BETA Technologies

“We received what they call a military flight release to get paid to fly for the military. So we're doing that. We've been doing that for more than a year. We've had air force and army pilots flying our planes.”

“It took us from August of 2018 and our first round the pattern flight was January first, 20 20. So it took us under 18 months with a fresh, you know, clean sheet design where we had to build the molds and the structure, design a flight controller, write the co…”

“We just got regulatory approval to do this over in the Middle East for hire, for commercial, making money... The first regulatory letter we have is from the UAE between Abu Dhabi and Dubai.”

“Yeah, she, and interestingly enough, it wasn't actually in seed capital. She Proposed to be a customer. So she did not take an equity position in the company. She just said I believe in what you're doing. Let me fund this as a customer.”

“So day one, I took 70% of the business and usually people take eight or 10 or seven or five percent of the business and say, that's going to be the employee pool. I took 70% of the business and I said, this is what I'm going to use to attract people to be real…”

“Yeah, forty eight million dollars she had out in contracts elsewhere. And she brought those back in because they were behind schedule, not keeping promises. And she redirected that at us and said, go build a commercial version that I can move organs with.”

“And yes, by 20, 25, they're doing commercial operations here in the U S and then we just basically build them as fast as we can.”

“What we agreed to was that even though she was funding to, like you said before, this forty six million dollar contract to develop the aircraft. She knew that that wasn't enough to develop an aircraft. So she took a license to be able to use this in organ and …”

“All of those things together said the theoretical maximum of an electric airplane was to fly about 250 nautical miles within the context of flying at a hundred knots and carrying 600 pounds and having less than a 50 foot wingspan.”

“In the near future, the next few years, they'll go to the airport only because of regulatory challenges of putting off airport landing sites. But in the next four to six years, what'll happen is these aircraft will actually go to the distribution center, which…”

“So the hub and spoke network of yesterday will be replaced by a mesh network of the future where We have already saturated, as you pointed out, Memphis and Louisville. You can't put any more jets in there every night.”

“It is, and it was really, it still is a very elegant design, and someday I'm going to go and bring it to the market.”

“She had written this 10 point spec of what she thought was realistic. And aspirational at the same time to move organs. And actually, she didn't care what it looked like, whether it was a helicopter, a drone, a fixed wing plane, a balloon, as long as it met th…”

“And I told her that in 10 months we would create this electric aircraft and fly it across the country.”

“We designed built and flew a 4000 pound version of this with me in it after 10 months and we kept our promise.”

“I mean, we have a 600 unit backlog right now, right?”