Day 2: Uber Elevate Summit 2019 | Uber

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>>LADIES AND GENTLEMEN PLEASE SILENCE YOUR CELL PHONES AS THE SHOW IS ABOUT TO BEGIN. >>WELCOME EVERYONE TODAY NUMBER TWO OF TODAY’S SUMMIT. HOW ABOUT THAT PARTY LAST NIGHT? THE TILTED ROTOR WAS A PERSONAL FAVORITE OF THOSE COCKTAILS LAST NIGHT. ON THE TOPIC OF DRINKS TODAY WILL BE DIFFERENT. YESTERDAY WE TALKED ABOUT ELEVATE SO TODAY WE ARE GOING TO GO BEYOND ELEVATE TO ALL THE OTHER PARTS OF OUR BUSINESS THAT WE ARE TAKING BIG STEPS IN. THE FIRST IS UBER EATS. WELCOME AHEAD OF BUSINESS DEVELOPMENT LIZ MEYER. SENIOR DIRECTOR OF BUSINESS DEVELOPMENT FOR MAC EATS. — UBER EAT. >>THANK YOU FOR BEING HERE HELLO AND GOOD MORNING. I’M EXCITED TO BE HERE TODAY. I HOPE EVERYONE HAD BREAKFAST. BECAUSE I’M HERE TO TALK ABOUT FOOD. AND HOW IT CAN GET YOU FASTER. MUCH MORE EFFICIENTLY AND WHAT WE THINK MIGHT BE A LITTLE BIT MORE OF A FUN WAY AS WELL. SO UBER STARTED 10 YEARS AGO. AND 2009. MY PERSONAL STORY STARTED JUST OVER FIVE YEARS AGO WHEN I WAS PREGNANT WITH MY FIRST CHILD. I NEEDED A RELIABLE WAY TO GET HOME AND WHICH PUBLIC TRANSPORTATION IN SERVICES: SOMETHING I DIDN’T FEEL COMFORTABLE WITH IS MY >>>CONTINUE TO GET BIGGER. SO I STARTED USING UBER EVERY DAY. MY STORY OF MEETING RELIABLE TRANSPORTATION IS LIKE SO MANY OTHERS. SINCE THE INCEPTION WE HAVE LOGGED 10 BILLION TRIPS AND 15 MILLION TRIPS EVERY DAY. TODAY, IT’S MORE THAN JUST RIDESHARING. OF NEW MOBILITY LIKE JUMP BIKES AND SCOOTERS AND YESTERDAY OF COURSE WE ANNOUNCED CAPTOR. IN ADDITION TO MOVE PEOPLE WE MOVE THINGS AS WELL. LIKE FOOD. THESE OPTIONS ALL HAVE ONE THING IN COMMON, THEY USE THE POWER OF OUR TECHNOLOGY PLATFORM WHICH YOU WILL HEAR MORE ABOUT TODAY, TO MAKE MOVING PEOPLE AND THINGS MUCH MORE EFFICIENT. NOW ARE GOING TO TALK ABOUT THE PREMISES TO THE CONSUMER AND WHY THIS IS AN EXCITING AREA OF INNOVATION AND WHITE UBER EATS DECIDED TO PARTNER WITH UBER ELEVATE. SO I FOOD? YOU MIGHT BE ASKING ABOUT TRANSPORTATION, AND FOOD MIGHT SEEM LIKE AN INTERESTING JUMP. LIKE TRANSPORTATION, IT IS SOMETHING THAT PEOPLE INTERACT WITH IN EVERY DAY. CONSUMERS DEMAND A HEIGHTENED LEVEL OF CONVENIENCE AND ARE SPENDING MORE ON RESTAURANT FOOD THAN A GROCERY STORES. WE SEE THIS IN THAT NEARLY A THIRD OF MILLENNIAL’S ARE ORDERING FOOD DELIVERY EVERY WEEK. THIS TRANSLATES INTO A DIGITAL MEETS PHYSICAL EXPERIENCE FOR THE RESTAURANT PARTNERS. WE ARE EFFECTIVELY ENABLING FOOD e-COMMERCE. 80% OF DELIVERY SALES IS INCREMENTAL TO THAT OF IN-STORE. WE LAUNCHED UBER EATS 3 1/2 YEARS AGO. THERE ARE THOUSANDS OF MEALS FOR ALL OCCASIONS IN ANY LOCATION AT THE SAME CLICK OF A BUTTON CONVENIENCE THE UBER WAS ABLE TO OFFER ON RIDESHARING SITE. OUR MISSION IS TO MAKE EATING WELL EFFORTLESS EVERY DAY FOR EVERYONE. TODAY WE CITIES AND 42 COUNTRIES. WE ARE SO INCREDIBLY PROUD TO WORK WITH OVER 220,000 RESTAURANT PARTNERS GLOBALLY. AND WE HAVE AND INDUSTRY- LEADING DELIVERY TIME OF 30 MINUTES. SO FROM THE TIME THAT YOU REQUEST THE FOOD TO THE TIME THAT YOU RECEIVE THE MEAL. ALL OF THIS TRANSLATES INTO HIGHER LEVELS OF CONVENIENCE FOR THE CONSUMERS. MORE BUSINESS FOR RESTAURANTS COURIERS AND A BIG BUSINESS FOR UBER AS WELL. SEEM A ONE OR WHO IS GETTING FOOD DELIVERED. THE PREMISE IS NOT JUST FOR MILLENNIAL’S BUT FOR THE YOUNG AND OLD WITH URBAN AND SUBURBAN. SO WE TALKED A BIT ABOUT AUSTRALIA YESTERDAY. THE BRAND AWARENESS IS THE HIGHEST AMONG ALL DELIVERY SERVICES LIKE DOMINO PIZZA. IN THIS BRAND AWARENESS IS THE HIGHEST AMONG FOOD BUSINESSES. SO IN A PLACE LIKE AUSTRALIA PEOPLE ARE INTERACTING WITH EVERY MONTH, EVERY WEEK EVERY DAY. SHOWS WHAT LOVE REALLY LEVELING THE PLATFORM CAN REALLY MEAN. NEEDED $1 BILLION OF GROSS BOOKING LAST WEEK. SO I STARTED OFF TELLING YOU ABOUT MY PERSONAL STORY OF HOW I CAME AS A CONSUMER. I FELL IN LOVE WITH THE SERVICE AND DECIDED TO JOIN UBER. FOR YEARS AFTER JOINING UBER, I AM SO PROUD OF THE BUSINESS. IT IS SOMETHING WE ARE INCREDIBLY PROUD OF IS IS A MAJOR PLATFORM HERE. TWO MONTHS LATER AFTER HAVING MY THIRD BABY, IT IS STILL REDEFINING CONVENIENCE FOR ME. WAS ONCE A RELIABLE RIDE IS NOW A RELIABLE WAY TO SIMPLIFY THE EVERY DAY IN MY FAMILY’S DAILY MEALS. FOR THOSE OF YOU WHO HAVE BUSY LIVES GOING OFF TO DIFFERENT INTERESTS OR WEEKENDS WITH MANAGING SOCCER PRACTICES, THINK ABOUT WHAT HAVING FOOD COMING TO YOU CAN MEAN. OR, LAST NIGHT AFTER THE PARTY MY COLLEAGUES AND I ORDERED SOME ETHIOPIAN FOOD TO OUR HOTEL THAT WE SHARED IN THE LOBBY. THIS WAS AT 11:30 PM LAST NIGHT. THERE’S SO MANY NEW WAYS THAT HE CAN REDEFINE CONVENIENCE TO THE CONSUMER. AND I CAN EXPERIENCE THIS EVERYDAY MY LIFE. KEY TO THE CONVENIENCE IS 30 MINUTES. A 30 MINUTE AVERAGE DELIVERY TIME IS HERE. THIS IS FROM WHEN YOU REQUEST THE FOOD TO WHEN YOU RECEIVE IT. LAST NIGHT WE TRIED OUT AT 11:30 PM IT WAS 27 MINUTES. REQUEST TO RECEIVE. AND THAT IS PHENOMENAL. WE’VE BEEN ABLE TO DO THAT BY LEVERAGING THIS DEEP TECHNOLOGY EXPERTISE OF VERY GOOD UNDERSTANDING ON HOW THE CITY WORKS AND LEVERAGING THE POWER PLATFORM. WE THINK WE CAN DO MORE HOWEVER. WE WANT TO CONTINUE TO LEVERAGE THE ADVANTAGE TO DRIVE FORWARD THE CUSTOMER EXPERIENCE. CUSTOMERS DOESN’T JUST MEAN THE EATERS RESTAURANT PARTNERS. THE COURIER PRODUCT PARTNERS AS WELL. THIS MEANS LOWERING THE COST OF DELIVERIES WOULD BE MORE EFFICIENT AND OFFERING MORE CHOICE. FOR RESTAURANT PARTNERS THIS MEANS GIVING THEM ACCESS TO LARGER CUSTOMER BASES. WE ARE ABLE TO DO THIS THROUGH TECHNOLOGY AND TECHNOLOGY TOOLS WHICH HELP DRIVE EFFICIENCY, IN THE HANDOFF, IN THE DETAILS AND IN THE ACCOUNTING. THROUGH THIS WE ARE ABLE TO HELP GROW OUR RESTAURANT PARTNERS BUSINESSES. FOR OUR COURIER PARTNERS THIS MEANS FLEXIBLE WORK WITH PAY THAT MATCHES THE AMOUNT OF EFFORT. SEAMLESS PICKUPS, NAVIGATION AND DROP-OFFS THE MAKE TRIPS STRESS FREE. SO HOW DO WE MAKE MORE HAPPEN? HOW DO WE CONTINUE TO INNOVATE ON THE SPACE? I TALKED A LOT ABOUT THE CONSUMER EXPERIENCE AND THE EFFICIENCY THAT WE THINK WE CAN DRIVE. HOW WE HAVE ALREADY LEVERAGE THE TECHNOLOGY PLATFORM TO GET THERE. IN TERMS OF WHAT IS NEXT THIS IS WERE ELEVATE COMES IN. WHEN I HEARD ABOUT THE ELEVATE TEAMWORK I KNEW WE HAD TO REACH OUT AND SEE IF THERE WAS A WAY TO INNOVATE ON THE DELIVERY INFRASTRUCTURE. BY INNOVATING ON THE STRUCTURE WE ARE ABLE TO GET EASIER AND QUICKER ACCESS TO GOOD FOOD OPTIONS. MORE EATERS MEANS HELPING RESTAURANTS REACH MORE CUSTOMERS. MORE CUSTOMERS MEAN COURIERS CAN RUN FASTER MORE EFFICIENT ROUTES LOOKING AT THE OVERALL COST PER DROP AND AROUND AND AROUND THE FLAG WE GO. WE THINK DRONE DELIVERY PRESENTS AN OPPORTUNITY TO DRAMATICALLY IMPROVE THE CUSTOMER EXPERIENCE AND FURTHER EXTEND UBER AS A PLATFORM. TODAY WE ARE SO EXCITED TO REVEAL OUR FIRST STEPS FOR TURNING THAT VISION INTO A COMMERCIAL REALITY. WE ARE WORKING IN PARTNERSHIP WITH UBER ELEVATE AND McDONALD’S OUR FIRST PARTNER IN TESTING DRONE DELIVERY. I’M NOW EXCITED TO WELCOME TO THE STAGE LUKE FISHER — HEAD OF THE DEPARTMENT WITH ALL THE WORK THAT WE’VE DONE LAST YEAR. >>PLEASE WELCOME LUKE FISHER AHEAD OF WERE ELEVATE FLIGHT OPERATIONS. >>SO FOOD DELIVERED BY DRONE THIS IS KIND OF GREAT. BUT WHY HAS NO ONE DONE THIS YET? AND WHY DOESN’T THIS PICTURE HERE EXIST TODAY? SO TECH COMPANIES HAVE BEEN TALKING ABOUT AND INVESTING IN DRONES SINCE 2013 AND BEFORE THAT. BUT THERE HASN’T BEEN A PRODUCT BROUGHT TO SCALE YET. THERE ARE THREE REASONS WHY DRONE DELIVERY HAS BEEN BLOCKED FROM DOING THIS ON A LARGE SCALE. CONSUMER SAN DIEGO MULTIPLE DRONES ARE IN CLOSE PROXIMITY TO EACH OTHER. LET’S TALK ABOUT THAT. FIRST IT IS UNCLEAR WHAT THE BEST USE CASE FOR DRONE DELIVERY IS. IT HAS TO BE SOMETHING PEOPLE WANT IMMEDIATELY? THEY HAVE TO BE LIGHT AND AT THE CARRIED BY SMALL AIRCRAFT. SECOND, EVEN IF YOU HAVE THE GOODS THAT SHOULD BE DELIVERED HAD YOU COMPLETE THE DELIVERY IN A DENSE URBAN ENVIRONMENT? AND FINALLY EVEN IF YOU HAD A COMPELLING USE CASE AND A WAY TO DELIVER IT IN THE URBAN ENVIRONMENT THERE’S CURRENTLY NO CLEAR PATH TO CONDUCT THE DRONE DELIVERY FROM A LEGAL STANDPOINT. THERE IS NO DEFINITIVE REGULATORY STRUCTURE THAT IF HIS CURRENT STRICTLY UNDER. >>SO VERY CLEARLY WE HAVE WHAT WE SHOULD DELIVER. NOTES TALK ABOUT HOW WE COMPLETE THAT DELIVERY AND A DENSE URBAN ENVIRONMENT. THERE HAVE BEEN AND CONTINUE TO BE MANY ATTEMPTS AT HOW TO DELIVER GOODS DIRECT TO CONSUMERS. WHETHER WE ARE TALKING ABOUT MAILBOXES, DROPPING ITEMS WITH PARACHUTES ATTACHED OR IN PEOPLE’S BACKYARDS. WE RUN INTO THE SAME PROBLEM. IT SIMPLY DOESN’T WORK IN DENSE URBAN ENVIRONMENTS FOR THE MAJORITY OF PEOPLE DON’T HAVE A BACKYARD OR DRONE CAPABLE MAILBOXES AND THEY CAN’T RECEIVE PARACHUTES. ACCORDING TO THE UN DEPARTMENT OF ECONOMICS AND SOCIAL AFFAIRS, 68% OF THE WORLDS POPULATION IS GOING TO LIVE IN A DENSE AND URBAN POPULATION BY 2015. SO RIGHT NOW THE NUMBERS 55%. SO WE HAVE THOUGHT ABOUT THIS FOR A WHILE. THIS IS THE KEY INSIGHT AND NOW WE DON’T NEED TO GET THE DRONE DIRECT TO OUR CUSTOMERS OR CONSUMERS. WE JUST HAD TO GET IT CLOSE ENOUGH. UI, THE VISUAL THE PLAYS IS REPRESENTATION OF THE DELIVERY PARTNER NETWORK IN VIRTUALLY EVERY MAJOR CITY WHERE WE OPERATE. BECAUSE OF THIS MASSIVE NETWORK WE CAN SOLVE THE LAST HUNDRED FEET OF DRONE DELIVERY AND GET IT CLOSE ENOUGH TO THE CUSTOMERS AND HAD THE DELIVERY PARTNERS TO THE FINAL HANDOFF. WE REALIZE THE POWER OF THE PLATFORM AND THE TECHNOLOGY DOES EXIST WE JUST HAVE TO COMBINE THE TWO. THE CUSTOMER EXPERIENCE FOR DRONE DELIVERY CANNOT REGRESS. AND CUSTOMER SHOULDN’T HAVE TO DO MORE WORK TO GET THEIR FOOD. DELIVERY PARTNER NETWORK PROVIDES THE OPERATIONAL FLEXIBILITY TO DELIVER TO A DISTRIBUTION POINT OVERSEEN BY DELIVERY PARTNERS, WITH THOSE VEHICLES OUT IN THE ATRIUM AS A LANDING SITE FOR THE DRONES. PLUS TAKE A CLOSER LOOK IN DETAIL FOR A CUSTOMER IN LA JOLLA CALIFORNIA. SO OUR CUSTOMER PLACES AN ORDER THE SAME WAY HE DOES TODAY. THIS SETS OFF A CHOREOGRAPHED SEQUENCE OF EVENTS OF THE NEXT EIGHT MINUTES. SECONDS LATER THE RESTAURANT RECEIVES THE OWNER OF THE — THE ORDER. SINCE A DRONE IS ALREADY ON SITE THE FOOD IS IMMEDIATELY READY TO BE UPLOADED ONCE IT IS PREPARED. THE DRONE TAKES OFF AFTER RECEIVING COMMAND-AND-CONTROL INSTRUCTIONS FROM THE ELEVATED COME CLOUD SERVICE. >>THE SAME TIME AND TAKES UP THE NEAREST DELIVERY PARTNER IS DIRECTED TO A LOCATION THAT IS SAFER DRONE DELIVERY. AFTER TAKEOFF THE DRONE IS MONITORED BY THE ELEVATE CLOUD SERVICES WHICH HAS SAFE AND EFFICIENT LOW ALTITUDE SPACE BY PROVIDING AIRSPACE DESIGN, AND DYNAMIC GEO-FENCING. THE DRONE THEN PREPARES FOR LANDING AFTER ONBOARD SENSORS SHOWS CENTIMETER LEVEL ACCURACY. AFTER LANDING THE CONDUCT THE FINAL HANDOFF TO THE CUSTOMER. CUSTOMER RECEIVES THE ORDER THE SAFE AND EFFICIENT WAY THROUGH SELECTION AND SPEED. SO JUST WALKED THROUGH THE CONCEPT OF AN INDIVIDUAL HERE. BUT WHAT DOES THIS MEAN FOR RESTAURANT OWNERS AND CUSTOMERS AT SCALE? LET’S TAKE A LOOK. KNOWING LA JOLLA CAN GET McDONALD’S DELIVERED RIGHT NOW BUT THE COVERAGE MAP SHOWS THE HUNDREDS OF THOUSANDS OF DELIVERIES THAT WE HAVE COMPLETED IN SAN DIEGO OVER THE PAST FEW WEEKS. THE WHITE DOT SHOWS McDONALD’S IS AVAILABLE THE BLUE DOTS REPRESENT WHERE WE CURRENTLY DON’T DELIVER IT BECAUSE WANT TO ENSURE THE HIGHEST FOOD QUALITY. HOW DO WE EXPAND THIS CURRENT MAP? WE HAVE THE SOLUTION OUT. DRONE DELIVERY. IT COULD EXPAND McDONALD’S POTENTIAL CUSTOMER BASE FOR DELIVERY. WE’VE SEEN WHAT IT LOOKS LIKE THE LARGEST RESTAURANT IN THE WORLD. BUT IT COULD HAVE AN IMPACT FOR JUNIPER AND IVORY. AS WELL. IT IS KNOWN FOR THE REFINED AND INNOVATIVE MENU ALONG WITH AN INCREDIBLE IN PERSON RESTAURANT EXPERIENCE. THEY’VE NEVER CONSIDERED DOING DELIVERY OR TAKE OUT. WHEN WE APPROACHED THEM ABOUT DRONE DELIVERY THEY WERE GAME. THROUGH DRONE DELIVERY WE ARE ABLE TO OPEN UP RESTAURANTS TRADITIONAL CUSTOMERS WITHOUT NEGATIVELY IMPACTING FOOD QUALITY AND OFFER THEM MORE RESTAURANTS TO CHOOSE FROM WHEN THE TURN TO UBER EATS. THE BEST PART OF THIS NONE OF THE RESTAURANTS OR CUSTOMERS HAVE TO CHANGE THEIR BEHAVIORS. RESTAURANTS PREPARE THE FOOD THE SAME WAY AND CUSTOMERS WILL RECEIVE THE FOR THE SAME WAY. THAT’S FOR THE MAGIC EXISTS. THREE LOOKED AT THE IMPROVED TRAVEL TIMES AND THE EXPENSE OF THE RESTAURANT THE NEIGHBORHOODS BUT THINK ABOUT THIS PLAYING OUT ACROSS THE ENTIRE NEIGHBORHOOD. IN THE WHOLE ECOSYSTEM OF UBER EATS. DRONE DELIVERY CAN INCREASE THE POTENTIAL CUSTOMER REACH WILL EXPONENTIALLY GROWING THE NUMBER OF VISIBLE RESTAURANTS FOR ALL OF OUR CUSTOMERS. WHILE ALL OF THIS IS IMPRESSIVE IT’S NOT THE END OF THE STORY. WE JUST TALKED ABOUT THIS TREMENDOUS MARKETPLACE COMBINED WITH THE LAST HUNDRED FEET OF DELIVERY. BUT DIVISION IS IMPOSSIBLE TO REALIZE WITHOUT A CLEAR REGULATORY PATHWAY TO DO IT. THE FAA IS WORKING HARD TO CREATE A PATHWAY TO CREATE THIS TECHNOLOGY. DESPITE THE POTENTIAL CUSTOMER IMPROVEMENTS WE CAN FACILITATE IT AS WE WILL NOT BE PURSUING IS THAT THE ORGANIZATION INSTRUCTOR OF THE PILOT PROGRAM. THE FAA HAS CLEARLY POSITIONED ITSELF AS A GLOBAL LEADER IN THE NATIONAL AIRSPACE. THEY MADE THIS ACTIONABLE FOR US COMBINED WITH THIS IS PERFECT TIMING WITH UBER AND UBER ELEVATE. IN 2017 THAT SELECTED 10 STATE LOCAL AND TRIBAL DEVELOPMENTS. THESE ARE WORKING WITH PRIVATE INDUSTRY LIKE OURSELVES TO VENTS DRONE DELIVERY INITIATIVES. THE PROGRAM IS HELPING FAA CREATE NEW REGULATIONS AND POLICIES AND PROCEDURES TO NEGATE — TO INTEGRATE MORE HERE. THE LEAD PARTICIPANTS ARE OFFERING A VARIETY OF OPERATIONAL CONCEPTS. IS A PUBLIC GOOD AND COMMERCIAL VALUE CONCEPTS AS WELL. THIS PROJECT HAS GIVEN US A LINE OF COMMUNICATION THAT HAS ENABLED US TO RAPIDLY CREATE NEW TECHNOLOGY, GATHER DATA TO SELL OF THE SATISFY THE REGULATIONS. SO LOOKING FORWARD THIS IS A TWO-PRONGED STRATEGY FOR US. WE ARE PLANNING FOR THE FUTURE BUT OPERATING NOW IN ORDER TO ESTABLISH A FRAMEWORK AND STRUCTURE THAT ALLOWS US TO SCALE TO THE VISION FOR UBER ELEVATE AND THE UBER CUSTOMER EXPERIENCE. WERE DESIGNING A DRONE TO CONDUCT THE SPECIFIC MISSION SO THE DATA THAT WE HAVE ALLOWS US TO DESIGN A VEHICLE BUILT SPECIFICALLY AROUND A PAYLOAD. SO WERE NOT BUILDING A VEHICLE AND FINDING MISSION FOR. WE HAVE THE MISSION AND ARE BUILDING A VEHICLE TO SUPPORT THAT SPECIFIC USE CASE. THE FUTURE MIND WE KNOW WE HAVE TO START NOW AND ARE CURRENTLY USING A COMMERCIAL DRONE THAT ALLOWS LIMITED COMMERCIAL DELIVERIES. LAST MONTH WE DID IN URBAN ONLINE DELIVERY. I’M ALSO PROUD TO SAY WE ARE IN THE FINAL STAGES OF THE ONE WE ARE IN THE FINAL STAGES OF THE 135 CARRIER CERTIFICATION. IT WOULD NOT HAVE BEEN POSSIBLE WITHOUT THE FAA. OUR TEAM IS EXTREMELY EXCITED ABOUT WHAT IS TO COME IN THE NEAR FUTURE. WITH THIS INCREDIBLE MARKETPLACE WITH THE OPERATIONAL FLEXIBILITY TO SOLVE THE LAST HUNDRED FEET OF DELIVERY AND WERE AT THE LAST GATE FOR THE 135 CERTIFICATION. SO NOW I WOULD LIKE TO SHARE A SHORT VIDEO OF THE WORK THAT WE’VE DONE IT AND WANTS TO GET TO THIS. >>TODAY WE ARE AT SAN DIEGO STATE UNIVERSITY FOR THE FIRST OF A SERIES OF TRIALS IN TERMS OF DELIVERING FOOD IN AN INTEGRATED WAY WITH UBER EATS. >>THIS IS A WONDERFUL OPPORTUNITY. AND I THINK WITH THIS COLLABORATION DOES IS MAKES IT REAL. YOU MAKE IT SEE WHERE THE BETTER DRONE DEVELOPMENT AND RESEARCH CAN REALLY CHANGE AND IMPROVE PEOPLE’S LIVES. >>THE FIRST TEST WE DID LAST YEAR WAS IN A CLOSED ENVIRONMENT. BE TESTED VERY SMALL SCALE THE CORE TECHNOLOGIES THAT WE THINK NEED TO GIVE THIS. — THAT WE THINK NEED TO EXIST. FROM THERE WE REALLY REFINE WHAT WE NEED AND GET THROUGH TO HER WE ARE OPERATING WITH DRONE DELIVERY OVER AN URBAN ENVIRONMENT. WHICH IS THE MOST CHALLENGING TO OPERATE A DRONE. THIS IS THE FIRST TEST WITH OUR PARTNERS AS WE ARE PUTTING THESE PIECES TOGETHER. WHAT WE DID WAS DEMONSTRATE HOW WE CAN START WITH IN ORDER, ACCEPT IT, LOAD IT INTO A SPECIALLY DESIGNED PACKAGING THAT IS ATTACHED TO THE DRONE. THEN FLIES A SIMULATED DELIVERY MISSION. AND DROPS OFF THE PACKAGE AT THE LOCATION. THEN THAT PACKAGE IS DELIVERED TO THE FINAL DESTINATION. TODAY WE DID A VERY LIMITED INITIAL RUN. WE WILL BE BUILDING UP IN COMPLEXITY OVER TIME AS ARE ABLE TO EXECUTE THE CIVIL MISSION IN A SAFE, REPEATABLE AND RELIABLE WAY. >>REALLY BELIEVE THAT NOT ONLY DOES IT MEET ALL THE REGULATIONS REQUIRED BUT IT ALSO MEANS THAT WE ARE OPERATING AS SAFELY AS POSSIBLE AND EFFICIENTLY AS POSSIBLE. >>LATE LAST YEAR WE WERE VERY RAPID HERE WITH THE VISION FOR SCALE. >>DELIVERING IN URBAN AREAS IS EXTREMELY HARD. ONLY GOVERNMENT CAN DO THIS. WE CAN LEVERAGE A COURIER NETWORK TO LAND ON CARS. DRONE DELIVERY HAS GAINED FROM THE ELEVATION OF SUCH A BIG THING RIGHT NOW. WE WERE GOING TO ANY RESTAURANT AND THEIR SEVEN PEOPLE WAITING TO PICK UP FOOD. ALL DRIVING IT TO SOMEONE’S HOUSE. IT’S A GREAT CONVENIENCE FOR PEOPLE. BUT IF YOU CAN MAKE IT MORE CONVENIENT THAT IS A PHENOMENAL IMPROVEMENT. >>GIVE IT UP ONE MORE TIME FOR LUKE AND LIZ. FOR NEXT SESSION, WE HAVE A PANEL OF INVESTMENTS BEING MADE. ACROSS ENTIRE URBAN INDUSTRY (AHEAD OF URBAN BUSINESS DEVELOPMENT. SHARING THE STAGE WITH INVESTORS WE’VE BEEN WORKING WITH FOR MANY YEARS TO LOOK AT THIS INDUSTRY AND COMPANIES THAT ARE INNOVATING IN THE SPACE. AND THESE CAPITAL PARTNERS HAVE BEEN MASSIVELY HELPFUL IN ASSOCIATING THIS ISSUE WITH US. SO PLEASE JOIN ME WITH WHITE SMITH AND THE PANELISTS. >>PLEASE WELCOME WHITE SMITH. HEAD OF BUSINESS DEVELOPMENT FOR UBER ELEVATE. AND PANELISTS JOHN HUNG, RYAN CHANDLER, JOSH CONNOR, AND JUDY RAYNOR. — JJ RAINIER. >>A MORNING. I’M VERY EXCITED TO BE JOINED THIS MORNING WITH A GROUP OF PARTNERS. THE NEXT IS FOCUSED ON ALL THE THINGS THAT ARE HAPPENING ACROSS THE VALUE CHAIN IN THIS INDUSTRY. AND WE CAN LOOK AT HOW TO EXPECT THINGS TO SHAPE IN THE YEARS AHEAD. I’M JOINED BY SEVERAL LEADERS ACROSS THE INVESTMENT LANDSCAPE. WE ARE GOING TO TAKE JUST A MOMENT TO INTRODUCE THEM AND THEN JUMP IN. THE MANAGE THE GREEN INVESTMENT PROGRAM HERE AND HAVE BEEN VERY FOCUSED ON MEMBER ASSETS AROUND THE WORLD. HE IS A WORLD LEADER AND EXPERT IN THAT FIELD. JOHN HUNG JOINS US FROM SOUTH BEND OF THE INVESTMENT DIRECTOR. HE LEADS MUCH OF THE WORTH WAS THE TRANSPORTATION LOGISTICS BASE INCLUDING SOME EXCITING INVESTMENTS THEY’VE HAD OVER THE LAST YEAR. AT VERIZON X THEY’RE VERY FOCUSED ON WAYS THAT THEY MADE IT ACROSS THE ECOSYSTEM. JOSH CONNOR JOINS US FROM THE TRANSPORTATION INFRASTRUCTURE FUND DJ RAYNOR JOINS US AS A PARTNER HERE AT THE ELEVATE TEAM BUT PRIOR TO THAT HE WAS HEAD OF FINEST FOR BOOM AEROSPACE INCLUDING THE FUNDRAISING PROCESS HERE. IN EXCESS OF $100 BILLION THANK YOU ALL VERY MUCH FOR BEING PART OF THIS AND SHARING PERSPECTIVE. SO VERY EXCITED APPROACH OF THE THINGS HAPPENING HERE. WOULD LOVE TO LEARN MORE ABOUT THIS. EXPLAIN WHAT THAT PARTNERSHIP IS AND WHAT IT MEANS? >>ALL WE DO IS INVEST IN TRANSPORTATION INFRASTRUCTURE. SPENT 23 YEARS WORKING THE TRANSPORTATION INFRASTRUCTURE COMPANIES AND FOUR YEARS AGO I SET UP A FIRM CALLED CONNOR CAPITAL TO FOCUS ON THE SPECIALIZED INVESTMENT IN TRANSPORTATION. IS WORKING WITH OAK TREE AS WELL. WE ARE INVESTING IN TRANSPORTATION INFRASTRUCTURE BROKE AND BY SPECIALIZING MORE