592 --> 00:07:07.593
Fuel is one of the highest

00:07:07.593 --> 00:07:09.629
operating expenses
for a commercial operator.

00:07:09.996 --> 00:07:11.964
What we're working on is kind of
that breakthrough step,

00:07:11.964 --> 00:07:13.332
which is switching to a new mode

00:07:13.332 --> 00:07:15.435
of propulsion,
battery/electric propulsion,

00:07:15.935 --> 00:07:16.936
that takes you

00:07:16.936 --> 00:07:19.205
on a sustainability level,
on an emissions level,

00:07:19.505 --> 00:07:22.308
from some amount of turbine
fuel going through to

00:07:22.341 --> 00:07:23.476
to almost nothing.

00:07:23.476 --> 00:07:25.077
If you fly electric versus jet,

00:07:25.077 --> 00:07:29.015
operational emissions are eight
times less per package mile.

00:07:29.315 --> 00:07:32.084
Once you do that, then
you say, I'm going to reduce

00:07:32.351 --> 00:07:34.954
the total travel distance
of a package,

00:07:35.655 --> 00:07:37.824
three times, five times,
or in the case of Buffalo

00:07:37.824 --> 00:07:39.759
to New York City ten times.

00:07:39.759 --> 00:07:40.593
We're operating

00:07:40.593 --> 00:07:43.963
in a highly innovative space
of electric aircraft.

00:07:44.263 --> 00:07:46.332
However,
we're intensely pragmatic

00:07:46.766 --> 00:07:47.934
because we have to produce

00:07:47.934 --> 00:07:51.370
a real aircraft that works
everyday for our customers

00:07:51.671 --> 00:07:53.973
and actually does
get through certification

00:07:53.973 --> 00:07:56.242
and commercialization
and manufacturing.

00:07:56.242 --> 00:07:58.444
Building
one of anything is a hobby,

00:07:58.444 --> 00:07:59.679
but when you can

00:07:59.679 --> 00:08:01.848
produce things at scale,
that's true innovation

00:08:01.848 --> 00:08:03.716
because as fun as it is

00:08:03.716 --> 00:08:04.650
and how much we love working

00:08:04.650 --> 00:08:06.185
on our proof of concept
aircrafts,

00:08:06.185 --> 00:08:07.820
we want to be able
to provide these

00:08:07.820 --> 00:08:11.324
to our customers, for the world,
and truly change aviation.

00:08:12.124 --> 00:08:14.160
I think it's kinda that hardest
step over

00:08:14.160 --> 00:08:15.394
from becoming an R&D company

00:08:15.394 --> 00:08:17.296
to becoming
a manufacturing company

00:08:17.296 --> 00:08:18.531
and a company
that actually produces

00:08:18.531 --> 00:08:20.266
aircrafts and delivers them.

00:08:20.266 --> 00:08:21.601
So as we learn things

00:08:21.601 --> 00:08:23.836
from the aircraft,
we take that learning

00:08:23.836 --> 00:08:25.238
and put it over
to our production

00:08:25.238 --> 00:08:27.240
aircraft and certified aircraft
and figure out

00:08:27.240 --> 00:08:29.709
how we're actually going
to put these together at scale.

00:08:29.709 --> 00:08:31.744
We built a charging network
that goes all the way

00:08:31.744 --> 00:08:33.779
from Burlington to Arkansas.

00:08:33.779 --> 00:08:36.015
Our customers can use it
for multiple different vehicles,

00:08:36.382 --> 00:08:38.584
and anybody else
who deploys an electric aircraft

00:08:38.584 --> 00:08:39.952
can plug
into our charging system.

00:08:41.087 --> 00:08:42.755
We're mindful
of where we buy the batteries

00:08:42.755 --> 00:08:44.223
and the elements
in the batteries from.

00:08:44.223 --> 00:08:46.459
So we reduce our initial carbon
footprint

00:08:46.459 --> 00:08:48.561
of the battery acquisition
process,

00:08:48.561 --> 00:08:50.663
the rare earths
that go into the batteries,

00:08:50.696 --> 00:08:52.565
you have to mine
in a sustainable way.

00:08:52.565 --> 00:08:55.034
All these new technologies
are available to do it.

00:08:55.535 --> 00:08:58.204
We fly with those batteries
till an end-of-life

00:08:58.204 --> 00:08:59.105
on the airplane.

00:08:59.105 --> 00:09:01.073
Those batteries
come out of the airplane

00:09:01.073 --> 00:09:04.410
and then they go for another
ten years in an application

00:09:04.644 --> 00:09:07.013
that's less
sensitive to that degradation.

00:09:07.146 --> 00:09:10.082
Once they've gone through
that whole cycle, say, 15 years

00:09:10.082 --> 00:09:12.385
of utilization,
they can be disassembled

00:09:13.286 --> 00:09:16.956
and the elements can be re-mined
out of the grindings.

00:09:17.223 --> 00:09:18.758
And I'm super confident

00:09:18.758 --> 00:09:21.127
the total yield
out of those recycled batteries

00:09:21.127 --> 00:09:23.095
is going to be much better
than pulling new stuff

00:09:23.095 --> 00:09:23.996
out of the ground.

00:09:23.996 --> 00:09:24.630
And all of a sudden,

00:09:24.630 --> 00:09:27.867
the cycle becomes way
less environmentally intrusive.

00:09:28.668 --> 00:09:30.703
We've been thinking about
that whole cycle

00:09:31.203 --> 00:09:34.173
all the way to the point
that our Burlington facility,

00:09:34.206 --> 00:09:35.875
which will produce 300 aircraft

00:09:35.875 --> 00:09:38.644
a year, will be 100%
renewable power

00:09:38.945 --> 00:09:41.581
because it's got a big roof
to make two megawatts of solar.

00:09:41.781 --> 00:09:43.482
All of a sudden you're
generating your own electricity

00:09:43.482 --> 00:09:44.951
and you have a net zero

00:09:44.951 --> 00:09:48.054
building to produce aircraft
that have no emissions.

00:09:48.921 --> 00:09:51.591
Everybody sees the innovation
on the airplane

00:09:51.591 --> 00:09:52.158
and the innovation

00:09:52.158 --> 00:09:54.760
in the charging network,
but the real innovation

00:09:54.760 --> 00:09:56.796
is the way
that we run the business.

00:09:56.796 --> 00:10:00.199
Everybody here should
and is willing to do every job.

00:10:00.566 --> 00:10:03.302
So here at Beta, I’m
the founder and CEO, but

00:10:03.302 --> 00:10:06.405
I typically operate as a test
pilot and engineer.

00:10:07.173 --> 00:10:09.709
A flat hierarchy
or a flat organization

00:10:10.109 --> 00:10:13.446
allows those people in the
front lines to make effective

00:10:13.446 --> 00:10:15.915
and decisive decisions
to move the business

00:10:15.915 --> 00:10:18.751
forward towards its mission
of curtailing climate change.

00:10:19.819 --> 00:10:20.886
I think a big advantage that

00:10:20.886 --> 00:10:23.990
we have is that we're building
the motors in-house.

00:10:24.123 --> 00:10:26.125
The folks that are designing
the airplane work

00:10:26.125 --> 00:10:28.694
extremely closely with the folks
that are designing the motor,

00:10:29.295 --> 00:10:32.365
at a level of collaboration
that normally isn't possible.

00:10:33.265 --> 00:10:36.702
When people get together
and they're appropriately

00:10:37.536 --> 00:10:39.372
guided and incentivized,

00:10:39.372 --> 00:10:41.641
then you end up with
a really efficient business.

00:10:41.641 --> 00:10:42.775
The objective here isn’t

00:10:42.775 --> 00:10:45.478
to make one person money
or an investor money.

00:10:45.711 --> 00:10:47.813
It's to meet the mission.

00:10:47.813 --> 00:10:49.982
Nobody cares as much as we do.

00:10:49.982 --> 00:10:52.318
We don't look around and say,
Oh, somebody else will solve

00:10:52.318 --> 00:10:54.453
that problem.
It's our job to do it.

00:10:55.121 --> 00:10:56.355
How much you care

00:10:56.355 --> 00:10:58.658
is really important
to the success of the product.

00:11:00.026 --> 00:11:02.161
I think it's important
for everyone to learn how to fly

00:11:02.161 --> 00:11:04.864
because we're all
speaking the same language.

00:11:04.864 --> 00:11:05.931
We want to have designers

00:11:05.931 --> 00:11:08.200
who understand
how these things operate,

00:11:08.200 --> 00:11:08.701
and it doesn't mean

00:11:08.701 --> 00:11:10.036
you have to go all the way
to getting a pilot's license,

00:11:10.102 --> 00:11:13.339
but just a basic understanding
is is massively beneficial.

00:11:13.339 --> 00:11:17.443
Because everyone's
aligned on the same terminology

00:11:17.443 --> 00:11:19.145
but also aligned in the same

00:11:19.145 --> 00:11:21.080
passion, it makes so
everyone is a bit more efficient

00:11:21.080 --> 00:11:21.614
in their work.

00:11:21.747 --> 00:11:23.749
Everyone's kind of driving
towards the same goal.

00:11:24.250 --> 00:11:26.318
At the end of the day,
we're trying to explore

00:11:26.318 --> 00:11:28.421
electric aviation
and enable electric aviation

00:11:28.421 --> 00:11:30.790
to allow
a more sustainable future.

00:11:31.524 --> 00:11:32.124
The core

00:11:32.124 --> 00:11:34.660
job I work on at
Beta is on the simulator team.

00:11:35.261 --> 00:11:36.962
If you have a really good
simulator,

00:11:36.962 --> 00:11:39.498
your development improves
massively.

00:11:39.498 --> 00:11:40.866
Instead of having to spend
a week

00:11:40.866 --> 00:11:42.635
flying the real airplane around
to get the results,

00:11:42.635 --> 00:11:44.737
you can do that
all in an hour in a simulator.

00:11:45.204 --> 00:11:47.773
So we actually have a few
different simulator products.

00:11:48.007 --> 00:11:50.042
One is the large dome
simulator.

00:11:50.276 --> 00:11:54.814
That's the full fuselage, a 220
degree dome and projectors.

00:11:55.114 --> 00:11:57.750
But those aren't feasible
to build a lot of or to build

00:11:57.750 --> 00:11:58.651
very quickly.

00:11:58.818 --> 00:12:01.654
So we additionally have a small
portable simulator that uses

00:12:01.654 --> 00:12:03.456
virtual reality technology

00:12:03.456 --> 00:12:05.224
and that sits on
a small platform

00:12:05.224 --> 00:12:06.959
with the actual seat
from the aircraft

00:12:06.959 --> 00:12:08.294
and the actual controls,

00:12:08.294 --> 00:12:10.262
and then you wear
a virtual reality headset.

00:12:10.262 --> 00:12:11.297
Those can be built quicker.

00:12:11.297 --> 00:12:12.498
They can be built cheaper,

00:12:12.498 --> 00:12:13.933
and that allows us
to distribute them

00:12:13.933 --> 00:12:15.801
to internal teams
for engineering,

00:12:15.801 --> 00:12:17.403
as well as bring them

00:12:17.403 --> 00:12:19.472
to different events
for community outreach.

00:12:19.638 --> 00:12:21.707
And that includes outreach
to schools,

00:12:21.707 --> 00:12:23.342
trying to introduce people
to STEM

00:12:23.342 --> 00:12:24.176
and teach students

00:12:24.176 --> 00:12:26.545
about this new frontier
of aviation we're working on.

00:12:27.213 --> 00:12:29.682
One of our partners
is the United States Air Force.

00:12:29.682 --> 00:12:30.616
They're interested in

00:12:30.616 --> 00:12:34.353
using our aircraft
for logistics, resupply.

00:12:34.587 --> 00:12:36.756
There's some special missions
potentially.

00:12:36.756 --> 00:12:38.157
The simulator was used heavily

00:12:38.157 --> 00:12:42.161
when we had Air Force test
pilots come to Beta to fly Alia.

00:12:42.328 --> 00:12:43.162
They got to practice

00:12:43.162 --> 00:12:44.630
all of the maneuvers
that they were going to do

00:12:44.630 --> 00:12:46.766
in the airplane,
in the simulator beforehand.

00:12:46.999 --> 00:12:49.235
And then the next day they went
and flew the actual thing.

00:12:49.835 --> 00:12:51.937
We're working together
to teach them

00:12:51.937 --> 00:12:54.240
about electric aviation,
but they're also teaching us

00:12:54.240 --> 00:12:57.476
things about flight tests
and providing us context and

00:12:57.476 --> 00:12:58.778
feedback from their pilots.

