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    UPS to Buy Electric Aircraft to Cut Delivery Time for Small Markets | Technology News

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    (Reuters) – United Parcel Service has agreed to buy 10 electric vertical takeoff and landing aircraft from Vermont-based startup Beta Technologies to speed up deliveries in small markets, the U.S. package delivery company said on Wednesday.

    With a 250-mile range and cruising speed of up to 170 miles per hour, the aircraft’s 1,400-pound cargo capacity is suited to quickly transport time-sensitive deliveries that would otherwise fly on small fixed-wing aircraft, the company said.

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    UPS has an option to purchase up to 150 of the electric aircraft from Beta, with the first 10 planes starting to arrive in 2024.

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    (Reporting by Ankit Ajmera in Bengaluru; Editing by Sriraj Kalluvila)

    Copyright 2021 Thomson Reuters.

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