AND MORE, WITH THE BEST OPERATING PARTNERS THAT ULTIMATELY PROVIDE THE BEST CUSTOMER SERVICE. THEY SET UP A DEDICATED INFRASTRUCTURE FUND WITH $2 MILLION OF ASSETS SENATE — MANAGEMENT. THE BIGGEST REPORT AS A PARTNERSHIP IN NORTH TEXAS WITH UBER AND HILLWOOD IS SOMETHING VERY NATURAL TO US. IS A GREAT LOCAL PARTNER AND REAL ESTATE DEVELOPER. AND THEN WHEN YOU THINK ABOUT THE DATA THAT YOU CAN GET AS A DEVELOPER OR AN INVESTOR, WE THE TRANSPORTATION INFRASTRUCTURE ON A MULTI-BASE. THERE’S A FANTASTIC PARTNER ABOUT IT. THE GROWTH IN HELPING CREATE THIS INDUSTRY HERE. >>OUR UNDERSTANDING IS THAT IT’S IS MUCH BIGGER PLATFORM WE JUST DEFINITELY THINK ABOUT THIS WITH THREE SEPARATE CATEGORIES OR INJURY RELATED CATEGORIES FOCUSED ON DEVELOPING THE INFRASTRUCTURE PROVIDING NEW SET OF SERVICES TO THE MACRO TRANSIT THAT WE ARE SEEING THROUGH TRANSPORTATION AND THE SECOND IS AROUND TECHNOLOGY. THAT TECHNOLOGY WE ARE VERY INTERESTED IN WHAT FOCUSES ON INTEGRATION AND THE IMPORTANCE OF INCREASING MOBILIZATION RATES. THAT IS DYNAMIC OVER THE COURSE OF THE DAY AND THAT TECHNOLOGY SAID IS VERY INTERESTING TO US. TAKING A BIG STEP BACK WITH ELECTRIFICATION AND THE ABILITY TO USE MORE INTEGRATION SITES WHERE YOU CAN FORGET AS IT IS VERY SEXY THING ABOUT YOUR TAXES AND FLYING TAXIS BUT THEY WILL BECOME A GREAT ASSET THEY’RE LOOKING ONE-WAY FROM HOW THEY WOULD CONCEPTUALIZE THE BROAD VISION. SPEAKING OF VISION THAT’S A GOOD SET UP. >>MAY HAVE HIGH IMPACT HOW WOULD YOU THINK ABOUT THIS? FROM A MOBILITY SECTOR PERSPECTIVE? ON THE DIVISION FUND? >>GOOD MORNING EVERYONE. WE ARE EXCITED TO BE HERE. IT IS AN EXCITING TIME IN THE MOBILITY SPACE. ALL OF YOU SEE THE ACTIVITY WITH THE OPPORTUNITY WITHIN MORE THAN JUST THE MOBILITY SPACE FOR US. THE FOCUS ON THE SECTOR THROUGH AUTONOMY. WE HAVE THE HELP IN THE PORTFOLIO HERE. IT FULFILLS THE MOBILITY WITH THE PARKING NATURALLY NOT SEEMINGLY DIVISION FUND. BUT GIVEN WHAT THEY ARE SEEING IS AN OPPORTUNITY WHICH IS WHY WE WERE EXCITED THERE IS DIFFERENT ASSETS HERE. TELL US A BIT BEFORE ALL THAT. THERE WAS THE COMBINATION OF SERIOUS INVESTMENT WITH SUBSTANTIAL MINORITY INVESTMENT HERE. AND YOU HAVE THE TECHNOLOGY WITH THE PARKING COMPANY AND ALSO HELP THEM FINANCE THE ACQUISITION OF SUSAN’S PARKING HERE. TO THE COMBINATION THAT WE HAVE INFLUENCE OVER 4500 LOCATIONS ACROSS THE U.S. AND THROUGH THAT PARKING MANY OF YOU BASICALLY WANT PROXIMITY TO ALL OF YOU. WILL MAKES YOU HAPPY WITH THE UBER EXPERIENCE AS YOU CAN GET HERE IN FIVE MINUTES. IF YOU WERE TO UBER YOUR FOOD FROM UBER EATS THEN YOU WANT THAT FOOD TO GET US AS QUICKLY AS POSSIBLE. IT’S ABOUT REUSING AND REIMAGINING WHAT PARKING ASSETS DO AND THROUGH THE MULTI USE CASE ACTUALLY INCREASE THE VALUE TO BOTH THE PARKING MANAGER AND THE NETWORK OPERATOR LIKE UBER WOULD BE ABLE TO USE. >>LOTS OF INFRASTRUCTURE AND SITES ON THE PANEL FOR SURE. AND BOEING IS A WORLD LEADER OBVIOUSLY IN THIS INDUSTRY. BUT YOU MANAGE MUCH MORE THAN JUST VEHICLES. SO YOU UNDERSTAND HOW MUCH YOU HAVE HERE ARE THE BIG DEALS. >>SO IT HAS BEEN AN EXCITING COUPLE OF YEARS SINCE WE LAUNCHED ADVENTURE INSIDE OF BOEING. WE ARE EXECUTING IT THROUGH WITH MOMENTUM.>>WE ARE SERIOUSLY COOL INCORPORATING DRONES INTO NATIONAL AIRSPACE. IT IS TOO COMPLICATED FOR HUMANS TO DO ALONE. SO WE REALLY WANTED TO GET THE AI AND SECURITY AROUND LIKE CHAIN AS WELL. THERE IS A DEDICATED JV THIS REALLY PIONEERING SOME GREAT ADVANCES IN THAT SPACE. THE DISCRETE TECHNOLOGY SIDE, AND ELECTRIFICATION IS BEEN A BIG THING OVER THE PAST DAY OR TWO. THEY’VE INVESTED IN Q BERG DOING AMAZING THINGS WITH ENERGY DENSITY IMPROVEMENTS AND WITH CHEMISTRIES YET AGAIN. THE RESULTS SO FAR HAVE BEEN TREMENDOUS. STEPHEN ORLAND WHO THEY MENTIONED EARLIER IS VERY FOCUSED AND LESS 50 FEET OF FLIGHT. REALLY GETTING THE AUTONOMY SYSTEMS NOW DOWN TO MAKE SURE THAT THAT CRITICAL ASPECT OF FLIGHT IS PERFECT. >>SO IT WASN’T LONG AGO THAT YOU WERE ON THE OTHER SIDE WITH EVERYONE ON THIS PANEL. WHAT DID YOU THINK THAT WOULD BE TRANSFORMED HERE? >>SPEAKING FOR THE VEHICLE FUNDRAISING PERSPECTIVE, INVESTORS TRULY UNDERSTAND WHAT THIS OPPORTUNITY REALLY IS. MORE THAN JUST A VANITY PROJECT FOR THE ULTRARICH. IT IS ABOUT A CONSUMER PRODUCT THAT IS GOING TO TRANSFORM THE WAY WE MOVE ABOUT CITIES. AND IT WILL BE DENOMINATED IN THE TENS OF THOUSANDS FOR PROGRAM SIZE. THEY HAVE TO BELIEVE IN THAT MARKET OPPORTUNITY ARE THERE’S NO WAY TO GET PAST THE TECHNICAL CAPITAL ENGINEERING AND CERTIFICATION RISKS TO SEE THROUGH TO THE OPPORTUNITY AT THE OTHER END OF THE ROAD. >>THAT IS GOOD INSIGHT. >>SPEAKING OF THAT, AS YOU THINK ABOUT RIDESHARING AS A NEW ASPECT OF THE CLASS OF INFRASTRUCTURE. HOW DO YOU LOOK AROUND WHAT THE FUTURE IS MOTIVATING PEOPLE. WHAT ARE THINGS THAT WE GET A LOT IS TAKING A BIG STEP BACK. SO UBER HAS REALLY MADE A BIG AND BOLD THAT ON THE FUTURE THE INDUSTRY. IT IS ALL NEW HERE. BUT IT ALL SOUNDS VERY WEIRD. WE ARE FOCUS ON DOWNSIDE PROTECTION AND THINGS THAT CAN BE SOLID AND UTILITY COMPANIES HERE. THE REASON THE PARTNERSHIP FROM OUR PERSPECTIVE MAKES SO MUCH SENSE IS AN OPPORTUNITY TO FOLLOW SO MUCH SENSE HERE. WE LOOK AT URBAN ENVIRONMENTS YOU MAY START TALKING WE ARE FOCUSING ON ACTUALLY INVESTING ASSETS AND IN WAYS THAT WE CAN FULFILL OUR MANDATE. THE BEST WAY TO MAKE MONEY AS AN INVESTORS TO NOT LOSE IT FIRST. IT TAKES A LOT OF TRAINING TO GET THERE. >>EXACTLY. WRITE THAT DOWN. WHAT WE ARE LOOKING AT IS WHAT IS THE BUILDING? WE WE TALKED ABOUT ON AIRPORT WITH A LOT OF THE PEOPLE USING THAT FACILITY. THE GOOD OTHER NORTH TEXAS AND WHAT DOES THE MULTI MOBILE BUILDING LOOK LIKE. IF YOU LOOK AT URBAN PARKING LOT WE REALIZE I WAS A THREATENED OPPORTUNITY. IT WOULD BE CONSTRAINED BUT IT COULD BE DEVELOPED INTO A CONDOMINIUM OR SOMETHING LIKE THAT. NOW WE TAKE A DIFFERENT VIEW. URBAN PARKING COULD BE THE CASH FLOW THAT GET YOU THROUGH TO THE MULTIMODAL USES USAGE AND THE AVAILABILITY FOR FLEET SOLUTIONS AND JUMPED CHARGING. THEY HAVE THE MULTI MOBILE HUB AND IT IS SET UP TO NATURALLY PUT IN SKY PORT. WHICH YOU KNOW BY PARTNERING WITH UBER. THAT’S A GREAT SPOT THAT THEY POSSESS. IF YOU TAKE A LONG ENOUGH VIEW THE NATURAL FIT IS THERE. BUT ALSO HAS A MODEL WITH DOWNSIDE PROTECTION. >>THAT PAINTS A VERY INTERESTING PICTURE FROM A FINANCIAL INVESTORS PERSPECTIVE. HOW IS IT SIMILAR OR DIFFERENT? >>OKAY. FOR US AS YOU MENTIONED THE BEGINNING WE THINK OF IT AS AN ECOSYSTEM OF DISCRETE CAPABILITIES AND INFRASTRUCTURE BUSINESS MODELS COMING TOGETHER. THERE’VE BEEN COMPANIES HERE, WAS WHAT WE ARE LOOKING AT WAS INTERSPACED TECHNOLOGY. WE ARE LOOKING AT UNIQUE PIECES FROM THE SAFETY HERE. WE HAVE RADAR SOLUTIONS HERE AS WELL AND THE INFRASTRUCTURE IS VERY INTERESTING AS WELL. KNOW THE OTHER SORT OF CONVENIENCES HERE. WITH WHAT GOES ON AROUND THAT. >>OKAY. SO I THINK WE’RE OBVIOUSLY VERY LONG-TERM INVESTORS MAKING BIG BETS THAT ARE GOING TO CHANGE THE WORLD. AND TIMING IS CORE TO THAT. THEY’VE MADE VARIOUS INVESTMENTS ON THE SPACE INCLUDING UBER ATG WHICH WE ARE VERY EXCITED ABOUT. BUT FROM BOTH THE SHORT-TERM TO THE LONG-TERM, I THINK THAT WE HAVE TO BUILD UP TO THOSE STEPS. STARTING WITH THE ORIGINAL INVESTMENT IN UBER A FEW YEARS BACK WE SEE THE BUSINESS GROW AND THE OPPORTUNITY WITHIN UBER AND OTHER SUBSECTORS WITHIN THE MOBILITY. THIS WILL BE ONE OF THOSE GAME CHANGERS ESPECIALLY TO CHANGE THE ECONOMICS OF THE BUSINESS. SO AS YOU THINK ABOUT HOW CHANGES THAT EACH STEP AROUND BEING SHARED AND IN A MULTIUSE AND MULTIMODAL CASE, EVENTUALLY THAT WOULD BE AUTONOMY AND IT WILL CHANGE EVERYTHING THAT WE DO. >>AND WE ARE VERY APPRECIATIVE OF THE SUPPORT OF OUR PARENT COMPANY. FROM THE PERSPECTIVE OF THINGS THAT ARE CHANGING THE LANDSCAPE I WOULD ADD ELECTRICAL ELECTRIFICATION TO THAT AS WELL. WE GOT A TASTE YESTERDAY FROM SOME OF THE WORK THAT IS BEEN DONE WITH THINKING OF THE FUTURE HERE. DO YOU KNOW WHAT THE COURT CHALLENGER REX MADE MAYBE JOSH YOU CAN KICK US OFF? >>I WAS SO GLAD WE HAD SO MANY REGULATORS HERE YESTERDAY. IF YOU TALK TO PEOPLE STEEPED IN AVIATION KNOWLEDGE, WE ARE FORMER CEOS AND ETC. THE BIGGEST SKEPTICAL RESPONSE YOU WILL GET THERE IS THAT WE WILL NOT GET THERE FROM REGULATORY PER PERSPECTIVE. THE REASON I’VE BEEN PLEASED WITH THE INVOLVEMENT AND COLLABORATION WITH REGULATORS IS THAT THIS NEEDS TO BE A SOLUTION AND I THINK THERE’S OPPORTUNITY FOR REAL LEADERSHIP. IF SOMEONE SAYS THIS IS GOING TO IMPROVE AND I’M SO GLAD YOU SAID IS NOT JUST FOR THE ULTRA- WEALTHY. BECAUSE MOST PEOPLE THINK ABOUT HELICOPTER MOVEMENTS IT’S A BILLIONAIRE TRYING TO GET SOMEWHERE FASTER. IF YOU THINK ABOUT WHAT UBER COPTER IS GOING TO DO OR ELEVATE IT IS JUST GOING TO BE MORE NORMAL TO DO SO. IT’S A HARD THING FOR PEOPLE TO SEE THAT. SO I THINK FOCUSING REGULATORS ON THE BENEFITS TO THE COMMUNITIES IN THEMSELVES OF BEING LEADERS IN THIS MARKETPLACE IS ENORMOUS. REASON I START THAT I THINK IT’S THE BIGGEST RISK HERE. MOST OF THE TECHNOLOGY FOLKS ARE ROLLING THEIR EYES BECAUSE WE CAN’T GET THROUGH THREE ENVIRONMENT HERE BUT YOU HEARD THE WORD ACCEPTANCE MENTIONED MANY TIMES. IS NOT THAT WE ARE NOT FOCUSED ON SAFETY OR CYBER SECURITY A LOT OF THE THINGS THAT HAVE BEEN DISCUSSED AT LENGTH HERE. THE TOP CONCERN THAT WE HAVE IS HOW DO YOU CREATE CONES AND PATHWAYS TO THE REGULATORY ENVIRONMENT THAT IS SUPPORTIVE OF THIS. WHICH IS WHY I’M GLAD YOU’RE FOCUSING ON SPECIFIC AREAS BECAUSE IT’S AN OPPORTUNITY FOR LOCAL LEADERSHIP. >>ANY OTHER THOUGHTS AROUND PATHWAY AS YOU CONTEMPLATE INVESTMENTS IN INVESTMENT OPPORTUNITIES WHETHER IT’S ON BATTERY CIDER ARE ON SYSTEM CHANGES? >>FROM US WHEN STARTING AT THE TECHNOLOGY LEVEL OBVIOUSLY BATTERY TECHNOLOGIES CAN BE DANGEROUS. SO HOW DO YOU ADD AN ELEMENT OF SAFETY TO MAKE IT AEROSPACE GRADE OR AEROSPACE WORTHY. NOT JUST ACCEPTABLE TO HAVE A COMMERCIAL RATE OR THINGS LIKE THAT. REALLY ADVANCING THE TECHNOLOGY SO PEOPLE CAN FEEL COMFORTABLE AND IT’S READ THE REST OF THE INFRASTRUCTURE AS WELL. WITH THE CHARGING INFRASTRUCTURE THAT HAS THE ECONOMICS OF THE PLATFORMS ATTRACTIVE ENOUGH SO THEY CAN BE CHARGED IN A QUICK ENOUGH FASHION AND THE OPERATORS CAN MAKE MONEY. IT WILL NOT BE VERY GOOD BUSINESS MODEL HERE. >>SO WHAT ARE WE MISSING? WE TALKED TO REGULATORY ISSUES WHAT ARE THE OTHER ELEMENTS? >>OVER BEER I WOULD BE GLAD TO TELL YOU ABOUT ALL THE MISTAKES I MADE. IN REGARD TO CHARGING INFRASTRUCTURE. WHO HAD LUNCH OUTSIDE YESTERDAY? AND WHO STUDIED THE QUEUING MATH ALONG THE LINES? >>WE’VE OPPORTUNITIES FOR IMPROVEMENT RUN THE FLOW IT’S A PERFECT EXAMPLE I THINK THERE IS PLENTY OF FOOD FOR EVERYONE. YET THERE ARE CHALLENGES TO THOSE SITUATIONS AS WELL. IT’S EASY TO OVERBUILD ARE UNDER BUILD IN THESE SITUATIONS. THE MAP IS RELATIVELY SENSITIVE. FIGURING OUT WHAT YOU THROUGH POINT IS GOING TO BE AND HOW ACCURATE YOUR FORECASTS ARE WITH HOW MANY CHARGING STATIONS OR LINES YOU NEED IS SUPER IMPORTANT. ADDING ONE CHARGING STOCK CAN MAKE A TREMENDOUS DIFFERENCE. IF YOU DECIDE YOU NEED TO CHARGE FOR VEHICLES SIMULTANEOUS THAT MAX POWER YOU NEED TO THAT ALL THE TIME. MIGHT HIT AN INCREMENTAL STEP IN THE COST OF BRINGING THAT POWER CONNECTION TO THE GRID. THE COST SIDE OF THE EQUATION IS NOT DISCRETE. WORKING WITH REGULATORS FOR EXAMPLE ON WHAT THE SPECIFICATIONS OF THE SWITCH ARE AND YOU NEED TO THINK ABOUT THAT AND SIMULTANEOUSLY HOW YOU ARE OPTIMIZING THE CHARGING STATION ITSELF. IF YOU COULD IMPLEMENT A SMALLER CONNECTION A SMALLER OPTIMIZATION AT THE SITE. AND THAT WILL MAKE A BIG DIFFERENCE. IT ULTIMATELY BECOMES AN OPTIMIZATION PROBLEM THAT REQUIRES A LOT OF INPUTS ACROSS THINGS LIKE PERMITTING AND REGULATION. IT’S EASY TO MAKE MISTAKES. THE FIRST CHARGING STATIONS AND MY TEAM WAS RESPONSIBLE FOR BUILDING JUST TO GIVE YOU AN EXAMPLE, WE THOUGHT THAT FOR HIGH-POWERED STALLS WAS GOING TO BE ENOUGH. IT WAS THE FASTEST CHARGER ON THE PLANET WAS LIKE 100 KILOWATTS OF THE TIME. IT DIDN’T TAKE LONG BEFORE THERE QUEUING UP IN THE PARKING LOT. IF YOU’RE WAITING TO FAST CHARGE YOU DEFEATED THE PURPOSE OF THE TECHNOLOGY. >>SOME IRONY THERE. >>EXACTLY. BUT IT’S PRETTY EASY TO DO AND IS RELATIVE. RELATIVELY COMPLICATED THAT IS. BUILDING IN ONE OF THE KEY TAKEAWAYS IS MAKING SURE THAT YOU UNDERSTAND THE DEGREES OF FREEDOM AND BILL FLEXIBILITY INTO THE INFRASTRUCTURE AND ENVIRONMENT. YOU CAN FIND IT IS PRETTY KEY. >>THERE ARE DOZENS AND DOZENS OUT THERE LED BY ARTHUR NORRIS WHO ARE BRILLIANT IN APPLYING CONCEPTS OF PROPULSION. IN NOVEL WAYS OF BEING ABLE TO BUILD ON EXISTING CONCEPTS. AM CURIOUS ABOUT AS YOU ARE EVALUATING DIFFERENT OPPORTUNITIES FOR INVESTIGATING PLATFORM COMPANIES HOW DO YOU THINK ABOUT WHAT MAKES THE IDEAL CASE? DOES ANYONE WANT TO KICK US OFF HERE? >>OKAY. SO I WILL VENTURE A THESIS AND SEO FOLKS FEEL ABOUT IT. I THINK THE FUNDAMENTAL THESIS IS MAKING SURE THE ECONOMICS EMBEDDED IN THE DESIGN IN TERMS OF WHAT WILL BE THE DIRECT OPERATING COSTS ARE PARAMOUNT. IT IS PARAMOUNT THAT THEY BE COMPETITIVE AS WELL NOT WITH THE SOLUTIONS THAT WE KNOW BUT WITH THE SOLUTIONS THAT ARE AROUND THE CORNER. BECAUSE THE LIFECYCLE IS MULTIYEAR AND SOME MULTI-DECADE. THERE’S NO POINT IN INVESTIGATING TO HAVE YOUR COMPETITOR GET THERE AND MAKE YOUR UNECONOMIC. SO I THINK THAT TRANSLATES TO IS THE DESIGN FOR ELECTRIC AS A SOLUTION. IT’S VERY HARD TO RETROACTIVELY FIT THE SOLUTION THAT WASN’T MEANT TO BE ELECTRIC AND DESIGNED FOR AUTONOMY. >>I THINK IT WAS ALL REALLY GOOD EXAMPLES HERE ARE FOUR SHOULD HAPPEN. NO ONE WOULD’VE SAID 50 YEARS AGO THAT THERE WAS ONLY GOING TO BE ON AIRCRAFT PROVIDER. OR ONE AIRPORT OWNER OR ONE OPERATOR. WHEN YOU HAVE A MOVEMENT LIKE THIS IN THE MULTIPLE PARTIES COMPETING IN BUILDING GREAT PRODUCTS. I’M SO GLAD YOU TALK TO UTILIZATION. HAVING SPENT A LOT OF TIME IN THE AIRLINE WORLD THERE NOW IN A POSITION WHERE THEY’RE MAKING MONEY. BUT IS STILL VERY SMALL RELATIVE TO OTHER DISTRICTS. IF YOU LOOK AT A COMPANY LIKE FRONTIER TO UTILIZE THEIR AIRCRAFT HERE. SO THINK ABOUT THE FACT THAT NOBODY WANTS TO TAKE OFF AT 3 AM. YOU ONLY HAVE SO MUCH OF THE DAY WHERE IT IS THAT ATTRACTED TO PASSENGERS. THAT ASSET UTILIZATION BRINGS YOU TO THE POINT WHERE THESE ARE REAL BUSINESSES THAT WILL DEFINE THE WINNERS VERSUS THE LOSERS. SAFETY IS GOING TO BE FIRST WITH OPERATIONAL EXCELLENCE. ELECTRIFICATION DO YOU HAVE THE INFRASTRUCTURE? I MEAN YOU ARE SITTING THERE IS A BUSINESS OWNER OR PARTICIPANT IN ANY WAY AND IT IS NOT WORKING OR SOMETHING THAT CAN REAL WORK COURSE OF THE INDUSTRY. >>THAT SHOULD BE THE DEFINING RULE FOR MANUFACTURERS. THAT WHOEVER THE OPERATOR IS, THEY COULD SERVICE A COMPANY LIKE UBER AS MANY TIMES AS IT NEEDS TO BE SERVICED OR EVEN IN DECADES AS THEY LOOK AT THE SLIDE HERE. >>WE HAVE STRUCTURAL DAMAGE AND OPERATING COSTS AROUND UTILIZATION. WERE THE OTHER BIG CHECKS THAT YOU PUT AGAINST POTENTIAL INVESTMENTS IN THIS PLATFORM MAKER? >>I WOULD SAY ALSO TO TOUCH ON WHAT JUST ON WHAT JOSH SAID IT WOULD BE IMPORTANT FOR REGULATORY INFRASTRUCTURE ALONG WITH THESE DETAIL MAKERS BUT THERE’S AN EMPHASIS ON SAFETY. FOR THAT PERSPECTIVE I WAS THINKING ABOUT THE MISSION RIGHT FOR THE VEHICLE AND WHAT ARE THE CONTINUED INTEGRATIONS FOR THE BILL — VEHICLE THAT WILL ALLOW FOR SAFE OPERATION. IS WANTING TO GET SOMEWHERE QUICKLY BUT IF YOU DON’T GET THERE SAFE IT WOULD BE A VERY GOOD VEHICLE. >>I AGREE. AND I THINK WE ALL AGREE THERE. IT IS PARAMOUNT. ANY FOCUS ON THE TEAM ON THE CORPORATE INTEREST SIDE? >>WE OBVIOUSLY SEE A LOT OF PLATFORMS I THINK HUNDRED AND 60+ HERE ARE PLATFORMS THAT HAVE COME ON THE RADAR SCREEN SINCE WE LAUNCHED VENTURE. AND I AGREE WITH ALL THE COMMENTS FROM THE PANEL. THOSE ARE ABSOLUTELY CRITICAL THINGS THAT WE TRY TO ASSESS AND THE WAY WE ALSO DO THAT GOT CHECK EARLY ON, WE ADMIRE AND APPRECIATE THE BOLD VISIONS THAT A LOT OF THE FOUNDING TEAMS ARE PUTTING OUT THERE. WE WANT TO SEE THAT TEMPERED WITH AN APPRECIATION AND RESPECT FOR THE CHALLENGES OF DOING THINGS IN AVIATION AND AEROSPACE. AND HAVING THAT BE A CORE OF THE THINKING AND DESIGN FROM THE VERY BEGINNING AND NOT JUST AN AFTERTHOUGHT. WE REALLY THINK THROUGH AND LOOK AT HOW THE CONCEPT CAME ABOUT AND WENT INTO THOSE DESIGNS. WERE ALSO INVESTIGATING MANAGEMENT TEAMS. IT IS THE PEOPLE AND THE MANAGEMENT OF THESE COMPANIES THAT IS AS IMPORTANT AS THE TECHNOLOGY AT THE END OF THE DAY IF YOU WANT TO SEE IT THROUGH TO FRUITION AND SUCCESSFUL COMPANIES. WE SPENT A LOT OF TIME WITH RESEARCH UNDERSTANDING HOW THEY HAVE FILLED CRITICAL GAPS IN TECHNICAL EXPERIENCE TO HELP THEM HERE. AND WHERE THEY DON’T HAVE THAT WE WANT TO COMPLEMENT THAT WITH THE EXPERIENCE FROM BOWING POTENTIALLY. AND LASTLY, HAVE THEY GIVEN A THOUGHT TO SUCCESSFULLY GETTING A ONE-OFF PROTOTYPE, HOW DO YOU SCALE? WHAT IS THE CONCEPT IN THE DESIGN THAT IS BILL FOR MANUFACTURABILITY? ON THE LARGE KIND OF INDUSTRIAL SCALE. THAT ECONOMIC EQUATION CAN ALSO BE VERY CHALLENGING AS I WAS ABLE TO BUILD IT WANTS. BUT CAN I BUILD IT CHEAPLY AND EFFICIENTLY? >>THE INDUSTRY HISTORICALLY HAS PRODUCED THINGS WITH HIGH TOUCH PROCESSES. AND AS WE CONTEMPLATE WAYS IN WHICH IT EVOLVES TO HAVE MORE AUTOMOTIVE LIKE PRODUCTION IN TERMS OF THE STRUCTURE AND THE RATES IN WHICH WE CAN GROW THERE ARE REAL CHALLENGES HERE. I AM CURIOUS HOW YOU HANDICAP THE AUTOMAKERS? DO YOU THINK THAT THERE IS A ROLE FOR THEM? DO YOU THINK THE CHALLENGES AROUND SAFE AND RELIABLE PLATFORMS IS SOMETHING TO LOOK AT HERE? LET’S START WITH BRIAN. >>I THINK IT IS ALL COMPLEMENTARY. I THINK, THERE ARE SO MANY DISCRETE PARTNERS THIS ECOSYSTEM THAT EVERYONE BRINGS UNIQUE VALUE INTO THE EQUATION. AUTOMAKERS OBVIOUSLY HAVE EXPERIENCE OF BUILDING THINGS WITH INCREDIBLE RUNWAYS. WE GET EXCITED TO BUILD THINGS THAT 50 A MONTH WHICH IS KIND OF LIKE A COUPLE OF MINUTES TO THEM. BUT I THINK THERE’S DEFINITELY AN EXPERIENCE THERE AND SOME BOLD VISIONS THAT AUTOMAKERS ARE HAVING ON HOW THEY PARTICIPATE. WE THINK THAT THEY WILL PLAY A RELEVANT ROLE. >>I THINK IT IS PARTICULARLY IMPORTANT FOR INNOVATIVE STARTUPS THAT THEY DON’T HAVE THE MANUFACTURING EXPERIENCE THAT BOEING HAS. BECAUSE, OBVIOUSLY THESE ARE THE CREST FALLS TO BE CERTIFIED AND BE ABLE TO MANUFACTURE OF HIGH QUALITY, ONCE AGAIN IT WILL BE CRITICAL TO THE SAFETY ELEMENTS. >>CERTAINLY. LET’S SYNTHESIZE SOME THINGS HERE. THERE IS A THING AROUND DIVISION FOR THE BUSINESS CAN YOU BUILD A COMPELLING VISION FOR THE FUTURE. THE QUALITY OF THE TEAM THAT IS BACKING IT. THE OPERATIONAL PLAN TAKES IT THROUGH A CHALLENGING SET OF SEQUENCE PROCESSES. AND THEN THE WAY IN WHICH THEY CAN KEEP IT ONCE THEY DO SO. THAT STRUCTURAL MANAGEMENT WITH OTHER INTERESTS. TO THE EXTENT THERE ARE ALTERNATORS AMONG US IN THIS ROOM. I THINK THEY’RE GOOD LESSONS TO BE DRAWN FROM THAT. AND THE OTHER THOUGHTS ON HOW YOU WOULD EVALUATE THE DETAIL PLATFORMS BEFORE WE MOVE FORWARD? HEARING ON, I’M GOING TO TAKE THAT AS CONSENSUS. OKAY. SO THAT IS ON THE VEHICLE SIDE WHICH IS CRITICAL TO TURNING ON THIS ECOSYSTEM AS WE’VE ALREADY TALKED ABOUT ON THE PANEL HERE. THE INFRASTRUCTURE ON WHICH THE TAKE OFF AND LAND IS ALSO CRITICAL. WE’VE HEARD A BIT ABOUT THE VISION THAT YOU ARE SITTING HERE AND MOVING IT