00:12:59.945 --> 00:13:02.782
I was lucky enough
to be involved in the aircraft

00:13:02.782 --> 00:13:06.118
flying from Burlington, Vermont
to Bentonville, Arkansas.

00:13:06.752 --> 00:13:09.622
Why that was significant was
it was really the first time

00:13:09.622 --> 00:13:12.958
that a battery-electric
airplane, at a large scale,

00:13:12.958 --> 00:13:15.027
carrying a reasonably large
payload,

00:13:15.261 --> 00:13:18.197
charged off
the grid, flew from A to B

00:13:18.197 --> 00:13:20.633
over a long distance,
charging along the way.

00:13:20.633 --> 00:13:23.335
Every place we stopped
at, people would say, Oh,

00:13:23.335 --> 00:13:24.937
that's an electric airplane.

00:13:24.937 --> 00:13:26.605
Wait is it, all electric?

00:13:26.605 --> 00:13:28.974
Is it
hybrid electric? Is it hydrogen?

00:13:29.008 --> 00:13:29.375
No, no.

00:13:29.375 --> 00:13:31.477
It's a battery-electric aircraft

00:13:31.477 --> 00:13:33.879
that's flying
across the country.

00:13:33.879 --> 00:13:35.447
And people's minds were blown.

00:13:35.447 --> 00:13:36.448
It was awesome!

00:13:36.649 --> 00:13:39.685
Every airport we ran into,
there were people who just said,

00:13:39.685 --> 00:13:42.054
Holy cow, this is a real thing.
I had no idea.

00:13:42.221 --> 00:13:43.856
We didn't make a big
marketing splash about it.

00:13:43.856 --> 00:13:45.958
We didn't really tell
anybody about it.

00:13:45.958 --> 00:13:47.993
We just wanted to prove
it could be done.

00:13:47.993 --> 00:13:50.162
We landed in Cincinnati

00:13:50.162 --> 00:13:53.165
and we met with
some of the leadership of Amazon

00:13:53.799 --> 00:13:55.301
and they came out
and looked at the plane.

00:13:55.301 --> 00:13:59.538
And I see hundreds of people
come out of this big facility

00:13:59.672 --> 00:14:01.273
to come and see
an electric plane.

00:14:01.273 --> 00:14:02.808
Nobody asked them to come out,

00:14:02.808 --> 00:14:03.342
but they were

00:14:03.342 --> 00:14:06.745
genuinely interested
in seeing the future of aviation

00:14:06.745 --> 00:14:07.847
and sustainability.

00:14:07.847 --> 00:14:10.916
And so that flight
was just monumental in the fact

00:14:10.916 --> 00:14:12.818
that, look, it's
real, it's making real missions

00:14:12.818 --> 00:14:15.788
and our customers and their
employees just care about it.

00:14:17.489 --> 00:14:19.725
So one of the really
neat things about this flight

00:14:19.725 --> 00:14:23.495
is that we flew with Alia, and
we flew with a Cessna Caravan,

00:14:23.495 --> 00:14:26.799
which is kind of the ubiquitous
feeder fleet cargo aircraft.

00:14:26.999 --> 00:14:28.267
At each one of these legs,

00:14:28.267 --> 00:14:32.004
say just under 200 miles, it
cost about $700 of fuel

00:14:32.171 --> 00:14:34.773
to fill up the Caravan,
enough to do the next leg.

00:14:35.007 --> 00:14:39.144
And it cost about $17 in
electricity to charge up Alia.

00:14:39.778 --> 00:14:42.181
And so when we show those
numbers to existing operators,

00:14:42.181 --> 00:14:44.049
they cannot wait
to get their hands on it.

00:14:45.618 --> 00:14:47.786
Four and a half years ago,
when I started this company.

00:14:47.786 --> 00:14:50.789
We had a sketch and we said,
We're going to go build this.

00:14:50.789 --> 00:14:52.925
And people are like, no way!

00:14:53.425 --> 00:14:55.594
Not only did we build that,
we built another one,

00:14:55.594 --> 00:14:56.962
and then we built new designs.

00:14:56.962 --> 00:15:00.633
And all of a sudden people
blink and we've got 450 people

00:15:00.633 --> 00:15:03.535
working towards a common goal.
We have a charging network

00:15:03.535 --> 00:15:05.204
that's halfway
across the country.

00:15:05.204 --> 00:15:07.406
We're flying these aircraft
every day.

00:15:07.406 --> 00:15:07.973
They're flying

00:15:07.973 --> 00:15:11.410
hundreds of miles, fast,
with high payloads and so on.

00:15:11.710 --> 00:15:13.746
They’re
flying like real airplanes do.

00:15:13.746 --> 00:15:16.348
There's no amount of slide
decks or pitches

00:15:16.348 --> 00:15:17.449
or so on that you really need

00:15:17.449 --> 00:15:20.152
when you've got real aircraft
around flying.

00:15:20.686 --> 00:15:22.187
Over the next years,
we're going to cover

00:15:22.187 --> 00:15:24.256
the entire country
with charging systems.

00:15:24.256 --> 00:15:26.358
You'll see
the first programs go out

00:15:26.525 --> 00:15:28.227
and these will be ten
aircraft at a time.

00:15:28.227 --> 00:15:30.029
It's not going to be
a massive deployment;

00:15:30.029 --> 00:15:32.965
the next year, 25; the next
year, hundreds of aircraft.

00:15:33.098 --> 00:15:34.767
So it's not that far off.

00:15:34.767 --> 00:15:36.835
We're going to go to sleep
and we’re gonna wake up

00:15:36.835 --> 00:15:39.204
and be like,
wow, it's happening.

00:15:39.204 --> 00:15:42.041
The best way to get it
done is to start doing it.

00:15:42.441 --> 00:15:43.142
And that's what we've done.

00:16:46.828 --> 00:16:48.463
If you really want
to save the Earth,

00:16:48.463 --> 00:16:50.165
if you really want to help.

00:16:50.165 --> 00:16:51.299
You have to figure out

00:16:51.400 --> 00:16:54.803
what to get rid of that gives
more value rather than to add.

00:16:55.537 --> 00:16:58.040
And that's Canoo's mission.

00:16:58.040 --> 00:17:00.342
Canoo is an EV

00:17:00.342 --> 00:17:02.711
that we wanted to be able
to bring to the masses.

00:17:03.445 --> 00:17:06.214
And in order to do that,
you have to think differently

00:17:06.214 --> 00:17:09.851
because a typical vehicle
has 4000 to 8000 parts.

00:17:10.285 --> 00:17:13.789
If we could get the vehicle down
to a fraction of the parts

00:17:13.789 --> 00:17:16.758
of a typical vehicle, we could
make it affordable to everyone.

00:17:18.427 --> 00:17:21.096
We're not just an EV company.

00:17:21.096 --> 00:17:23.999
We're an advanced mobility
technology platform,

00:17:23.999 --> 00:17:26.468
and that's why it's called
the Multipurpose Platform.

00:17:27.536 --> 00:17:31.373
That is the bottom layer
that encompasses your drive

00:17:31.373 --> 00:17:32.908
units, your motors,

00:17:32.908 --> 00:17:35.410
your battery,
your high voltage electronics.

00:17:35.811 --> 00:17:38.713
We also have our heating
and cooling, our A track systems

00:17:39.281 --> 00:17:41.483
And then we talk
about our tophats

00:17:41.483 --> 00:17:43.418
that includes our interiors,

00:17:43.418 --> 00:17:47.656
our seats, the area that you
occupy when you drive the car.

00:17:48.356 --> 00:17:51.226
We also have layers of software
that go along with this

00:17:51.493 --> 00:17:53.128
and the accessorization

00:17:53.128 --> 00:17:54.963
that are cleanly integrated,

00:17:54.963 --> 00:17:57.299
so we deliver
a harmonized product.

00:17:57.766 --> 00:18:01.503
What makes a Canoo vehicle
very different is it's there

00:18:01.503 --> 00:18:03.972
for you to basically say,
I need this,

00:18:03.972 --> 00:18:06.842
I need this, I need this
for my field of work.

00:18:07.242 --> 00:18:09.578
And when I don't want it,
I want to be able to easily

00:18:09.578 --> 00:18:11.913
take it off. An able bodied
human

00:18:12.581 --> 00:18:14.616
can assemble or disassemble
this vehicle.

00:18:15.183 --> 00:18:17.652
You can go from a truck
to a van.

00:18:17.919 --> 00:18:18.954
It's just endless.

00:18:18.954 --> 00:18:21.223
It is an erector set
for your life.

00:18:21.656 --> 00:18:24.893
And as your life changes,
you can erect it differently.

00:18:25.160 --> 00:18:28.964
So when you're a working person,
you take the LV and you fit it

00:18:28.964 --> 00:18:32.300
for delivery and then you're
like, my life is different now.

00:18:32.300 --> 00:18:35.770
I want to go into a limo service
or I want to just raise

00:18:35.770 --> 00:18:36.771
my family.

00:18:36.771 --> 00:18:38.940
You just change a few parts.

00:18:38.940 --> 00:18:41.042
You can do
whatever you want on the top.

00:18:41.076 --> 00:18:43.545
Do you want space for people?
You can have that.

00:18:43.545 --> 00:18:45.313
Do you need space
for your cargo?

00:18:45.313 --> 00:18:46.548
You can have that, too.

00:18:46.548 --> 00:18:49.751
And we're not redesigning
a new car each time.

00:18:49.985 --> 00:18:52.487
We're
just changing the top for you.

00:18:52.487 --> 00:18:56.224
I wanted to make sure that the
engineers felt fully empowered

00:18:56.424 --> 00:18:59.761
not to follow something,
but to create something.

00:19:00.162 --> 00:19:02.097
They're thinking of the plumber.

00:19:02.097 --> 00:19:03.999
They're thinking
of the electrician.

00:19:03.999 --> 00:19:05.867
They're thinking of the mom.

00:19:05.867 --> 00:19:07.335
That's why we got Street View.

00:19:07.335 --> 00:19:09.771
You know,
you can see everything.

00:19:10.338 --> 00:19:12.040
The field
of view will blow your mind.

00:19:12.974 --> 00:19:16.077
It's exciting to have a car
that's so small on the outside,

00:19:16.311 --> 00:19:19.181
but provide that space
that is afforded

00:19:19.181 --> 00:19:22.584
with much larger minivans
or even larger SUVs.

00:19:23.385 --> 00:19:25.554
Our motor technology

00:19:25.554 --> 00:19:30.025
is one of the smallest packages
and produces the most power

00:19:30.258 --> 00:19:33.128
to deliver the propulsion
needs for this platform.

00:19:33.828 --> 00:19:34.930
So what allows us

00:19:35.030 --> 00:19:37.632
to make this car for everyone
and bring the price down.

00:19:38.033 --> 00:19:40.502
Making sure everything
is functionally integrated.

00:19:40.802 --> 00:19:42.304
Every millimeter counts.

00:19:42.304 --> 00:19:43.905
Every gram counts.

00:19:43.905 --> 00:19:47.442
And putting that all together,
the battery, the motor,

00:19:47.876 --> 00:19:51.846
the high voltage, low voltage
electronics, is all developed

00:19:51.846 --> 00:19:52.981
in house.

00:19:52.981 --> 00:19:54.516
Since Canoo is a startup,

00:19:54.516 --> 00:19:55.250
we were able

00:19:55.250 --> 00:19:58.753
to start from scratch, so
we had a clean sheet of paper,

00:19:59.087 --> 00:20:02.457
which is how we were able to
completely re-imagine the car.

00:20:02.624 --> 00:20:05.894
That also allowed us
to have less parts.

00:20:05.894 --> 00:20:08.964
And so that's less
things that we have to buy,

00:20:08.964 --> 00:20:11.066
so just the build of
materials is cheaper.

00:20:11.399 --> 00:20:14.169
And then it also
makes the car lighter,

00:20:14.402 --> 00:20:17.806
so then it can have a longer
range,

00:20:18.039 --> 00:20:20.508
makes us less
dependent on supply chains,

00:20:20.508 --> 00:20:23.812
which makes it cheaper
initially for us to build,

00:20:24.045 --> 00:20:26.982
for the consumer to buy,
and then over the life

00:20:26.982 --> 00:20:29.317
cycle of the vehicle
when you're maintaining it.

00:20:29.684 --> 00:20:32.320
If you want to control supply
chain, you do two things.

00:20:32.787 --> 00:20:36.625
You you create minimalism
with maximum functionality.

00:20:37.092 --> 00:20:38.693
You make it last long.

00:20:39.794 --> 00:20:42.764
You make it reusable because
it's built for the second owner.

00:20:42.998 --> 00:20:43.765
We're thinking

00:20:44.132 --> 00:20:46.301
as if our warranty coverage
is in that second owner.

