Post by account_disabled on Mar 6, 2024 4:37:07 GMT
UPS invests in electric vehicle company and orders 10,000 delivery vans!
UPS has announced it has completed a minority electric vehicle (EV) investment with UK-based pioneer Arrival in a move that has seen the global logistics giant place an order for 10,000 purpose-built electric vans.
The move comes just days Chile Mobile Number List after Arrival made headlines with the announcement that automotive giants Hyundai and Kia have invested £85 million in the company, making the electric vehicle (EV) innovator one of the hottest startups valuable assets of the United Kingdom.
Along with investment from venture firm UPS Ventures, whose financial details were not disclosed, UPS has committed to purchasing 10,000 EVs that will be built for UPS with priority access to purchase additional EVs.
As such, UPS will collaborate with Arrival to develop a wide range of electric vehicles with advanced driver assistance systems (ADAS). The technology is designed to increase safety and operational efficiency, including the potential for automated movements in UPS warehouses.
UPS engineering and information director Juan Pérez said:
UPS continues to build an integrated fleet of electric vehicles, combined with innovative large-scale fleet charging technology… As megatrends such as population growth, urban migration and e-commerce continue to accelerate, we recognize the need to work with partners around the world to solve road congestion and pollution problems for our customers and the communities we serve…electric vehicles are the cornerstone of our sustainable urban delivery strategies. Taking an active investment role in Arrival allows UPS to collaborate on the design and production of the world's most advanced electric delivery vehicles.
Arrival has pioneered an approach where it has developed its own major vehicle components, such as the chassis, powertrain, body and electronic controls, but then uses a modular design with standardized parts to produce customized vehicles for customers. , an approach the company says reduces maintenance and other ownership costs.
Under the agreement with UPS, Arrival will build the vehicles in micro factories, using lightweight, durable materials that the company designs and creates in-house. As an investor, UPS will have the option to accelerate orders as needed as it moves to deploy the vehicles in Europe and North America.
Denis Sverdlov, CEO of Arrival, said.
UPS has been a strong strategic partner to Arrival, providing valuable insights into how electric delivery vans are used on the road and, more importantly, how they can be fully optimized for drivers… Together, our teams have been working We work hard to create bespoke electric vehicles based on our flexible scooter platforms that meet UPS's comprehensive needs from driving, loading/unloading and back-office operations. We are delighted that today's investment and vehicle order creates even closer links between our two companies.
The news comes on the same day that rival delivery giant DPD confirmed it will take delivery of 300 new electric Nissan vans by May this year, in what it says is one of the UK's largest electric van orders to date. Once delivered, the new vans will bring DPD's total electric fleet to 450, putting it on track to reach 500 electric vans by the end of 2020.
DPD CEO Dwain McDonald commented that:
This is a truly historic day on the path to a more sustainable future for the parcel industry… These vehicles are changing the way we work. It's not just about plugging them in and saying 'job done'. We are reconsidering and redesigning how we deliver packages now and in the future with different route networks and new types of depots. It's an all-encompassing revolution for our industry and electric, emission-free vehicles are at the heart of that vision.
UPS has announced it has completed a minority electric vehicle (EV) investment with UK-based pioneer Arrival in a move that has seen the global logistics giant place an order for 10,000 purpose-built electric vans.
The move comes just days Chile Mobile Number List after Arrival made headlines with the announcement that automotive giants Hyundai and Kia have invested £85 million in the company, making the electric vehicle (EV) innovator one of the hottest startups valuable assets of the United Kingdom.
Along with investment from venture firm UPS Ventures, whose financial details were not disclosed, UPS has committed to purchasing 10,000 EVs that will be built for UPS with priority access to purchase additional EVs.
As such, UPS will collaborate with Arrival to develop a wide range of electric vehicles with advanced driver assistance systems (ADAS). The technology is designed to increase safety and operational efficiency, including the potential for automated movements in UPS warehouses.
UPS engineering and information director Juan Pérez said:
UPS continues to build an integrated fleet of electric vehicles, combined with innovative large-scale fleet charging technology… As megatrends such as population growth, urban migration and e-commerce continue to accelerate, we recognize the need to work with partners around the world to solve road congestion and pollution problems for our customers and the communities we serve…electric vehicles are the cornerstone of our sustainable urban delivery strategies. Taking an active investment role in Arrival allows UPS to collaborate on the design and production of the world's most advanced electric delivery vehicles.
Arrival has pioneered an approach where it has developed its own major vehicle components, such as the chassis, powertrain, body and electronic controls, but then uses a modular design with standardized parts to produce customized vehicles for customers. , an approach the company says reduces maintenance and other ownership costs.
Under the agreement with UPS, Arrival will build the vehicles in micro factories, using lightweight, durable materials that the company designs and creates in-house. As an investor, UPS will have the option to accelerate orders as needed as it moves to deploy the vehicles in Europe and North America.
Denis Sverdlov, CEO of Arrival, said.
UPS has been a strong strategic partner to Arrival, providing valuable insights into how electric delivery vans are used on the road and, more importantly, how they can be fully optimized for drivers… Together, our teams have been working We work hard to create bespoke electric vehicles based on our flexible scooter platforms that meet UPS's comprehensive needs from driving, loading/unloading and back-office operations. We are delighted that today's investment and vehicle order creates even closer links between our two companies.
The news comes on the same day that rival delivery giant DPD confirmed it will take delivery of 300 new electric Nissan vans by May this year, in what it says is one of the UK's largest electric van orders to date. Once delivered, the new vans will bring DPD's total electric fleet to 450, putting it on track to reach 500 electric vans by the end of 2020.
DPD CEO Dwain McDonald commented that:
This is a truly historic day on the path to a more sustainable future for the parcel industry… These vehicles are changing the way we work. It's not just about plugging them in and saying 'job done'. We are reconsidering and redesigning how we deliver packages now and in the future with different route networks and new types of depots. It's an all-encompassing revolution for our industry and electric, emission-free vehicles are at the heart of that vision.