FORWARD. I’M INTERESTED IN TALKING ABOUT THE FUTURE OF SKY FOR NETWORK STRUCTURE. THIS VERY COOL SESSION COMING UP SOON ABOUT SOME OF THE WORK BEING DONE AROUND THIS AND WHAT IT WILL LOOK LIKE. GOING TO PREVIEW THE LEAD TO SAY THAT THAT MAYBE ONE OF THE BIG TAKEAWAYS FOR THIS HALL SUMMIT. FOR THE PANEL, WHAT YOU THINK THE INFRASTRUCTURE OF THE FUTURE WILL LOOK LIKE IN THIS INDUSTRY? HOW WILL PEOPLE EXPERIENCE IT? WHAT WILL CITIES LOOK LIKE AS THINGS MOVE FORWARD? JOSH? >>OKAY. SO I LOVE RENDERINGS AND VIDEOS. AND ONE OF THE THINGS WHEN YOU LOOK AT WHAT UBER ELEVATE IS DOING, IT IS A HUGE, BOLD THAT. IT IS EXPENSIVE AND COMPLICATED BUT WHAT YOU SAID FROM THE FIRST TIME THAT WE MET IS THAT WE ARE DOING THIS. AND THAT IS EXTREMELY HELPFUL. FOR THE INDUSTRY TO FOLLOW. BECAUSE IF YOU KNOW A COMPANY LIKE UBER IS FOCUSED ON IT THAN THEY’RE GOING TO SEE IT THERE AND THEY’RE GOING TO DO IT. IF YOU ARE IN INFRASTRUCTURE MANAGER OR AN ENTREPRENEURIAL DREAMER WHO IS BEEN DREAMING ABOUT THIS SINCE YOU WERE A KID, IT ACTUALLY ACCELERATES TO WHERE WE ARE NOW WHICH I FEEL LIKE IT IS FINALLY WITH US. AND THEY’VE DONE A GREAT JOB LEADING US HERE. ON THE INFRASTRUCTURE SIDE, THERE IS SO MUCH TO GET RIGHT THAT ONE OF THE THINGS THAT I LOOK AT WHEN I’M SITTING HERE, IS THAT IF WE HAVE THE ELECTRIFICATION RIGHT IN THE UTILIZATION RIGHT, THE DESIGN OPPORTUNITY IS GOING TO BE ONE OF THE MOST EXCITING PARTS. AND THEN THEY MAKE IT ALL LINKED TOGETHER IN A WAY THAT IS VERY EFFICIENT. SO HOW DO YOU ACTUALLY GET FROM THE STREET TO THE TOP OF THE AIRCRAFT AND HOW DO YOU MAKE THAT EFFICIENT? BECAUSE OBVIOUSLY THE FIRST TIME THEY DO IT THERE WILL BE A NOVELTY FACTOR. A YEAR IN PEOPLE ARE GOING TO BE WHY MY WAITING THREE MINUTES? WHERE IS GREG? SO I THINK THE FOCUS ON WHAT THE BUILDING NEEDS TO LOOK LIKE AND THEN FROM OUR PERSPECTIVE WHAT ELSE IS IN THERE. BECAUSE THAT IS WHEN YOU LOOK AT A TRANSPORTATION ECOSYSTEM. HAVING MULTIPLE CUSTOMERS AND MULTIPLE USES. ON THE AIRPORT SIDE WE SPEND A LOT OF TIME ON DEMOGRAPHICS IN HERE WITH THE SAME THING. WHERE IS THIS LOCATED AND IS IT CONVENIENT FOR PEOPLE TO WORK, LIVE, TRAVEL IN AND OUT OF. SO THE CONSENSUS AROUND THE LOCATION THE INFRASTRUCTURE TO ME IS GOING TO BE VERY IMPORTANT. I’M VERY MUCH LOOKING FORWARD TO THE DESIGN PART LATER AS THIS IS WHERE I HAVE VERY LITTLE EXPERTISE BUT WE LOVE PARTNERSHIPS AND WORKING WITH PEOPLE WHO DO THAT EXTREMELY WELL. >>I’M GOING TO CONTINUE TO HYPE IT UP. IT WILL BE GREAT. OTHER THOUGHTS. HOW IF THINGS CHANGE? >>I THINK WHAT IS INTERESTING ABOUT UBER HAVING TAKEN THE LEAD HERE, IS THE DATA THAT YOU CAN HELP PEOPLE IMAGINE AND LOCATE THE MOBILITY HUBS IN THE SPORTS AROUND THE MOBILITY HUB LIKE A WIRELESS TOWER FOR THE NETWORK. SO WAS IN THAT THE OTHER BENEFIT THE RIGOR TO BRING TO THIS AND OTHERS WORKING THE SYSTEM, TAKING THE LEAD TO THAT MULTI USE CASE ENDS BEING A TRANSIT POINT. YOU BE CATCHING YOUR UBER ELEVATE AS IT COMES IN AND YOU CAN GET IN AND OUT QUICKLY. MAYBE YOU ARE LENDING ON THE OTHER SIDE SO WE INVESTED IN A COMPANY CALLED GET AROUND. IS IT EASY TO GET IN AND OUT? FROM THE PLANE TO WHATEVER YOUR OTHER MODE OF TRANSPORTATION IS. I THINK THAT’S WHAT’S REALLY EXCITING ABOUT THESE VARIOUS CONCEPTS WHICH WILL EVOLVE DEPENDING ON THAT SPECIFIC LOCATION. >>OKAY SO WE HAD TO KEEP FOCUSING ON THE DESIGN ELEMENT. HOW ARE THEY DIFFERENT THAN WHAT ARE THE UNIQUE REQUIREMENTS THE FLOW OUT OF THIS? AND HOW ARE USING DATA TO INFLUENCE THE SITING OF THOSE ASSETS AND THE DEVELOPMENT OF THEM? OTHER THEMES THAT YOU WOULD DRAW OUT? >>JUST ONE ADDITIONAL THOUGHT THE DEALS WITH WHAT THE ANALYSTS HAVE PUT OUT. I THINK YOU’LL BE INTERESTING TO THINK ABOUT AND PLAN HOW THIS INFRASTRUCTURE IS USED DIFFERENTLY OVER THE COURSE OF THE DAY. AND LITTLE THE DAY WHEN THEIR CLEAR SKIES YOU HAVE YOUR HIGH LIST HIGHEST UTILIZATION OF AIR TRAFFIC BUT MAYBE IN THE EVENING ESPECIALLY IF THE WEATHER IS NOT GREAT. THAT MIGHT TURN IT INTO MORBID DISTRIBUTION CENTER FOR RESETTING FOR THE DELIVERY OF GOODS THE FOLLOWING DAY. WHEN HE GETS THE POINT WHERE YOU HAVE A PERIPHERAL OR SUBURBAN SET OF SITES, FOLKS DRIVING THEIR EV AND LEAVING IT THERE IF YOU HAPPEN TO STILL HAVE A CAR YOURSELF. OR IF YOU ARE RIDESHARE DRIVER, YOU ARE STAGING YOUR VEHICLES HERE. AND YOU WILL BE BALANCING THE GRID IN A SUB URBAN ENVIRONMENT. IF YOU DO THAT WELL THEN YOU HAVE A BALANCING SERVICE. WITH VERY LITTLE COST. ELECTRIC MOBILITY IS HERE. ONE OF THE POINTS YOU HEAR A LOT IS THAT THIS WAS A CONVERSATION FOCUSED ON ELECTRIFICATION THE UPFRONT COST OF THESE VEHICLES IS HIGH. THEY MAKE THE TOTAL COST WORK AS IT REALLY DRIVES DOWN THE COST OF OPERATIONS. AND ONE OF THE MAIN COSTS IS EFFECTIVELY FREE. THE GET PAID TO CHARGE YOUR VEHICLE. BUT THINKING ABOUT WHAT HAPPENS OVER THE COURSE OF THE DAY AND HOW YOU CHANGE THE USE OF MULTIMODALITY IS PRETTY KEY. IS LIKE A PIECE OF MOBILITY HERE. >>WE TALK ABOUT THE MOBILITY OF THESE ASSETS. HOW THESE PEOPLE THAT GOVERN THE COMMUNITIES HAVE A CIVIC ACCEPTANCE AND WILL SHAPE HOW THIS INFRASTRUCTURE IS DESIGNED. I WOULD SAY THERE FEW PEOPLE OF MORE EXPERIENCE THAN OAK TREE AND WHAT YOU’VE DONE ALL AROUND THE WORLD. WHAT LESSONS ARE TAKEN FROM THAT THAT WOULD BE IMPORTANT TO SHAPE THE WAY IN WHICH WE THINK ABOUT CITY ENGAGEMENT AND REALLY LEARNING FROM CITY LEADERS AS WE LOOK TO SHAPE THE INFRASTRUCTURE IN DIFFERENT MARKETS AROUND THE WORLD? >>IF I SAY THAT WE ARE LONG- TERM INFRASTRUCTURE INVESTORS WILL LOW-COST CAPITAL AND EQUITY RISKS AND THIS IS WHAT WE DO, IT CAN BE VERY STRAIGHTFORWARD. BECAUSE THE SYSTEM IN THE U.S. IN PARTICULAR IS SO LOCAL, PRIVATE INFRASTRUCTURE CAPITAL CAN GET PEOPLE WORRIED. IF YOU’RE MAKING MONEY IT’S GOOD FOR THE COMMUNITY. SO WE SPENT A LOT OF TIME PARTNERING WITH GOVERNMENTS IN EVERYTHING THAT WE DO. ONE OF THE THINGS THAT WE WILL TEST EARLY IS WHETHER NOT WE NEEDED HERE. ARE WE WANTED HERE? ARE REVIEWED AS HELPFUL PARTNERS? AND IN SOME AREAS THE PORTS, RAIL AND AIRCRAFT HANGERS HERE, THE THINGS THAT ARE LESS HIGH PROFILE WITH THE PARTNERSHIPS WE’VE HAD WITH GOVERNMENT AUTHORITIES TAKE OF YOU OF NOT RUNNING STARBUCKS SO I SHOULD WE RUN THE AIRPORT? LET’S PARTNER WITH PEOPLE THAT DO THIS FOR A LIVING. WHAT IS INTERESTING IS A LOT OF THESE DECISIONS ARE LOCAL. SO YOU REALLY NEED TO GET THAT DYNAMIC RIGHT. WHERE THEY ARE OPEN TO THIS. THAT’S US HAS BEEN VERY KEY. THAT DO INFRASTRUCTURE WE HAVE BEEN EXTREMELY PLEASED. I WILL SHARE SOME OF THE OTHER STORIES HERE BUT YOU HAVE TO GET THAT RIGHT. BECAUSE ESPECIALLY ON THE AIRPORT SIDE, THEIR LEVELS OF EMOTION HERE. IF THERE IS SOME THINGS THAT HAPPEN WITH THE DRONES THAT ARE NERVOUS OF THE SAME TIME. IS CRITICAL TO MAKING THIS HAPPEN AND A REALITY. WE STARTED TALKING ABOUT TRAFFIC. >>THE SERVICE EXISTS AND IT CAN MEDIATE THAT INTAKE INTO THREE DIMENSIONS WHICH WERE SO HELPFUL YESTERDAY. IT IS ACTUALLY A FAIRLY BASIC CONCEPT THAT I DON’T THINK IS UNIVERSALLY UNDERSTOOD ACROSS THE COUNTRY THAT WE ARE GOING TO LEAD WITH WITH REGULAR THREE PARTNERSHIPS. >>WE ARE GETTING CLOSE TO TIME AND I WOULD LOVE TO CLOSE THE PANEL WITH AN INTERESTING BIT OF PROGNOSTICATING. AS YOU LOOK AHEAD TO THE YEAR TO COME WHEN YOU THINK WILL BE THE BIGGEST DEVELOPMENTS IN THE NEXT 12 TO 18 MONTHS? WHAT ARE THE CAPPING THOUGHTS HERE’S THE WRAP UP? JJ? >>SURE. I WILL TRY TO SAY SOME THINGS ABOUT REVEALING WHAT MAY BE OUT THERE ALREADY. BUT I THINK YOU WILL SEE SOME FOLKS ACCELERATE THE TIMELINE. I THINK YOU WILL SEE A LOT OF THESE PLATFORMS HAVE SOME INTERESTING FOLKS EMERGE THAT ARE GOING TO HELP SMOOTH THAT TIMELINE FORWARD. >>THERE’S NOTHING LIKE FLYING AROUND TO PROVE THAT YOU CAN FLY AROUND. >>TRADEMARK. >>JOSH CONNORS WISDOM. >>IF YOU’RE LOOKING AT A RENDERING OR VIDEO, IT IS EASY TO IMAGINE BUT THE REASON I’M SO EXCITED IS LIVE AIRCRAFT MODELS HERE, IS THAT ONCE YOU ACTUALLY SEE THIS OPERATIONALIZED AND TIED TOGETHER PEOPLE GET EXCITED ABOUT IT. AND IS SOMETHING THAT WE ARE ALL EXCITED TO BE A PART OF. >>I COMPLETELY AGREE. YOU WILL SEE MORE SUCCESSFUL FLIGHTS AND BUSINESSES WITH YOUR OPERATIONS HERE DOING MORE MEDICAL SAMPLE DELIVERIES AND OVER URBAN CONGESTED AREAS IN THE U.S. AND ABROAD. IT IS GOING TO APPROVE AND BE A REGULATORY PATH FORWARD. YOU SEE MORE ON THE PASSENGER FRONT. I THINK WITH THE HUNDRED 60 PLATFORMS YOU WILL START TO SEE SOME CONSOLIDATION. IT WOULD BE NICE TO GET TO A CERTAIN LEVEL AND PICK WINNERS. YOU REALLY NEED TO SEE THE ADDITIONAL SORT OF HIGH-GROWTH CAPITAL GOING INTO SOME OF THESE. THAT WAY THEY CAN GET TO A POINT OF SCALE. AT THE SAME TIME THAT MEANS THAT YOU ARE GOING TO SEE SOME DISAPPEAR AS WELL AS THE GROUP SENDS OUT AND GOES BEHIND THESE LEADERS. >>ALWAYS RAISE MORE CAPITAL THAN YOU NEED. WHEN YOU GO TO THE CERTIFICATION PROCESS A LOT OF INVESTORS WILL PUT IN TRIGGERS AND MILESTONES AND WHEN I HELPED START JETBLUE THEY NEEDED LIKE $30 MILLION. IN A COMPETITIVE NEW INDUSTRY HAVING MORE CAPITAL IS SUCH AN ALL OR NOTHING THING. THIS IS GOING TO BE GREAT FOR 20 YEARS OR IT’S GOING TO GO TO ZERO. THEY’RE ALWAYS TRYING TO MANAGE THE DOWNSIDE HAVING MORE CAPITAL WILL RISK THE DOLLARS. WHICH IS ONE OF THE OTHER THINGS I WAS THINKING ABOUT HERE. >>KEEP THEM COMING. WHAT YOU THINK. YOU ARE AHEAD HERE? >>TO TOUCH ON JOSH IN SUPPORT OF SOMETHING THAT WE THINK ABOUT A LOT HERE WITH THE HUNDRED BILLION DOLLAR FUND THAT WE HAVE PART OF THE DISCUSSION THAT WE HAD IS HOW DO YOU ACCELERATE THAT? AND I THINK AS JJ MENTIONED THE ACCELERATION OF THIS MOVING OFF THE PAGE FROM A VEHICLE SIDE AND FROM THE INFRASTRUCTURE SIDE WILL BE REALLY EXCITING IN THE NEXT 12 TO 18 MONTHS. AND THROUGH THAT THE CO- MOVEMENT OF THE DIFFERENT PIECES WEATHERBY THE VEHICLE INFRASTRUCTURE OR THE NETWORK BUILDING UP TOGETHER ALONG WITH GOVERNMENTS AND REGULATORS WILL BE REALLY EXCITING TO SEE. SO I CAN’T WAIT UNTIL NEXT YEAR TO SEE WHAT THE TOP CONVERSATIONS ARE. >>GREG FOX FOR THE YOUR HEAD? >>OKAY. I THINK THAT THE INCREASE IN ELECTRIFICATION OF THE TRUCKS AND SERVICE VEHICLES AT A FLEET LEVEL WILL INDICATE WHAT IT MEANS IF YOU ADD THAT PIECE OF SERVICE TO THE MOBILITY AND DELIVERY WITH THE INFRASTRUCTURE. IT WILL DEMONSTRATE THE MODEL THAT WE ARE TALKING ABOUT WITH REGARD TO WHAT IT MEANS TO HAVE MULTIPLE APPLICATIONS IN A SITE. HOW TO INCREASE UTILIZATION AND IT WILL BE MUCH LESS SEXY THAN THE VIDEOS THAT WE HAVE DEMONSTRATED THE ECONOMICS OF THESE FACILITIES THE MAKE INVESTORS COMFORTABLE WITH WHAT IT MEANS TO FOCUS ON MACRO TRENDS OPTICS. SO PEOPLE ARE GOING TO BE MOVED AROUND IF YOU BELIEVE THAT YOU CAN SERVE SOMETHING ONE WAY OR ANOTHER. ONE OF THE OFF TAKERS KNOWS GENERALLY WHAT THEY’RE DOING ON A DAILY BASIS. AND IT WILL PROVE OUT THE BUSINESS MODEL HERE. THINK BACK TO JOSH’S POINT ONE MORE VERY IMPORTANT DEVELOPMENT WE ARE TO STEER THE COURSE THE YEAR, IT WILL BE INTERESTING TO SEE WHAT LOCAL GOVERNMENTS COME UP WITH IN REGARD TO CREATIVE SOLUTIONS GETTING A COMMUNITY ONBOARD. EVERY SUBWAY TICKET EFFECTIVELY WAS RAFFLE TICKET TO GIVE YOU ONE IN 1000 TO GIVE YOU ONE IN 1003 FIRST WRITER IN UBER AIR HOW WOULD THAT TRANSLATE TO COMMUNITY ENGAGEMENT? I DON’T KNOW. I MEAN. >>PEOPLE IN THAT COUNTRY LOVE GAMES OF CHANCE. >>YOU GIVE SOMEONE A CHOICE BETWEEN THE POSSIBILITY OF WEENIE OF WINNING SOMETHING THEN THEY WILL CHOOSE IT. SO THAT WILL BE PRETTY COMPELLING. >>I WILL ECHO JJS TAKE CARE. THAT THE ACCELERATION FOR THE YOUR HEAD WILL BE NOTABLE AND HOPE TO CONTINUE RATIONING THE MOMENTUM HERE. SO WE GATHERED 13 MONTHS AGO IN LOS ANGELES AND IT HAPPENED ACROSS ECOSYSTEM AND HAS BEEN SPECTACULAR. IS EXCITING TO THINK ABOUT WHAT WILL BE TRUE FOR A YEAR FROM NOW. THANK YOU FOR JOINING US AND MAKING US ABLE TO SHOW YOU THESE INSIGHTS. >>LET’S GIVE IT UP FOR THE PANEL AGAIN. WERE GOING TO GO INTO A SHORT 10 MINUTE BREAK NOW. COFFEE, BATHROOM AND ETC. PLEASE STAY IN THE INTERIM WE WILL BE BACK IN 10 MINUTES. >>LADIES AND HIM AND PLEASE TAKE YOUR SEATS WE ARE ABOUT TO BEGIN. >>WELCOME BACK. LET’S GET STARTED. FOR THE NEXT SESSION YOU’RE GOING TO HEAR ABOUT THE NEW MOBILITY OPTIONS INCLUDING BIKES, SCOOTERS, TRANSIT AND ETC. YOU HEAR FROM RACHEL HOLT THE AHEAD OF REALLY. SHE HAS BEEN A MEMBER FOR EIGHT YEARS HERE. AND SHE KNOWS JUST ABOUT EVERYTHING ABOUT THE BUSINESS. SHE IS AN AMAZING PERSON TO BE READING THIS INITIATIVE. GIVE IT UP FOR RACHEL. >>HELLO EVERYONE. I AM RACHEL HEAD OF NEW MOBILITY. I AM STANDING HERE INCREDIBLY EXCITED TO SCARE — SHARE WITH YOU THE PRODUCT VISION AND BY THE END OF THIS VISION I HOPE YOU WILL SHARE MY EXCITEMENT FOR NEW MOBILITY. FROM THE HUMBLE BEGINNINGS BROUGHT VIA TEXT MESSAGE, THE USED TECHNOLOGY TO TRANSFORM TRANSPORTATION IN WAYS THAT PEOPLE DO NOT THINK WERE POSSIBLE. THE ORIGINAL TAGLINE WAS PUSH A BUTTON GET A RIDE. THE BEAUTY WAS THE SIMPLICITY TO USERS. BUT IT WAS ALL POWERED BY GPS AND WIRELESS TECHNOLOGIES AS WELL AS A COMPLEX SYSTEM OF ALGORITHMS AND ROUTING THE MADE THE ENTIRE SYSTEM WORKS SEAMLESSLY. AND OF COURSE IN ENABLED SOMETHING TOTALLY NEW WITHIN TRANSPORTATION. MY FIRST ROLE AT UBER WAS THE GM OF DC. AND I REMEMBER TALKING TO A NUMBER OF FORMER TAXI DRIVERS IMMEDIATELY SAID WHO KNEW THERE WERE SO MANY PEOPLE WHO WANTED A RIDE HERE. FOR ANYONE THAT KNOWS IT ALL THE TAXES GO UP AND DOWN 14th STREET. AND PEOPLE FOLLOWED. IF YOU WOULD ON 13th STREET THERE IS NO EASY WAY TO INDICATE THAT YOU WANTED A RIDE EXCEPT PUTTING YOUR HAND UP AND OF COURSE FOR DRIVERS THERE IS NO EASY WAY TO KNOW THAT THERE ARE 70 PEOPLE WHO NEEDED A TRIP. IT WASN’T JUST ABOUT CREATING A CONVENIENT WAY TO GET AROUND IT IS ABOUT BRINGING MORE RIDES TO PEOPLE WHO CANNOT GET THEM BEFORE. SINCE THEN WE’VE REALIZED THAT CARS ARE NOT ALWAYS THE BEST WAY TO GET AROUND THE CITY. THEIR TIMES, PLACES AND USE CASES WHERE IT DOES MAKE SENSE. LIKE ON SLOWER OR MORE CONGESTED ROUTES. ON SHORTER URBAN TRIPS WHICH CAN END UP BEING EXPENSIVE AND NOT ENVIRONMENTALLY FRIENDLY. SO THEY STARTED TO EVOLVE. IT WASN’T JUST ABOUT CONNECTING PEOPLE TO CARS. IT WAS ABOUT HELPING PEOPLE AND THINGS MOVE MORE EFFICIENTLY. THE VISION WITH THE NEW MOBILITY IS TO IDENTIFY, TEST AND SCALE THE NEXT GENERATION OF TRANSPORTATION BUSINESSES AT UBER. BUT THE MISSION IS BROADER. IS NOT JUST ABOUT BIKES AND SCOOTERS. MOVING BEYOND CARS TO TRULY BEING A TRANSPORTATION PLATFORM. HOW MANY OF YOU HAVE TAKEN AN UBER? I EXPECT MOST OF THE ROOM TO PUT THEIR HANDS UP. KEEP YOUR HANDS UP IF YOU’VE TRIED A BIKE OR SCOOTER. IS ACTUALLY DECENT NUMBER HERE. TAKING A JUMP BIKE IS JUST AS EASY AS TAKING UBER RIDE AND A LOT MORE FUN. IF YOU HAVEN’T CHECKED OUT THE ACTIVATION OUTSIDE I STRONGLY RECOMMENDED DURING A BREAK. THE USER RESERVES A BIKE THROUGH THE UBER APP AND WALKS UP TO THE BIKE. YOU UNLOCK IT WITH YOUR PHONE AND THEN YOU WRITE YOUR DESTINATION AND WHEN YOU’RE FINISHED THEY CAN LOCK THE BIKE ALMOST ANYTHING ON THE STREET IS THERE’S AN EASY CABLE LOCK AND THEY ARE AUTOMATICALLY CHARGED. JUST LIKE THEY ARE FOR AN UBER RIDE. BUT IT’S NOT ABOUT A SEAMLESS USER EXPERIENCE. IT’S ALSO ABOUT A TOTALLY NEW WAY TO BIKE. >>AND OF COURSE THAT’S BECAUSE THERE IS A PETAL ASSIST AS PART OF THE BIKE. WHERE LIKE TO COMPARE IT IS LIKE A MOVING WALKWAY. IT’S THE SAME AS WALKING BUT TO FEEL LIKE A SUPERHERO DOING IT. IT’S FINALLY INEXPERIENCED TO LET YOU MOVE AROUND THE CITY ON A SUMMER DAY IN DC. JUST LIKE UBER THE MAGICAL USER EXPERIENCE IS NOT JUST ABOUT THE SIMPLICITY BUT IT COMES WITH OPERATIONAL CHALLENGES. THESE CHALLENGES ARE ONES THAT UBER IS PERFECTLY POSITIONED TO SOLVE. TO UNDERSTAND HOW WE’VE TACKLED THESE GOING TO WALK YOU THROUGH THE CORE COMPONENTS OF THE BIKE. WILL BE LIKE TO CALL THE BRAIN AND THE HEART. THE BRAIN IS THE COMPUTER ON THE BIKE. IN THE HEART IS WHAT KEEPS THE BIKE GOING. THE BATTERY. THIS WAS THE FIRST BIKE EVER FROM JUMP. IT GOT INDUSTRY AWARDS FOR DESIGN BUT IT RAN OFF A TINY MICROCHIP THERE WAS LITTLE COMMUNICATION BACK TO OUR CENTRAL OPERATIONS. IT REQUIRED USERS TO PUNCH IN A CODE ON THE KEYPAD TO UNLOCK IT. THE BATTERY KEPT RUNNING BUT IT WAS INCREDIBLY OPERATIONALLY CHALLENGING TO CHARGE. >>THE PART CHARGE THE PREVIOUS GENERATION TO PICK THE BIKE UP. >>RELOADED INTO THE VAN AND DRIVE THAT BACK TO THE WAREHOUSE WHERE IT IS UNLOADED AND PHYSICALLY PLUGGED IN TO A CHARGER IN THE WAREHOUSE ITSELF. THE BIKE IS FANTASTIC. BUT IN TERMS OF THE OPERATIONAL PROCESS IT CAN TAKE HOURS TO GET IT CHARGED BACKUP TO BE USABLE BY CUSTOMERS WITH THE UPDATED CHARGING PROCESS THAT BIKE IS QUICKLY BACK ON THE ROAD AND AVAILABLE FOR THE NEXT CUSTOMER TO RENT. WE’VE LEARNED A LOT ABOUT THE CHARGING EFFICIENCIES OF THE PREVIOUS GENERATION OF JUMP BIKE. SOME VERY EXCITED ABOUT WHERE THIS NEXT STEP CAN TAKE US. >>THIS TAKES US TO THE 5.5 BIKE. THIS YEAR HE RELEASED THE NEW VERSION THAT ALLOWS FOR MUCH MORE ASSIST SOPHISTICATED RATE WHICH HAS A MUCH MORE SEAMLESS USER EXPERIENCE A BETTER UNLOCKING EXPERIENCE AND A LOT MORE INFORMATION THAT COMES FROM OUR BIKE BACK THROUGH TO OUR CENTRAL INCLUDING DIAGNOSIS AS WELL AS SAFETY INFORMATION. THERE’S A LOT MORE FUNCTIONALITY THAT WE HAVEN’T EVEN TAPPED INTO YET. THE FIVE DELPHI WAS THE FIRST VERSION THAT ALLOWED FOR A SWAPPABLE BATTERY CHARGING. THIS ALLOWS THE OPERATIONS TEAM TO SWAP THE BATTERY IN FIELD RATHER THAN BRINGING THEM BACK TO THE WAREHOUSE VIA THE CUMBERSOME PROCESS THAT YOU JUST SAW. BECAUSE WE CAN GO TO INSTEAD OF IT COMING TO US IT SAVES US A TON OF TIME KEEPING MORE BIKES CHARGED ON THE ROAD FOR USERS. WHILE THIS WAS A MAJOR OPERATIONAL IMPROVEMENT WE KNOW WE CAN DO BETTER. SO I’M EXCITED TO SHARE WITH YOU FOR THE FIRST TIME THE FIVE DEADLY BIKE. ALLOWS FOR SEAMLESS SWAPPING BY ANYONE. IT IS AS SIMPLE AS PUSHING A BUTTON. AND THEN SWAPPING. THE BOY — THE BIKE IS NOW CHARGE AND READY TO GO. BY 2020 DIVISION IS THAT WILL HAVE KIOSKS FEATURED HERE THAT WILL GIVE ANYONE THE ABILITY TO SWAP OUT A REAL CHARGE BATTERY FOR FIRST ONE IN THE FIELD. FOR EXAMPLE IF A COURIER IS WAITING A FEW MINUTES TO PICK UP AN ORDER THEY COULD SWAP A FEW BATTERIES WHILE THEY WAIT. BUT EVEN BEFORE WE GET TO THE CHAOS WORLD WE ARE PARTNERING WITH CITIES TODAY TO BUILD A PHYSICAL CHARGING INFRASTRUCTURE TO ALLOW THE BIKES TO STAY CHARGED IN A WAY THAT IS SEAMLESS AND COST- EFFICIENT. BUT IS NOT JUST ABOUT THE BIKES. IN FACT TODAY WE ARE BRAND-NEW SCOOTER TO SHOW YOU AS WELL. THIS IS THE FIRST LUCK AT THE NEWEST SCOOTER MODEL. IS COMING TO U.S. MARKETS IN THE COMING WEEKS. IT IS FOCUSED ON SAFETY. IT IS BIGGER AND MORE DURABLE. LARGER FRAME WITH LARGER WHEELS. MAKING IT MUCH EASIER TO NAVIGATE THE ROUGH SPOTS IN THE ROAD SAFELY. IT ALSO THE HANDBRAKE THAT IS EXACTLY THE SAME STYLES YOU WILL FIND ON THE BICYCLE. ONE THAT EVERYONE IS USED TO. WHEN APPLIED IN ENGAGES THE BOLD SCOOTER WHEELS AND IS EASIER AND SMOOTHER THEREFORE SAFER THAN PREVIOUS VERSIONS. HOWEVER WE ARE NOT JUST STOPPING THE BIKES AND SCOOTERS. OUR VISION IS TO PROVIDE A TRULY MULTIMODAL TRANSPORTATION PLATFORM. WHICH IS WHY WE ARE PARTNERING WITH OTHER TRANSIT AGENCIES AS YOU CAN SEE HERE IN THE APP. THIS IS A VISUAL THAT WE’VE INTEGRATED WITH PUBLIC TRANSIT SYSTEMS TO ALLOW