00:20:47.302 --> 00:20:51.506
The battery pack is our own made
in house proprietary design.

00:20:51.506 --> 00:20:56.177
But the cells themselves are
from Panasonic, 21700 cells.

00:20:56.478 --> 00:20:57.279
However,

00:20:57.279 --> 00:21:01.316
the battery pack is cell
agnostic and it's very modular.

00:21:01.316 --> 00:21:03.852
So as battery technology
improves,

00:21:04.552 --> 00:21:07.055
we can change the cells
and keep up to date

00:21:07.055 --> 00:21:09.257
and have the latest
and the greatest.

00:21:09.257 --> 00:21:10.992
Today you have a problem
with the battery,

00:21:10.992 --> 00:21:12.861
you got to change
the whole battery.

00:21:12.861 --> 00:21:17.165
Maybe one of the packs goes bad
and there's now new technology.

00:21:17.165 --> 00:21:18.333
You can replace that pack

00:21:18.333 --> 00:21:20.669
with the new technology,
it will work with the rest. Why?

00:21:20.702 --> 00:21:22.437
Because we upgrade the software.

00:21:22.437 --> 00:21:25.206
Maybe the battery still
has life, but the density is up.

00:21:25.273 --> 00:21:27.309
So you want to increase
range a little bit.

00:21:27.575 --> 00:21:30.478
So maybe you change two packs
instead of all 12.

00:21:31.079 --> 00:21:32.047
That is just different.

00:21:32.047 --> 00:21:33.782
Nobody's doing that
because today,

00:21:33.782 --> 00:21:35.850
you want a new car,
you sell the whole car.

00:21:36.551 --> 00:21:37.152
One of the cool

00:21:37.152 --> 00:21:40.755
things about our vehicles is
they are a mobile charge source.

00:21:41.022 --> 00:21:41.723
If you're ever

00:21:41.723 --> 00:21:45.293
in need of any sort of power,
maybe you have a blackout,

00:21:45.293 --> 00:21:46.027
or you're out

00:21:46.027 --> 00:21:49.397
camping, or an important device
that you need has died.

00:21:49.397 --> 00:21:52.567
You can get that energy back
and charge those devices.

00:21:52.834 --> 00:21:54.903
The car is working for you.

00:21:54.903 --> 00:21:57.772
There's going to be a lot
of demand for electric cars.

00:21:57.806 --> 00:21:59.007
There's a lot of data

00:21:59.007 --> 00:22:02.210
that suggests that there's
this transformation happening.

00:22:02.811 --> 00:22:05.213
100 years ago,
electric cars sold

00:22:05.213 --> 00:22:08.683
more than gas cars until Henry
Ford came and made them cheaper.

00:22:09.684 --> 00:22:11.152
Before, electric cars were

00:22:11.152 --> 00:22:13.521
supposed to be like golf carts
and not fun.

00:22:13.521 --> 00:22:15.523
And that perception has shifted.

00:22:15.523 --> 00:22:18.226
We have to cross that perception
now for range.

00:22:18.893 --> 00:22:23.164
We are reaching this point
where having 200 - 300 plus

00:22:23.164 --> 00:22:24.866
mile of range is becoming

00:22:24.866 --> 00:22:26.234
the industry standard

00:22:26.234 --> 00:22:27.936
and charging your cars
in 15 - 20 minutes

00:22:27.936 --> 00:22:30.505
is becoming an industry
standard.

00:22:30.505 --> 00:22:32.240
And the charging network

00:22:32.240 --> 00:22:35.110
that is being built across
America is going to help.

00:22:36.010 --> 00:22:39.013
And so all these pieces coming
together, is definitely going

00:22:39.013 --> 00:22:41.149
to allow that shift
to electrification.

00:22:42.784 --> 00:22:45.487
I think the difference between
us and others

00:22:46.454 --> 00:22:48.523
is we actually build

00:22:48.523 --> 00:22:51.226
a vehicle in America,
which is it's parts.

00:22:51.960 --> 00:22:54.062
When we don't,
it's in allied nations,

00:22:54.062 --> 00:22:56.664
but we're always
searching to bring it here.

00:22:56.898 --> 00:22:58.700
These cars that we're building

00:22:58.700 --> 00:23:00.935
are made for Americans
by Americans.

00:23:01.302 --> 00:23:02.971
We can manufacture it here.

00:23:02.971 --> 00:23:05.106
We have full control
over that process.

00:23:05.407 --> 00:23:08.276
Most of it
is built in house already.

00:23:08.443 --> 00:23:12.113
And so as we develop
more manufacturing facilities,

00:23:12.313 --> 00:23:15.049
we can do that here
and not offshore.

00:23:15.283 --> 00:23:19.087
And that will bring more
jobs here in America.

00:23:19.888 --> 00:23:20.688
We wanted to build

00:23:20.688 --> 00:23:24.192
a different kind of factory
because we're near Pensacola Dam

00:23:24.659 --> 00:23:27.495
on the border of northwest
Arkansas and eastern Oklahoma.

00:23:27.996 --> 00:23:29.330
It's the first vehicle

00:23:29.330 --> 00:23:32.300
where the factory
is powered by renewable energy.

00:23:32.534 --> 00:23:35.603
This mission
to get these efficient cars

00:23:35.603 --> 00:23:39.374
on the road for everybody,
making the planet better.

00:23:39.707 --> 00:23:40.642
It's a group effort.

00:23:40.642 --> 00:23:42.343
It's not one or two people.

00:23:42.343 --> 00:23:45.313
We do see quite a few younger
folks that come in

00:23:45.647 --> 00:23:48.283
and want to be part
of this transition.

00:23:48.583 --> 00:23:51.286
That this can make a larger
change, just makes me feel

00:23:51.553 --> 00:23:54.689
really happy and grateful
to be a part of this, because

00:23:55.256 --> 00:23:55.723
being able

00:23:55.723 --> 00:23:59.060
to care about your environment
and making sustainable choices

00:23:59.327 --> 00:24:01.062
isn't just a luxury,
but something that

00:24:01.062 --> 00:24:03.064
everyone should be able to do.

00:24:03.064 --> 00:24:06.401
We're delivering products
in a manner that's sustainable,

00:24:07.068 --> 00:24:10.205
without compromising
the environment,

00:24:10.738 --> 00:24:13.141
and with the mission
of leaving the planet

00:24:13.141 --> 00:24:15.210
in a better place
than we found it.

00:24:15.210 --> 00:24:18.480
By Canoo creating an affordable
electric vehicle,

00:24:18.913 --> 00:24:21.816
a lot more people will realize
that this is an option

00:24:21.816 --> 00:24:25.453
that they can have and take part
in sustainable mobility

00:24:25.453 --> 00:24:28.490
and be proud of their vehicle
and know that they're reducing

00:24:28.490 --> 00:24:29.891
their carbon footprint.

00:24:29.891 --> 00:24:33.862
And as more people realize that
this is an option that they can

00:24:33.862 --> 00:24:37.265
participate in, more people
will get an electric vehicle

00:24:37.465 --> 00:24:38.633
and then

00:24:38.633 --> 00:24:41.369
as more EVs are on the road,
then we'll have

00:24:41.369 --> 00:24:42.971
more infrastructure for EVs.

00:24:42.971 --> 00:24:44.572
They'll be more charging ports,

00:24:44.572 --> 00:24:47.442
they'll be more research
in battery technology,

00:24:47.442 --> 00:24:49.777
which will just make
the EVs better, which then

00:24:49.777 --> 00:24:51.579
just make more people get them.

00:24:51.579 --> 00:24:55.250
And we can all kind of start
this electrification revolution.

00:26:05.905 --> 00:26:08.574
On the surface we're
an electric vehicle speed shop.

00:26:08.574 --> 00:26:09.842
I think what we do in

00:26:09.842 --> 00:26:12.678
general is just celebrate automotive culture.

00:26:12.945 --> 00:26:15.715
And what we're trying to do really is to save cars

00:26:16.115 --> 00:26:19.752
for the sake of the hot
rod and automotive community

00:26:20.019 --> 00:26:21.654
and making exciting

00:26:21.654 --> 00:26:24.357
and acceptable the transition
to sustainable fuels.

00:26:24.791 --> 00:26:25.525
In our shop,

00:26:25.525 --> 00:26:26.659
we have converted a wide

00:26:26.659 --> 00:26:29.695
variety of cars from sports cars
like the old Deloreans

00:26:29.695 --> 00:26:33.633
and Porsches to Volkswagen bus
to classic pickup

00:26:33.633 --> 00:26:35.134
trucks and muscle cars.

00:26:35.134 --> 00:26:37.503
And if you walk through our shop
and you look around,

00:26:37.503 --> 00:26:39.205
you'll notice the average age

00:26:39.205 --> 00:26:41.774
of the vehicles in our shop
is about 50 years old.

00:26:42.175 --> 00:26:45.378
So these cars have already
served a very good purpose,

00:26:45.745 --> 00:26:47.680
but they're not done yet,

00:26:47.680 --> 00:26:49.082
and I don't want to tell them
they're done.

00:26:49.082 --> 00:26:52.819
I want to provide an
extension of their usability.

00:26:54.053 --> 00:26:57.623
The classic
cars are the low hanging fruit.

00:26:57.623 --> 00:26:59.692
They're polluting the most.

00:26:59.692 --> 00:27:01.794
They're beloved

00:27:01.794 --> 00:27:02.829
and they're the ones

00:27:02.829 --> 00:27:05.131
that we want to keep on the road
the longest.

00:27:05.131 --> 00:27:08.134
So I think it's important
to note that these vehicles

00:27:08.134 --> 00:27:10.837
to be driven indefinitely
have to be converted.

00:27:12.071 --> 00:27:14.040
We're not going to run
out of gas in our lifetime,

00:27:14.040 --> 00:27:14.574
but there's going to

00:27:14.574 --> 00:27:17.410
become a point where it becomes
economically unviable,

00:27:18.311 --> 00:27:20.813
which is essentially running out

00:27:20.813 --> 00:27:21.481
. When we do an

00:27:21.481 --> 00:27:23.783
electric vehicle conversion,
we generally pull out

00:27:23.783 --> 00:27:25.451
all the dirty bits,

00:27:25.451 --> 00:27:28.988
you know, the gas tank,
the exhaust system,

00:27:29.589 --> 00:27:31.757
typically
a lot of the coolant system,

00:27:31.757 --> 00:27:34.260
of course, the engine
and sometimes the transmission.

00:27:34.527 --> 00:27:38.131
So it really frees up
a lot of space.

00:27:40.399 --> 00:27:42.135
Salvage car recycling,
as we call it,

00:27:42.135 --> 00:27:44.303
is one of the most
rewarding things because

00:27:44.303 --> 00:27:46.239
it's kind of that chocolate
and peanut butter moment.

00:27:46.239 --> 00:27:47.406
You have a brand new Tesla

00:27:47.406 --> 00:27:48.574
with some of the latest,

00:27:48.574 --> 00:27:51.277
greatest technology
in the drive train.

00:27:51.277 --> 00:27:53.246
And then you have a vintage car,

00:27:53.246 --> 00:27:55.815
which is very beloved
and very much priceless,

00:27:55.815 --> 00:27:59.485
but it has very antiquated
drive train technology.

00:27:59.752 --> 00:28:02.321
So by taking the Tesla
technology

00:28:02.321 --> 00:28:03.489
and putting it in a vintage car,

00:28:03.489 --> 00:28:05.625
you're really getting
the best of both worlds.

00:28:06.392 --> 00:28:08.728
I love the performance
increase of an electric

00:28:08.728 --> 00:28:10.163
vehicle conversion.

00:28:10.163 --> 00:28:13.432
We make it a point to make sure
that every converted

00:28:13.432 --> 00:28:15.801
car goes out with more
power than it came in with.

00:28:16.802 --> 00:28:18.037
You get beautiful

00:28:18.037 --> 00:28:20.573
classic design
and you know, all the handsome

00:28:20.573 --> 00:28:24.877
looks of the silver
haired gentleman with the energy

00:28:25.344 --> 00:28:27.013
of a three year old.

00:28:30.583 --> 00:28:31.884
California's very progressive.

00:28:31.884 --> 00:28:33.953
We now have a law on the books
in 2035

00:28:33.953 --> 00:28:37.356
for all new vehicles sold,
they're going to be sustainable.

00:28:38.090 --> 00:28:42.562
We're at a point right now today
where 2% of the vehicles on

00:28:42.562 --> 00:28:47.567
the road are electric
and we have 98% to go.

00:28:48.100 --> 00:28:51.704
We're going to become renewable
and sustainable.

00:28:52.638 --> 00:28:54.006
We have to.

00:28:54.006 --> 00:28:56.442
There is no alternative.

