Benzinga | Apr 13, 2021 07:41AM EDT

BETA Inks Deal To Secure First 20 Passenger Electric Vertical Aircraft For Blade

BETA Technologies ("BETA" or "the Company") and Blade Urban Air Mobility ("Blade") today announced a binding agreement through which Blade will secure up to 20 BETA Electric Vertical Aircraft ("EVA"), becoming the Company's first passenger service customer. Today's news comes on the heels of last week's announcement by UPS that it would buy up to 150 BETA EVA aircraft, plus charging stations, as part of that company's long-term solution to reducing greenhouse gas emissions.

Founded in 2017, BETA and its team of aerospace engineers are building an electric powered ecosystem for aviation, the heart of which is ALIA, the electric vertical takeoff and landing aircraft that can carry up to six people or three standard cargo pallets. BETA's emphasis on simplicity, efficiency and sustainability has led to a pioneering electric aircraft design and the world's largest aircraft charging network. BETA's customers are in the key aerospace markets of Logistics, Medical, Defense and, now, Passenger.