RIDERS TO SEE PUBLIC TRANSIT OPTIONS AND ACTUALLY PURCHASE TICKETS DIRECTLY IN THE UBER APP. OUR VISION IS THAT THESE COME TOGETHER IN A TRULY MULTIMODAL EXPERIENCE. WHERE YOU CAN SIMPLY TELL US WHERE YOU ARE GOING AND EACH LEG OF THIS TRIP IS PRE- REQUESTED AND PREPAID. THE VISION OF THE FUTURE LOOKS LIKE THIS, CITIES ARE GREENER BECAUSE THEY HAVE AN ELECTRIFIED NETWORK POWERING BETTER WAYS TO MOVE PEOPLE. OVER MAX PLATFORM WILL PLUG INTO THAT MAKING IT EASY FOR PEOPLE TO CHOOSE TO TAKE A BIKE, A SCOOTER OR PUBLIC TRANSIT. TO GET THERE IT’S ALL ABOUT PRIORITIES. LIKE PRIORITIZING CITY PARKING SPOT THAT ARE USED RIGHT NOW BY A SINGLE PERSON’S CAR INSTEAD FOR MOBILITY HUBS THAT COULD POWER BIKES AND SCOOTERS THE HUNDREDS OF PEOPLE COULD SHARE. IT’S ABOUT PRIORITIZING PARTS OF THE STREETS FOR BIKE LANES SO IT IS EASIER AND SAFER FOR PEOPLE TO BIKE AND SCOOT AS A WAY TO GET AROUND. AND PRIORITIZING PUBLIC TRANSIT. ENABLED BY FUNDING WITH FEES THAT DISCOURAGE PERSONAL CAR OWNER SHIP LIKE CONGESTION PRICING. WHEN THIS VISION IS REALIZED WE WILL NOT CALL IT NEW MOBILITY IT WOULD JUST BE CALLED MOBILITY. THANK YOU SO MUCH. >>THANK YOU RACHEL. >>YESTERDAY HEARD US TALK ABOUT HOW IMPORTANT INFRASTRUCTURE IS NOT JUST FOR MOBILITY BUT FOR ALL FORMS OF MOBILITY THAT UBER IS PURSUING. TODAY I’M EXCITED TO ANNOUNCE THE RELATED COMPANIES AS THE PREFERRED DEVELOPMENT PARTNERS FOR URBAN AVIATION INFRASTRUCTURE. TOGETHER WE ENVISION PARTNERING ON BUILDING SKY PORTS NATIONWIDE AND BEYOND. RELATED IS THE VISIONARY REAL ESTATE DEVELOPER BEHIND THE MOST AMBITIOUS CITY DEFINING MIXED-USE SPACES FROM COAST TO COAST. ONE OF THE MOST 50 INNOVATED COMPANIES IN THE WORLD. THERE TRANSFORMING THE WAY THE PEOPLE LIVE, WORK AND CONNECT. THEY JUST OPENED THE FIRST PHASE OF HUDSON YARDS IN NEW YORK CITY. THE LARGEST PRIVATE DEVELOPMENT IN THE HISTORY OF THE UNITED STATES. THERE’S A PIPELINE OF EQUALLY AMBITIOUS PROJECTS ACROSS THE COUNTRY. WE PARTNERED WITH RELATED BECAUSE OF STRONG ALIGNMENTS HERE. AND BECAUSE OF THE SHARED BELIEF IN THE PASSION FOR THE FUTURE OF CITIES. MAKE BIG BOLD BETS TO DEVELOP SMARTER CITIES. WITH THAT I AM EXCITED TO WELCOME TO THE STAGE THE CEO OF RELATED COMPANIES, JEFF BLOUNT. >>FIGURES ARE. THANK YOU FOR THAT INTRODUCTION. WE ARE THRILLED TO BE HERE TODAY TO PARTNER WITH UBER ELEVATE. WHICH HOLDS THE POTENTIAL TO CREATE A WHOLE NEW PARADIGM OF HOW PEOPLE COMMUTE AND MOVE FROM POINT A TO POINT B. I WANT TO FIRST SHARE A LITTLE BIT ABOUT MY COMPANY WHOSE PLATFORM EXTENDS WELL BEYOND OUR REAL ESTATE ASSETS. THE MISSION IS SIMPLE. TO CREATE VISIONARY NEIGHBORHOODS AND COMMUNITIES THAT TRANSFORM URBAN LIFE. WE ARE PASSIONATE ABOUT CITIES AND RELENTLESSLY CHALLENGE THE STATUS QUO. WE CONTINUALLY PURSUE WAYS TO UTILIZE TECHNOLOGY AND INNOVATION TO IMPACT THE FUTURE OF HOW WE AND OUR CUSTOMERS LIVE, WORK AND CONNECT. WE CREATE INCLUSIVE AND SUSTAINABLE DEVELOPMENTS THAT SERVE AS ECONOMIC AND CREATIVE ENGINES FOR THE COMMUNITIES. WITH THINK OF OURSELVES AS THE MOST AMBITIOUS REAL ESTATE FIRM IN THE WORLD. THE LARGE-SCALE CITY DEFINING MIXED-USE DEVELOPMENTS SHOWCASE THE VISION AND OPTIMISM. HERE ARE JUST A FEW OF THE LATEST PROJECTS INCLUDING HUDSON YARDS. THE LARGEST PRIVATE DEVELOPMENT EVER DONE IN THE UNITED STATES. IT OPENED JUST THREE MONTHS AGO. FOUNDED NEARLY 50 YEARS AGO, WE HAVE BUILT EXPERTISE ACROSS ALL ASSET CLASSES. WE’VE ACQUIRED GREAT BRANDS LIKE SOUL CYCLE AND ARE LAUNCHING A NEW EQUINOX HOTEL BRAND THIS MONTH. WE’VE INVESTED HEAVILY IN SMART TECHNOLOGIES AND PLATFORMS THAT CAN HELP US MOVE COMMUNITIES FORWARD. WE HAVE OFFICES AND MAJOR DEVELOPMENTS IN MOST OF THE CITIES IN THE UNITED STATES AS WELL AS LONDON AND A $60 BILLION REAL ESTATE PORTFOLIO. RECENTLY WE’VE BEGUN EXPLORING NEW FORMS OF URBAN MOBILITY THE TAKE CARS OFF THE ROAD. INVESTING IN BIKE SHARE AND REDESIGNING PARKING. SPENDING A LOT OF TIME EXPLORING SELF- SERVING CARS AND SHOVELS. MOBILITY IS RAPIDLY CHANGING. WE ARE DETERMINED TO BE AT THE FOREFRONT OF DEVELOPING THE INFRASTRUCTURE THAT IS INTEGRATED INTO MULTIMODAL PLATFORMS LIKE UBER. WE MAKE IT AS EASY AS POSSIBLE FOR CUSTOMERS TO ACCESS EVERY MODE OF TRANSPORT. SCOOTERS, BIKES AND SELF DRIVING CARS OR THE ELECTRIC UBER AIR VEHICLE. WE BELIEVE THIS IS THE NEXT FRONTIER. WE ARE EXCITED TO ANNOUNCE A PARTNERSHIP WITH UBER ELEVATE DEVELOPING SKY PORT ACROSS THE COUNTRY. SO THEY HAVE EASY ACCESS TO GO THROUGH THEIR COMMUNITIES. IN SANTA CLARA, ADJACENT TO LEVI STADIUM WORKING WITH FOSTER PARTNERS ON A NINE MILLION-SQUARE-FOOT 240 ACRE DEVELOPMENT, BRINGING MODERN WORKSPACES FOR COMPANIES TO GROW RESIDENTIAL OPPORTUNITIES, NEW EQUINOX HOTEL AND VIBRANT SHOPPING, DINING AND PUBLIC SPACES. IS LOCATED IN THE TRANSIT FROM THE AREA. THEY OFFER ACCESS TO MAJOR PUBLIC TRANSIT FROM RAIL TO BUS AND FURTHER. AS WELL AS PEDESTRIAN PATH THAT WILL BE EXPANDED THROUGHOUT THE DEVELOPMENT. A TRUE DOWNTOWN FOR THE FUTURE. TODAY WE ARE EXCITED TO SHARE A VISION FOR LOCATING UBER SKY PORT IN SANTA CLARA. OFFERING OUR CUSTOMERS AND THE REGION ACCESS TO A NEW MODE OF MOBILITY. THIS IS JUST THE BEGINNING. WE KNOW THERE’S A LOT OF HARD WORK AHEAD OF US TO MAKE THIS A REALITY. BUT WE ARE EXCITED TO GET THIS STARTED AND BRING THE FUTURE OF MOBILITY TO REALITY. >>>PLEASE WELCOME JOHN BALA MENTE HEAD OF DESIGN FOR UBER ELEVATE. >>OKAY. SO, LAST YEAR WE LAYOUT OUT A PLAN FOR SKILLED OPERATIONS. TOGETHER WITH THEIR ARCHITECTURAL FINALISTS PUSHING TO THE LIMIT. UNVEILING SIX MAJOR DESIGNS CAPABLE OF LANDING UP TO 100 OR OTHER OF 2000 VEHICLES AN HOUR. IN LESS THAN TWO ACRES OF A FOOTPRINT AT PEAK TIMES. EVEN AT MARKET MATURITY LIKE THIS, THE SKY PORT NETWORK WILL BE DISTRIBUTED SCALING AND COVERAGE IN VARYING INSIDE DEPENDING ON TRIP VOLUME. WE INVITED SOME OF THE WORLD’S MOST INNOVATED ARCHITECTURAL AND DESIGN TEAMS BACK TO IMAGINE THE FIRST GENERATION OF CONNECTIVE SKY FOR MOBILITY HUBS TO BE INTEGRATED IN DALLAS, LOS ANGELES AND MELBOURNE IN 2023. WE GIVE THEM A COMMON FOOTPRINT AND ASKED THEM TO RETROFIT A NOTIONAL PARKING STRUCTURE WITH COMMUNITY INTEGRATION AND DEDICATED PICKUP AND DROP OFF ZONES FOR UBER POOL, TRANSIT AND MICRO MOBILITY. WITH A FLEET OF JUMP BIKES AND SCOOTERS. WE ALSO ASKED THEM TO INCLUDE EV FOR SUFFERING FLEET VEHICLES. AND A PARTNER LOUNGE AND GREENLIGHT HUB FOR DRIVERS TO RECHARGE ALL THE VEHICLES DO THE SAME. AND LAST BUT NOT LEAST OF COURSE THE TERMINAL AND SKY PORT TARMAC. WERE ALSO LOOKING AT GREENFIELD SITES FOR NEW CONSTRUCTION. DESIGNED IN THE MOST SUSTAINABLE MATERIALS WHILE RECLAIMING THE GREENERY IN OUR COMMUNITIES. WITH PRE-FAB CONSTRUCTION TECHNOLOGIES MEASURED IN MONTHS AND NOT NEW YEAR’S. WHAT DELIVERING AND UNCOMPROMISED RESEARCH EXPERIENCE. ARCHITECTURAL MINDS CARRY THE RESPONSIBILITY TO IMAGINE THE WORLD IN A WAY THAT DOES NOT YET EXIST AND MAKE IT A REALITY. COLLECTION OF SKY PORT MOBILITY HUBS AND THE FINALISTS WILL PRESENT PRACTICAL SUSTAINABLE VISIONS FOR THE INFRASTRUCTURE NEEDED AND THE COMMUNITIES THEY PLAN TO SERVE. TO KICK US OFF I WOULD LIKE TO INVITE DIANE HOSKINS THE CO-CEO OF DENZEL ARE TO START THE PRESENTATIONS. >>PLEASE WELCOME DIANE HOSKINS. CO. CHIEF EXECUTIVE OFFICER OF GENSLER. PLEASE WELCOME SCOTT GRANTS SENIOR DESIGNER OF GENSLER. >>MORNING EVERYBODY. SO LET’S TALK ABOUT CITIES. I KNOW THIS HAS BEEN A CONVERSATION IN MANY OF THE PRESENTATIONS THAT YOU’VE HEARD. WHEN I THINK ABOUT CITIES, I THINK ABOUT THE INCREDIBLE OPPORTUNITY THAT ALL OF US HAVE TO IMPACT PEOPLE. WHY? BECAUSE MOST PEOPLE LIVE IN CITIES. FOR THE FIRST TIME IN HUMAN HISTORY, THERE ARE MORE PEOPLE LIVING IN CITIES THEN IN ANY OTHER PLACE ON THE PLANET. IN FACT, 3.6 BILLION PEOPLE OUT OF 7 BILLION LIVE IN CITIES TODAY. AND THAT NUMBER IS GROWING. WHEN WE THINK ABOUT THE EXPERIENCE OF PEOPLE THINK ABOUT ALL OF THE EXPERIENCES IN YOUR CITIES. MOBILITY IS FRONT AND CENTER. MOBILITY STARTS TO REALLY DEFINE WHETHER NOT WE ARE HAVING A GREAT EXPERIENCE OR NOT. IF WE CAN IMPROVE MOBILITY, THEN WE CAN GIVE PEOPLE BACK TIME. THINK ABOUT ALL OF THE TIME WASTED IN TRAFFIC. IF WE CAN IMPROVE MOBILITY, THEN WE CAN ACTUALLY HAVE AN IMPACT ON CLIMATE CHANGE. THE DEFINING ISSUE OF OUR TIMES. CARBON FROM CARS, LITERALLY CONTRIBUTES 30% OF THE CARBON IN THE ATMOSPHERE. IF WE CAN IMPROVE MOBILITY, THEN WE CAN GIVE BACK TO PEOPLE THE KIND OF SPACES THAT THEY ARE LOOKING FOR TO LIVE THEIR LIVES, TO LIVE WORK AND PLAY. IT’S ABOUT GIVING THAT TIME AND REDUCING CARBON. IT’S ABOUT RETURNING OUR CITY STREETS TO PEOPLE. AND THAT IS GOING TO IMPACT THE HUMAN EXPERIENCE. WE ARE REALLY EXCITED ABOUT BEING HERE TODAY. BECAUSE WE REALLY BELIEVE THAT THE UBER MOBILITY HUB IS CRITICAL TO THIS VISION. AND THAT IS WHY WE ARE HERE. GENSLER IS FOCUSED ON IMPROVING OUR CITIES FOR PEOPLE. WE ARE AN ORGANIZATION IN 50 CITIES AROUND THE WORLD. CREATIVE PEOPLE ARE HERE AND WORKING TOGETHER TO SOLVE SOME OF THE MOST CRITICAL ISSUES OUT THERE TODAY. OPENING UP AND UNLOCKING AN OPPORTUNITY AND DESIGNING FOR PEOPLE. SO, TODAY, SCOTT AND I WANT TO PRESENT TO YOU GENSLER’S PROPOSAL FOR THE UBER MOBILITY HUB. AN INCREDIBLE PLATFORM FOR SHARED MOBILITY AND ALSO AN APPROACH TO CREATING COMMUNITY. SCOTT? >>THANK YOU DIANE. GENSLER APPROACHED THIS PROJECT BY IDENTIFYING THE CRITICAL COMPONENTS NECESSARY TO CONVERT EXISTING BUILDINGS INTO MOBILITY HUBS. PRIMARILY, THIS WAS DONE TO ANSWER THE CALL FOR INFRASTRUCTURES WHEN AERIAL RIDESHARE COMES ONLINE FOR 2023. SECONDARILY IT HAS THE OPPORTUNITY TO UNIFY THE BRAND- NEW TYPOLOGY. ESSENTIALLY WE ARE GOING TO ESTABLISH THE LANGUAGE THAT WILL BE CONSISTENT FOR MOBILITY HUB TO MOBILITY HUB NO MATTER THE LOCATION. LET’S TAKE A LOOK AT THIS EXISTING BUILDING. WHAT COMPONENTS ARE NECESSARY TO TURN THIS INTO MOBILITY HUB? BOARDING AREAS, ELEVATOR CORDS AND SOUND BAFFLES. THESE ARE INDEPENDENT STRUCTURAL COMPONENTS THAT ARE ATTACHED TO THE EDGE FOR BUILDING. THIS IS DONE SO THAT WE CAN MAXIMIZE THE FOOTPRINT ON THE FLIGHT DECK FOR PARKING CONFIGURATIONS AND PROVIDE AREA FOR THE SECOND COMPONENT THE BOARDING AREA. THE TRANSITIONAL VOLUME IS WHERE PEOPLE GO FOR MOBILITY HUB FROM LAND TO AIR AND BACK AGAIN. THE THIRD COMPONENT IS THE ELEVATOR CORE. THIS TRANSPARENT VOLUME WILL BE A BEACON FOR UBER. AND FINALLY SOUND BAFFLES. THESE ARE OBVIOUSLY TO MINIMIZE THE IMPACT TO THE EXISTING NOISE SPECTRUM BUT THEY ALSO UNIFY THE STRUCTURE WITH A COHESIVE ARCHITECTURAL COMPONENT ON ALL FOUR SIDES. AS A TYPOLOGY MATURES WE WILL START TO CREATE MOBILITY WITH THESE HUBS. BUILDINGS THAT ARE SPECIFICALLY DESIGNED FOR MOVEMENTS OF LARGE PEOPLE AND TO FOSTER COMMUNITY EXPERIENCE. THESE MOBILITY HUBS WILL FOLLOW THE PATTERN THAT WE’VE ESTABLISHED FOR RETROFITTING. BUT SUPERFLUOUS AREAS LIKE PARKING GARAGES ARE GONE SO WE CAN INJECT LOCAL FLAVOR AND EXPERIENCE INTO THESE UNIQUE BUILDINGS. MOBILITY HUBS WILL BE AN ORCHESTRATION OF MOVEMENT. PRIMARILY, THEY FACILITATE AERIAL RIDESHARE. SO IT MEAN THAT MAKE SENSE OF EASE FEDERATED AVIATION PRACTICES AS THE START FOR THE DESIGN. STRATEGIC SITE SELECTION AND ANALYSIS OF THE APPROACH PATHWAYS WILL ALLOW US TO ORGANIZE PARKING CONFIGURATIONS TO SUIT THE DEMAND OF THE AREA AND THE SELECTION CRITERIA OF THE COMMUNITY. NO ONE CONFIGURATION WILL BE A CATCH ALL ANSWER. IN FACT THEY WILL BE AS DIVERSE AS THE COMMUNITIES THAT THEY SERVE. AT ITS CORE, THE MOBILITY HUB PROVIDES CONNECTION FOR THE GROUND TRANSPORTATION MODALITIES. YOU BIKES, SCOOTERS HELP TRANSIT AND IT IS ALL MIXING TOGETHER. FROM THERE THE PUBLIC CAN MINGLE THROUGHOUT THE ENTIRE FACILITY WITH THE AMENITIES ON ALL LEVELS. AND THERE’S ALSO BACK OF HOUSE OPERATIONS FOR UBER INCLUDING A VEHICLE CHARGING, OPERATIONS AND MAINTENANCE, AND WORK FACILITIES. GENSLER’S SOLUTION UTILIZES TO SAITO’S THAT ARE INDEPENDENT. THE FIRST IS FOR IDOLS ARRIVALS AND THE OTHERS FOR DEPARTURES. THEY ARE CONNECTED BY A SINGLE TEXT ELAINE AND HAVE A PARKING POSITIONS ACCESSIBLE OFF THE TEXT ELAINE. THEY FLANK THE BOARDING AREA. SO FOR DIRECT ADJACENCY FOR THE PASSENGERS. FROM HERE LOOKING GOOD ONTO THE STATION LEVEL WITH THEIR MET WITH THE FRIDAY OF MODALITIES. WE HAVE STRATEGICALLY PLACED THE ENTRY ON ALL FOUR SIDES OF THE MOBILITY HUB. THAT IS PRIMARILY DONE FOR SAFETY. SEPARATIONS OF THE FLOW KEEPS PASSENGERS SAFE. ADDITIONALLY WE DO HAVE FOR EASE OF WAYFINDING. YOU BIKES AND SCOOTERS INDICATE — COME THROUGH FOR DEDICATED PUBLIC TRANSIT LINES. FROM HERE, PASSENGERS CAN GO BACK UP TO THE FLIGHT DECK AND CATCH A RIDE HOME. THE CIRCULATION FLOWS ARE THE SEAMS THE BINDS TOGETHER THE MOBILITY HUB. AND THE FABRIC IS THE EXPERIENCE. >>SO SCOTT WAS JUST TALKING ABOUT THE UBER MOBILITY HUB IS AN INCREDIBLE PLATFORM FOR AERIAL RIDESHARING. BUT IT IS ALSO AN INCREDIBLE PLATFORM FOR CREATING COMMUNITY. BREEN TOGETHER THOSE CRITICAL COMPONENTS THAT CREATE AN AMENITY FOR ANY COMMUNITY THAT THE RANCHERS ARE IN. FIRST OF ALL, EVERYONE OF THEM IS ABOUT BEING LOCAL. IT IS ABOUT BRINGING TOGETHER MULTIMODAL TRANSPORTATION MODES AND ALSO THAT IT IS INCLUSIVE AND ACCESSIBLE FOR EVERYONE. IT IS ALSO ABOUT CREATING GREEN SPACE FOR THE COMMUNITY. IT’S ABOUT CREATING PLAZAS AND OPEN SPACE WHERE THERE COULD BE POP-UPS AND EVENTS AND PLACES TO BE. AND FINALLY IT IS AN INCREDIBLE PLATFORM TO BE ABLE TO HOUSE IMPORTANT CULTURAL AND NEIGHBORHOOD ASSETS. LIKE MUSEUMS OR EVEN EDUCATION HUBS FROM UNIVERSITY. OR HEALTH AND WELLNESS OR FITNESS LOCATIONS FOR PILATES CLASSES. AT THE END OF THE DAY WE REALLY BELIEVE VERY STRONGLY THAT THIS IS AN INCREDIBLE OPPORTUNITY FOR UBER TO NOT ONLY CREATE AMAZING PLACES TO LAUNCH THE AERIAL RIDESHARE PROGRAMS BUT ALSO TO CONTRIBUTE BY HELPING TO CREATE COMMUNITY. WE WRAP UP WITH A BRIEF VIDEO HERE THAT WE WANT TO SHARE WITH YOU THAT HELPS TO BRING THE IDEA OF THE UBER MOBILITY HUB TO LIFE. THANK YOU. >>THANK YOU VERY MUCH. >>>WATCHING US THEY REALLY FEEL LIKE YOU’RE INCREDIBLY FORWARD THINKING AND INNOVATIVE ENVIRONMENT. WE HAVE THE PREMIER ARCHITECTURE WITH GENSLER IT IS REALLY THE KEY ABOUT HOW WE CREATE GREAT URBAN EXPERIENCES. WAS SUCH AN INNOVATIVE CONCEPT HERE. AND HOW THE FREIGHT — THIS CARPORT FRAMES THE EXPERIENCE. SOME OF THE THINGS THINGS LIKE PENN STATION FOR THOSE IN NEW YORK REALLY RUIN QUALITY LIFE EXPERIENCES AND HIGHLY DENSE URBAN ENVIRONMENTS. THE SENSE OF CONNECTION TO PEOPLE TO TRAVEL TO THE URBAN FABRIC. SOMETHING THAT WE SAW FEELS THE CONNECTIONS TO DAUPHIN URBAN PILOT. THEY REALLY TALK ABOUT THE JOY AND DELIGHT IN THE SENSE OF ANTICIPATION. AS YOU MOVE ON TO THE AIR. LET’S START WITH LA. THIS IS THE CAR CITY WITHIN INFRASTRUCTURE. LET’S SCALE DOWN TO A DISTRICT IN WEST HOLLYWOOD. A FAMILY OR DIFFERENT PARKING STRUCTURES WITH DIFFERENT SIZES AND SHAPES. HOW QUEEN UTILIZE THIS EXISTING SYSTEM TO SUPPORT THESE NEW CONCEPTS FOR UBER ELEVATE? WE HAVE TO UNDERSTAND THE CONSTRAINTS. THE PERFORMANCE SHOWS AN ANALYSIS WHERE AND BASICALLY ON OUR UNION OF A ROUNDTRIPS 7 1/2 MINUTES FOR TURNAROUND. WITH 32 PEOPLE TAKING OFF. 64 PEOPLE PASSING THROUGH SKY PORT. DOUBLE THE PARKING AREA AND INCREASE IT TO 64. AND SO ON AND SO FORTH. TO THE POINT WHERE YOU HAVE HUNDRED 92 PEOPLE PASSING THROUGH YOUR SKY PORT. WE ARE NOT TALKING ABOUT 1020. WE ARE TALKING IN THE HUNDREDS. THAT IS 24 ROUND TRIP IN ONE HOUR. WHAT WE FOUND IS THAT THERE WERE EXISTING PARKING GARAGES THAT CAN ACTUALLY HANDLE EVEN A GREATER VOLUME. A GREATER. CAPACITY. SO IMAGINE YOU DOUBLE THAT. YOU’RE BASICALLY TALKING ABOUT 1737 EVERY HOUR ARRIVING AND TAKING OFF. FROM ONE OF THESE SKY PORTS. THAT’S A LOT OF CAPACITY. SO HOW DO YOU MANAGE THAT? SO BACK TO THE PARKING GARAGES. ALL THE DIFFERENT SHAPES AND SIZES CAN’T ALL MANAGE THE SAME LEVEL OF CAPACITY. SOME OF THEM ARE ONLY IN THE TOP LEFT-HAND CORNER. REALLY TALKING ABOUT THE 737 EVERY HOUR. AND THEN YOU ADD TO THAT THE DIFFERENT THE PARKING PADS AND IN SOME CASES YOU CAN VISIT THE PARKING GARAGE AND HAVE DAP DROP OFF RIGHT AT THE SKY PORT. AND THEN WHAT IS LEFT OVER IS REALLY THAT ARC. THE FRAME THAT IS DEFINED BY THE PERFORMANCE ENVELOPE OF THE AIRCRAFT. THAT BECOMES THE ARC. WE WANT TO FOCUS ON THIS ONE RIGHT NOW. HERE YOU SEE THE THREE PARKING SPOTS WITH THE TWO LANDING AND TAKEOFF PADS IN THE VIP DROP OFF. THIS IS A QUICK SECTION WITH VERTICAL DROP OFF RIGHT TO THE ROOF. THERE IS A LOT OF OTHER THINGS THAT WE’VE SEEN THE GO INTO THIS. A LOT OF IT HAPPENS AS WE HAVE PICK UP IN THE JUMP BIKES. IF THE E SCOOTERS AND THE E VEHICLES AND THE CHARGING STATIONS. THIS IS THE WHOLE NETWORK STATION IN ONE AREA. AN IMAGE OF THE DROP OFF HERE. WHAT’S REALLY GREAT IS YOU CAN COME DOWN OFF THE ELEVATOR BY ARRIVING AND PICK UP YOUR EATS AND TALK — GOING TO YOUR FAVORITE MODE OF TRANSPORTATION. THEY HAVE THE JUMP BIKE MAINTENANCE FACILITY AND THEN ABOVE THAT YOU HAVE THE DRIVERS LOUNGE. AND THEN YOU START LOOKING AT THE OTHER AMENITIES NEEDED TO SUPPORT THE TERMINAL ITSELF. FROM CHECK-IN TO SECURITY AND A PLANNED VIEW THAT SHOWS ALL OF THIS. I WILL SCOOT THROUGH THIS VERY QUICKLY. BECAUSE IT REALLY IS ABOUT THE USER PASSENGER CURATING THEIR OWN EXPERIENCE. THERE SONY DIFFERENT EXPERIENCES THAT CAN HAPPEN HERE WHICH IS REALLY EXCITING. THIS IS REALLY THE WHOLE ECOSYSTEM THAT IS NEEDED TO CREATE ONE OF THESE SKY PORT EXPERIENCES. AND HERE YOU SEE ALL OF THOSE PROGRAMS NESTED WITHIN. AND THIS IS KEY. THIS NEXT SLIDE IS ABOUT SAFETY. WE HEARD A LOT ABOUT SAFETY YESTERDAY AND IN THIS CASE IT’S ABOUT HOW WE USE WAYFINDING SO THAT PASSENGERS, ONCE THEY LEAVE THE LOUNGE, HAVE A SAFE TRAJECTORY RIGHT OUT THROUGH. SO IT CAN BE VERY MUCH PART OF THE ARCHITECTURAL EXPERIENCE HOW YOU DO THAT. AT THE END THIS IS THE MOST ICONIC THING ABOUT THE PROJECT. THE FACT THAT EVERYBODY USES ELEVATE WILL BE ARRIVING FROM THE AIR AND TAKING OFF. THE FIRST THING THEY SEE OR THE LAST THING THAT THEY SEE WILL BE THE ICONIC ROOF SCAPE. IT IS AN ENERGY BLANKET. IT IS MADE UP OF HUNDREDS OF SOLAR CELLS GENERATING ENERGY FOR THE SKY PORT. BUT IT IS THOSE ARCS, THAT REACH OUT AND COLLECT ALL THESE DIFFERENT AIRCRAFT AS THEY COME INTO SPACE. IN HERE YOU GET THAT VIEW AGAIN OF THE ARC. AND THEN THIS IS THE BEST SHOT HERE. LIGHTING WILL PLAY A BIG ROLE ON HOW YOU EXPERIENCE THIS. STARTING QUICKLY, AGAIN THIS IS LIKE A DOLLHOUSE AS IT EXPLAINS ALL THE DIFFERENT KIT PARTS SO NOT GOING TO DWELL ON IT. SO IT SHOWS THAT THE COMPLEX OPERATION IS HERE. THIS IS WHERE IT GETS REALLY EXCITING. IS THE NETWORK THAT UBER IS TALKING ABOUT. IF CARS ARE COMING IN AND LEAVING, E SCOOTERS ARE MOVING UP, TOLLS AND LANDINGS, IT IS THE DYNAMIC A DANCE AND THIS IS SOME OF THE BEAUTY. BECAUSE AS YOU ARE LOOKING THROUGH HERE YOU CAN SEE THIS HAPPENING. THESE ARE SOME QUICK VIEWS HERE AS IF YOU WOULD JUST COME UP ON THE ELEVATOR. AND YOU ARE AT THE VIEWING DECK. EVEN IF YOU’RE NOT COMING THROUGH YOU CAN TAKE A PEEK WITH THE FAMILY AND THIS IS THE CHECK-IN DESK. THIS IS THE LOUNGE AND AGAIN THE IMPORTANT THING IS THAT ONCE YOU COME INTO THE SPACE WE HAVE AN UNOBSTRUCTED VIEW OF THE TARMAC. THE PILOT IS PARKING RIGHT IN FRONT OF YOU. THIS IS THE REAL SENSE OF SCALED INTIMACY. THIS IS THE VIP DROP OFF THAT