00:28:56.442 --> 00:28:59.612
And you're going to see more
and more regulations coming.

00:28:59.612 --> 00:29:03.216
So I think by opening up
to converting

00:29:03.449 --> 00:29:05.985
the vehicles to electric
and sustainable fuels

00:29:06.652 --> 00:29:09.555
it prepares them for this
before the inevitable.

00:29:09.822 --> 00:29:10.489
Right.

00:29:11.290 --> 00:29:13.893
If you go all the way back
and you look in 2006

00:29:13.893 --> 00:29:17.196
when Elon Musk actually wrote
the mission statement for Tesla,

00:29:17.763 --> 00:29:19.599
it's to create
a sustainable economy.

00:29:19.599 --> 00:29:21.434
It had nothing to do
with vehicles.

00:29:21.434 --> 00:29:22.635
He believed that we were going

00:29:22.635 --> 00:29:25.705
to crash our entire economy
just by running out of fuel.

00:29:26.105 --> 00:29:29.542
So you look at what we want
and it's a sustainable economy,

00:29:29.542 --> 00:29:31.344
sustainable transportation

00:29:31.344 --> 00:29:32.979
and a lot of this stuff
starts at home

00:29:32.979 --> 00:29:34.146
where you can charge

00:29:34.146 --> 00:29:34.914
your own vehicles

00:29:34.914 --> 00:29:38.084
at home and be responsible
for your own transportation.

00:29:38.784 --> 00:29:40.786
So we're actually
working towards a solution

00:29:42.788 --> 00:29:43.222
I've always

00:29:43.222 --> 00:29:46.225
been a car person my whole life.

00:29:46.225 --> 00:29:46.492
You know,

00:29:46.492 --> 00:29:50.863
my dad was very much into cars
and shared that love with me.

00:29:52.465 --> 00:29:55.334
I can remember the first time
I changed a motor

00:29:55.334 --> 00:29:57.270
or a transmission,

00:29:57.270 --> 00:29:59.338
the first time
I pulled a head off an engine.

00:29:59.772 --> 00:30:01.307
All of these things
through my life

00:30:01.307 --> 00:30:04.744
that gave me such a love
for automotive

00:30:04.744 --> 00:30:08.047
and for drive systems
and engineering.

00:30:08.347 --> 00:30:12.351
It wasn't one
impetus to start EV West.

00:30:12.351 --> 00:30:16.789
It was a result of myself
and some friends racing cars

00:30:16.789 --> 00:30:17.423
as a hobby.

00:30:17.757 --> 00:30:19.458
It was where we were spending
our free time.

00:30:19.458 --> 00:30:24.130
And after about
six years of amateur car racing,

00:30:24.130 --> 00:30:25.464
I decided that
I wanted something

00:30:25.464 --> 00:30:28.801
more challenging and something
that was more cerebral

00:30:29.335 --> 00:30:31.737
and decided
to build an electric car

00:30:31.737 --> 00:30:35.374
and race it up the hillside
in Colorado at Pikes Peak.

00:30:35.374 --> 00:30:39.645
And realizing that all of this
power and all of this enjoyment

00:30:40.046 --> 00:30:42.114
that I've always known in
auto racing

00:30:42.114 --> 00:30:43.816
is now coming from the sun.

00:30:43.816 --> 00:30:45.951
We charged our packs on solar.

00:30:45.951 --> 00:30:48.254
And so
we ran a sustainable program.

00:30:49.455 --> 00:30:50.990
We did
better than we thought we did

00:30:50.990 --> 00:30:52.725
and that's always
really surprising.

00:30:52.725 --> 00:30:56.495
And after that race, realizing
how well

00:30:56.495 --> 00:30:59.198
we had done
with this new technology,

00:30:59.732 --> 00:31:01.434
at that point
that I really felt like

00:31:01.434 --> 00:31:03.569
this is probably going
to be my future now.

00:31:03.569 --> 00:31:04.904
So I hope to

00:31:04.904 --> 00:31:07.673
be racing up the hillside
for as long as the sun shines.

00:31:09.075 --> 00:31:10.343
Love for engineering

00:31:10.343 --> 00:31:12.478
and electric vehicles
in our shop

00:31:12.478 --> 00:31:14.513
gives us
an immense sense of pride.

00:31:14.513 --> 00:31:16.615
And I've got interns
that worked in our shop

00:31:16.615 --> 00:31:17.516
that are working for Tesla

00:31:17.516 --> 00:31:19.919
right now,
that are working for Rivian

00:31:19.919 --> 00:31:22.455
and several other electric
vehicle companies and battery

00:31:22.455 --> 00:31:24.857
manufacturers, things like that.

00:31:29.295 --> 00:31:31.063
This is the perfect place
to come to learn

00:31:31.063 --> 00:31:34.200
all about electrical
engineering, sustainability,

00:31:35.201 --> 00:31:37.203
electric vehicles. Everything.

00:31:37.703 --> 00:31:39.939
Life is a training ground
for kids,

00:31:39.939 --> 00:31:42.475
and you just have to make it
exciting for them.

00:31:42.475 --> 00:31:45.211
The EV Learning Center
is a great place for kids

00:31:45.211 --> 00:31:46.879
to come and expand
their education

00:31:46.879 --> 00:31:49.014
in science, technology,
engineering and math.

00:31:49.548 --> 00:31:52.885
The school provides
an opportunity for programs and

00:31:52.885 --> 00:31:54.253
activities

00:31:54.253 --> 00:31:57.089
that are highly educational,
but the students don't

00:31:57.089 --> 00:31:58.758
necessarily see them that way.

00:31:58.758 --> 00:32:01.627
They see it as a project
or them building something.

00:32:02.294 --> 00:32:04.630
So these are Tesla battery cells

00:32:04.630 --> 00:32:07.466
that we took apart
from the Tesla battery packs

00:32:08.000 --> 00:32:10.503
and we create recycled
battery packs used,

00:32:10.736 --> 00:32:12.605
all with recycled batteries.

00:32:12.605 --> 00:32:14.807
And then we use
those battery packs to then

00:32:15.274 --> 00:32:17.943
power
the fun toys that we have here.

00:32:18.778 --> 00:32:21.013
So we're teaching them
the skills to take, you know,

00:32:21.013 --> 00:32:23.816
perfectly working products,
recycling them

00:32:23.816 --> 00:32:26.118
and repairing products
that weren't working.

00:32:26.118 --> 00:32:27.052
In the real world,.

00:32:27.052 --> 00:32:28.421
when they go out into work,

00:32:28.421 --> 00:32:30.923
they're not going to be given
assignments, they're going to be

00:32:30.923 --> 00:32:31.757
doing things.

00:32:31.757 --> 00:32:32.525
And if they're going to be

00:32:32.525 --> 00:32:33.025
engineers,

00:32:33.025 --> 00:32:33.392
they're going to be

00:32:33.392 --> 00:32:34.059
building things.

00:32:34.059 --> 00:32:34.794
So you want to give them

00:32:34.794 --> 00:32:36.729
a little bit
of an example of that.

00:32:36.729 --> 00:32:39.231
One of the most rewarding things
is seeing them

00:32:40.132 --> 00:32:43.169
actually figuring something out,
actually fixing something

00:32:43.803 --> 00:32:47.706
and seeing that moment
where they achieved it.

00:32:47.973 --> 00:32:51.510
And through that,
they are more confident

00:32:51.510 --> 00:32:53.012
and more sure of themselves.

00:32:53.012 --> 00:32:55.314
And they're excited to do it
again.

00:32:55.314 --> 00:32:57.483
Built
two of my own scooters in here.

00:32:57.483 --> 00:33:02.254
I bought them broken on Offer Up
for like 50 bucks.

00:33:02.254 --> 00:33:02.922
I think.

00:33:02.922 --> 00:33:05.825
I think more important
than teaching the kids

00:33:05.825 --> 00:33:08.194
to recycle
is teaching them to reuse

00:33:09.128 --> 00:33:11.030
because that's more important
than recycling in the

00:33:11.030 --> 00:33:11.664
first place.

00:33:13.065 --> 00:33:16.268
Currently, all signs point
to a more technical future.

00:33:16.602 --> 00:33:19.205
So if we're not preparing
our children for that,

00:33:19.672 --> 00:33:21.740
then we're
being slightly irresponsible.

00:33:23.275 --> 00:33:24.443
We made it to Bonneville.

00:33:24.443 --> 00:33:26.745
We're here,
we're on the salt. It's amazing.

00:33:27.279 --> 00:33:28.747
Can't believe it.

00:33:28.747 --> 00:33:30.349
So last year
we went to Bonneville

00:33:30.349 --> 00:33:33.185
Salt Flats,
we were able to set a record.

00:33:33.185 --> 00:33:35.788
We took an electric
car called the Electraliner.

00:33:36.188 --> 00:33:38.891
Our official two way record,
because you have to make two

00:33:38.891 --> 00:33:43.095
passes, was 229 miles an hour,
and the car reached

00:33:43.095 --> 00:33:46.265
a max
speed of 242 miles an hour.

00:33:46.565 --> 00:33:49.101
This is the future land
speed doing some electric.

00:33:49.101 --> 00:33:49.969
Thanks again Tier 4 Solar

00:33:49.969 --> 00:33:52.972
for bringing the panels out here
and keeping our keeping

00:33:52.972 --> 00:33:54.773
all our batteries
topped off all weekend long.

00:33:54.773 --> 00:33:56.275
And we were the only vehicle

00:33:56.275 --> 00:33:58.143
at Bonneville
this year that was putting fuel

00:33:58.143 --> 00:34:00.212
in their car
that was created on the salt.

00:34:00.212 --> 00:34:01.614
It's very rewarding.

00:34:01.614 --> 00:34:04.850
So what we're going after
is the world record.

00:34:04.850 --> 00:34:06.285
It's a bit
faster than the record

00:34:06.285 --> 00:34:08.387
in the United States,
but we want to hold the world

00:34:08.387 --> 00:34:10.456
record for the fastest
electric vehicle,

00:34:10.456 --> 00:34:12.691
which is currently 341
miles an hour.

00:34:13.025 --> 00:34:14.627
I told the president of the

00:34:14.627 --> 00:34:16.762
SCTA,
the Bonneville sanctioning body,

00:34:16.762 --> 00:34:19.064
my goal here is to not do this
alone next year.

00:34:19.698 --> 00:34:21.233
And this last year
we went out there

00:34:21.233 --> 00:34:23.068
and there was three
electric vehicle teams.

00:34:23.068 --> 00:34:26.005
So we inspired some people,
and I think we're going to see

00:34:26.005 --> 00:34:28.307
this trend
just continue for years to come.

00:34:29.041 --> 00:34:32.177
I think for us, we're not so
focused on breaking the record

00:34:32.177 --> 00:34:35.981
as much as we're focused
on inspiring people

00:34:35.981 --> 00:34:38.784
to break the record, and nothing
would make us happier.

00:34:42.221 --> 00:34:44.924
To us the future
is extremely exciting and bright

00:34:44.924 --> 00:34:47.226
because we're really just
in the first inning

00:34:47.793 --> 00:34:49.028
of the ballgame right now.

00:34:49.028 --> 00:34:50.863
This is just beginning,

00:34:50.863 --> 00:34:52.831
and it's
going to be very exciting

00:34:52.831 --> 00:34:54.300
to see how our transition

00:34:54.300 --> 00:34:56.902
to sustainable fuels
and a sustainable economy

00:34:57.202 --> 00:34:59.138
plays out
over the next couple of decades.

00:34:59.138 --> 00:35:01.073
It's going to
be really, really exciting.

00:35:52.355 --> 00:35:55.325
There's 600 million

00:35:55.325 --> 00:35:58.661
farms in the world.

00:35:58.661 --> 00:36:01.531
There's 25 million tractors
in the world.

00:36:03.299 --> 00:36:06.235
That means that there's millions
of potential customers

00:36:06.235 --> 00:36:09.172
for electric tractors

00:36:12.342 --> 00:36:13.943
Agriculture emits

00:36:13.943 --> 00:36:18.214
from 8 to 14% of CO2 emissions.

00:36:18.514 --> 00:36:21.117
With diesel tractors
you turn it on in the morning

00:36:21.551 --> 00:36:24.654
and you shut it off at night and
the whole day it's polluting.

00:36:25.722 --> 00:36:27.757
With the electric tractor,

00:36:27.757 --> 00:36:31.427
it's only using energy
when you're actually doing work.

00:36:31.961 --> 00:36:34.964
Every time you stop,
you're not using any energy.

00:36:35.298 --> 00:36:40.603
Electric motors are 95%
efficient and diesel engines,

00:36:40.603 --> 00:36:44.407
as soon as you turn them on
over 60% of

00:36:44.407 --> 00:36:46.743
the energy is just wasted
as heat.

