The agreement between the Detroit-based aviation start-up and the global logistics innovation and services company will promote electrification across the urban air logistics sector.
FREMONT, CA: For the last few years, the aviation and defense industry has turned its gaze toward the development of electric aircraft with enhanced safety and efficiency. Airspace Experience Technologies (ASX) is not far behind on the path of electrification. The aviation technology start-up recently signed a memorandum of understanding with TPS Logistics, a global logistics innovation and services company. The agreement is aimed at assessing the market opportunities of introducing electric take-off and landing, and wing lifted (eVTOL) aircraft into the logistics value chain.
ASX has revolutionized personal air transportation with the development of quiet, eco-friendly eVTOL aircraft through the combination of automotive innovation and aviation technology. Based in Detroit, Michigan, ASX aims to drive sustainable change and growth in the region by creating jobs and opportunities for skilled professionals.
TPS Logistics, also based in Detroit, Michigan, is a comprehensive platform non-asset based logistics management company. The company’s logistics programs are based on the principles of efficiency, service, and cost savings. Their services assist the clients in achieving bottom line cost saving and implementing a superior logistics network to meet client needs.
The studies reveal that global air travel based inspections, goods, and passenger services will potentially reach a $74 billion market. The commercial goods and services transport will fuel almost 60 percent of the market growth.
The ASX team is currently developing its tilt-wing eVTOL aircraft MOBi-One in Detroit, while TPS logistics is focusing on logistics and freight transportation solutions through cloud-based technology. It also offers actionable business analytics to assist companies in enhancing their logistics operations and achieve sustainable growth.
The agreement between the two companies is aimed at delivering high-value logistics experience to current and prospective customers. The expertise of TPS in managing logistics data and business models will enable it to accommodate the specifications of ASX aircraft and enhance emergency services. Currently, vertical takeoff and landing are only possible for rotorcrafts. However, due to a limited range, high energy cost, and noise footprint, the approach is not as practical. ASX aims to leverage automotive EV technology and effective mass production techniques to ensure cost-effectiveness in its eVTOL aircraft.