YOU CAN SEE COMING UP. AND THIS IS JUST A QUICK ANIMATION THAT PULLS IT TOGETHER. IN THIS CASE THIS IS COMING UP FROM THE CORE. YOUR PASSING THROUGH SECURITY HERE. AND WHAT IS GREAT IS THAT YOU HAVE THIS UNOBSTRUCTED VIEW AGAIN AS YOU GO BACK TO SOME OF THESE IDEAS OF THE EARLY AIRLINE TERMINALS, THEY WERE ON ROOM. AND YOU JUST COME IN AND YOU COULD SEE OUT THROUGH YOUR AIRCRAFT. THIS IS SOMETHING IN THE SCALED INTIMACY THOSE VERY IMPORTANT. THE ONLY THING YOU SEE HERE IS HOW THE CEILING OF THE ROOF IS ACTUALLY SHADING THE PILOT’S COCKPIT. SO AS THERE WAITING THERE THEY’RE NOT COOKING IN THE AIRCRAFT. AND APOLOGIZE FOR WHAT WE SAW THEIR MOMENT AGO, BUT YOU CAN SEE HOW THE LIGHTING ON THE GROUND HELPS PLAY A ROLE IN MAKING SURE THAT PEOPLE ARE NOT WALKING OUT INTO THE DANGER ZONE. APOLOGIZE ABOUT THE ROTORS I KNOW THEY SHOULD BE GOING MUCH FASTER. BUT THIS IS JUST COMPUTING POWER FOR US. QUICKLY WANT TO TOUCH ON ANAHEIM. BECAUSE THE THING IS THERE SONY DIFFERENT SCALES OPERATING OUT HERE. YOU HAVE AREAS WHERE YOU HAVE A FEW PEOPLE COMING IN OR THOUSANDS OF PEOPLE COMING IN. ANAHEIM IS A GREAT EXAMPLE. HOW CAN WE SCALE UP AND TAKE ADVANTAGE OF ALL OF THAT PARKING ACREAGE? SO WE TOOK THE SAME SORT OF DATA AND TYPOLOGY AND STARTED TO GROW IT. LOOKING AT HOW WE CAN BEGIN TO OPTIMIZE IT. THERE’S A POINT WE CAN’T REALLY GROW IT ANY FURTHER BECAUSE THERE SONY AREAS WE CAN MEET THE REQUIREMENTS IN TERMS OF THE AIRCRAFT COMING IN AND LANDING. WHAT WE FOUND HERE IS THE COMPLETE SORT OF TYPOLOGY HERE. WE FOUND THAT THIS IS THE MOST EFFICIENT. SO YOU ARE TALKING HERE WAS 72 ROUND-TRIP TAKEOFFS AND LANDINGS. EVERY HOUR. WITH 576 PASSENGERS PASSING TO YOUR TERMINAL. THERE’S A REAL POSSIBILITY FOR SCALING UP HERE. THIS ONE WOULD BE A GROUND-UP SCENARIO. ONCE I SHOWED YOU WE ARE REPURPOSING IT. AND BRING IT INTO THE 21st CENTURY. THE WHOLE BEAUTY OF THE ROOF IS HERE. IT’S NOT ONLY ABOUT THE EXPERIENCE GOING THROUGH THE TERMINAL. AS WE HEARD YESTERDAY IT IS ALSO ABOUT SEEING THE CITY ANYWAY. AND HOW BEAUTIFUL THIS CAN BE. THIS IS SO EXCITING AND I’M VERY HAPPY TO BE HERE. >>GOOD MORNING. HUBER HAS POSITIVELY TRANSFORMED THE WORLD. AND TODAY THEY ARE UNITING COMMUNITIES ACROSS THE GLOBE. I HAVE COME HERE TO SHARE THE VISION THAT THEY’VE CREATED TAKEN ON SOME OF THE DESIGN PROGRAMS HERE HELPING UBER TRANSFORM AS JOHN MENTIONED 10,000 PERSON THROUGHPUT INTO A COMPELLING STRUCTURE WE DID ANTICIPATE THAT WE WOULD BE IN AN INTERNATIONAL LUNCH SITE WHICH WE DID AS OF YESTERDAY IN MELBOURNE. PART OF THE ASSIGNMENT IS TO TAKE THAT ON. THIS IS REAL. 2023 AS YOU CAN SEE IN OUR PRESENTATION IS GOING TO SEE A BUILDING WE ARE GOING TO COME CREATE ANY COMPELLING WE’RE GOING TO START IN DALLAS AND LOS ANGELES AND NOW IN MELBOURNE AS WELL. WE ARE CHARGED WITH TAKING THAT AND MAKING SENSE OF HOW TO BRING FOLKS FROM THE INTERNATIONAL AIRPORT TO DOWNTOWN BOTH OF WHAT YOU SEE IS WHAT WE ARE LOOKING AT WITH A SYSTEM BILL ON THE PARKING GARAGE THAT YOU JUST SAW VERSUS THE STRATEGY THAT PUTS IT ON THE GREENVILLE SITE. I’M NOT GOING TO WASTE YOUR TIME ON THE PROGRAM. YOU’VE HEARD IT BEFORE. BUT IN ADDITION TO THE KIND OF BASE PROGRAM HERE, WE BELIEVE IT IS ESSENTIAL TO CREATE A VITAL COMMUNITY THAT THERE ARE ADDITIONAL COMPONENTS WITH THE CAFE AND ALL THOSE THINGS THAT I CAN MAKE THIS PART OF THE COMMUNITY. TODAY WE ARE GOING TO START. IMAGINE THAT WE ARE GOING TO TAKE A JOURNEY INTO THE SIDE THAT THAT WE ARE LOOKING AT COMPLETELY ADJACENT TO DOWNTOWN. LET’S SEE IF THIS WILL LAUNCH THE VIDEO. >>THANK YOU JOHN. SO ERIC WAS BROUGHT ON BOARD TO THIS TEAM TO PROVIDE TECHNICAL EXPERTISE IN THE FIELD AVIATION PLANNING AS WELL AS SOME OF THE ENGINEERING ASPECTS. SO WHAT I WOULD LIKE TO TALK ABOUT, IS LOOKING AT THIS FROM AN AVIATION TECHNICAL STANDPOINT. WE WANT TO ASSUME THAT THEY WILL OPERATE LIKE HELICOPTERS. WE ARE FOLLOWING HELICOPTER GUIDELINES BOTH FOR THE FAA AND FROM RKO. SO THE IMAGES SEEN HERE, ARE THE APPROACH AND DEPARTURE FLIGHT PATHS. WE LOCATED THE LANDING PADS AS FAR APART AS POSSIBLE UNDER FAA STANDARDS WHICH IS 200 FEET SIMULTANEOUSLY INDEPENDENT OPERATIONS. SEE GET THE BEST EFFICIENCY FROM THE SITE THAT WAY WITH THE FLIGHT PATH SEPARATED BY AT LEAST HUNDRED 35 DEGREES FOLLOWING THE WIND PATTERN. SO WE START WITH AN EXISTING CARPARK. THIS IS THE PROGRAM THAT WE ADD TO IT. WE ARE PUTTING THE LANDING PADS AT OPPOSITE CORNERS AND A TAXIWAY THAT GOES ALL THE WAY AROUND THAT ACCESSES EVERY PARKING SPOT.’S WE HAVE MAXIMUM FLEXIBILITY TO GET FROM ANY LENDING PADS ANY PARKING SPOT. IT IS ADDED TO THE SIDE OF THE BUILDING. WE’VE GONE MULTIPLE RETROFITS IN THE PARKING STRUCTURES IN THE PAST AND FOUND THAT THEY ARE OFTEN ONLY DESIGNED TO ACCOMMODATE TO THE PARKING THAT THEY ARE DESIGNED FOR PLUS MAYBE ONE STORY. WE DIDN’T WANT TO PUT TOO MUCH ON THE TOP BECAUSE THE WEIGHT CANNOT BE HANDLED BY MOST PARKING STRUCTURES. SO THE PROGRAM IS OFF TO THE SIDE IN THE WOOD STRUCTURE THAT WE’RE GOING TO TELL BIT LATER. THE TOP FLOOR IS LIKE A MINIATURE AIRPORT. SO YOU HAVE A WAITING AREA AND RESTROOMS AND OTHER CONVENIENCES AND YOU ALSO HAVE A SECURITY CHECK LIKE YOU WOULD FIND IN AN AIRPORT. THIS ANIMATION JUST SHOWS THE ABILITY OF USING THE PARKING SPOT FOR MY THE LANDING PAD. IN TERMS OF TAXI DROUGHTS AND PARKING POSITIONS THAT I’VE DESCRIBED IN PREVIOUS SLIDES THERE THERE ALLOWING SIMULTANEOUS OPERATIONS. AS A PASSENGER THIS IS WHAT YOU WOULD SEE. REALLY NICE WOOD STRUCTURE AND IMMEDIATELY ADJACENT TO THE AIRCRAFT SO YOU HAVE A SHORT WALK. WE HAVE COLORED WALKWAYS SAY NO WHICH ONE YOU’RE SUPPOSED BE GOING TO BASED ON WHAT YOUR SMARTPHONE TELLS YOU. THE LOUNGE IS COMFORTABLE. IT’S LIKE THE OLD DAYS OF AVIATION WHERE YOU CAN ACTUALLY APPROACH THE AIRCRAFT DIRECTLY AND ARE NOT SEPARATED FROM THEM BY ABORTING BRIDGE OR ANYTHING LIKE THAT. IT’S A VERY PERSONAL EXPERIENCE. THE SKY PORT LOUNGE AS A SERVICE ELEVATOR FOR THE EMPLOYEES WHERE YOU WANT TO KEEP OUT OF VIEW OF THE PASSENGERS AND THE MECHANICAL PARTS ETC. THAT MAY BE BROUGHT UP. HERE’S A CUTAWAY VIEW. SO HERE’S WHERE WE START TO SEE THE JUMP OPERATIONS ON THE GROUND FLOOR THAT ARE PART OF THE RETROFIT. THE REST OF THE PARKING GARAGE REMAINS A PARKING GARAGE. SO THE OWNER WILL CONTINUE TO GET REVENUE BASED ON THE CARS THAT THEY NORMALLY HAVE THEIR. SO YOUR PICKUP AND DROP OFF WILL ACCESS THIS OR POSSIBLY VIA JUMP OR THE SCOOTERS OR BICYCLES. THERE’S ALSO A CAFE ON THE GROUND FLOOR THAT I MENTIONED FOR UBER EATS. THEY HAVE CHARGING AND WE HAVE IT RIGHT NEXT TO THE CAFE AS WELL. AND THEN THE BIG RED ZONE IN THE MIDDLE IS THE JUMP OPERATIONS. SO THAT IS THE BACK OF HOUSE AREAS WHERE THEY WILL BE REPAIRING THE SCOOTERS AND BIKES ETC. FROM THE GROUND LEVEL YOU WILL HAVE THIS VERY NICE NEW FACADE THAT WILL MAKE IT MUCH MORE PEDESTRIAN FRIENDLY. THERE IS CAFE SEATING THAT IS VERY APPROACHABLE AND YOU WILL APPROACH ON THE GROUND FLOOR. YOU CHECK IN AND ONLY PASSENGERS WILL BE ALLOWED INTO THE ELEVATOR UP TO THE LOUNGE. AND THEN WE HAVE THE GREEN LIGHT HUB. FOR THE DRIVER PARTNERS WHO NEED A PLACE TO REST OR GET SOMETHING TO EAT RECHARGEABLE BATTERIES, THAT ONE IS IN THE GREEN SPACE THERE. AND THIS IS WHAT THEIR EXPERIENCE WOULD BE LIKE. WE WANTED THE EXPERIENCE FOR THE DRIVER PARTNERS TO BE JUST AS NICE AS IT IS FOR THE PASSENGERS.’S WE HAVE THIS NICE LOUNGE SPACE BUILT FOR THEM AS WELL. AND THIS IS WHAT IT WOULD LOOK LIKE FROM GROUND LEVEL. AND I WILL HAND IT BACK TO JOHN TO DESCRIBE THIS PART. >>SO BYRON TALKED ABOUT HOW THE BUILDING IS COMING TOGETHER AND I WANT TO UNDERSCORE SOMETHING THAT DIANE HOSKINS MENTIONED THIS MORNING IN HER PRESENTATION. AT THE END OF THE DAY, THE COMMITMENTS THAT WE NEED TO MAKE WITH HUBER AND THE DEVELOPMENT PARTNERS IS WITH THE CITY. AND THIS IMAGE TALKS ABOUT HOW WE TAKE THE FUNDAMENTALLY BREAK EXISTING PARKING GARAGE AND ENGAGE IT BRINGING THOSE ACTIVITIES THAT ARE PART OF THIS FABULOUS SKY PORT AND BRING THE ACTIVITY TO THE CITY. THROUGH THE USE OF THE CAFE AND ALL THE SPACES BEING ENGAGED. LET ME TALK ABOUT SOMETHING IS VERY IMPORTANT HERE. AND THAT IS HUBER’S COMMITMENT TO SUSTAINABILITY. WE ARE IN A GLOBAL AND ENVIRONMENTAL CRISIS. IF WE DON’T ALL TAKE IT ON, THE CRISIS WILL ONLY GET WORSE. SO THE CHILTON TEAM DECIDED FROM DAY ONE THAT THIS PROJECT IN ADDITION TO SOLVING ALL THE PRIMARY GOALS THEY NEEDED TO DO THE RIGHT THING ENVIRONMENTALLY. SO WE LOOKED AT WHAT WE COULD DO AS DESIGNERS. AND THE PIE CHART TALKS ABOUT THE CHALLENGE THAT CO2 EMISSIONS HAVE IN ADVANCING GLOBAL WARMING. AND THE COMPONENTS OF THAT ARE THINGS THAT WE CAN FIX. THE BUILDING INDUSTRY TAKES IT UP ABOUT 40% OF THAT. BUT JUST THE MATERIALITY THAT WE WILL BUILD THIS OUT OF, CONCRETE OR STEEL WHICH YOU HAVE SEEN FOR MOST OF THE EARLIER SCHEMES TAKES ABOUT 8%. SO CAN WE BUILD THIS BUILDING OUT OF SOMETHING ELSE? WE BELIEVE THAT MATERIAL TO BE WOOD. WOOD HAS GONE THROUGH A TRANSFORMATION THE LAST DECADE. WHERE WITH SUSTAINABLE FORESTRY PRACTICES AND ADVANCED ENGINEERING WE CAN USE STRATEGIES NEVER BEFORE MENTIONED. IT IS HIGHLY SUSTAINABLE. WE CAN PREFABRICATED WHICH WILL HELP US REDUCE THE PRODUCTION COSTS AND CONTROL THOSE COSTS. AT THE END OF THE DAY IT IS A BIO FEEL LIKE MATERIAL THAT WE ALL FEEL COMPELLED TO EMBRACE. WHAT WE HAVE DONE AND WE WILL MOVE THIS QUICKLY AS ITS FIGUREHEAD STUFF BUT WE’VE PUT A VERY LIGHT TRUST SYSTEM ABOVE THAT DECK AND ARE CONFIDENT THAT THE CAPACITY CAN HANDLE IT. ON TOP OF THAT WE PUT THE ADDITIONAL PROGRAMMING STRUCTURES THAT WANT MORE GENEROUS CEILING HEIGHT THEN YOU GET IN A PARTICULAR PARKING GARAGE. WITH UNIQUE STRUCTURES THAT SUPPORT THE LAUNCH AND THEN WE WILL GO AHEAD AND POUR A THIN CONCRETE SHELL ABOVE THE WOOD TIMBER PLATFORM. TO CREATE THE FLIGHT DECK. AND WILL WRAP THAT ALL IN A HIGH-PERFORMANCE ENCLOSURE AND FINALLY WE HAVE CREATED THIS ELEGANT PARASOL JUST KIND OF A WOODEN PARASOL AND WHAT IT DOES IS PROTECT THE PASSENGERS FROM THE HEAT OF THE SUN AND THE RAIN. BUT ARGUABLY IT CREATES A BEAUTIFUL EXPERIENCE FROM THE PASSENGER TERMINAL TO YOUR CRAFT. BUT IT ALSO ALLOWS US A PLATFORM TO DO WHAT IS VERY IMPORTANT WHICH IS TO GENERATE POWER SO THAT WE CAN GET THE FACILITY AS MUCH AS POSSIBLE OFF THE GRID. WE HAVE CALCULATED THAT THIS DESIGN USES APPROXIMATELY 95,000 CUBIC FEET OF TIMBER. SO WHAT DOES THAT MEAN? IT MEANS THAT WE CAN CREATE A CARBON OFFSET OF 3000 METRIC TONS. SO WHAT DOES THAT MEAN? IT DOESN’T MEAN ANYTHING TO ME. IT CAN TRANSLATE TO THIS FACILITY BEING ABLE TO TAKE 650 INTERNAL COMBUSTION CARS OFF THE ROAD. THAT’S A BIG DEAL. AND IT GETS BETTER. SO HERE YOU SEE JUST A GLIMPSE OF WHAT THIS FACILITY IS AND HOW SPECIAL IT CAN BE WITH WHAT HAS NOT BEEN FUTURE MUCH, THERE WAS A BUDGETARY CHALLENGE THAT WE TAKE VERY SERIOUSLY. OUR BELIEF AS WE CREATE A LOT OF ARCHITECTURE WITH GREAT USER EXPERIENCE AND WE PROTECT THE BUDGET. SO LET’S IMAGINE, IF YOU WILL, A TRIP BACK FROM THE DOCK TAKING A SHORT FLIGHT BACK TO THE NEW FACILITY THAT WE HAVE CREATED AT THE INTERNATIONAL AIRPORT. AND HE COULD SEE THE PATH THAT WE WILL TAKE. AND THEN AS YOU APPROACH THAT FACILITY, WHAT YOU SEE IS WHAT WE ARE TRYING TO LEVERAGE SO THAT THE DESIGN THAT YOU MAY HAVE EXPERIENCED FEELS SIMILAR IN THE GREENFIELD SITE. SO THE FLIGHT DECK IS VIRTUALLY IDENTICAL. WHAT WE DO IS WE TAKE THE FLIGHT DECK AND HAVE LIFTED IT UP APPROXIMATELY ONE STORY INTO THE AIR WHICH ALLOWS US TO MITIGATE THE GROUND PLANE OBSTRUCTIONS AND HELPS A BIT ON ACOUSTICS. AND THEN OF COURSE WE KEEP SEPARATE THE SATYRS AND THEN WE PUT ALL OF THE PROGRAM AREA AS WE NESTLE IT UNDER THE FLIGHT BACK. VIRTUALLY THE EXPERIENCE THAT YOU WILL HAVE IS IDENTICAL. IT SHOWS HOW WE BUILD IT HERE WITH THE WOOD STRUCTURE AND THE TRUSSES IN THE FLIGHT DECK AGAIN. AND THEN HERE, BECAUSE THE CRAFT IS A BIT CLOSER TO THE GROUND WE ARE CONCERNED OF THE ROTOR WASH SO WE ARE GOING TO SUGGEST THAT WE SPEND SOME MONEY AND BUILD A PROTECTIVE CANOPY THAT MITIGATES THE ROTOR WASH AND PROTECTS AGAINST THE RAIN. SO THIS FACILITY LIKE THE EARLIER ONE IS HIGHLY EFFICIENT AND REDUCES CO2 EMISSIONS. SO HERE, WE HAVE 1300 CARS COMING OFF THE ROAD. BUT I THINK THE POINT THAT IS SIGNIFICANT IS AFTER YOU THINK ABOUT THE ELEVATE NETWORK THIS IS JUST MELBOURNE. WHAT IS SHOWN HERE, WE HAVE OVER 1000 CARS THAT ARE OFF THE ROAD. BUT IF WE APPLY THIS THROUGHOUT THE NETWORK ACROSS THE GLOBE, IT CAN DO OUR PART TO MITIGATE THE GLOBAL CRISIS. AND I THINK FINALLY, WHAT WE WANT TO FOCUS IN ON IS THAT YES WE HAVE A BEAUTIFUL STRUCTURE. IT IS COST-EFFECTIVE AND WILL CREATE A COMPELLING EXPERIENCE FOR THE PEOPLE THAT USE IT. BUT I THINK WHAT A PERSON MUST FOCUS IN ON, FOR ME THE REAL GIFT OF HUBER ELEVATE, IS THE TIME THAT THIS NETWORK WILL GIVE BACK TO ALL OF US. INSTEAD OF BEING CAUGHT IN TRAFFIC WHICH IS PROBABLY 55 TO 60 MINUTES TO GET DOWNTOWN FROM THE AIRPORT, IN FIVE MINUTES THEN YOU ARE THERE. WE ALL LIVE OUR LIVES SCRAMBLING FOR EVERY SECOND. THIS IS A PROFOUND GIFT. THE TRUE GIFT OF HUBER ELEVATE. NOW LET ME GIVE YOU SOME EXTREMELY GOOD NEWS. HUBER ELEVATE IS VERY MUCH CLOSER THAN YOU THINK. THANK YOU VERY MUCH. >>GOOD AFTERNOON. OR GOOD MORNING STILL SORRY. IT’S GREAT TO BE BACK AT THE SUMMIT AGAIN. ONCE AGAIN PRESENTING OUR IDEAS ABOUT SKY PORTS. LAST YEAR WE WERE APPEAR PRESENTING OUR IDEA FOR THE MEGA SKY PORT WHICH WAS CALLED CONNECT. IT WAS ABOUT DELIVERING A HIGH THROUGHPUT EPISODIC OPERATION TO MAKE CONNECTIONS BACK TO THE COMMUNITY. SINCE THAT TIME WE’VE WORKED WITH A GREAT TEAM OF PARTNERS TO DEVELOP THE NEXT EVOLUTION OF THIS DESIGN. TODAY I’M EXCITED TO SHARE WITH YOU CONNECT EVOLVED. IS THE NEXT STEP IN THE MULTI- THEM TRANSPORTATION ENHANCING COMMUNITY ENGAGEMENT. >>WITH TWO MAJOR DOWNTOWNS, AND CONSTANT GRIDLOCK, THE DFW METROPLEX IS AN IDEAL LOCATION. THEY CHOSE DOWNTOWN DALLAS AND SUBURBAN FRISCO FOR THE FOCUS OF THE SITES. BOTH ARE WELL-CONNECTED ALREADY. BUT THEY BOTH REPRESENT DIFFERENT DEMOGRAPHICS. DALLAS HAS A YOUTHFUL POPULATION WITH A HIGH PERCENTAGE OF INWARD BOUND COMMUTERS, PROFESSIONALLY FOCUSED SOMETIMES WORKING AND LIVING DOWNTOWN AT THE SAME TIME. AND THEY ALSO HAVE A PULSE OF TOURIST AND VISITORS THERE CONSTANTLY COMING INTO DALLAS CREATING AN INCREASE IN POPULATION THROUGHOUT THE DAYTIME. FRISCO ON THE OTHER HAND IS FOCUSED ON OUTWARD COMMUTERS WITH A FAMILY POPULATION. THEY ALSO HAVE A DECREASE IN DAYTIME POPULATIONS THROUGHOUT THE DAY. FOR US, THIS IS MORE OF A CHALLENGE OF LOOKING AT THE DESIGN THE SKY PORT. AND HOW WE CAN FOCUS ON THE TWO USER PROFILES THAT WE JUST IDENTIFIED. BUT ALSO MAKING SURE THAT WE REFLECT AND RESPOND TO THE COMMUNITY IN THEIR UNIQUE WAYS. LASTLY WE WANT TO MAKE SURE THAT WE CREATE A COMMON DESIGN THAT CAN BE REPLICATED AS NEEDED TO EACH LOCATION. >>WITHIN THE DENSE URBAN AREAS, MANAGERS RESTRICTIONS, HEIGHT LIMITATIONS AND SETBACKS WILL ALL INFLUENCE HOW THE SKY PORT CAN REALLY ENGAGE IN OPERATIONAL FEASIBILITY ON A DAILY BASIS. TO HELP IMPROVE THAT SITUATION THE EXISTING HIGHWAY INFRASTRUCTURE GIVES US THE ADJACENCY THAT WE NEED TO GET INTO THE SKYLINE NETWORKS. THE STRATEGY ALLOWS US TO FIT SKY PORTS IN MULTIPLE LOCATIONS. SKY PORT CAN BE BUILT AROUND OR LOVE ABOVE EXISTING INFRASTRUCTURE. BUT OUR TEAM EXPLORED VARIOUS OPERATIONAL PARADIGMS THE CHALLENGE WHAT WE THOUGHT WE KNEW ABOUT FUNCTIONALITY, SCALABILITY AND OPERATIONAL EFFICIENCIES. IT USES THE SIMPLICITY OF A LINEAR FLIGHT DECK LAYOUT. STREAMLINING OPERATIONS AND EFFICIENCY. ALL THE WHILE PROVIDING REDUNDANCY THAT THEY WILL EXPECT FROM THIS TYPE OF MODALITY. THIS ALLOWS US TO SCALE AN INCREASE IN VIRTUALLY ANY DIRECTION. JUST BY SIMPLY ADDING A MODULE OR TWO WE COULD PRESERVE THE OPERATIONAL PRECISION THAT AUTONOMOUS VEHICLES WILL REQUIRE. IT WAS EQUALLY IMPORTANT THAT WE EXPLORE THE TOUCH POINT TO THE USERS ON EVERY STEP OF THEIR JOURNEY. DEVELOPING A CONVENIENT AND SEAMLESS FLOW FROM THE GROUND TO THE FLIGHT DECK. THE CONNECTION IS WHERE THE MAGIC HAPPENS WHEN WE CONNECT WITH THE COMMUNITY AND THE NEIGHBORHOOD FOR THE FIRST TIME AND INTRODUCE THE DIFFERENT MODALITIES OF TRANSPORTATION. FROM THERE THEY WILL PROCEED TO THE HUBER LOBBY. THEY WILL BE GREETED BY GROUND CREW MEMBER IF THEY HAVE ANY QUESTIONS OR THEY CAN GO THROUGH A SEAMLESS INTEGRATED PROCESS FOR VERIFICATION AND SECURITY ON THEIR WAY UP TO THE FLIGHT DECK. ONCE AT THE FLIGHT DECK, USERS CAN RELAX OR THEY TAKE A FEW MINUTES OF RESPITE BEFORE THE RIDE IS READY TO DEPART. ONE LAST UP ON THE WAY OUT THE DOOR THE GET THE FINAL TICKET VALIDATION TO ENSURE THAT THEY ARE GETTING ON THE RIGHT AIRCRAFT. IS JUST ONE STEP IN DEVELOPING A NEW TRANSPORTATION TECHNOLOGY.