00:36:46.743 --> 00:36:49.212
You can do more work
with less energy.

00:36:49.579 --> 00:36:51.614
That's the future!

00:36:53.549 --> 00:36:56.085
I grew up in Southern California

00:36:56.552 --> 00:36:58.888
when there was no pollution
control.

00:36:58.888 --> 00:37:02.358
The exhaust coming out
of every tailpipe at that time

00:37:02.358 --> 00:37:06.295
was black exhaust
and it just hung in the air.

00:37:06.295 --> 00:37:10.400
The smog would be
just right down at ground level.

00:37:10.400 --> 00:37:11.467
Growing up

00:37:11.467 --> 00:37:13.069
there was sometimes
when you couldn't

00:37:13.069 --> 00:37:16.406
see across the street because
the pollution was so thick.

00:37:17.039 --> 00:37:21.077
In junior high,
I ran track and cross country

00:37:21.077 --> 00:37:24.814
and my lungs would burn
when I breathed.

00:37:24.814 --> 00:37:25.982
They're damaged

00:37:25.982 --> 00:37:28.818
during that time,
so I had an introduction

00:37:28.818 --> 00:37:32.889
to the problems with burning
fossil fuel at a very young age.

00:37:33.523 --> 00:37:36.993
And so I dedicated my life
to finding alternatives,

00:37:36.993 --> 00:37:38.628
to burning fossil fuel.

00:37:38.628 --> 00:37:40.897
And I've
been on that path ever since.

00:37:43.566 --> 00:37:44.367
When the

00:37:44.367 --> 00:37:47.437
zero emission
mandate came out in 1990,

00:37:48.371 --> 00:37:52.608
that's when I decided that
I wanted to build electric cars.

00:37:52.608 --> 00:37:55.545
I started building
electric Porsche spiders.

00:37:55.978 --> 00:38:00.216
I would have to put this
half a ton of lead

00:38:00.216 --> 00:38:04.754
in this thousand pound,
beautiful little Porsche.

00:38:04.754 --> 00:38:06.656
The battery weight
was ridiculous.

00:38:06.656 --> 00:38:08.925
And then I was
at the county fair.

00:38:09.292 --> 00:38:12.895
I saw this tractor
with a forklift on the front

00:38:13.429 --> 00:38:17.366
and this cubic yard of cement
on the back

00:38:17.967 --> 00:38:22.038
to balance the weight that
they were using on the forklift.

00:38:22.038 --> 00:38:24.140
And this light bulb came on
and said

00:38:25.374 --> 00:38:27.710
tractors are the perfect
electric vehicle.

00:38:27.710 --> 00:38:31.347
I'm gonna start building tractors

00:38:33.816 --> 00:38:34.650
The instant

00:38:34.650 --> 00:38:35.852
availability of torque

00:38:35.852 --> 00:38:37.220
is really important
for a tractor

00:38:37.220 --> 00:38:40.089
because we're towing
and moving really heavy loads.

00:38:40.089 --> 00:38:43.392
That's what's needed in tractors
even more than cars.

00:38:43.392 --> 00:38:48.097
It's fun in cars,
but tractors need torque.

00:38:48.097 --> 00:38:49.699
That's what they're all about.

00:38:49.699 --> 00:38:52.935
With an electric motor,
our full torque is available

00:38:52.935 --> 00:38:56.672
at zero RPM,
so you can go extremely slowly.

00:38:57.206 --> 00:39:00.877
Tractors often operate between
zero and five miles per hour,

00:39:01.310 --> 00:39:04.447
and with a diesel tractor,
you would have to rev up

00:39:04.447 --> 00:39:07.016
and then gear down
to reach that speed.

00:39:07.416 --> 00:39:09.552
And it would still be having
a hard time.

00:39:09.552 --> 00:39:13.289
With an electric tractor
you can crawl at a 10th

00:39:13.289 --> 00:39:14.557
of a mile per hour.

00:39:14.557 --> 00:39:15.157
We can pop a

00:39:15.157 --> 00:39:18.594
wheelie in these tractors
if we really push the motors.

00:39:18.594 --> 00:39:19.996
It's amazing to people.

00:39:19.996 --> 00:39:22.298
You can totally turn them
around.

00:39:22.298 --> 00:39:24.800
The biggest skeptic in the world

00:39:24.800 --> 00:39:27.970
and take this electric tractor
out and do a tractor pull,

00:39:28.271 --> 00:39:32.775
and all of a sudden go,
wow, that has power.

00:39:32.775 --> 00:39:36.379
There's smoke coming out,
belching out of the exhaust

00:39:36.379 --> 00:39:40.283
pipes and the electrics
just quietly pulling it away.

00:39:46.989 --> 00:39:49.325
You could
have an electric tractor

00:39:50.293 --> 00:39:52.428
and a solar array

00:39:52.428 --> 00:39:57.066
and plop that down anywhere
in the world and be farming

00:39:57.066 --> 00:40:01.103
for 25 to 50 years
without any outside input.

00:40:01.604 --> 00:40:04.206
No oil infrastructure at all.

00:40:04.507 --> 00:40:05.975
No pollution.

00:40:05.975 --> 00:40:08.077
Very little noise.

00:40:08.077 --> 00:40:11.280
A tractor
can turn you into a Superman.

00:40:12.248 --> 00:40:14.483
You can do 20 times the work

00:40:14.917 --> 00:40:17.453
with a tractor
that you can with a shovel.

00:40:18.054 --> 00:40:21.424
What this means
is that one person

00:40:22.458 --> 00:40:26.062
in these communities
could grow food

00:40:26.062 --> 00:40:30.666
for maybe ten families
instead of barely getting by.

00:40:30.967 --> 00:40:34.904
Sun is so prevalent
in all these places

00:40:34.904 --> 00:40:37.139
where
these people are struggling.

00:40:37.139 --> 00:40:41.043
So that is what the potential of
this is.

00:40:41.043 --> 00:40:45.615
It's the potential
to give food security

00:40:46.248 --> 00:40:49.585
to everyone
who has access to sunshine.

00:40:50.186 --> 00:40:52.355
I hope that this will change
more than agriculture.

00:40:52.355 --> 00:40:55.625
Not only is the tractor
a farming vehicle,

00:40:55.625 --> 00:40:57.226
but it's also a utility vehicle.

00:40:57.226 --> 00:40:59.595
It could tow vehicles
and objects.

00:40:59.962 --> 00:41:01.697
Let's say there's a well.

00:41:01.697 --> 00:41:02.865
And rather than having

00:41:02.865 --> 00:41:05.234
a specific motor for that
well in the village,

00:41:05.668 --> 00:41:07.837
you just hook up the rear
of your tractor to that pump.

00:41:08.671 --> 00:41:10.339
It's also
an energy storage device.

00:41:10.339 --> 00:41:12.441
We have a very large battery
on our tractor,

00:41:12.908 --> 00:41:15.878
and you could power a TV
and lights

00:41:15.878 --> 00:41:16.912
and an Internet connection.

00:41:16.912 --> 00:41:18.848
We could really make
a big difference

00:41:18.848 --> 00:41:20.683
in people's
lives in developing countries.

00:41:27.456 --> 00:41:27.990
As a senior

00:41:27.990 --> 00:41:31.093
product engineer, I am in charge
of the product itself.

00:41:31.093 --> 00:41:32.628
I make a lot of measurements

00:41:32.628 --> 00:41:36.065
and drawings
as well as writing programs.

00:41:36.065 --> 00:41:38.634
I make sure that all the systems
are talking to each other.

00:41:38.634 --> 00:41:41.203
I'm constantly imagining
how can I do this differently?

00:41:41.203 --> 00:41:43.606
How can I do that
better on an electric vehicle?

00:41:47.910 --> 00:41:50.513
The tractors themselves produce
zero emissions.

00:41:50.980 --> 00:41:53.549
You won't have diesel
spraying everywhere

00:41:53.549 --> 00:41:54.750
or leaking onto the ground.

00:41:54.750 --> 00:41:57.553
We completely eliminate
the problem

00:41:57.553 --> 00:42:00.589
of agricultural emissions
at the field itself.

00:42:01.590 --> 00:42:03.726
When you work next
to a diesel tractor,

00:42:03.726 --> 00:42:07.496
you'll get pretty nauseous
after half an hour or an hour.

00:42:07.897 --> 00:42:08.898
With an electric tractor,

00:42:08.898 --> 00:42:11.267
there are no fumes
and no exhaust.

00:42:11.600 --> 00:42:11.934
You can

00:42:11.934 --> 00:42:14.804
talk around an electric tractor,
whereas on a diesel tractor

00:42:15.171 --> 00:42:17.406
you couldn't possibly
hear people around you.

00:42:17.406 --> 00:42:19.008
You have to wear headphones.

00:42:19.008 --> 00:42:20.643
We're looking at installing

00:42:20.643 --> 00:42:24.346
the first outdoor
stereo system on a tractor

00:42:24.346 --> 00:42:26.649
because
it's quieter than a Prius,

00:42:26.649 --> 00:42:30.119
and we can put speakers
on the tractor

00:42:30.119 --> 00:42:31.754
without even having a cab.

00:42:31.754 --> 00:42:34.056
We're going to drive the first
D-70.

00:42:34.056 --> 00:42:37.426
It's so quiet.
I can listen to my tunes.

00:42:51.340 --> 00:42:54.577
So with our ability to update
the software on the tractor,

00:42:54.577 --> 00:42:57.780
we can incrementally improve
the function for different uses.

00:42:57.780 --> 00:43:00.449
Currently, our tractors
are fully manually operated

00:43:00.916 --> 00:43:04.086
but the long term goal
is to be able to remote control

00:43:04.086 --> 00:43:06.922
a vehicle
from the comfort of your couch.

00:43:07.590 --> 00:43:09.625
You might not
even be in the same country.

00:43:09.625 --> 00:43:12.561
Because we have a tractor
that you can remote control,

00:43:12.561 --> 00:43:15.798
you should be able
to steer the tractor and manage

00:43:15.798 --> 00:43:19.802
your implements and pick fruit
from a thousand miles away.

00:43:20.069 --> 00:43:22.571
Steer by wire, remote control.

00:43:23.105 --> 00:43:26.075
All those things are going to be
really important to do things

00:43:26.075 --> 00:43:28.811
like run your tractor
through the field one time

00:43:29.145 --> 00:43:33.716
and you're hooked up to the GPS
and it'll recreate that

00:43:33.716 --> 00:43:37.219
route, exactly,
time after time after time.

00:43:40.823 --> 00:43:42.358
The biggest challenge

00:43:42.358 --> 00:43:47.196
we're facing right now is
how to make an electric tractor

00:43:47.196 --> 00:43:50.366
that is equivalent in people's
minds to a diesel tractor.

00:43:50.666 --> 00:43:53.803
When I first started,
none of the big tractor

00:43:53.803 --> 00:43:56.438
manufacturers were interested
at all.

00:43:56.438 --> 00:43:59.175
Most of their business
is building diesel engines.

00:43:59.175 --> 00:44:01.710
It's really hard for them
to make the transition.

00:44:02.077 --> 00:44:05.981
And by nature, most farmers
are pretty conservative,

00:44:06.382 --> 00:44:07.349
in a good way.

00:44:07.349 --> 00:44:10.553
They're conservationists
but they're also

00:44:10.553 --> 00:44:12.755
very set in their ways.  Like

00:44:12.755 --> 00:44:16.392
if they've driven a John Deere
they're a John Deere farmer,

00:44:16.392 --> 00:44:17.827
they're tied to that.

00:44:17.827 --> 00:44:20.362
Farm equipment
lasts a very, very long time.

00:44:20.729 --> 00:44:24.166
There are still tractors from
the 1940's and 50's operating

00:44:24.166 --> 00:44:25.935
in commercial applications.

00:44:25.935 --> 00:44:27.636
Basically, we need to wait
for those tractors

00:44:27.636 --> 00:44:29.805
to break down
before people even consider

00:44:29.805 --> 00:44:32.074
purchasing
a new electric tractor.

00:44:35.344 --> 00:44:38.047
At this point, batteries costs
more than we would like.

00:44:38.047 --> 00:44:40.316
That drives up
the cost of the vehicle.

00:44:40.316 --> 00:44:43.586
Half the costs of the tractor
is the battery,

00:44:44.353 --> 00:44:47.089
and the cost of batteries
is dropping.

00:44:47.556 --> 00:44:50.226
They're becoming more efficient.

00:44:50.526 --> 00:44:55.564
When we get into mass production
and we get the price down

00:44:56.065 --> 00:44:59.635
equal or below
the price of a diesel tractor,

00:45:00.069 --> 00:45:01.837
there's going to be no question.

