Governors Wind Energy Coalition
DHL to Add Electric Planes to Fleet in Pursuit of Zero Emissions Source: By William Wilkes, Bloomberg • Posted: Tuesday, August 3, 2021
DHL Express Alice electric aircraft. Source: DHL Express
The race toward zero-emission logistics chains is expanding from the road to the skies.
DHL Express, the air cargo subsidiary of Deutsche Post AG, has ordered 12 all-electric aircraft to complement its fleet of battery-powered delivery vans and bikes, a move that will reduce emissions from air services. The Eviation Aircraft Ltd.-built freighters, known as Alice models, will be able to carry 2,600 pounds (1,179 kilograms) and have a range of 440 nautical miles.
DHL to add electric planes to fleet in pursuit of zero emissions
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It s a Summer of SPACs in Europe as Speedy Deals Prompt IPOs
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EV startups lose over $40 billion after taking SPAC route public
EV startups lose over $40 billion after taking SPAC route public
BLOOMBERG
The Lordstown Motors Endurance electric pickup.
At their highs, five electric-vehicle startups that went public through mergers with special purpose acquisition companies were worth $60 billion. The corrections that followed have been brutal.
Three of the companies plumbed new lows this week as short-seller attacks, management turmoil and execution issues lead investors to reconsider their prospects. They ve lost more than $40 billion of market capitalization combined from their respective peaks.
The sliding valuations of Nikola Corp., Fisker Inc., Lordstown Motors Corp., Canoo Inc. and Arrival Ltd. underscore the risks surrounding the blank-check boom. Unlike in a traditional initial public offering, going public via SPAC allows companies to make forward projections to investors during their listings. This was key to ginning up interest in