>>WITH PLENTY OF MARGINAL SPACE WE CHOSE DOWNTOWN DALLAS FOR THE GREAT RESOLUTION. THIS DESIGN CAN BE EASILY ADAPTED TO ANY LOCATION. THE LOWEST LEVEL HOUSES SPACES THE PARK AND RECHARGE ALLOWING THE CONNECTION PLAZA TO REMAIN PART OF THE SKY PORT AND CREATE THAT FIRST PEDESTRIAN TOUCH POINT. ON THE CONNECTION PLAZA THE STRONG ORGANIZATION HAS THE VEHICULAR FLOWS TO CREATE SAFE ACCESS FOR PEDESTRIANS INTO APPLAUSE EACH DAY. IT ALSO INTUITIVELY DIRECTS PASSENGERS THE LOBBIES LOCATED ON THE CORNERS OF THE SITE. WITH A CONNECTED BY CAR OR PEDESTRIAN ROUTE TO HIGH-SPEED RAIL THAT IS LOCATED NEARBY THIS BECOMES A TRUE MULTIMODAL PLAZA. JUMP BIKES AND SCOOTERS ARE THOUGHTFULLY INTEGRATED THROUGHOUT THE PLAZA IN LANDSCAPE FUTURES AND SITE FURNISHINGS. PLAZA ALSO HAS SHOPS AND RESTAURANTS THAT ALLOWS SPACES HERE. HUBER AIR PASSENGERS HAVE PROCEEDED THROUGH INTEGRATED SECURITY AND VERIFICATION METHODS. THEY ALSO PROVIDE CONVENIENT ACCESS TO THE HUB. THIS ALSO WELCOMES THE DRIVERS INTO A PLACE WHERE THEY CAN LOUNGE, TROUBLESHOOT AND ALSO NETWORK AS NEEDED. THE REMAINING LEVELS IN THE SKY PORT ANY LOCAL ART GALLERY SPACE REALLY HELPS TO ENERGIZE THE SPACE BUT IT IS IDEALLY SUITED FOR MAKERS SPACES. THESE ARE LOCATED ABOVE THE HIGHWAY AT ARE HIGHLY VISIBLE. THEY PROVIDE GREAT VIEWS TO THE SURROUNDING COMMUNITIES IN WHICH THEY SERVE. OF COURSE, THE TOP OF THE SKY PORT IS THE FLIGHT DECK. BUT IT IS ONLY ACCESSIBLE TO PASSENGERS. THE FLIGHT DECK EFFICIENTLY AS THE OPERATIONAL FACILITIES OF HUBER AIR. IT ALSO HAS A PRIVATE OUTDOOR TERRACE AND A QUICK LOUNGE FOR HERB OR PASSENGERS BEEN THE LAST FEW MOMENTS. FROM DOWNTOWN DALLAS WE CAN NOW CONNECT ACROSS PREVIOUSLY INCONVENIENT DISTANCES. WITH THE HASSLE ASSOCIATED WITH THE DAILY COMMUTE REMOVED. >>SIMILAR DESIGN LANGUAGE THINGS TO THE COMMON KID APART THAT WE WERE TALKING ABOUT THE FRISCO RETROFIT IS ADAPTED TO COMPLETELY DIFFERENT SITE CONSTRAINTS. UTILIZES EXISTING SEVEN-STORY PARKING GARAGE AND A CONNECTION PLAZA THAT INCORPORATES THE SAME FAMILIAR DIAGONAL TO SEPARATE AND ORGANIZE PEDESTRIAN VEHICULAR TRAFFIC BOOK THE STRUCTURE HAS BEEN MODIFIED AND REINFORCED TO ALLOW STRATEGIC REMOVAL OF FLOOR PLATES TO GET HIGHER HEAD HEIGHT INTO THE INCREASING OF PASSENGER EXPERIENCE THROUGHOUT THE FACILITY. THE CONNECTION PLAZA OFFERS RETAIL AMENITIES SPACES AND AS EASY CONNECTIONS THROUGH BRIEF DELIVERY. IT ALSO ENCOURAGES MOVEMENT THROUGH THE SITE FURTHER ACTIVATING THE SKY PORT DURING NON-COMMUTER PEAK TIMES. THIS IS A COMMUNITY SPACE IN THE COMMUNITY PLAZA. IT IS LOCATED ON THE SOMEONE HAS DIRECT ACCESS TO THE DRIVERS FOR THE PARKING GARAGE. ADDITIONAL RETAIL SPACE, ELEVATED DINING AND OTHER AMENITIES COMPRISE THE REMAINDER OF LEVEL TWO WITH PARKING DECKS ABOVE. THESE RELATIVELY MINOR MODIFICATIONS TRANSFORM THE PARKING GARAGE INTO A COMMUNITY PARTNER. >>WALL VARIETY IS THE SPICE OF LIFE, TIME IS OUR MOST VALUABLE RESOURCE. AS HYPER CONNECTED LIFESTYLES BECOME MORE, THEY CAN RECLAIM LOST TIME, WE SHAPE OUR CITIES AND REPRIORITIZE THAT WHICH TRULY MATTERS. LIFE ITSELF. INTRODUCING, THE SKY PORT MOBILITY HUB. A DYNAMIC TRANSPORTATION MODULE CONNECTING USERS TO RETAIL, GROCERY AND SPORTS VENUES. WAS SERVING AS A CONVENIENT NEIGHBORHOOD AMENITY. THE SKY PORT PROVIDES EFFICIENT AIR TRANSIT, MULTIMODAL CONNECTIONS AND ADDRESSES LOCAL COMMUNITY NEEDS. A SINGLE MODULE CAN BE ADOPTED ANYWHERE FOR CONVENIENT ACCESS AND IS COMPRISED OF MULTIPLE COMPONENTS. JUMP BIKES AND SCOOTERS ARE PARKED THROUGHOUT THE CONNECTION AREA. INCLUDES AN ON-SITE JUMP FACILITY FOR TENTACLE SUPPORT. THERE ARE SELF DRIVING HUBER GROUND FACILITIES ABLE TO RECHARGE BEFORE PICKING UP AT DEDICATED PLAZA PICK UP ZONES. THE FLIGHT DECK NEXT TO HIM WITH THEIR CALL. OPERATIONAL EFFICIENCY IS PARAMOUNT AS PRECISE AIRCRAFT MOVEMENTS OPERA — PROVIDES AN EFFICIENT SEQUENCE FOR PARKING AND RECHARGING. CURBSIDE DROP OFF IS ADJACENT TO THE LOBBY WERE NECESSARY TO GIVE VALIDATIONS SEAMLESS SECURITY SCREENING AND WEIGHT VERIFICATION IS STREAMLINED. PROVIDING SECURE ACCESS ABOVE. THEY CAN ACCESS A GREEN LIGHT HUB FOR USER SUPPORT AND PREMIUM AMENITIES. WHETHER YOU’RE PLANNING ACROSS TOWN COMMUTE OR A TRIP TO A LOCAL EVENT, THE SKY PORT IS YOUR FIRST STEP TOWARD A STRESS- FREE TRANSPORTATION EXPERIENCE. PROVIDING AN EFFICIENT CONNECTION ACROSS PREVIOUSLY INCONVENIENT DISTANCES. REDUCING THE HASSLE ASSOCIATED WITH THE DAILY COMMUTE. BRINGING A CLEAR FOCUS ON EXPERIENCE. IT CHANGES HOW WE TRAVEL SO WE CAN FOCUS ON THE WHY WE TRAVEL. BY PROVIDING UNLIMITED ACCESS TO THE SKY THE SKY PORT MOBILITY HUB INCLUDES A LIFESTYLE DESTINATION THAT RECLAIMS MORE THAN JUST TIME. THE FUTURE OF URBAN AIR MOBILITY IS HERE. I WANT TO THANK MY KEY PARTNERS ON THIS AUSTIN COMMERCIAL, KELLY HORN AND WSB FOR THE SUPPORT ON WHAT YOU SAW HERE TODAY. AND BECAUSE I SAW A LOT OF YOU OUT THERE WITH YOUR PHONE’S RAISED ALL THE INFORMATION THAT WE HAVE IS AVAILABLE ON OUR WEBSITE THIS AFTERNOON AT IS AVAILABLE ON OUR WEBSITE THIS [email protected] SUE CAN GET THIS AND LOOK AT IT AT YOUR OWN LEISURE. THANK YOU, AND REMEMBER THAT CONNECTIVE ALL CHANGES >>NOW THAT WE’VE SEEN A PHYSICAL INFRASTRUCTURE, WE WOULD LIKE TO TAKE A MOMENT TO DISCUSS THE FUTURE OF SAFETY AND CUSTOMER CENTRIC OPERATIONS AT THE SKY PORT. AND TO DO THAT, I AM INCREDIBLY EXCITED TO ANNOUNCE SIGNATURE FLIGHT SUPPORT AS IT ELEVATES OPERATIONS AND INFRASTRUCTURE PARTNER. SIGNATURE FLIGHT SUPPORT IS THE LARGEST GROUND-BASED OPERATIONS FOR AVIATION. SIGNATURE’S COMMITMENT TO SAFETY AND PASSENGER EXPERIENCE MAKES HIM THE PERFECT PARTNER TO BUILD WORLD LEADING GROUND- BASED OPERATIONS AT ALL OF OUR SKY PORTS. I WOULD LIKE TO INTRODUCE YOU KNOW TO SEAN HALL SIGNATURES CHIEF COMMERCIAL OFFICER TO TELL US MORE. SEAN? >>I WAS ACTUALLY HOPING SORRY I APOLOGIZE. OKAY SO ON BEHALF OF SIGNATURE FLIGHT FOR THE ENTIRETY MANY OF WHICH ARE HERE IN THIS ROOM TODAY, I JUST WANT TO SAY WE COULD NOT BE MORE PROUD TO PARTNER WITH HUBER AND QUITE FRANKLY MANY OF YOU IN THIS ROOM TODAY TO BRING MANY OF THESE THINGS THAT WE WERE TALKING ABOUT LIFE. IT’S A REALLY STRONG PARTNERSHIP AND YOU HURT A BIT OF THE INTRO HERE. IT’S ONE THAT LEVERAGES OUR DEEP CUSTOMER CENTRIC EXPERTISE AND INDUSTRY DEFINING NETWORK WITH THE THINGS THAT YOU’RE SEEING HERE TODAY THAT WE ARE SO WELL KNOWN FOR. REALLY JUST CHANGING THE FACE OF HOW WE THINK ABOUT MOVING AROUND AS A SOCIETY. THE VERY EXCITING THINGS AND WE ARE VERY EXCITED TO BE PART OF IT. OKAY. JUST TO GIVE A BIT OF CONTEXT, FOR THOSE WHO MAY NOT KNOW WHAT SIGNATURE IS, WE HAVE AS IT WAS MENTIONED THE WORLD’S LARGEST PRIVATE NETWORK OF AVIATION TERMINALS. YOU WILL HEAR FPO OR FIXED SPACE OPERATOR THROWN AROUND. THERE ARE A COUPLE HERE DISTRESS AND YOU WILL SEE HOW WE FIT INTO THIS SCHEME. WE SIT AT THE HUB OF ALL AVIATION NEEDS. YOU HEARD DARA TALK ABOUT IT A BIT LAST NIGHT. REALLY TO UNLOCK THAT THEIR DIMENSION YOU NEED A LOT OF THINGS TO COME TOGETHER. ALL IN ONE SINGLE PLACE WHILE YOU ARE STILL ON TERRA FIRMA. AND THAT IS WHAT WE DO DAY IN AND DAY OUT. THE WAY YOU THINK ABOUT THAT THEIR AIRCRAFT NEEDS ALL THE WAY FROM FUELING THE AIRCRAFT TO SERVICING THE AIRCRAFT TO PROVIDING MAINTENANCE FOR THE AIRCRAFT OR EVEN A HANGER FOR THE AIRCRAFT. THOSE ARE ALL OF THE TYPES OF SERVICES AND OFFERINGS THAT WE HAVE INSIDE OF OUR NETWORK. THE OTHER PIECE IS THE HUMAN PIECE. WE SERVE TWO KEY GROUPS HERE THOSE OF THOSE THAT ARE FLYING THE AIRCRAFT’S BUT THEN ALSO THE PASSENGERS. THE THING THAT SIGNATURE IS REALLY GOOD ABOUT IS BEING ABLE TO SEAMLESSLY BRING ALL OF THESE DIFFERENT PIECES TOGETHER IN ONE OF THOSE KEYNOTES LIKE I SAID IN THE JUMPING OFF SPOT TO BE ABLE TO GO IN EXCESS THAT THEIR DIMENSION. THERE ARE COUPLE OF KEY PIECES TO STRESS HERE. IS A DYNAMIC WORLD ON THE FLIGHT LINE. IS SAFETY MISSION NUMBER ONE. AND SOMETHING I THINK ACROSS OUR ENTIRE NETWORK WE TAKE AN IMMENSE AMOUNT OF PRIDE TO GET IN DAY IN AND DAY OUT AND OPERATE SAFELY. THE OTHER KEY PIECE WE WERE TALKING ABOUT HUMAN BEINGS. SO WE’RE NOT JUST PUSHING WIDGETS OR ANIMALS INTO CONTAINERS. THESE ARE REAL HUMAN BEINGS IN THE EXPERIENCE MATTERS. IF YOU LOOK HERE YOU CAN SEE A PRIVATE JET. YOU CAN IMAGINE THE TYPES OF FOLKS ARE USED TO DEALING WITH THIS DAY IN AND DAY OUT DEMAND A HIGH LEVEL OF SERVICE. SO THAT IS EXACTLY WHAT WE PROVIDE. THERE IS ANOTHER KEY COMPONENT ON WHY THIS PARTNERSHIP IS SO IMPORTANT AND WORKS SO WELL. WE SEE A LOT OF DOTS ON THE MAP. I HAVE NOT GONE IN AND COUNTED BUT THERE ARE NOT 200 DOTS ON THE MAP. BUT THAT IS ONLY BECAUSE SOME OF THESE PLACES ARE SO CLOSE TOGETHER. OVER 200 OF THESE PRIVATE AVIATION TERMINALS ARE HERE AROUND THE WORLD. AND THAT IS VERY IMPORTANT WHEN YOU MARRIOTT BACK WITH MY PREVIOUS POINT WHICH WAS BEING A HUB OF THOSE AVIATION NEEDS. IT IS ONE THING TO DO THIS REALLY WELL ON LOCATION. IT’S ENTIRELY DIFFERENT TO GO AND CONSISTENTLY DELIVER THAT HIGH LEVEL OF SERVICE ACROSS THE NETWORK LIKE THIS. THAT SOME REALLY TOUGH STUFF AND THINGS THAT WE TAKE A LOT OF PRIDE IN GETTING THE INDUSTRY LEADER HERE. WE ATTENDED HUBER ELEVATE SUMMIT LAST YEAR IN LOS ANGELES. TRANSPARENTLY I THINK WE WENT WITH AN OBSERVER MINDSET. WE WANTED TO UNDERSTAND HOW FAR OUT IT WAS AND AS YOU CAN IMAGINE THAT IS VERY IMPORTANT WHEN YOU’RE PUMPING FUEL ON BOARD SOME OF THESE PRIVATE JETS. SO WE WANTED TO UNDERSTAND THAT. AND WHAT EXACTLY IT WAS TRYING TO DO AND WHERE THEIR NETWORK WITH POTENTIALLY PLUG INTO HOURS. WE DO KNOW THE AIRPORTS ARE VERY IMPORTANT FOR THE CURRENT HUBER GROUND-BASED TRANSPORTATION. I MENTIONED SHOWING UP WITH AN OBSERVER TYPE OF MENTALITY. AND WITHIN THE FIRST MORNING, A COUPLE OF HOURS INTO IT I REALIZED I NEEDED TO QUICKLY PIVOT FROM OBSERVER TO PARTICIPANT. BECAUSE THE SUMMIT WAS NOT JUST ABOUT THEORETICAL DISCUSSIONS. IT WAS ABOUT REAL PROBLEM- SOLVING. GOING INTO THESE PROBLEMS THAT ARE GOING TO ALLOW US TO TURN THIS IDEA INTO FRUITION. SO IT WAS THERE LAST YEAR THAT WAS STARTED HAVING CONVERSATIONS ABOUT WHAT THIS PARTNERSHIP WOULD POTENTIALLY LOOK LIKE. AGAIN I’M VERY PROUD TO SAY THAT ONE YEAR LATER HERE I AM WITH A FORMAL PARTNERSHIP IN PLACE AND I’M EVEN MORE PROUD TO SAY THAT LAWYERS IN THE BACK OFFICE ARE STRIKING UP THE CONTENT HERE. WORKING IN REAL LIFE TO OPERATE AND TEST I THINK THERE WAS A COMMENT MADE EARLIER THAT YOU HAVE TO FLY TO PROVE YOU HAVE TO THAT YOU CAN FLY. SO YOU HEARD STAN TALK ALL DAY ON ABOUT HUBER COPTER. WE ARE THE PROUD PARTNER OF FULFILLING THAT SERVICE AND MAKING IT A REALITY. THAT’S REALLY JUST A BUILDING BLOCK FOR US TO TEST AND LEARN SO THAT WE CAN APPLY IT TO WHAT WE’RE TALKING ABOUT HERE TODAY WHICH IS ALL ALONG THE SAME LINES. YOU MAY RECOGNIZE THIS FROM THE PREVIOUS PRESENTATION BUT YOU CAN SEE THE SIGNATURE BRANDING ON IT. SO THANKS FOR ALLOWING US TO SHARE THIS. TO US THIS IS THE VISUAL EFFECT OF TAKING IDEAS FROM THE CONCEPT AND INTO REALITY. THIS IS PART OF A BROAD STRATEGY THAT WE’VE SET OUT ON A FEW YEARS AGO. WHICH WAS REALLY TO EXPAND OUR OFFERINGS. WITH THAT IN A CRITICAL PIECE ON THESE AIRPORTS. AND THERE ARE MANY THINGS THAT WE WILL CONTINUE TO DO TO EXPAND THE OFFERINGS THAT WE ARE BRINGING INTO THE MARKET. AGAIN WITH AN IDEA TOWARD FRICTIONLESS SERVICE CONNECTING PEOPLE TO VARIOUS MODES OF TRANSPORTATION THAT THEY WANT TO BE ON. WITH AN EYE TOWARD MOVING THE BALL FORWARD THIS IS REALLY A PARTNERSHIP BETWEEN SIGNATURE AND NOT JUST UBER BUT MANY OF YOU IN THIS ROOM AS WELL. AND I THINK IT IS ONE OF THE KEY BRILLIANT PIECES OF THE WAY THAT WE HAVE APPROACHED THIS. WHICH IS TO REALLY CREATE A SHARED VISION AND RELY ON THE VARIOUS DIFFERENT PARTNERS TO BRING THEIR OWN BIT OF EXPERTISE TO MOVE FASTER THAN WE OTHERWISE WOULD. SO AGAIN WITH AN EYE TOWARD CONTINUING THAT VELOCITY MOMENTUM, I WOULD LIKE TO INVITE ANYONE HERE WHO IT IS AT ALL INVOLVED IN THINKING ABOUT DESIGN AND SKYPE OR DESIGN OR ANY OF THE OTHER LOCATIONS AND ISSUES THAT WE NEED TO RESOLVE TO CONNECT WITH US SOONER RATHER THAN LATER. WE ARE FERVENT SUPPORTERS OF THIS IDEA AND THE COLLECTIVE EXPERIENCE THAT WE WILL BE ABLE TO MOVE MUCH FASTER TO BRING THIS TO A REALITY. IN CONCLUSION, I WANT TO SAY THANK YOU AND WE ARE PROUD TO PARTNER WITH HUBER. AS A MENTOR WITH ALL OF YOU WE ARE EXCITED ABOUT BRINGING THIS TO REALITY. >>PLEASE WELCOME SELENA NICHOL WYOTECH DIRECTOR OF ENGINEERING OF ENERGY STORAGE SYSTEMS HUBER ELEVATE. >>HELLO LADIES AND GENTLEMEN. I LEAD THE UPPER BATTERY TEAM HERE. A NUMBER OF TEAM PEOPLE HAVE MENTIONED ELECTRIC VACATION IS STRONGLY IN HUBER’S FUTURE. IT PROBABLY BEGINS WITH THESE. THESE ARE THE BATTERY PACKS THE RITUAL SHARED FOR THE NEW JUMP BIKE. THAT IS A MAJOR STEP FORWARD. YOU COULD SAY THERE’S A BIG DIFFERENCE HERE FOR A LITTLE BETTER HERE TO ONE RUN AIRCRAFT. IT IS A BIG DIFFERENCE AND WE HAVE A LOT OF WORK TO GO. BUT I ALWAYS REMEMBER THAT THE WRIGHT BROTHERS STARTED MAKING BICYCLES BEFORE THE MAIN AIRPLANES. THAT’S VERY ENCOURAGING. SO WE KNOW THAT WE HAD TO BE ALL ELECTRIC TO BE SUCCESSFUL. AND THAT’S A BIG JOB TO DO. SO HOW DO WE GET TO THAT FUTURE? WHETHER WE ARE BUILDING A BICYCLE BATTERY OR AN AIRCRAFT BATTERY WE REALLY START IN THE SAME PLACE. THE FIRST QUESTION THAT WE ASK, IS HOW IS THE BATTERY PACK GOING TO BE USED IN THE FIELD? WE ARE RIDESHARE COMPANY. OUR BATTERIES HAVE TO BE DESIGNED FOR RIDESHARE. THEY ALSO HAD TO BE MANAGED FOR RIDESHARE BECAUSE THEY’RE GOING TO BE USED FOR THAT. THAT PUTS SPECIFIC REQUIREMENTS ON THEM THAT ARE VERY DIFFERENT THE THINGS THAT ARE DESIGNED FOR PERSONAL OWNERSHIP. AND THAT’S TRUE WHETHER TO JUMP BATTERY OR SOMETHING FOR ELEVATE. WE ALSO WANT TO THINK BEGIN WITH, THERE ARE GOING TO BE RIDESHARE SO WHAT IS THE ACTUAL DRIVE OR FLIGHT PROFILE GOING TO BE? WHAT KIND OF SAFETY METRICS ARE GOOD TO BE IMPORTANT TO PROVIDE A SAFE EXPERIENCE FOR EVERYONE? BEYOND THAT WE ALSO THINK ABOUT DESIGN IN THE OPERATIONS AND THE MANAGEMENT OF THE BATTERY PACKS IN THE FIELD. THAT IS FOR THE FUTURE. TODAY WE ARE GOING TO TALK PRIMARILY ABOUT THE DRIVER FLIGHT PROFILES IN THE SAFETY MATRIX. SO LET’S START BY TALKING ABOUT THE DRAFT PROFILES. IN SOME OF OUR PREVIOUS PRESENTATIONS, FOR EXAMPLE ERIC’S PRESENTATION YESTERDAY MORNING WE TALKED A LOT ABOUT HOW HUBER IS A DATA COMPANY. AND HOW MUCH DATA WE LOOK AT AND HOW MUCH ANALYSIS THAT WE DO OF WHAT OUR RIDERS WANT. WHAT TRIPS DO THEY WANT TO TAKE AND WHAT MAKES SENSE FOR THEM. WE HAVE A LOT OF MODELING ON THIS. AND WE SPENT A LOT OF TIME DOING THIS ON. ONE OF THE THINGS THAT THIS MODEL CAN OUTPUT FOR US IS A SET OF TRIP PROFILES. WHAT IS A SHORT TRIP AND A MEDIUM LENGTH TRIPS THAT THESE AIRCRAFT CAN TAKE. WHAT WOULD MAKE SENSE? THAT TELLS US FIRST OF ALL HOW FAR WE’VE PLANNED TO FLY. THE NEXT QUESTION, WHAT ARE WE FLYING? WELL WE’VE BEEN TALKING A LOT ABOUT THIS. IT IS AN AIRCRAFT FROM A BATTLE HE BATTERY PERSPECTIVE WITH MANY REQUIREMENTS. THIS AIRCRAFT IS VERY POWER- HUNGRY AND ON TAKEOFF AND LANDING A PARTICULAR. THAT IS A KEY CHARACTERISTIC OF ANY BATTERY IS GOING TO FLOOD THIS AIRCRAFT. IT HAS TO BE ABLE TO DELIVER POWER. IT IS GOING HAVE RANGE. AND ENERGY AND THAT GIVES YOU YOUR MISSION LINKS. BUT THAT POWER IS SUPER IMPORTANT. ON TOP OF THAT TO MAKE THIS AN ECONOMICALLY ENVIRONMENTAL PULL SERVICE THAT WE HAVE TO BE ABLE TO RECHARGE OUR BATTERY PACKS QUICKLY SEE NEED A FAST CHARGE REQUIREMENT. DENSITY IS AN INTERESTING CHARACTERISTIC OF A BATTERY PACK. FAST CHARGE IS ONE OF THOSE THINGS THAT IT CAN DEGRADE A BATTERY PACK IF YOU DON’T DO IT PROPERLY. SO HOW ARE WE GOING TO OPERATE THIS THING? WELL, WE SPENT A LOT OF TIME THINKING ABOUT THIS. THING ABOUT POSSIBLE AIRCRAFT AND MAKING DESIGN ASSUMPTIONS ABOUT THOSE AIRCRAFT’S. HELPING US THEN TO DEVELOP REASONABLE CYCLING ALGORITHMS THAT WE CAN USE TO THINK ABOUT THE BATTERY PACKS. AND HERE WE DEPICT TO CYCLING PROFILES THAT CAN BE USED. THE FIRST IS A FAIRLY SIMPLE ONE. FOR EVERY TRIP, YOU CHARGE AS MUCH AS ANY FOR THAT TRIP AND THE NEW CHARGE AGAIN FOR THE NEXT TRIP. YOU COULD BE MORE COMPLEX THAN THAT, THE ONE ON THE BOTTOM IS A CHARGE COMPLETING ALGORITHM WHERE YOU SAWTOOTH YOUR WAY DOWN THE CAPACITY OF THE BATTERY PACK TO BE ABLE TO SERVE A RUSH TIME WHEN YOU DON’T HAVE TIME TO CHARGE COMPLETELY BETWEEN EACH TRIP AND THEY MAYBE HAD TO DO SOME CHARGE SUSTAINING AND THEN ONCE YOU GET A SLOW PERIOD TO TRY TO CHARGE IT BACK UP TO FULL CAPACITY. ONE OF THE KEY THINGS TO LOOK AT IN ALL OF THESE CASES IS THAT WE HAVE A STATE OF CHARGE HERE WITH A LOW STATE AND HIGH STATE. WE ARE NOT NECESSARILY WANTING TO CHARGE THE BATTERY PACKS UP TO THE TOP OF THE POSSIBLE CHARGE 200%. AND WE DON’T WANT TO TAKE THEM DOWN TO 0% EITHER. AND I’LL EXPLAIN WHY. EVERY BATTERY, EVERY CELL IN EVERY CHEMISTRIES CAN HAVE A SWEET SPOT OF OPERATION. WHERE YOU CAN REALLY WORK THE BATTERY WITHOUT DEGRADING IT AND YOU CAN FAST CHARGE IT EFFICIENTLY. THAT IS GOING TO BE DIFFERENT FOR EVERY DIFFERENT SELLING CHEMISTRY. BUT IT’S IMPORTANT TO KEEP IN MIND. LET’S ASSUME THAT WE HAVE THIS ALGORITHM AND WE HAVE AN SOC WANTED TO SEE WHERE THIS BATTERY REALLY HAS TO BE? SO YOU CAN START ADDING UP CAPACITY FOR VARIOUS THINGS. SOMETHING TO REMEMBER, IS THAT THERE IS GOING TO BE A STATE OF CHARGE BELOW WHICH THE BATTERY PACK WILL NOT BE ABLE TO DELIVER THE POWER. WE NEED TO SAFELY BE ON THE AIRCRAFT SO YOU WILL NEVER BE ABLE TO GO HELLO THAT MINIMUM. ABOVE THAT YOU SEE NEED A CHUNK OF CAPACITY FOR THE RESERVE. I’M NOT GOING TO USE A VERY OFTEN BUT IT HAS TO BE IN THE BATTERY PACK. SO I HAVE TO PUT THAT KEY PIECE OF CAPACITY AND IT AND HOW BIG IT WILL BE WILL BE DEPENDENT ON MY AIRCRAFT. WE ALREADY TALKED ABOUT THAT SWEET SPOT THAT IS THE BLUE BAR HERE. THAT IS WHERE WE WANT TO OPERATE MOST THE TIME. AND THEN WE HAVE THE PEACE OF EXTRA CAPACITY AT THE TOP. THE ORANGE BAR. THAT IS THE CAPACITY THAT IS GOING TO GO AWAY AS THE BATTERY AGES. BECAUSE YOU HAVE TO REMEMBER THAT WE DON’T JUST HAVE TO RUN THIS BATTERY ON DAY ONE. IT HAS TO HAVE A REASONABLY ECONOMIC LIFETIME. SEE NEED TO BE ABLE TO RUN IT AT ITS END OF LIFE COST- EFFECTIVELY. SO YOU HAVE TO THINK ABOUT WHERE YOUR BATTERY IS GOING TO HAVE THIS LIFE. AND THEN YOU HAVE TO SIZE THE BATTERY APPEAR FOR ITS END OF LIFE.’S YOU HAVE AN OPERATIONAL WINDOW OR RESERVE MISSION AND THEN HAVE A PIECE OF THE BOTTOM THE CAN’T GET TO. SO WE TALKED ABOUT A BUNCH ABOUT THE DIFFERENT TYPES OF WAYS THAT WE CAN LOOK AT THE BATTERY KNOW IT TO GET TO THE CELL LEVEL BECAUSE YOU SELECT CELLS FOR THIS THING. NOW IF YOU’RE GOING TO SELECT THE CELL YOU HAVE TO KNOW WHAT LOADS YOU’RE GOING TO APPLY TO THAT CELL. SO YOU HAVE TO DEVELOP AN IDEA OF WHAT YOUR BATTERY ARCHITECTURE IS GOING TO LOOK LIKE. HOW THE CELLS ARE YOU GOING TO PUT IN PARALLEL? WE’VE CREATED A NOTIONAL ARCHITECTURE THAT WE THINK CAN FLY A PARTNER AIRCRAFT HERE. WE’VE BEEN WORKING WITH THEM AND THE VEHICLE SEEM TO DO THAT. THIS IS A CHALLENGE IMPACT DESIGN. IN SOME WAYS IS NOT FULLY FLESHED OUT. BUT YOU WILL NOTICE THAT WE HAVE SOMETHING LIKE A 20% MOUSE FRACTION WHERE 80% OF THE PACK CELLS IN WHAT IS THAT OVERHEAD? WHAT YOU NEED SOMETHING TO HOLD THE CELLS IN PLACE. AND THE NEED SOMETHING TO CONNECT THOSE SAME CELLS ELECTRICALLY. AND THEN YOU NEED TO THERMALLY MANAGE THE CELLS IN SOME WAY. AND THE NEED BE ABLE TO POST THE SOMEHOW IN A CASE. SO YOU COULD START WITH ESL BUT THEN YOU SAY I HAVE DIED EXTRA MASS AND CARRY IT BECAUSE YOU DO PACK IT THROUGH. THIS IS A CHALLENGING PACK BY ANYONE’S METRIC. WE THINK IT’S ACHIEVABLE WAS VERY CAREFUL DESIGN. WE’VE TALKED ABOUT WHAT WE HAVE AS PACK ARCHITECTURE AND NOW HE HAD TO GO PICK ESL. THESE VEHICLES ARE VERY POWER- HUNGRY. IT MAKES SENSE TO TAKE A LOOK AT THE CELLS IN TERMS OF THE CLASSIC PLOT THAT PEOPLE USE FOR TAKING A LOOK AT BATTERIES. WHAT IT IS, IT IS A PLOT OF SPECIFIC ENERGY VERSUS POWER. THE WAY YOU CREATE THIS PLOT IS TO TAKE A CELL AND YOU CHARGE IT UP. THE NEW DISCHARGE AT A CONSTANT RATE AND FIND OUT HOW MUCH ENERGY YOU GET OUT. IF YOU DISCHARGE A CELL VERY SLOWLY YOU GET A LOT OF CAPACITY. THE MAXIMUM ACTUALLY. IF YOU DISCARD IT VERY THIS DISCHARGE VERY FAST YOU DON’T GET AS MUCH CAPACITY OUT. EVERY SO WILL HAVE TO COOL OFF. SO THIS IS WHERE YOU START LOOKING AT THE POWER TO ENERGY RATIO. BUT YOU HAVE TO REMEMBER THAT WERE NOT JUST DOING THE CELLS WE ARE DEALING WITH PACKS AS WELL. IF I TAKE A PASS A PACK MASS FRACTION I HAVE TO KNOCK DOWN ALL OF THESE PLOTS AND START SAYING OKAY. THAT WAS LOWER. AND THEN I ALSO TO REMEMBER THAT THE CELLS ARE GOING TO AGE. AND I’VE PICKED SOME END-OF- LIFE CONDITION I WANT TO OPERATE MY VEHICLE. SO NOW I HAVE TO TAKE THE PLOTS AND KNOCK HIM DOWN AGAIN FOR AGING. THIS IS AN ESTIMATE. YOU REALLY CAN’T TELL HOW ESL IS GOING TO AGE AND WHAT THIS PLOT IS GOING TO LOOK AT UNTIL YOU CYCLED THE CELL DURING YOUR FLIGHT CONDITIONS. THEN YOU WILL KNOW. THIS IS AN ESTIMATE BUT A GOOD WAY TO START LOOKING AT THE CELLS. WHERE DOES THAT LEAVE US WITH REGARD TO POSSIBLE AIRCRAFT? THE VEHICLE SEEM HAS BEEN MODELING VARIOUS VEHICLE DEMANDS AND HAVE ESTIMATED DEMANDS ON THE PLOT THEY’VE MADE US AN OFFER HERE. AND THESE ENVELOPES ARE BASED ON CERTAIN VEHICLE SIZES. AND CERTAIN PACK SIZES. THE ENERGY PORTION OF THIS ENVELOPE IS A DIFFERENT LINK IN THE POWER PORTION IS DEFINED BY HOW MUCH IT TAKES TO LIFT THE AIRCRAFT OFF THE GROUND. WHEN YOU LOOK AT THIS YOU CAN REALIZE THAT THERE ARE SOME CELLS THAT LOOK LIKE THEY FIT INTO THE ENVELOPE. THAT THEY’RE GOING TO WORK. THEY LOOK PROMISING. AND THEIR GOOD CANDIDATES THAN THAT YOU WANT TO CYCLE AND SEE YOUR ESTIMATES ABOUT CELL AGING ARE ACCURATE. CAN YOU REALLY GET A LIFETIME