00:45:01.837 --> 00:45:03.405
(Nicolas) We're going to
run out of fuel.

00:45:03.405 --> 00:45:04.640
That's just a fact.

00:45:04.640 --> 00:45:08.177
The price of gas can change
drastically and without warning.

00:45:08.611 --> 00:45:12.014
So if you're a farmer,
then that completely changes

00:45:12.014 --> 00:45:12.781
your profit.

00:45:12.781 --> 00:45:15.718
You instantly make less money
when gas gets more expensive.

00:45:15.718 --> 00:45:16.986
With an electric tractor

00:45:16.986 --> 00:45:18.220
you have a peace of mind

00:45:18.220 --> 00:45:21.123
that there will always be
electric power available to you.

00:45:21.123 --> 00:45:25.494
The fuel on electric
is like one third to one

00:45:25.494 --> 00:45:29.865
fifth, the cost
of fueling diesel, right now.

00:45:43.145 --> 00:45:45.848
Building electric tractors
is important for me personally

00:45:45.881 --> 00:45:47.983
because I need to do my part

00:45:47.983 --> 00:45:51.787
to make the world
a better place in the future.

00:45:51.787 --> 00:45:54.456
We've seen the way
the Earth is changing around us.

00:45:54.456 --> 00:45:58.327
I've seen the abuse and waste
of resources,

00:45:58.327 --> 00:46:00.896
both human resources
and material resources.

00:46:01.297 --> 00:46:02.631
The world that I grew up in

00:46:02.631 --> 00:46:04.867
will not be the world
that I grow old in.

00:46:06.402 --> 00:46:11.407
What I think Nicolas and other
young engineers can bring to

00:46:11.407 --> 00:46:16.145
this company
is going to allow us to create

00:46:16.145 --> 00:46:19.581
those regenerative machines

00:46:19.581 --> 00:46:22.117
that will allow for the future

00:46:22.117 --> 00:46:24.787
to be better than the past.

00:46:25.387 --> 00:46:26.255
Knowing that I can make

00:46:26.255 --> 00:46:30.125
a difference and individuals
lives in developing countries

00:46:30.125 --> 00:46:33.495
and even developed countries
feels incredible to me.

00:46:33.829 --> 00:46:36.932
I'm extremely
excited to be a part of this,

00:46:37.366 --> 00:46:40.436
and I really look forward
to getting these tractors

00:46:40.436 --> 00:46:42.504
in more people's hands
as fast as possible

00:46:42.504 --> 00:46:45.507
and really make the biggest
difference that we possibly can.

00:46:45.507 --> 00:46:48.811
This gives me
hope that it can be done.

00:46:48.811 --> 00:46:54.183
I can build a tractor that can
be run off the sun directly,

00:46:54.950 --> 00:46:58.420
that can grow food
for the whole community.

00:46:59.688 --> 00:47:02.524
That gives me a lot of hope.

00:48:00.594 --> 00:48:02.329
UP Summit is a

00:48:02.329 --> 00:48:06.333
get together of the top
CEOs, top investors,

00:48:06.333 --> 00:48:07.901
the top policymakers

00:48:07.901 --> 00:48:10.137
focusing on
transportation technologies.

00:48:10.771 --> 00:48:13.040
It's not a convention. It's
not a conference.

00:48:13.040 --> 00:48:15.442
It's not... it's an experience
and it's invite only.

00:48:15.442 --> 00:48:16.677
And you can't pay to be here.

00:48:16.677 --> 00:48:18.245
And we've done that
intentionally

00:48:18.245 --> 00:48:21.548
because we find that
when you have a relatively small

00:48:21.548 --> 00:48:23.050
group of people
getting together,

00:48:23.050 --> 00:48:25.953
they're much more apt to share
information with one another.

00:48:26.253 --> 00:48:28.121
They're willing
to be vulnerable.

00:48:28.121 --> 00:48:28.922
And we think

00:48:28.922 --> 00:48:31.925
that that vulnerability brings
opportunity for collaboration.

00:48:32.693 --> 00:48:35.462
But when we invite folks
to come, we want them to come

00:48:36.096 --> 00:48:37.097
because we think
they're special,

00:48:37.097 --> 00:48:38.932
that they're doing
something unique in the world

00:48:38.932 --> 00:48:41.001
and that those other special

00:48:41.001 --> 00:48:42.469
people doing something
unique in the world

00:48:42.469 --> 00:48:43.904
would benefit
from being around them

00:48:43.904 --> 00:48:45.472
and to create moments

00:48:45.472 --> 00:48:48.175
of inspiration for them
collectively and individually,

00:48:48.175 --> 00:48:51.311
to allow their greatest gifts to
come through with one another.

00:48:51.311 --> 00:48:55.148
On a daily basis,
we are joyful about

00:48:55.148 --> 00:48:58.118
the real impacts
that our companies are having

00:48:58.118 --> 00:48:59.953
through collaborating
with one another on the world.

00:49:04.625 --> 00:49:06.627
There's the community
event that is open to everyone,

00:49:06.627 --> 00:49:09.363
which allows the surrounding
community to come and experience

00:49:09.363 --> 00:49:13.500
all of the demonstrations,
the new types of aircraft

00:49:13.500 --> 00:49:18.739
and ground vehicles, robots,
self-driving trucks,

00:49:18.739 --> 00:49:20.507
hydrogen and electric trucks,

00:49:20.507 --> 00:49:22.442
autonomous construction
equipment

00:49:22.442 --> 00:49:25.879
to really open their eyes
to what's possible

00:49:25.879 --> 00:49:27.314
and what actually is coming,

00:49:27.314 --> 00:49:27.848
what it

00:49:27.848 --> 00:49:29.750
what's
going to change in their lives

00:49:29.750 --> 00:49:31.485
and hopefully to inspire
some kids,

00:49:31.485 --> 00:49:33.887
give them the idea
that there's a lot to do.

00:49:33.887 --> 00:49:36.623
You know we can create
amazing new technologies.

00:49:36.957 --> 00:49:38.692
I hope that other kids

00:49:38.692 --> 00:49:41.561
will look at what we're doing,
look at what the entrepreneurs

00:49:41.561 --> 00:49:43.130
that we're partnered
with are doing

00:49:43.130 --> 00:49:45.933
and be inspired to to go create
something themselves.

00:49:46.633 --> 00:49:51.271
And I love, love seeing
the eyes of children light up

00:49:51.271 --> 00:49:53.740
and see the eyes of grown ups.

00:49:53.740 --> 00:49:58.278
Even those in a later stage
of their lives, go ahhh!

00:49:59.613 --> 00:50:00.714
In the sixties

00:50:00.714 --> 00:50:03.550
when we put a man on the moon
for the first time,

00:50:03.550 --> 00:50:05.886
that was a galvanizing
opportunity

00:50:05.886 --> 00:50:09.690
for the United States
and for the world to think about

00:50:09.690 --> 00:50:11.058
what can we do
when we collaborate?

00:50:11.058 --> 00:50:11.925
What can kids

00:50:11.925 --> 00:50:16.163
do to create new, incredible
technologies and change society?

00:50:16.163 --> 00:50:17.798
We hope that one or two kids

00:50:17.798 --> 00:50:20.467
that came to the Community Day
today will have that inspiration

00:50:20.467 --> 00:50:23.203
or seek an opportunity
to build something amazing.

00:50:27.074 --> 00:50:28.241
As a very young child.

00:50:28.241 --> 00:50:29.876
I grew up right
next to the Santa Monica

00:50:29.876 --> 00:50:31.778
Airport outside Los Angeles.

00:50:31.778 --> 00:50:34.514
And I think
as early as three years old,

00:50:34.514 --> 00:50:36.550
I was just enthralled
with airplanes.

00:50:36.783 --> 00:50:37.951
I used to hang on to the chain

00:50:37.951 --> 00:50:39.119
link fence
at the end of the runway

00:50:39.119 --> 00:50:41.755
and watch airplanes taking off
and landing all day long.

00:50:42.055 --> 00:50:43.056
I remember

00:50:43.056 --> 00:50:45.292
my mom would come and say,
'It's time for dinner.'

00:50:45.292 --> 00:50:47.027
And I'd say
'Just one more airplane.

00:50:47.027 --> 00:50:48.362
I want to see one more
airplane land.'

00:50:48.362 --> 00:50:50.297
And then eventually
she would drive me home

00:50:50.297 --> 00:50:51.331
and we'd eat dinner.

00:50:51.331 --> 00:50:53.900
And when I was ten years old,
I was fortunate

00:50:53.900 --> 00:50:56.436
enough to be able
to take my first flying lesson.

00:50:56.436 --> 00:50:58.238
And I did
odd jobs around the airport

00:50:58.238 --> 00:51:00.640
and eventually became
an aircraft refueler

00:51:00.640 --> 00:51:03.343
and used that to help pay
for flying lessons.

00:51:04.177 --> 00:51:05.345
At age 11,

00:51:05.345 --> 00:51:07.981
I just couldn't stop thinking
and talking about airplanes.

00:51:07.981 --> 00:51:10.684
And then Top Gun showed up
and I'm like, oh, boy,

00:51:10.684 --> 00:51:12.719
this is not going to stop.
We're going to keep going.

00:51:12.719 --> 00:51:14.488
I was able to finally convince
my parents

00:51:14.488 --> 00:51:17.357
to get me a flying lesson
for my 11th birthday.

00:51:18.058 --> 00:51:19.626
Cyrus
and I met also at Santa Monica

00:51:19.626 --> 00:51:22.329
Airport as cadets in the Civil
Air Patrol,

00:51:22.629 --> 00:51:24.765
which is the United States
Air Force auxiliary.

00:51:25.165 --> 00:51:26.400
Sort of like a Boy Scout program

00:51:26.400 --> 00:51:26.967
for kids that

00:51:26.967 --> 00:51:28.301
are interested in aviation.

00:51:28.301 --> 00:51:29.536
The biggest thing
that we got out of

00:51:29.536 --> 00:51:31.805
it was our friendship with one
another.

00:51:31.805 --> 00:51:34.374
Became
best of friends through flight.

00:51:34.941 --> 00:51:37.644
And we really became partners
from then.

00:51:38.011 --> 00:51:39.246
And we did everything together.

00:51:39.246 --> 00:51:41.448
We learned how to fly using
Microsoft Flight Simulator.

00:51:41.681 --> 00:51:43.016
On occasion,
when we had enough money

00:51:43.016 --> 00:51:44.551
taking a flying lesson together.

00:51:44.551 --> 00:51:46.053
We got our license
at 17 together.

00:51:46.053 --> 00:51:47.387
We were two of the youngest
instructors

00:51:47.387 --> 00:51:49.389
and commercial pilots
in the country at 18 together.

00:51:49.389 --> 00:51:51.091
We were ditching class
in high school to go

00:51:51.091 --> 00:51:53.894
teach people
how to fly at the airport.

00:51:53.894 --> 00:51:56.730
We went to college together
at Purdue University in Indiana

00:51:56.730 --> 00:51:58.498
and studied
aeronautical engineering

00:51:58.498 --> 00:51:59.933
and aviation technology.

00:51:59.933 --> 00:52:00.901
And after college,

00:52:00.901 --> 00:52:03.336
we ended up working at
the same startup together.

00:52:03.336 --> 00:52:06.973
Designing, building,
certifying, small business jets.

00:52:06.973 --> 00:52:09.576
After that,
we were 24 years old.

00:52:09.576 --> 00:52:12.012
We had always dreamt
of starting a company together.

00:52:12.012 --> 00:52:14.247
We never really knew
what we wanted to do,

00:52:14.247 --> 00:52:16.216
but we turned
in our resignations.

00:52:16.216 --> 00:52:18.718
We ended up creating an aircraft
management company,

00:52:18.718 --> 00:52:21.621
and after about a year
and a half, we discovered that

00:52:21.621 --> 00:52:22.856
it wasn't really

00:52:22.856 --> 00:52:26.026
the aircraft management part,
that we were really good at.

00:52:26.593 --> 00:52:28.595
What the market really needed
was somebody

00:52:28.595 --> 00:52:29.996
who could really help
these customers

00:52:29.996 --> 00:52:31.231
buy and sell these airplanes.

00:52:31.231 --> 00:52:33.200
So we pivoted the business
into an aircraft sales

00:52:33.200 --> 00:52:36.269
company, and JetAVIVA
has grown into what it is today,

00:52:36.269 --> 00:52:38.305
which is the world's
biggest broker of business jets.

00:52:39.439 --> 00:52:41.641
And the reason I loved selling
airplanes

00:52:41.641 --> 00:52:44.845
was the people we got to work
with were by definition

00:52:44.845 --> 00:52:46.513
some of the most successful
people in the world.

00:52:46.513 --> 00:52:49.816
And here I am in
my early twenties, getting to go

00:52:49.816 --> 00:52:53.820
spend time with these incredibly
brilliant entrepreneurs.

00:52:53.820 --> 00:52:55.288
And it was through that lens.

00:52:55.288 --> 00:52:57.991
We started to see
how many companies were starting

00:52:57.991 --> 00:53:01.294
to be developed around
this new way of using the sky.

00:53:03.463 --> 00:53:07.400
When I started to see drones
and electric vertical takeoff

00:53:07.400 --> 00:53:10.937
and landing aircraft becoming
a reality, I thought to myself,

00:53:10.937 --> 00:53:12.973
the air traffic control system
is not going to scale

00:53:12.973 --> 00:53:14.341
and somebody has to solve that.

00:53:14.341 --> 00:53:16.610
So that's why we set out
to create Airmap.

00:53:16.610 --> 00:53:20.347
And Airmap is a technology
company which built the world's

00:53:20.347 --> 00:53:23.583
leading platform for digital
automated air traffic control.

00:53:24.484 --> 00:53:26.086
And while
I was the CEO of Airmap

00:53:26.086 --> 00:53:26.520
and Cyrus

00:53:26.520 --> 00:53:28.221
was still the CEO of Jet AVIVA,

00:53:28.221 --> 00:53:30.490
we decided to
create the UP Summit.

00:53:30.490 --> 00:53:33.960
So our first UP Summit was held
in a small town in Wyoming

00:53:33.960 --> 00:53:35.562
called Alpine.

00:53:35.562 --> 00:53:37.931
It was co-hosted by the governor
of Wyoming, Matt Mead.

00:53:37.931 --> 00:53:38.465
And we said, hey,

00:53:38.465 --> 00:53:40.400
why don’t we
just get some of these

00:53:40.400 --> 00:53:42.736
global leaders
who are working on this stuff

00:53:42.736 --> 00:53:43.970
together
and just see what happens.

00:53:43.970 --> 00:53:46.039
And the idea of the UP
Summit was to bring together

00:53:46.039 --> 00:53:49.843
the world's leading innovators
that were developing advanced

00:53:49.843 --> 00:53:53.980
aerial mobility,
and find a way to attract them,

00:53:53.980 --> 00:53:56.550
to collaborate,
to build friendships

00:53:56.550 --> 00:53:58.251
and advance the ball

00:53:58.251 --> 00:54:00.654
at an accelerating rate
through cooperation.

00:54:00.654 --> 00:54:04.457
And we brought 40 people,
it was a very small crowd

00:54:04.457 --> 00:54:05.358
from all around the world.

00:54:05.358 --> 00:54:07.160
We had people from Germany
and from Japan

00:54:07.160 --> 00:54:08.595
and from the United States.

00:54:08.595 --> 00:54:11.531
And we didn't really
know what would come of it,

00:54:11.531 --> 00:54:12.732
but it was amazing.

00:54:12.732 --> 00:54:15.001
People created companies
together there.

00:54:15.001 --> 00:54:17.604
Companies were funded
by investors who were there.

00:54:17.871 --> 00:54:19.839
Partnerships were formed
and everybody said,

00:54:19.839 --> 00:54:21.174
This is awesome, do it again.

00:54:21.174 --> 00:54:22.275
So in 2018,

00:54:22.275 --> 00:54:24.377
we collaborated
with the Walton family

00:54:24.377 --> 00:54:26.846
to create the UP
Summit in Bentonville.

00:54:26.846 --> 00:54:31.451
In 2019, we co-hosted our UP
Summit with Ross Perot, Jr.

00:54:31.451 --> 00:54:33.887
and we had about 165
people there. So it's growing.

00:54:33.887 --> 00:54:35.222
Still intimate, but growing.

00:54:35.222 --> 00:54:36.156
President Bush was there.

00:54:36.156 --> 00:54:37.190
We had three governors,

00:54:37.190 --> 00:54:38.458
three former FAA administrators.

00:54:38.458 --> 00:54:39.893
30 companies presented.

00:54:40.193 --> 00:54:42.596
Approximately $500
million was invested

00:54:42.596 --> 00:54:44.497
into those companies
that were present in the room.

00:54:44.497 --> 00:54:46.633
So there were some real tangible
outcomes.

00:54:46.633 --> 00:54:50.604
We recognized that we had
an opportunity to take this from

00:54:50.604 --> 00:54:53.640
an annual event to something
much more sustainable

00:54:53.640 --> 00:54:56.643
and impactful
and create an investment firm

00:54:56.643 --> 00:54:58.945
that would help
curate the opportunities,

00:54:58.945 --> 00:55:01.881
help entrepreneurs
build great businesses

00:55:01.881 --> 00:55:05.085
and find synergies
between these companies,

00:55:05.085 --> 00:55:06.686
allow them to excel,
allow them to grow,

00:55:06.686 --> 00:55:09.956
allow them to make a bigger
impact for more people more quickly.

00:55:10.824 --> 00:55:14.361
In 2020, Cyrus and I partnered
with our third amigo,

00:55:14.361 --> 00:55:15.629
Adam Grosser.

00:55:15.629 --> 00:55:17.163
He has taught us so much.

00:55:17.163 --> 00:55:19.499
We're just humbled to be able
to have him as a partner.

00:55:19.499 --> 00:55:21.601
Together
we're building UP Partners

00:55:21.601 --> 00:55:24.471
to create the preferred
capital partner

00:55:24.471 --> 00:55:27.173
for entrepreneurs,
building businesses

00:55:27.173 --> 00:55:29.142
in the transportation space.

00:55:29.142 --> 00:55:31.745
UP Partners
invests in technology companies

00:55:31.745 --> 00:55:35.081
that help move people and goods,
cleaner, faster, safer,

00:55:35.081 --> 00:55:38.218
lower cost, on the ground,
in the air, on the sea,

00:55:38.218 --> 00:55:41.354
and in space with a mission
to transform the moving world.

00:55:41.721 --> 00:55:43.690
The vast majority of our time
is really spent

00:55:43.690 --> 00:55:45.358
building community,
bringing together

00:55:45.358 --> 00:55:48.528
entrepreneurs, investors,
corporate strategic partners,

00:55:48.528 --> 00:55:50.497
academicians, policymakers.

00:55:50.497 --> 00:55:51.931
We ended up raising about all in

00:55:51.931 --> 00:55:53.500
about $250 million for an

00:55:53.500 --> 00:55:56.503
early stage venture fund
to invest in these companies.

00:55:56.503 --> 00:55:59.606
And I think
what's been really cool

00:55:59.606 --> 00:56:02.842
is this building
an open architecture ecosystem

00:56:02.842 --> 00:56:05.178
where we can get people
in the room together

00:56:05.178 --> 00:56:06.980
that usually wouldn't
be together,

00:56:06.980 --> 00:56:10.083
like the CEO of Walmart
and CEO of an aerospace company.

00:56:10.083 --> 00:56:11.551
They usually wouldn't
have a reason

00:56:11.551 --> 00:56:13.820
to ever have a conversation,
but now they sure do.

00:56:13.820 --> 00:56:15.922
Cross-pollenization
of different mindsets

00:56:15.922 --> 00:56:17.324
and disciplines
is really important.

00:56:17.324 --> 00:56:19.192
And it's not just one person
that can do it.

00:56:19.192 --> 00:56:20.727
Not just one company.

00:56:20.727 --> 00:56:21.761
It's not just one country.

00:56:21.761 --> 00:56:24.664
This is a collective movement

00:56:24.664 --> 00:56:27.500
to change and transform the way

00:56:27.500 --> 00:56:29.002
people and goods move.

00:56:31.137 --> 00:56:33.940
Over the last few years,
you've seen a tremendous

00:56:33.940 --> 00:56:35.475
increase in investment

00:56:35.475 --> 00:56:37.577
in transportation
and mobility technologies.

00:56:37.844 --> 00:56:41.147
Now more than ever,
I think the world sees that

00:56:41.147 --> 00:56:43.983
transportation is the underlying
fabric for society.

00:56:44.317 --> 00:56:47.187
Bentonville
is home to three of the

00:56:47.187 --> 00:56:50.090
country's
biggest companies Walmart,

00:56:50.090 --> 00:56:52.025
J. B. Hunt and Tyson Foods.

00:56:52.025 --> 00:56:53.993
The biggest transportation
and logistics

00:56:53.993 --> 00:56:56.062
companies in the world
are here in Bentonville.

00:56:56.763 --> 00:56:59.199
They're the ones that need
to move things.

00:56:59.632 --> 00:57:01.134
Walmart's, a mobility company,

00:57:01.134 --> 00:57:03.770
moving a couple hundred billion
items a year around the world.

00:57:04.137 --> 00:57:07.707
And so there's this idea
and this vision by over

00:57:07.707 --> 00:57:08.842
the next ten years
that as this world

00:57:08.842 --> 00:57:11.945
continues to change, that
the transformative companies

00:57:11.945 --> 00:57:13.913
that are going to be
part of that

00:57:13.913 --> 00:57:15.515
story are going to be built
here.

00:57:15.515 --> 00:57:18.251
We're seeing,
you know, incredibly exciting

00:57:18.251 --> 00:57:23.690
new commitments from these
major companies that want to be

00:57:23.690 --> 00:57:25.759
on the leading edge
of sustainable transportation.

00:57:26.526 --> 00:57:29.229
Today,
I'm signing an executive order

00:57:29.229 --> 00:57:32.999
to create the Arkansas
Council on Future Mobility.

00:57:32.999 --> 00:57:36.069
The Governor of Arkansas,
Governor Asa Hutchinson

00:57:36.069 --> 00:57:38.638
recognized that this world
is changing very rapidly.

00:57:39.139 --> 00:57:40.974
And he also recognizes

00:57:40.974 --> 00:57:43.510
the assets that this state
has, that it already moves

00:57:43.510 --> 00:57:45.078
more things than any other
region in the world.

00:57:45.078 --> 00:57:47.147
Its what this state is
is mobility.

00:57:47.147 --> 00:57:47.914
And so a lot of the work

00:57:47.914 --> 00:57:50.183
that we're doing with Governor
Hutchinson

00:57:50.183 --> 00:57:52.585
on the Future Mobility Council
which he's asked me to chair

00:57:52.919 --> 00:57:56.356
is hopefully to be a playbook
for all 50 other states

00:57:56.356 --> 00:57:57.023
to work on.

00:57:57.590 --> 00:58:00.860
And a big part of that is a
focus on the future of aerospace

00:58:00.860 --> 00:58:01.828
and transportation.

00:58:01.828 --> 00:58:03.863
We're looking to create
new companies here.

00:58:03.863 --> 00:58:06.199
We're looking to bring companies
from the rest of the world

00:58:06.199 --> 00:58:08.101
that want to set up
manufacturing operations

00:58:08.101 --> 00:58:10.203
in the United States
to do that here in Bentonville.

00:58:10.203 --> 00:58:12.205
We're looking to help
the university,

00:58:12.205 --> 00:58:16.376
educate people, create new types
of technical capabilities.

00:58:16.376 --> 00:58:16.676
You know,

00:58:16.676 --> 00:58:18.011
generally just make it a much

00:58:18.011 --> 00:58:20.613
more diverse,
rich, exciting community.

00:58:20.880 --> 00:58:22.248
We love the people here.

00:58:22.248 --> 00:58:25.051
Their drive, their commitment
for improvement,

00:58:25.051 --> 00:58:28.221
their desire to really lift
the whole community up

00:58:28.221 --> 00:58:29.155
is just very inspiring.

00:58:29.155 --> 00:58:30.590
So we're really
proud to be a part of it.

00:58:33.193 --> 00:58:34.461
Transportation

00:58:34.461 --> 00:58:36.663
broadly is about a $10
trillion market

00:58:36.663 --> 00:58:38.498
across all
transportation logistics

00:58:38.498 --> 00:58:40.800
and it also represents about 30%

00:58:40.800 --> 00:58:43.036
of global CO2 emissions.

00:58:44.871 --> 00:58:47.974
So we need to be able
to continue to grow the impact

00:58:47.974 --> 00:58:51.277
of transportation while
minimizing the carbon impact.

00:58:51.644 --> 00:58:53.079
And a lot of the things
we're investing in

00:58:53.079 --> 00:58:55.181
are allowing us
to move people and goods

00:58:55.181 --> 00:58:58.718
cleaner from electrification,
hydrogenization, automation.

00:58:58.885 --> 00:59:02.555
Many people often look at new
technologies and think it's

00:59:02.555 --> 00:59:05.291
science fiction, but science
fiction always turns into fact.