AND PERFORMANCE THAT YOU THINK YOU CAN? AND WE HAVE DONE THAT. WE STARTED A CYCLE TESTING WITH A SIMPLE CYCLE HERE. IT IS A CHARGE SUSTAINING CYCLE. IS A 25 MILE-PER-HOUR CREWS WITH THE PEAK CURRENT TAKING OFF TO LAND HERE. AND AN AGGRESSIVE FAST CHARGE. THAT IS MORE THE MOST CELLS WILL BE IT’S A COOL NEUTRAL SYSTEM AND THEN AFTER EVERY 400 SIMULATED FLIGHTS WE CHECKED THE BATTERY AND THE CELL CAPACITY. WE TAKE A LOOK AT WHAT THEY DO HERE. SO, HERE IS THE CYCLE LIFE TEST DATA. THIS IS THE ONE MOLLY AND THE 42 A CELL. THERE’S A 2170 CYLINDRICAL CELL ENTERING MASS PRODUCTION. NOW, IF YOU LOOK AT THE CELL AND THE SPREADSHEET YOU WOULD GET FOR ESL LIKE THIS IT WOULD NORMALLY TELL YOU THAT CYCLING THE CELL THROUGH 100% DEPTH OF DISCHARGE GOING FROM 0 TO 100% AND IT TELLS YOU THAT IF YOU FAST CHARGE IT, FEST YOU CHARGE IT THE FASTER IT DEGRADES. YOU GO FROM THE BLACK LINES ONTO THE GRAY LINES. MEMBER I SAID WE WERE DOING IT TO CEDE CHARGE RATE. THAT BECAUSE WE ARE LIMITING OUR STATE OF CHARGE WITHIN THAT SWEET SPOT THAT I SAID YOU CAN SEE UNDER THE ELEVATED FLIGHT CYCLE YOU GET SUBSTANTIALLY BETTER PERFORMANCE. KNOW IF YOU ASSUME THAT THE END- OF-LIFE WAS SOMETHING ABOUT 85% OF INITIAL CAPACITY? THAT’S AROUND NUMBER THAT A LOT OF PEOPLE USE. IF YOU LOOK AT THE FULL DEPTH OF DISCHARGE CYCLING YOU WILL SAY THAT THAT CROSSES THAT LINE SOMEWHERE AT ABOUT 1000 FLIGHTS. AND THAT SAYS IF YOU’RE GOING TO 10 FLIGHTS PER DAY THEN YOU ARE GOING TO BE CHANGING IT AFTER THREE MONTHS. THAT IS EXPENSIVE. BUT IF YOU APPLY THE ACTUAL FLIGHT CYCLE YOU SAY, I HAD THAT SAME MARKET SOMEWHERE AROUND 4500, THAT’S 12 FLIGHTS PER DAY PER YEAR. THAT LOOKS A LOT BETTER. THIS IS A STARTING POINT. YOU WILL NOTICE THAT THIS IS ONE CONDITION THAT WE HAVE IS A FAIRLY SIMPLE CYCLE LIFE. WE ARE GOING TO DO SOME MORE. DIFFERENT TEMPERATURES AND MORE COMPLEX CYCLES. BUT THIS IS THE BEGINNING THAT SAYS THIS WORKS. AND IT IS ECONOMICALLY VIABLE. I PROMISE YOU THAT WE WOULD JUST TAKE AWAY CYCLING BUT ALSO ABOUT SAFETY. ONE OF THE KEY QUESTIONS IS WHETHER THE ARCHITECTURE IS ACTUALLY GOING TO MEET THE SAFETY REQUIREMENTS SPECIFICALLY FROM PROPAGATION. THERE ARE A LOT OF QUESTIONS INVOLVED WITH THAT. HOW TO ANALYZE THOSE TESTING RESULTS? THAT IS A VERY LONG TOPIC OF DISCUSSION. IT IS COMPLEX AND SUBTLE. WE ARE GOING TO DO A BATTERY WORKSHOP TRACK THIS AFTERNOON THAT GOES INTO THE DETAILS OF DOING THAT. SO IF YOU’RE INTERESTED IN THAT TOPIC COME AND JOIN US. FINALLY, LAST YEAR WHEN I WAS HERE THERE WERE THREE OF US ON THE BATTERY TEAM. THERE’S A LOT OF WORK GOING ON HERE. WE HAVE GROWN. WE STILL HAVE A LOT OF WORK TO GO AND THIS IS NOT AN EASY PROBLEM. IT WILL TAKE TIME AND EFFORT AND ENGINEERING WORK. BUT IN THE SPIRIT OF LAST YEAR’S CHALLENGE I WILL GIVE YOU ANOTHER CHALLENGE. IF YOU COULD TELL ME WHICH THREE OF US WERE HERE LAST YEAR I WILL BUY YOU A DRINK. AND FINALLY, THE NEXT SPEECH OR SPEAKERS ARE ERIC HOSMER — MAY HOVER. >>IT IS OUT OF CHARACTER FOR ME TO WALK SO SLOWLY. I ALMOST RAN ONTO THE STAGE AND JUMPED RIGHT INTO IT. SO I’VE HAD THE OPPORTUNITY TO WATCH THE SUMMIT FOR THE PAST FEW YEARS FROM AFAR. AND TODAY IS MY FIRST OPPORTUNITY TO ACTUALLY BE HERE AND SEE ALL THE GREAT WORK GOING ON. THIS IS FANTASTIC AND I’M THRILLED. WANT TO TELL YOU A LITTLE BIT ABOUT ATG WHERE WE WERE BILLED TO SELF DRIVING VEHICLES. WE HAVE THIS VISION OF HOW WE CONNECT PEOPLE LIKE YOURSELVES. WITH THE SAFEST MOST RELIABLE AND EFFICIENT TRANSPORTATION OPTIONS AVAILABLE TO YOU. SELF DRIVING TECHNOLOGY IS AN IMPORTANT PART OF THAT MISSION. WE ARE BUILDING A BETTER, SAFER AND CHEAPER WAY FOR YOU TO GO FROM A TO B WITHIN THE UBER ECOSYSTEM. BETTER SAFER AND CHEAPER. OUR JOURNEY BEGAN FOUR YEARS AGO. IT STILL FEELS LIKE YESTERDAY. BUILDING THIS TECHNOLOGY IS VERY WIDE SPAN OF THE DOMAINS. IT IS NOT JUST UPPER ENGINEERING IS ALL OF THESE THINGS. IT IS QUALITY CONTROL IT’S RAPID PROTOTYPING. IT’S BUILDING PARTNERSHIPS WITH OEMS INTO YOUR ONCE TO MAKE THIS HAPPEN AT SCALE. SOMEONE TO TALK A BIT ABOUT THAT. HOW WE DO THIS SO THAT WE CAN BUILD IT AT SCALE IS EVERYTHING AT HUBER IS ON A SCALE. SO, FIRST, FOUR YEARS AGO WE HAD OUR VERY BEGINNING VEHICLE. THAT A LOT OF ROOM AND A LOT OF POWER AVAILABLE SO WE WERE ABLE TO DO THINGS LIKE SENSORS THAT WE WANTED OUT HERE. AND A BIG RACK ON THE ROOF SO WE CAN MOVE THINGS AROUND. BUT THE ENTIRE TIME, IT WAS WITH AN EYE ON GETTING FURTHER TO THE RIGHT USE PHOTO WE COULD SEE EACH VERSION GETTING BETTER AND MORE MANUFACTURABLE. GETTING MORE RELIABLE ALL THE WAY OVER TO WHERE WE ARE TODAY WITH THE XC 90s THAT WE HAVE SEEN IN THE PAST. IT HAS TO BE A BETTER, SAFER AND CHEAPER AND HOW DO WE DO THAT? IT TAKES THREE MAIN THINGS HERE. WE ALL TALKED ABOUT THE TECH. AND EVERYONE IS HEARING ABOUT THE AUTONOMY HERE AND THIS IS AN ABSOLUTE AND CRITICAL AGREEMENT. IF ALL YOU HAVE IS THE TECH THEN YOU HAVE A DEMO. UBER IS WHAT LET YOU TO COMMERCIALIZE THIS TECHNOLOGY. THAT’S WHAT WE HAVE AS BEST-OF- BREED HERE. IS THE HEART OF WHAT WE DO. IF YOU COMBINE THAT WITH THE TECH AND THEN OF COURSE YOU HAVE TO HAVE A PATH TO SCALE. THIS IS OUTSIDE THE MAIN HALL TODAY WITH THE LATEST GENERATION IN THE MOBILE PLATFORM. WE CALL IT THE BODY, THE BRAIN AND THE BODY AND THAT IS WHAT WE REFER TO HIS BODY OUTSIDE. IN THE BEGINNING, IN THE EARLY ON WHAT IT MEANT WAS OUR VEHICLES WENT FROM SWEDEN WILL REPURCHASE THEM AS YOU WOULD BUY ALL OF THEM, AS A NORMAL VEHICLE AND THEN THEY WERE SENT OVER TO ONE OF OUR PARTNERS IN MICHIGAN WHERE THEY WERE DISASSEMBLED. AND I MEAN INVADED. THE INTERIORS WERE REMOVED AND FOUND TO THE METAL BECAUSE THE FIRST THING WE ADDED WAS THE WIRING HARNESS. AND WHEN YOU DO THIS A FEW THINGS HAPPEN. THERE’S A LENGTHY PROCESS WE INTRODUCE OPPORTUNITIES FOR ERRORS. WAY THAT LOOKS, IS THE 519 G IS WHAT WE CALL IT WHICH IS THE BODY THAT HAS THESE THINGS BUILT INTO IT FROM THE FACTORY WITH THE LATEST GENERATION OF INFRASTRUCTURE SO THAT WE CAN ACTUALLY CONTROL THE VEHICLE WITH THE COMPUTERS FROM REDUNDANT BREAKING TO POWER AND STEERING AND EVERYTHING IS READY TO RECEIVE THE FULL AUTONOMY KIT SO WHAT IT LOOKS LIKE FROM THE OUTSIDE IS NOT MUCH DIFFERENT WHAT IS GOING ON INSIDE IS WHAT ENABLES US TO RUN THE FULL AUTONOMY SYSTEM LIKE 360 DEGREES OF CAMERA COVERAGE. 360 DEGREES OF RADAR. AND ULTRASONICS. ALL OF THESE ARE VERY COMPLEMENTARY AND GIVE THIS VEHICLE THE ABILITY TO SEE WHAT IT NEEDS TO SEE TO OPERATE AUTONOMOUSLY. IT HAS REDUNDANT STEERING BECAUSE IT WON’T BE BEHIND THE STEERING WHEEL SO WOULD HAVE A SECOND SYSTEM WITH REDUNDANT POWER AS YOU SEE HERE AND THAT IT ALSO HAS A REDUNDANT BREAKING SYSTEM BECAUSE THESE ARE ALL ELECTRONICALLY CONTROLLED AND THERE WILL BE A PERSON’S FOOT PRESSURE TO ACTUALLY SHOW ONE OF THE SYSTEMS COMING DOWN. WE ALSO CONSIDERED HOW THE USER EXPERIENCE WOULD WORK SO WE WILL KEEP THAT AMAZING EXPERIENCE AS PART OF THE BETTER END OF THIS VEHICLE. FROM THE VERY BEGINNING HERE. ALL OF THIS ALLOWS US TO HAVE THE BODY THAT ALLOWS US TO PUT THIS IN THE UBER NETWORK AT SCALE. ONE THING THAT IS VERY IMPORTANT IS THE VALUE OF OUR PARTNERSHIPS. IT IS IMPOSSIBLE TO DO THIS WITHOUT A FANTASTIC PARTNERSHIP LIKE VOLVO THAT BRINGS OVER HUNDRED YEARS OF EXPERTISE AND WITHOUT THAT EXPERTISE SOMETHING LIKE THIS WOULD BE NEARLY IMPOSSIBLE TO DO. WE’VE BEEN WORKING WITH THEM FOR OVER FOUR YEARS TO GET TO THIS POINT. THIS VEHICLE OUTSIDE FOR YEARS IS ACTUALLY REALLY QUICK TIMELINE AND WE ARE VERY PROUD OF HOW QUICKLY WORK TOGETHER AS PARTNERS ON THIS. THIS IS THE CRITICAL INGREDIENT TO OUR PRODUCT. AND IT IS ALSO JUST AN INGREDIENT. ANOTHER THING THAT WE SHOULD HEAR ABOUT WHICH WILL HEAR FROM RACQUEL OUR CHIEF SCIENTIST ARE SOME THE THINGS THAT SHE AND HER TEAM ARE WORKING ON IN THE BRAIN OF THE VEHICLE. THANK YOU. >>I AM SUPER EXCITED STATE TO BE SHOWING FOR THE FIRST TIME SOME OF THE INDUSTRY-LEADING TECHNOLOGIES THAT WE’VE BEEN BUILDING IN THE FIELD OF AI. ONE OF THE MORE IMPORTANT TECHNOLOGIES THAT NEEDS TO BE DEVELOPED FOR VEHICLES IS THE MAPS THAT ALLOWED THEM TO GO FROM POINT A TO POINT B. THE SIMPLEST EXAMPLE OF MOBS IS BASICALLY A MAP THAT CONTAINS THE ROAD ON THE INTERSECTIONS. THIS IS THE TYPE THAT EVERYONE WOULD SEE EVERYDAY IN ORDER TO GO TO THE YOUR DESTINATION. THE IS THIS A VERY SIMILAR WAY IN ORDER TO PLAN A ROUTE. IN ORDER TO GO FROM A HIGH LEVEL ROUTE TO THIS ENVIRONMENT IS A LONG WAY TO GO. IN ADDITION THE VEHICLES UTILIZE MORE SOPHISTICATED MAPS. THESE BASICALLY CONTAIN VERY PRECISE INFORMATION OF THE WORLD AROUND US WITH PHYSICIAN A FEW CENTIMETERS. HERE YOU CAN SEE FOR THE FIRST TIME SOME OF THE’S TECHNOLOGY THAT THEY HAVE DEVELOPED IN ORDER TO REVEAL THE MAPS THAT ON SCALE. THERE MORE SOPHISTICATED THAN JUST GEOMETRY. ABOUT THE SEMANTICS OF THE SCENE. THESE ARE THINGS SUCH AS THE LANES AND INTERSECTIONS AND ETC. TO BE ABLE TO SEE THE DISTANCE THAT YOU ARE ABLE TO DO. THIS IS IMPORTANT TO PLAN A SAFE MANEUVER. THIS IS MAPS AT THE SCALE IS A PROBLEM. IN PARTICULAR WITH A FLEET OF SURVIVING VEHICLES AROUND THE WORLD TO BASICALLY CAPTURE MULTIPLE TIMES THE SAME ENVIRONMENT. AND THEN HE HAVE HUNDREDS OF FAMILIES THAT HAVE TO DO THIS BY HAND. AS YOU CAN IMAGINE THIS IS ACTUALLY A VERY RIGOROUS PROCESS. IN ORDER TO BRING A MAP OF THE U.S. IT WOULD TAKE $1 BILLION. IF YOU WANT TO OPERATE ALL OF THE WORLD IT WILL COST AT A DIFFERENT LEVEL. FURTHERMORE IT IS NOT SUFFICIENT BECAUSE IT IS CHANGING ALL THE TIME. TO MITIGATE THIS PROGRAM, THIS TO MITIGATE THIS PROBLEM THEY HAVE THE IDEOLOGY ALLOWS US TO BUILD THIS MUCH CHEAPER. IN PARTICULAR THEY ALLOW MACHINES TO COLLABORATE WITH HUMANS TO MINIMIZE THE CLIPS NECESSARY HERE. IS I’M SHOWING EXAMPLES FROM CROSSWALKS AND ROAD BOUNDARIES AS WELL AS COMPLEX LIENS AS AN HIGHWAY CC OVER HERE. WITH THIS TECHNOLOGY WE ARE ABLE TO BASICALLY REQUIRE LESS THAN 2% THAT WOULD OTHERWISE BE REQUIRED SAVING MILLIONS OF DOLLARS ON BUILDING THE SCALE. WHAT IS IMPORTANT IS NOT JUST ABOUT SENDING IT AROUND TO CAPTURE THE ENVIRONMENT. THEY CAN ACTUALLY WORK WITH OTHER MODES OF TRANSPORTATION WITH SOME OTHER VEHICLES HERE WITH DRONES AS WELL AS FLYING VEHICLES THESE VEHICLES WILL BE POPULATING OUR SKIES. SO WHAT IF OUR MAP IS NOT UP TO DATE? WHAT CAN WE DO? IT IS IMPORTANT THAT WE ARE INVESTIGATING THE MAP AS WE GO THROUGH THE ENVIRONMENT. WHAT I’M SEEING HERE FOR THE FIRST TIME IS THE TECHNOLOGY THAT WE HAVE DEVELOPED IN ORDER TO BE ABLE TO DRIVE AUTONOMOUSLY SAFELY THROUGH THE HIGHWAYS OF THE MAP OF OUR PRIORITIES. IN ORDER TO DO THIS ON THE FLY. >>THE WALL IS EVEN MORE COMPLICATED THAN THAT. IN PLACES LIKE TORONTO WHERE I LIVE OR PITTSBURGH WHERE WE OPERATE, IT IS SAID THAT THERE ARE TWO DIFFERENT SYSTEMS HERE. THEY HAVE THE CONSTRUCT AND SYSTEMS HERE. THESE ARE EXAMPLES OF THE DAILY COMMUTE HERE. I WALK 20 MINUTES TO WORK. AND EVERY SINGLE DAY I CAN SEE A LIST OF NEW CONSTRUCTION SITES. THIS IS HAPPENING ALL THE TIME. CONSTRUCTION ELEMENTS ARE VERY COMPLICATED WITH THE SEMANTICS. THE ELEMENT IN THE TOP RIGHT THAT I’M SHOWING ON THE SCREEN IS IN ELEMENT IN TORONTO THE BASICALLY SAYS WHERE THERE IS A NEW TRAM STOP. THE RULES CHANGE AFTER THE INDICATED THERE IS A STOP HERE. SO NONE OF YOU ACTUALLY SOLID SIGNATURE. AND YOU REALIZE THAT ALLOWS YOU ME TO CHANGE THE WAY DRIVE IN THE AREA. HOWEVER THESE CARS ACTUALLY HAVE TO BE AWARE OF THIS AND RESPECT THE RULES OF TRAFFIC. SO IS REALLY DIFFICULT TO DO SO. SO FOR THE FIRST TIME HERE I’M ALSO SHOWING YOU THE EXAMPLES OF HOW THE NEW AI SYSTEM CAN ACTUALLY SIMULATE CONSTRUCTION AS IT DRIVES. THEIR VARIOUS SMALL CONCERT CAN BE DETECTIVE HUNDRED 50 METERS FROM THE VEHICLE WHICH ALLOWS US TO CHANGE LANES AND IS IN REACTION TO THE FACT THAT IT IS A CONSTRUCTION SITE. AND THEN ON THE RIGHT THEY HAVE THESE COLORS THAT SHOW DIFFERENT ELEMENTS AS WELL AS SIGNS. WHICH ARE ALSO NECESSARY AS THEY CHANGE OVER THE TIME. KNOW WHAT IS IMPORTANT RIGHT NOW THIS TECHNOLOGY IS IT IS NOT JUST ABOUT SEEING IN THIS PARTICULAR POINT IN TIME. HE HAD THE MEMORY AND WHAT YOU’VE SEEN FOR MANY METERS AGO. BECAUSE YOU’VE TO UNDERSTAND WHICH LANES ARE LOCKED IN WHICH ARE EFFECTIVELY ALLOWING IT IN THIS LANE YOU HAVE TO UNDERSTAND HOW YOU INTO THAT CONSTRUCTION SITE OR DIFFERENT SPACE. AND THAT MAY BE COMMONERS WAY FOR YOU ARE NOW. NO ONE OF THE GREAT BENEFITS OF HAVING THE AI IS THAT WE CAN ACCESS THE TECHNOLOGY THAT WE HAVE RIGHT NOW. FROM DAY ONE. WHAT IS IMPORTANT IS THAT THE WAY THAT WE PLAN TO OPERATE IS THROUGH MORE DIFFERENT AREAS. IT IS SAFE AND HE CONTINUES TO EXPAND IN THIS AREA TO POTENTIALLY COVER THE WHOLE WALL. TODAY I LOOK AT SOME OF THE CHALLENGES OF DEVELOPING THIS TECHNOLOGY AT SCALE. THE SUM OF THE INDUSTRY-LEADING AI TECHNOLOGY THAT THEY ARE IN ORDER TO USE TO TACKLE SOME THESE OTHER CHALLENGES. WHERE YOU HAVE EVER BEEN BEFORE HERE. PLEASE WELCOME BACK TO THE AGE MASTER CEREMONIES NIKHIL GOYA. WE ARE GOING TO BREAK FOR LUNCH UNTIL 1:30 PM. AND WE WILL START OUR TECHNICAL TRACKS. SO WE WILL HAVE THREE SIMULTANEOUS PROGRAMS, TRACK ON IS THE TALL AIRCRAFT HERE IN THE ATRIUM HALL, TRACK TO IS MOVING CITIES ACROSS THE MAIN ATRIUM AND IN THE ATRIUM BALLROOM. AND THEN TRACK THREE, IS THE ENERGY STORAGE IN THE AMPHITHEATER. YOU ARE FREE TO SWITCH BETWEEN THE TRACKS I WILL. WE WILL BE BACK HERE AT 4 PM TO CLOSE THE DAY. THANK YOU AND ENJOY LUNCH. >>>PLEASE WELCOME MARK MOORE, VEHICLE SYSTEMS, UBER ELEVATE. >>ALL RIGHT, I AM BACK. AS THRILLED AS I AM TO SEE YOU ALL HERE, THIS IS A COOL ROOM TO TALK ABOUT EVTOL. IF YOU ARE INTO AIRSPACE AND MOVING CITIES YOU HAVE GOT TO GET ACROSS THE HALL. THEY’RE GOING TO TALK ABOUT ELEVATE CLOUD SERVICES. THE DATA TEAM IS GOING TO TALK ABOUT THE FLUX NETWORK. SO IF YOU’RE INTERESTED IN THAT THAT IS RIGHT ACROSS THE HALL. IF YOU WANT TO CHANGE THE WORLD BY ESTABLISHING THE STANDARDS FOR THESE BATTERIES, THAT’S IN ANOTHER ROOM TOO. THAT’S DOWN THE HALL. SO A LOT OF REALLY GREAT THINGS ARE HAPPENING, BUT WHAT WE ARE GOING TO DO HERE IS PICK UP WHERE I LEFT OFF ON MY FIRST PRESENTATION YESTERDAY. AND DIES DEEP INTO EVTOL AIRCRAFT AND UNDERSTAND WHAT MAKES THEM WORK AND WHAT’S GOING TO MAKE THEM REAL. SO I’M GOING TO START AGAIN WHERE I LEFT OFF ON THE DESIGN PRINCIPLES AND I’M GOING TO FOCUS ON THE TECH READINESS WHICH MORE THAN ANYTHING IS ABOUT GETTING INTO THE BATTERIES AND UNDERSTANDING THEIR CHARACTERISTICS SO THE AIRCRAFT’S CAN BE DESIGNED WITH REAL NON-IMAGINARY BATTERIES. AND WE HAVE A PRESENTATION ON PART OF THE DAY. IT MEANS THE NETWORK. AND HOW WE HAVE TO OPERATE IN THE NETWORK TO ACHIEVE HIGH EFFICIENCIES, HIGH SPEEDS. GREAT REVENUE GENERATING MACHINES. THEN WE ARE GOING TO HAVE TWO PRESENTATIONS ON NOISE. ONE THAT ROB IS GOING TO GIVE, IT’S REALLY COOL PRESENTATION BECAUSE NOT ONLY DOES IT ESTABLISH WHY WE SET THE GOALS THAT WE HAVE FOR THE NOISE, BUT HOW DID THIS SIGN THE EMBRAERX ACHIEVE THOSE GOALS. THEN WE ARE GOING TO HAVE A SECOND PRESENTATION ON NOISE ONCE YOU HAVE A QUIET VEHICLE TO DESIGN HOW DO YOU OPERATE THAT IN THE NETWORK TO ACHIEVE THE LOWEST COMMUNITY NOISE AND EVEN MORE THAN THAT THE LOWEST ANNOYANCE. THEN WE’RE GOING TO CONTINUE, I AM GOING TO COME BACK UP AND DIVE DEEP INTO THE COST. AND WHAT ARE THE DRIVERS ON COST. I’M THRILLED TO BE DOING THIS BECAUSE I HAVE PERMISSION TO SHOW YOU A LOT OF REAL NUMBERS SO THAT YOU CAN HAVE, YOU CAN HAVE THE BASIS FOR BELIEVING WHAT WE ARE SAYING THAT THIS CAN BE A SCALED MARKET AND UNDERSTAND THE COST DIFFERENTIALS BETWEEN HELICOPTERS TODAY AND THESE EVTOL AIRCRAFT. THEN WE ARE GOING TO GET INTO SAFETY. IF YOU REMEMBER THE CRITICALITY. THEY’RE GOING TO COME UP HERE AND GIVE YOU A DEEP DIVE ON THAT. HOW WE ARE ESTABLISHING TARGETS LEVELS OF SAFETY AND ACTUAL LEVELS OF SAFETY THAT WE ARE PURSUING. LAST WE’RE GOING TO HAVE A CERTIFICATION PANEL THAT KATE IS GOING TO LEAD FOR US AS WELL AS SEVERAL OF OUR VEHICLE PARTNERS. AND OTHERS IN THE INDUSTRY WHO ARE WORKING AND DEVELOPING EVTOL PRODUCTS. THAT IS WHAT THE TRUCK IS HERE TODAY. LET’S JUMP IN. ALONG WITH THOSE DESIGN PRINCIPLES ESSENTIALLY TO KNOW HOW TO DESIGN THE VEHICLE WE NEED METRICS. RIGHT, WE NEED GOALS. WE NEED TO TRACK THOSE BECAUSE THOSE ARE THE INDICATORS OF THE GOODNESS OF THE VEHICLE. WHAT I’M GOING TO DO IS GO INTO EACH ONE OF THESE AREAS THAT CORRELATE TO PRESENTATIONS THAT ARE COMING UP AND JUST EXPLAIN THE GOAL THAT WE HAVE ESTABLISHED FOR GOODNESS ACROSS THE EVTOL CONCEPTS. BUT I WANT TO MAKE SURE ALL OF THIS IS TAKEN IN THE CONTEXT OF OUR UBERAIR MISSION. CERTAINLY THESE EVTOL AIRCRAFT’S CAN DO LOTS OF DIFFERENT MISSIONS. THERE’S AIR TOURISM. CARGO DELIVERY. THERE’S LOTS OF THINGS TO DO WITH THESE NEW AIRCRAFT. WE ARE FOCUSED ON WHAT WE THINK IS A BIG PART OF THE MARKET. AND THAT IS FOR TRIPS WITHIN METROPOLITAN AREAS THAT CAN MAXIMIZE THE PRODUCTIVITY OF THE CITIES AND PROVIDE REALLY FAST COMPETITIVE TRANSPORTATION TO WHAT’S ALREADY OUT THERE. WE’RE TALKING ABOUT VEHICLES THAT CAN ACHIEVE 150 MILES PER HOUR AT CRUISE SPEED. THEY HAVE A PILOT IN THE BEGINNING, IN 10 YEARS WE ARE GOING TO HAVE THE BASIS FOR PURSUING AUTONOMY. RIGHT NOW WE HAVE A PILOT IN AIRCRAFT WITH FOUR PASSENGERS. WHAT’S REALLY UNIQUE ABOUT THIS MISSION IS WHEN YOU TALK ABOUT RANGE IT’S NOT ABOUT THE MAXIMUM RANGE. RIGHT. USUALLY WHEN YOU DESIGN AN AIRCRAFT YOU SPECIFY WHAT’S THE RANGE IT NEEDS TO FLY. FOR US, IT’S MUCH MORE IMPORTANT TO TALK ABOUT THE AVERAGE STAGE LENGTH. BECAUSE THAT’S WHAT WE NEED TO DO OVER AND OVER AND OVER AGAIN. IN A REPEATABLE FASHIONED AND WITH THESE BATTERIES YOU GOT TO BE ABLE TO RECHARGE TO KEEP THESE VEHICLES PRODUCTIVE ON THE NETWORK. IT’S NOT ABOUT DOING A TRIP AND THEN HAVING TO RECHARGE FOR AN HOUR. IT’S ABOUT DOING LOTS OF 25 MILE TRIPS WITH ONLY A 5-7 MINUTE RECHARGE THEN YOU ARE READY TO DO THE NEXT TRIP SO YOU’RE NOT GOING INTO THAT REALLY DEEP DISCHARGE ON THE BATTERIES WHICH ARE REALLY HARD ON THEM. SO LET’S JUMP INTO ONE SAMPLE INTO EACH OF THESE DESIGN AREAS. AND TALK ABOUT IT. I AM GOING TO JUMP INTO WHAT SELENA WAS TALKING ABOUT. I’M GOING TO FOCUS ON THE BATTERIES. I’M GOING TO SHOW YOU A COUPLE DIFFERENT PLOTS THAT ALL RELATE TO BATTERIES. THERE ARE TWO KEY PARAMETERS THAT YOU REALLY WANT TO BE TRACKING AND THAT’S THE SPECIFIC POWER THAT THESE BATTERIES NEED TO BE ABLE TO PROVIDE AS WELL AS THE SPECIFIC ENERGY THAT THE CELLS, HOW MUCH ENERGY THEY HAVE IN THEM. THE POWERS RELATING TO HOW FAST YOU NEED TO BE ABLE TO PUSH THE ELECTRONS OUT AND HOW MUCH POWER THE VEHICLE IS REQUIRING. THE ENERGY IS HOW MUCH ENERGY YOU HAVE TO DO THAT MISSION. SO WHAT YOU ARE SEEING HERE IS ACTUAL TEST DATA FROM OUR BATTERY LAB. WHERE RECYCLED THROUGH LOTS OF BATTERIES. DIFFERENT CELLS. FOR OUR SPECIFIC MISSION. THE EVTOL MISSION, THE 25 MILE TRIP. QUICK RECHARGE. 