00:59:05.592 --> 00:59:07.360
What we're investing in
are the platforms

00:59:07.360 --> 00:59:08.328
that are creating opportunities

00:59:08.328 --> 00:59:11.631
for invention, things
that we've never imagined

00:59:11.631 --> 00:59:15.101
are going to be enabled
ten years from now.

00:59:15.735 --> 00:59:17.136
In aviation,

00:59:17.136 --> 00:59:19.873
we're seeing aircraft
that are becoming electric.

00:59:19.873 --> 00:59:22.075
The first certified
electric airplane

00:59:22.075 --> 00:59:24.010
will be
displayed here at UP Summit.

00:59:25.812 --> 00:59:29.215
We have
larger aircraft, airliners

00:59:29.215 --> 00:59:31.784
that are being converted
to hydrogen fuel.

00:59:32.385 --> 00:59:35.522
Aviation burns so much fuel that

00:59:35.522 --> 00:59:39.092
to make an evolution like that
requires a tremendous amount

00:59:39.092 --> 00:59:39.959
of new technology.

00:59:39.959 --> 00:59:40.994
We're huge believers

00:59:40.994 --> 00:59:42.896
in the future of urban
air mobility,

00:59:42.896 --> 00:59:45.098
and advanced aerial mobility,
regional air mobility.

00:59:45.465 --> 00:59:46.766
This is all coming.

00:59:46.766 --> 00:59:47.634
It will take time.

00:59:47.634 --> 00:59:48.134
In the interim,

00:59:48.134 --> 00:59:50.036
I think we're going to see
a lot of impact

00:59:50.036 --> 00:59:52.672
from operating these vehicles
for logistics.

00:59:52.939 --> 00:59:55.742
You're going to see a lot of
point-to-point movement of goods

00:59:55.742 --> 00:59:57.810
in advance of point-to-point
movement of people.

00:59:58.912 --> 01:00:00.480
Even today,

01:00:00.480 --> 01:00:03.049
there are scaled drone

01:00:03.049 --> 01:00:05.685
operations delivering packages
in other parts of the world

01:00:06.319 --> 01:00:08.721
in Rwanda and Ghana for example,

01:00:08.721 --> 01:00:11.691
there's a company called Zipline
that is delivering

01:00:11.691 --> 01:00:12.559
medical supplies,

01:00:12.559 --> 01:00:16.796
vaccines, medicines to clinics
in outlying areas by drone.

01:00:19.265 --> 01:00:20.667
Zipline flies

01:00:20.667 --> 01:00:23.436
about twice the circumference
of the world every single day.

01:00:24.237 --> 01:00:28.408
It's the most scaled
autonomous operation bar none.

01:00:28.408 --> 01:00:30.209
Not just drones, cars,
anything else.

01:00:32.812 --> 01:00:35.014
And they are now
bringing that capability

01:00:35.014 --> 01:00:38.785
to other parts of the world
like in the United States.

01:00:44.691 --> 01:00:48.194
Today,
when you send a package by UPS,

01:00:48.194 --> 01:00:51.397
it typically goes through
five or six steps, small truck

01:00:51.397 --> 01:00:56.235
to warehouse to big truck
to airport to aircraft

01:00:56.235 --> 01:00:59.072
into a sort facility,
gets on another airplane

01:00:59.072 --> 01:01:00.139
to some other airport,

01:01:00.139 --> 01:01:01.341
gets on another truck, goes

01:01:01.341 --> 01:01:02.609
to a warehouse,
gets on another truck,

01:01:02.609 --> 01:01:05.511
and ultimately delivered
to the recipient.

01:01:05.511 --> 01:01:07.146
What Beta is doing
is they're building

01:01:07.146 --> 01:01:10.283
an electric vertical aircraft
focused on logistics

01:01:10.283 --> 01:01:14.153
that can take off on or near
a warehouse and fly goods

01:01:14.153 --> 01:01:17.991
directly to another warehouse
close to the destination.

01:01:20.193 --> 01:01:22.462
And this cuts out a huge
part of the logistics chain.

01:01:22.962 --> 01:01:25.064
It reduces fuel consumption.

01:01:25.064 --> 01:01:27.266
It reduces
greenhouse gas emissions.

01:01:27.266 --> 01:01:29.636
And it also improves the quality
of service for customers.

01:01:31.437 --> 01:01:33.172
Their customers
are some of the biggest

01:01:33.172 --> 01:01:36.509
logistics companies
in the world, like UPS.

01:01:37.010 --> 01:01:39.579
That is a very exciting
opportunity

01:01:39.579 --> 01:01:42.615
we see to really tangibly impact
people's lives

01:01:42.615 --> 01:01:43.616
very soon.

01:01:47.987 --> 01:01:49.022
If you look at how somebody

01:01:49.022 --> 01:01:51.424
wants to go to pick up
something at a Wal-Mart,

01:01:51.424 --> 01:01:52.892
What do they do, they get in the car.

01:01:52.892 --> 01:01:56.929
They've taken now a 2,000 pound
vehicle,

01:01:56.929 --> 01:01:59.399
20 miles round trip to pick up
a eight ounce payload.

01:01:59.399 --> 01:02:01.067
That's
not a particularly efficient way

01:02:01.067 --> 01:02:03.036
to go move little things around.

01:02:03.036 --> 01:02:04.937
Companies like Drone Up,
which has just announced

01:02:04.937 --> 01:02:06.606
a partnership with Wal-Mart,
is going to start

01:02:06.606 --> 01:02:09.175
delivering packages to 4 million
people in United States.

01:02:11.310 --> 01:02:12.545
You can just go on the app

01:02:12.545 --> 01:02:15.548
and order some food or order
some diapers, whatever you need.

01:02:15.848 --> 01:02:17.450
It'll be delivered to you
by drone.

01:02:17.450 --> 01:02:20.853
So this is an example of how
these technologies are making

01:02:20.853 --> 01:02:24.057
a huge impact on reducing
greenhouse gas emissions.

01:02:24.991 --> 01:02:28.294
And you're also seeing electric
and hydrogen working their way

01:02:28.294 --> 01:02:29.729
into long haul trucking,

01:02:29.729 --> 01:02:31.764
start to reduce diesel fuel
consumption.

01:02:31.764 --> 01:02:32.565
It's happening now.

01:02:32.732 --> 01:02:34.801
These trucks
are hitting the road right now.

01:02:35.034 --> 01:02:35.501
Company called

01:02:35.501 --> 01:02:39.005
Teleo has partially automated
construction equipment.

01:02:39.272 --> 01:02:40.406
So what Teleo is doing

01:02:40.406 --> 01:02:43.543
is taking the human operator
out of the bulldozer.

01:02:43.576 --> 01:02:45.311
They can be in the comfort
of their living rooms

01:02:45.311 --> 01:02:46.279
operating a bulldozer.

01:02:46.546 --> 01:02:50.049
So they're not exposed to the
loud noises and the vibration,

01:02:50.049 --> 01:02:53.252
the back
breaking, bouncing up and down

01:02:53.252 --> 01:02:54.754
in one of these machines.

01:02:54.754 --> 01:02:56.155
It's making real impact today

01:02:56.155 --> 01:02:58.591
on the lives of people
who operate these machines.

01:03:03.563 --> 01:03:05.131
I'll probably spend
some time on your right side

01:03:05.131 --> 01:03:08.234
so you can get good
video of you.

01:03:10.937 --> 01:03:13.940
Get this airplane
ready to go.

01:03:13.940 --> 01:03:15.808
Go have a nice beach cruise.

01:03:15.808 --> 01:03:17.677
You know, as kids,
you know, you're

01:03:17.677 --> 01:03:20.246
always in love with planes,
trains and automobiles.

01:03:20.713 --> 01:03:23.750
And I think combining that
passion with entrepreneurship,

01:03:23.750 --> 01:03:26.519
you have to be extremely
committed to what you're doing.

01:03:30.289 --> 01:03:32.391
All right, let's go flying.

01:03:33.392 --> 01:03:34.861
You get to go dream together.

01:03:34.861 --> 01:03:37.230
And I tell you pretty much
all those dreams have come true.

01:03:37.697 --> 01:03:41.367
It's fun to go from success
to significance.

01:03:41.367 --> 01:03:44.704
For this to be of service
to a lot of people.

01:03:45.271 --> 01:03:48.641
We tickle ourselves daily
that we get to spend our days

01:03:48.641 --> 01:03:51.444
with such incredible
human beings

01:03:51.444 --> 01:03:55.014
that are so smart,
so committed, so passionate,

01:03:55.014 --> 01:03:57.784
so mission driven to help
make the world a better place

01:03:57.784 --> 01:04:00.753
by improving this transportation
infrastructure.

01:04:00.753 --> 01:04:03.256
I could just do it,
you know, 24 hours a day

01:04:03.256 --> 01:04:07.260
(pilot communications chatter)

01:04:07.260 --> 01:04:09.395
Inspiring a future generation

01:04:09.395 --> 01:04:11.430
is, I think, the responsibility

01:04:11.430 --> 01:04:12.932
of anybody
that's been successful.

01:04:12.932 --> 01:04:16.536
We want to help entrepreneurs

01:04:16.536 --> 01:04:19.739
make a huge impact
on how people lead their lives

01:04:19.739 --> 01:04:20.406
around the world.

01:04:20.406 --> 01:04:22.275
You know, becoming a soon
to be father

01:04:22.275 --> 01:04:24.343
sort of
has certainly accelerated my

01:04:24.343 --> 01:04:26.979
my desire and passion to want to

01:04:26.979 --> 01:04:29.048
support a

01:04:29.048 --> 01:04:30.817
a world that is sustainable.

01:04:32.752 --> 01:04:35.154
I've been passionate
about flying my whole life,

01:04:35.154 --> 01:04:36.823
but it's not really
just about flying.

01:04:36.823 --> 01:04:38.157
What's really great about flying

01:04:38.157 --> 01:04:39.458
is the way that it connects
people.

01:04:39.458 --> 01:04:40.793
It's such
an emotional experience

01:04:40.793 --> 01:04:42.562
after traveling so far,
seeing your family,

01:04:42.562 --> 01:04:44.697
after
not seeing them for so long.

01:04:44.697 --> 01:04:46.732
There's something that's
really special when you're

01:04:46.732 --> 01:04:48.668
you change your vantage point

01:04:48.668 --> 01:04:51.437
when you look from up, down
versus down, up.

01:04:51.437 --> 01:04:53.039
And I think the world

01:04:53.039 --> 01:04:55.775
would benefit from more people
having a different vantage point

01:04:55.775 --> 01:04:56.943
reminding them
that we're not that different.

01:04:58.611 --> 01:05:01.047
I see
that every time I go flying.

01:05:05.585 --> 01:05:07.687
Transportation
has this great ability

01:05:07.687 --> 01:05:08.821
to connect people
with one another.

01:05:08.821 --> 01:05:10.022
It's so critical

01:05:10.022 --> 01:05:13.960
that we get out in the world,
we experience other cultures.

01:05:13.960 --> 01:05:16.762
We realize when we do that that

01:05:16.762 --> 01:05:19.465
we are so similar to every
other human being on the planet.

01:05:23.936 --> 01:05:24.971
I believe that there are

01:05:24.971 --> 01:05:27.607
two existential threats
facing humanity.

01:05:28.641 --> 01:05:30.810
One is climate change,

01:05:30.810 --> 01:05:33.012
and the other is people
not understanding one another.

01:05:33.646 --> 01:05:35.514
We've got to make it easier
for people to connect

01:05:35.514 --> 01:05:38.084
with one another and to connect
with the global marketplace.

01:05:38.084 --> 01:05:40.653
And we think that as you elevate
the quality of life

01:05:40.653 --> 01:05:41.587
for people around the world,

01:05:41.587 --> 01:05:43.923
it enhances quality of life
for everybody everywhere.

01:05:44.590 --> 01:05:46.325
So this is what inspires us to

01:05:46.325 --> 01:05:49.629
to focus on improving
transportation.  How do we

01:05:49.629 --> 01:05:51.264
help people understand
one another,

01:05:51.264 --> 01:05:52.298
improve their quality of life

01:05:52.298 --> 01:05:53.633
through connecting them
with the global marketplace

01:05:53.633 --> 01:05:57.003
and at the same time reduce
the risk of climate change?

01:05:58.137 --> 01:05:59.405
I wouldn't
even want to think about

01:05:59.405 --> 01:06:03.409
where I'd be
if I hadn't ran into that other

01:06:03.409 --> 01:06:05.378
kid at the airport
when I was 11 years old.

01:06:05.378 --> 01:06:06.812
It's the greatest
gift I've ever gotten!