25 MILE TRIP. QUICK RECHARGE. AND THE DISTRIBUTIONS THAT LENA SHARED WITH YOU PREVIOUSLY. YOU NOTICE SOMETHING RIGHT AWAY. THAT IS THAT IF YOU NEED HIGH SPECIFIC POWER. IF YOU HAVE A POWER-HUNGRY VEHICLE THERE IS A DROP OFF IN THE SPECIFIC ENERGY. SO THERE’S A TRADE WHERE IF YOU ARE GOING TO HAVE HIGH DISK CODING YOU ARE NOT GOING TO GET BATTERIES THAT CAN HAVE HIGH SPECIFIC ENERGY. SO YOU DON’T GET EVERYTHING FOR FREE. WHAT I AM GOING TO DO IS MARCH DOWN THE LINE OF WHAT YOU END UP WITH AS THE VEHICLE SIZING CRITERIA FROM THE BATTERY. SO RIGHT OFF THE BAT WE CAN SEE THAT CURRENT CELL TECHNOLOGY CAN ACHIEVE BETWEEN 200 AND 32 250 FOR THE DISCHARGE WE NEED FOR MOST OF THESE EVTOL AIRCRAFT. BUT YOU’VE GOT TO TAKE THE PACK OVERHEAD. YOU CAN’T JUST GET CELLS. YOU HAVE GOT TO PUT THEM INTO A BATTERY WITH A EMS SYSTEM. YOU’VE GOT TO HAVE THE PROPAGATION. OUR BATTERY TEAM HAS DONE SEVERAL DIFFERENT DESIGNS AND THEY ARE CONFIDENT THAT THEY CAN ACHIEVE A 25% OVERHEAD ON TOP OF THE CELL WEIGHT TO GET TO THE TOTAL PACK WEIGHT. SO YOU CAN SEE ALL OF OUR CURVES HAVE DROP-DOWN TO INCLUDE THAT 25% PACK OVERHEAD FOR WHAT NEEDS TO GO WITH THOSE CELLS TO BECOME A PRODUCTIVE BATTERY PACK THAT CAN BE CERTIFIED. SO WE’RE TALKING ABOUT PACKS THAT COULD ACHIEVE THE PROPAGATION RESISTANCE IN THE CERTIFICATION CRITERIA THAT ARE BEING DEVELOPED RIGHT NOW IN THE OTHER ROOM. THE OTHER IMPORTANT THING IS YOU DON’T GET TO DESIGN FOR A BRAND-NEW BATTERY. YOU HAVE TO DESIGN THE AIRCRAFT FOR THE END OF LIFE OF THE BATTERY, RIGHT? AFTER YOU DO SIX MONTHS WORTH OF MISSIONS, HOW IS THAT BATTERY , WHAT ARE THE CHARACTERISTICS OF THE BATTERY. BECAUSE BATTERIES GET WORSE AS YOU USE THEM. THEY GET WORSE IN TWO WAYS. THEY GET WORSE IN TERMS OF ENERGY THAT’S AVAILABLE, THAT SPECIFIC ENERGY DECREASES. BUT THEY ALSO GET WORSE IN TERMS OF THE INTERNAL RESISTANCE AND SO THE POWER ALSO, THE SPECIFIC POWER HAS A DEGRADATION SO WHAT WE HAVE DONE IS DONE TRADE STUDIES TO FIGURE OUT WHERE IS THE SWEET SPOT. WHEN YOU RETIRE BATTERIES? DO YOU HAVE AN END-OF-LIFE ALL THE WAY DOWN TO 50%? IF YOU DO THAT, THAT IS SEVERE SIZING ON THE VEHICLE. YOU WOULD END UP WITH A VERY VERY HEAVY VEHICLE. IN THIS OPTIMIZATION WE PERFORMED WE ESSENTIALLY FOUND THE SUITE SOUGHT BETWEEN VEHICLE LIFE AND ABOUT 85%. THAT’S WHERE WE ARE GOING TO RETIRE THE BATTERIES AND THAT’S THE SPECIFIC POWER AND INTERNAL RESISTANCE THAT YOU’VE GOT TO MAKE SURE YOU DESIGN FOR IN THESE EVTOL CONCEPTS. YOU CAN SEE ESSENTIALLY THERE’S A FRONTIER THERE ACROSS SPECIFIC ENERGY AND SPECIFIC POWER. WHEN WE QUOTE BATTERIES IT’S NOT AT THE LEFT-HAND SIDE BUT IT IS NOT THE SPECIFIC POWER THAT RELATES TO OUR APPLICATION. SO YOU CAN SEE FOR 2018 AND END- OF-LIFE CONDITION FOR CURRENT BATTERIES THAT RELATE TO EVTOL 61 HOURS PER KILOGRAM WITH A ONE KILOWATT PER KILOGRAM SPECIFIC ENERGY AT END-OF-LIFE. AS WE WORKED WITH CELL MANUFACTURERS THE BATTERY TEAM HAS BUILT UP SOME GREAT RELATIONS AND THEY HAVE ESSENTIALLY PROMISED THAT THEY CAN GET OVER THE NEXT SEVERAL YEARS A 4% INCREASE IN THE SPECIFIC ENERGY OF THEIR CELLS, SO THESE ARE CELLS THAT THEY KNOW THEY CAN PUT INTO PRODUCTION. SO BY 2023 WE CAN HAVE END-OF- LIFE CHARACTERISTICS AT THE 85% CAPACITY OF 195 WATT HOURS PER KILOGRAM AT THE ONE KILOWATT PER KILOGRAM. THAT’S WHAT TYPE OF NUMBERS ARE SIZING THESE VEHICLES IN THIS NEAR TERM. THE OTHER REALLY IMPORTANT METRIC THAT WE HAVE GOT TO TRACK IS HOW EXPENSIVE THE BATTERIES ARE GOING TO COST AS WE AMORTIZE THEM OVER THE MISSIONS WE ARE GOING TO OPERATE. I’M GOING TO DIVE DEEP INTO THIS IN THE LATER ECONOMIC PRESENTATION BUT IT’S A REALLY IMPORTANT GOAL AND THAT IS THAT WE ACHIEVE A COST OF 600 TO 700 DOLLARS PER KILOWATT HOUR AND THAT AMORTIZE US TO IS A $75 PER FLIGHT COST. I WILL VALIDATE WHY WE ARE SURE THIS IS GOING TO BE THE NUMBERS IN THE COST PRESENTATION LATER. AGAIN, BACK TO THE SIZING CHART THAT SHOWED YESTERDAY. THE REASON THESE VEHICLES ARE AT THESE DIFFERENT PLACES IS BECAUSE OF THE BATTERIES. WHEN YOU LOOK AT THE GROSS WEIGHT, VERY MUCH EVERYTHING POINTS BACK TO THE BATTERIES WITH THESE ELECTRIC VEHICLES BECAUSE THEY DON’T HAVE A LOT OF ENERGY. WE’VE GOT A VERY SEVERE ENERGY CONSTRAINT SO YOU’VE GOT TO DESIGNED THE ENTIRE AIRCRAFT AROUND THE BATTERY IF IT IS GOING TO WORK WELL. THERE WE GO. ESSENTIALLY WE ARE TALKING ABOUT THE FEASIBLE DESIGN SPACE OF LESS THAN 7000 POUNDS AND WE HAVE GOT TO REALIZE THERE’S GOING TO BE A CERTIFICATION LAG FROM AVAILABILITY TO THE CERTIFICATION OF THE BATTERY PACKS. SO YOU HAVE REALLY GOT TO BUILD IN A YEAR TO TWO YEARS OF A LAG AS YOU GET TO A CERTIFIED PACK THAT CAN GO INTO A EVTOL PRODUCT. THAT’S WHY WE TEND THE 2021 SELLS FOR 2023. BACK TO THE OTHER PLOTTER SHOWED WARE’S PERFORMANCE WHICH IS CRUISE LIFT TO DRAG RATIO GOING DOWN ACROSS THE BOTTOM TO THE COMPLEXITY TIMES CRITICALITY SCORING THAT I SHOWED BEFORE. REALLY, WHAT THIS IS. YASIK IS GOING TO GO INTO THIS IN DETAIL. BUT IT SHOWS HOW CRITICAL THE COMPONENT IS. IS IT A CATASTROPHIC FAILURE, A MAJOR FAILURE. ESSENTIALLY ALL THAT TRANSLATES INTO A SCORING OF COMPLEXITY AND CRITICALITY WHICH YOU WANT TO MINIMIZE. OUR OBJECTIVE IS TO HAVE THE HIGHEST PERFORMANCE AT THE MINIMUM COMPLEXITY AND CRITICALITY. RIGHT OFF THE BAT WE ARE GRAYING OUT THE LOWER PERFORMANCE VEHICLES BECAUSE WE TESTED THEM ON THE SIMULATION AND THEY DON’T DO WELL. THEY’RE NOT PRODUCTIVE ENOUGH. SO WE ARE REALLY TRYING TO MINIMIZE AGAIN ESPECIALLY CRITICALITY. I DON’T MIND EMBRACING COMPLEXITY ESPECIALLY IF I CAN HAND IT OFF AS SOFTWARE. BUT I DON’T WANT CRITICALITY AS I CAN APPLY THESE REDUNDANT ELECTRIC PROPULSION SYSTEMS THAT IS REALLY AN ADVANTAGE FOR MOVING AWAY FROM THAT. THIS ESTABLISHES A FRONTIER WHERE YOU WANT TO PUSH DOWN TO THE LOWER RIGHT. THIS ALL POINTS TO A GOAL AS WE HAVE LOOKED ACROSS THE DIFFERENT VEHICLES WE’VE ANALYZED. OUR GOAL FOR THIS TRACKING METRIC IS THAT WE ARE GOING TO BE ABLE TO ACHIEVE FOUR TIMES LOWER COMPLEXITY TIMES CRITICALITY AT FOUR TIMES THE PERFORMANCE OF CURRENT HELICOPTERS. THAT’S HOW GOOD EVTOL AIRCRAFT ARE GOING TO BE IN OUR MIND. SO IT’S VERY SPECIFIC GOALS WE EVALUATE EVERY SINGLE VEHICLE WE COME ACROSS WITH THIS COMPLEXITY TIMES CRITICALITY VERSUS PERFORMANCE TRACKING METRIC. LET’S JUMP INTO WHAT THE NEXT PRESENTATIONS ARE GOING TO GET INTO. THAT’S COMMUNITY NOISE. FIRST THING WITH ANY GOOD TRACKING METRIC YOU’VE GOT TO ESTABLISH A BASELINE. HOW GOOD ARE YOUR COMPETITORS TODAY AND THAT IS HELICOPTERS. HERE, YOU CAN SEE THAT PART 36 NOISE CHARACTERISTICS OF A WHOLE BUNCH OF HELICOPTERS IN A SIMILAR WEIGHT CLASS TO WHAT WE ARE LOOKING AT. AND WHAT ROB IS GOING TO DO IS EXPLAIN WHY NOT ONLY ARE WE CONFIDENT THAT THESE AIRCRAFT CAN ACHIEVE THAT 15 DECIBEL REDUCTION BUT WHY IT IS SO CRITICAL THAT WE DO ACHIEVE IT. SO OUR NEAR-TERM GOAL TRACKING METRIC IS FOR US TO ACHIEVE A 15 DECIBEL REDUCTION OVER THE PART 36 FAA STAGE III LIMITS FOR LIGHT HELICOPTERS. OVERLOOK THE LONGER TERM WE ARE WORKING ON THIS NEW METRIC THAT WE WOULD LOVE THE INDUSTRY TO EMBRACE WHICH IS TIME VARYING LOUDNESS. IT’S A MUCH BETTER METRIC FOR TREASURING THE ANNOYANCE OF THE VEHICLES IN NEIGHBORHOODS. I’M GOING TO JUMP INTO HELICOPTER COST. AGAIN, THE MOST IMPORTANT THING AS WE ESTABLISH A GOAL HERE IS TO UNDERSTAND THE BASELINE. WHAT DO HELICOPTERS COST TODAY, WHY DO THEY COST SO MUCH? IF WE TAKE A GREAT HELICOPTER LIKE THE GX I WE CAN UNDERSTAND WHERE THEY COSTS ARE IT HAS A GREAT DATABASE FOR THESE TYPE OF THINGS. AND THERE’S A LOT OF MAINTENANCE COST, A LOT OF ENERGY COST. AND IF WE WERE TO OPERATE THIS IN OUR NETWORK IT WOULD BE $1200 PER FLIGHT HOUR. THAT’S EXPENSIVE. IN MY PRESENTATION I’M GOING TO SHOW YOU WHY WE ARE CONFIDENT WE CAN GET DOWN TO A $700 PER FLIGHT HOUR OPERATING COST FOR THESE VEHICLES. SO, I HAVE INTRODUCED THE DIFFERENT TOPICS. AGAIN WE ARE GOING TO HEAR ABOUT THE NETWORK PRODUCTIVITY AND EFFICIENCY IN A PRESENTATION. THEN GET INTO THE DESIGN OF THESE EVTOL NO NOISE CHARACTERISTICS AND HOW THAT TRANSLATES INTO COMMUNITY ACCEPTABILITY. WE GOING TO DIVE INTO THE SAFETY AND UNDERSTANDING THE COMPLEXITY AND CRITICALITY OF THE VEHICLES. WE’RE GOING TO HAVE A HESITATION ON THE RIDE SHARING CABIN WHICH HOPEFULLY YOU’VE BEEN ABLE TO SEE. WE’VE A PARTNER SHIP WITH SAFRAN CABIN WHERE THEY HAVE BEEN DESIGNING THE FIRST CABIN APPLICATIONS. THEN I WILL GET INTO THE ECONOMICS AND THEN WE WILL WRAP IT ALL UP WITH A CERTIFICATION NOW. THIS IS GOING TO BE A GREAT SESSION. GLAD YOU ARE STAYING WITH US. THANK YOU. >>PLEASE WELCOME VEHICLE MODEL AND. >>MY NAME IS IAN. AS MARK MENTIONED IT’S REALLY IMPORTANT TO UNDERSTAND UBER AIR FROM A NETWORK PERSPECTIVE. TODAY I AM EXCITED TO BE ABLE TO SHARE WITH YOU HOW WE ARE LOOKING AT THIS BY SIMULATING FLEETS OF TAKEOFF AND LANDING AIRCRAFT. IN ORDER TO ASSURE WE CAN REACH NETWORK EFFICIENCY. AND IT’S IMPORTANT THAT WE MAXIMIZE EFFICIENCY WHEN WE LAUNCH AND AS WE SCALE. THE VISUALIZATIONS YOU SEE HERE ARE THE GROWTH OF OUR MARKETS IN LOS ANGELES AND DALLAS-FORT WORTH. AND IN THAT YOU SEE EXACTLY WHAT WE EMBODY OR WHAT THEY EMBODY WHAT WE AIM TO ACHIEVE USING OUR SIMULATION FRAMEWORK. UNDERSTANDING TRAFFIC PATTERNS IN CITIES AROUND THE WORLD. INSTALLING INFRASTRUCTURE TO FACILITATE THE TAKEOFFS OF UBER AIR. AND THEN ULTIMATELY THE DEMAND IN THOSE CITIES WITH FLEETS OF THESE VEHICLES AND SIMULATE THEM THROUGHOUT THE MISSION DAY. LAST YEAR, WE GAVE YOU A GLIMPSE AT THIS. JUST THE VERY BEGINNING. WE SHOWED THROUGH HOW FLUX OPTIMIZER WE CAN TAKE A LOOK AT THE MULTIMODAL TRIPS WITHIN THE CITY IN THIS CASE IT’S LOS ANGELES. TAKE THAT, UNDERSTAND WHERE CLUSTERS OF DEMAND ARE AND ACTUALLY LOCATE OPTIMAL SKY PORCH LOCATIONS. WE ALSO SHARED WITH YOU VEHICLE REQUIREMENTS FOR UBER AIR EVTOL. THINGS LIKE 150 MILE-PER-HOUR CRUISE SPEED. IN RANGE, SIZING RANGE OF 60 MILES. THE NOISE SIGNATURE THAT’S ON THE ORDER OF 15 DECIBELS LESS THEN A HELICOPTER AS WELL AS ALL ELECTRIC FEARED. SO SINCE THEN WE HAVE TAKEN FLUX OPTIMIZER AND WE HAVE IT TAKEN OUR VEHICLE TOOLS AND COMBINED THEM TOGETHER INTO A FRAMEWORK FOR US TO VALIDATE THESE REQUIREMENTS. SO BY COMBINING THEM. WE’VE BUILT UP THIS FRAMEWORK. WE’VE TALKED ABOUT THE OPTIMIZER AS THOUGH IT WAS THE SINGLE TOOL. IT’S NOT. IT IS A FRAMEWORK. IT’S A COLLECTION OF TOOLS, CAPABILITIES, FUNCTIONS, AND FEATURES THAT ALLOW US TO SEE IN THE WORLD AND THE VISION THAT WE HAVE FOR UBER AIR. WE START WITH INPUTS WHICH INCLUDE THE VEHICLE, BATTERIES, AND NETWORK ASSUMPTIONS. AND WE SYNTHESIZE THESE TO BE ABLE TO DERIVE INSIGHTS AND TO BE ABLE TO OPTIMIZE SKYPE PORT LOCATIONS, GENERATE CANDIDATE UBER AIR TRIPS AND SIMULATE THE FLIGHTS OF THESE UBER AIR EVTOL TO SATISFY THE DEMAND. UNDERLYING ALL OF THAT IS AN ECONOMIC MODEL THAT IS ABLE TO CAPTURE THE INDIRECT AND DIRECT COST. SOME OF WHICH WE WILL DISCUSS LATER TODAY. AS WELL AS A DEMAND MODEL WHICH HELPS US CAPTURE THE PRICE TIME TRADE-OFFS FOR UBER AIR RIDERS. LET’S DIVE A LITTLE BIT DEEPER INTO THESE. SO WE START WITH A VEHICLE MODEL. WE UTILIZE OUR INTERNAL TOOLS AND INDUSTRY STANDARDS LIKE NASA. TO CHARACTERIZE THE FLIGHT PERFORMANCE OF THE AIRCRAFT. AND THEN DISTILL THEM INTO METRICS THAT FLUX CARES ABOUT. LIFT TO DRAG RATIO OR EVEN THE MAX TAKEOFF GROSS RATE. WE THEN INSTALL AIPAC. WE CAN UTILIZE, SELL TEST DATA THAT WE ARE TESTING IN OUR OWN LABS AND TALKING ABOUT ON THE SECOND TRACK TO BUILD UP THE PACK TO INSTALL INTO THE VEHICLE AND UTILIZE RELEVANT DUTY CYCLES FOR EACH AIRCRAFT THAT WE UNDERSTAND THE IMPACT OF THE VEHICLE IN THE NETWORK OR THE MISSION DAY. COMBINED WITH THAT OUR NETWORK ASSUMPTIONS. THESE TELL US HOW WE ARE GOING TO FLY THESE VEHICLES. MAYBE YOU HAVE DESIGNED A VEHICLE THAT CAN CRUISE AT 175 MILES PER HOUR BUT YOU WANT TO OPERATE ON THE NETWORK AT 150 MILES PER HOUR. WE CAN VARY THE PAYLOAD DEPENDING ON THE TRIPS WE ARE MAKING. AND THE SKY PORCH WILL KNOW THE LOCATIONS CAN BE VARIED AND CONSTRAINTS DEPENDING ON THE MAX RAID CAPABILITY. SO WITH THOSE WE CAN NOW INSTANTIATE SKYPE PORT NETWORKS OF VARIOUS SIZES. MAYBE WE START WITH A SKYPE PORT NETWORK AT LUNCH. THAT IS SIX SKY PORTS OR SOMETHING THAT IS MORE MATURE 13 SKY PORTS. OR MAYBE SOMETHING AT SCALE. 75 SKY PORTS. ALL THE WHILE ROLLING AND OPERATIONAL ASSUMPTIONS. NOISE, EFFICIENCIES, TRIPLE WAIT TIMES. ALL OF THIS CAN GET ROLLED UP AND WE CAN VARY THESE THINGS IN WAYS THAT HELP US UNDERSTAND SENSITIVITIES TO THE NETWORK. WE CAN LOOK AT HOW THIS MIGHT CHANGE USING DATA FROM UBER COPTER AND WE CAN VARY HOW THESE VEHICLES ARE FLOWN AND THE BATTERIES THEMSELVES THAT ARE IN THE NETWORK SIMULATION. SO WITH ALL OF THESE INPUTS WE THEN GO INTO THE ACTUAL CAPABILITIES OF FLUX. WHAT YOU SEE HERE IS MOSTLY A REFRESHER FOR THOSE OF YOU THAT WERE AT LAST YEAR’S SUMMIT. AGAIN WE ARE TAKING THE TRIP AND DATA WITHIN LOS ANGELES UNDERSTANDING WHERE THE INFLOWS AND OUTFLOWS ARE TO UNDERSTAND THE DEMAND. CLUSTER THAT AND REALIZE WHERE WE CAN PLACE SKY PORTS WITHIN THE NETWORK. AND WE CAN SEE HOW THE SKYPE PORT NETWORKS GROW OVER TIME. KEY INSIGHT WE MAKE SURE THAT AS WE GROW IT’S INCLUSIVE OF THE PREVIOUS SKYPE PORT NOTES. WE CAN TAKE THE TOTAL ADJUSTABLE MARKET AND RESIZE THE SKY PORTS AND THEN ENSURE THERE IS ENOUGH IN ADS TO SATISFY THE DEMAND IN THE TRIPS WE WOULD LIKE UBER AIR TO SERVICE. OVER TIME WE CAN INSTALL MORE PARKING PADS TO LOOK AT HOW THIS CHANGES NETWORK PRODUCTIVITY AND ENSURE WE ARE MATCHING THE GROWTH OF OUR FLEET. SO TO TELL YOU A LITTLE BIT MORE ABOUT HOW WE SIZE THAT FLEET AND HOW WE SIMULATE THE FLEET I’M GOING TO BRING ONTO STAGE MY COLLEAGUE REVATI. >>HI EVERYONE. I AM REVATI THE PRODUCT MANAGER FOR THE TEAM THAT BRINGS YOU FLUX OPTIMIZER. LIKE IAN MENTIONED IT’S VERY CRITICAL FOR US TO KNOW WHERE TO PLACE SKY PORTS. AND HOW TO ALLOCATE EACH OF THEM. IN THE NETWORK AS COMPLEX AS AN URBAN AVIATION SYSTEM WE NEED TO BE ABLE TO QUANTIFY THE IMPACT OF ANY ONE COMPONENT ON THE REST OF THE NETWORK. SO WE BRING BACK THE FLYAWAY THAT WE SAW LAST YEAR AND WE REALIZED THAT AS YOU LOWER PRICES YOU INDUCE MORE DEMANDS THAT YOU CAN CAPTURE WITH A WELL UTILIZED FLEET. A WELL UTILIZED FLEET WITH A HIGH LOAD FACTOR LOWERS OUR ACQUISITION AND OPERATIONAL COST WHICH ENABLES US TO CONTINUE TO LOWER THE PRICE POINT FOR UBER AIR. AS A RESULT OF THE ANALYSIS WE HAVE DISCOVERED THE TWO BIGGEST DRIVERS OF NETWORK IMPACT ON THE PRICE POINT OF THE NETWORK AND THE NUMBER OF VEHICLES IN THE NETWORK. THESE AFFECT OUTPUTS AMONG OTHERS SUCH AS THE PROFITABILITY OF THE NETWORK AND THE NUMBER OF RIDERS THAT WE HAVE THE CAPABILITY TO SERVE. COVERING THE RELATIONSHIPS BETWEEN THESE INPUTS AND OUTPUTS IS A COMPLEX TASK THAT INVOLVES MULTIPLE LAYERS. BUT WE CAN USE FLUX TO SCAN DIFFERENT CONFIGURATIONS WE CAN UNDERSTAND THE TRADE-OFFS OF OPTIMIZING A NETWORK FOR THROUGHPUT OR FOR PROFITABILITY. OR ANY OTHER BUSINESS METRIC UNTIL WE UNDERSTAND HOW TO CONFIGURE THE INPUTS. ONCE WE HAVE CORRECTLY CONFIGURED INPUTS WE ARE ABLE TO RUN A MISSION IN FLUX. AND I AM GOING TO SHOW YOU WHAT THAT LOOKS LIKE TODAY FOR A 25 NODE NETWORK IN A WAY. IN THIS VISUALIZATION TRIP OUTFLOWS ARE REPRESENTED BY THE BLUE CLUSTERS AND TRIP INFLOWS OR DESTINATIONS ARE REPRESENTED BY THE PURPLE CLUSTERS. I’M GOING TO PLAY THROUGH AND STOP AT CRITICAL POINTS IN THE JUNCTION. IN THE MORNING AS WE CAN SEE. THE TRIP OUTFLOWS ARE CENTERED AROUND THE SURROUNDING AREAS AROUND L.A. WHERE’S THE TRIP INFLOWS ARE CENTERED AT CRITICAL URBAN CENTERS SUCH AS SANTA MONICA, WEST HOLLYWOOD, LOS ANGELES, AND SANTA MONICA. AS A KEY PLANK OF THE AFTERNOON WE SEE THE TRIP FLOWS DECREASE SIGNIFICANTLY BUT THERE IS STILL A HIGH INFLOW OF TRIPS GOING INTO LAX. AS I PLAY THROUGH THE EVENING WE CAN SEE AN INVERSION OF THE PATTERN WE SAW EARLIER. WHERE TRIP INFLOWS ARE IN THE SURROUNDING AREAS AND TRIP OUTFLOWS ARE COMING FROM THE MAJOR URBAN CENTERS. THIS IS A PATTERN THAT BECOMES MORE AND MORE PRONOUNCED AS I RUN THE REST OF THIS MISSION DAY. NOT ONLY IS A FLUX RUN FUN TO WATCH. IT PROVIDES US CRITICAL BUSINESS METRICS THAT WE CAN EFFECT TO CONFIRM HYPOTHESES ABOUT THE NETWORK OR UNCOVER NEW RELATIONSHIPS THAT WE HAVE NOT YET DISCOVERED. FOR EXAMPLE WE SEE THAT WHEN WE MAKE A WRITER WEIGHT IN A TERMINAL FOR A LONGER TIME WE ARE ACTUALLY BETTER ABLE TO PULL THEM WHICH RESULTS IN A MORE EFFICIENT NETWORK OVERALL. OR WE CAN QUANTIFY THE IMPACT OF LOWERING PRICE POINTS ON THE DISTRIBUTION OF A VEHICLE FLEETS UTILIZATION. SO FAR WE HAVE BEEN TALKING ABOUT THE OPTIMAL NETWORK. OPTIMAL PRICE POINT. ALL THIS REALLY REQUIRES THE OPTIMAL VEHICLE. SO HOW DO WE DEFINE THE OPTIMAL VEHICLE? WE RAN A VARIETY OF AIRCRAFT SPECS THEIR FLOCKS TO QUANTIFY THE BUSINESS IMPACT TO THE BOTTOM LINE. I’M GOING TO SHOW YOU SOME EXAMPLES OF THOSE DIFFERENCES TODAY. YOU ARE LOOKING AT A TRIP WEB THAT REPRESENTS ORIGINS AND DESTINATIONS FOR A 13 SKY PORT NETWORK IN L.A. THESE ARE THE MULTIMODAL TRIPS WE HAVE SERVED IN THIS MISSION DATE. IT’S A FLATTENED VERSION OF THE VISUALIZATION YOU SAW EARLIER. WITH ALL THE LASERS AND THE COLORS. WHAT I’M GOING TO SHOW YOU NOW IS HOW MUCH FEWER OF THESE TRIPS WE CAN SERVE WITH A VEHICLE OF 125 MILE PER HOUR PER SPEED. WE CAN SEE THAT YOU SEE LOWER PROFITS, LOWER SERVED DRIVERS AND LESS NETWORK EFFICIENCY. ANOTHER EXAMPLE. LET’S LOWER THE PAYLOAD THAT THE VEHICLE CAN CARRY FROM FOUR PASSENGERS TO TWO PASSENGERS. WE SEE EVEN MORE PRONOUNCED DECREASE IN THE NUMBER OF TRIPS THAT WE CAN SERVE IN OUR PROFITABILITY. SO IN THIS WAY WE ARE ABLE TO QUANTIFY THE REQUIREMENTS THAT WE BRING TO OUR PARTNERS IN A WAY THAT’S BACKED UP BY DATA. NOW THAT I’VE SHOWN YOU WHAT FLUX IS CAPABLE OF DOING ON A SINGLE RUN IN A SINGLE NETWORK CONFIGURATION I’M GOING TO BRING IAN BACK ON THE STAGED TO SHOW YOU HOW WE CAN SCALE. THANK YOU. [ APPLAUSE ] >>THANK YOU. SO, PULLING BACK FROM THE 13 NOTE SKY PORT NETWORK WE CAN LOOK AT THE EVOLUTION AND THE METRICS THAT FALLOUT FROM THE ACCIDENT OF THESE RUNS. AND FROM THIS ABLE TO SEE THAT WE CAN CONFIGURE THE NETWORKS TO MAINTAIN A HEALTHY LEVEL OF METRICS. THIS IS TRUE AT EVERY POINT ALONG THE NODAL EVOLUTION. EVEN AS WE FLATTEN OUT RIDER DENSITY ACROSS THE MARKET WE CAN STILL MAINTAIN THIS. WE SEE THAT WE HAVE HIGHER, WE MAINTAIN HIGH LOAD FACTORS HIGHER THAN 1.5 THAT SOME MAY STRUGGLE WITH. WE DECREASE DEADHEADS THEREBY INCREASING REVENUE FLIGHTS AND INCREASE UTILIZATION. SO WE ARE ABLE TO ACHIEVE JUST AS REVATI SAID TO VEHICLE REQUIREMENTS. AS WE SCALE AND REDUCE FARES WE KICKSTART THE FLIGHT WILL AND SEE THE EXPECTED INCREASE IN THROUGHPUT AND REVENUE. AND WE CAN CONFIGURE THE TECHNICAL INPUTS AND NETWORK ASSUMPTIONS AND THE ECONOMICS OF EACH CASE ON A REGION BY REGION BASIS. THAT IS WHAT ACHIEVING NETWORK EFFICIENCY IS ALL ABOUT. BUT ULTIMATELY, WE’VE GOT TO MAKE IT REAL. WE CAN INSERT ASSUMPTIONS AND VEHICLE MODELS AND COMBINATIONS OF THESE THINGS BUT IT COMES DOWN TO REAL HARD EFFORT THAT WE ARE DOING. SO MY COLLEAGUES IN THE NEXT FEW TALKS WILL TELL US MORE ABOUT THE NOISE MODELING. COMMITMENT TO SAFETY. HOW WE’RE DRIVING FOR COMMUNITY ACCEPTANCE AND BREAKING DOWN REALLY WHAT ARE THE EVTOL COST DRIVERS. THANK YOU. [ APPLAUSE ] >>PLEASE WELCOME ROB McDONALD. HEAD OF VEHICLE ENGINEERING, UBER ELEVATE. ♪ ♪ >>HOW ARE Y’ALL DOING? DID, GLAD TO HEAR IT. IF YOU HAVE BEEN FOLLOWING US FOR THE PAST FEW YEARS YOU KNOW WE SPEND QUITE A BIT OF TIME TALKING ABOUT THE SOUND OF THESE VEHICLES AS AN AIRCRAFT DESIGNER MY JOB IS TO MAKE THESE VEHICLES AS QUIET AS WE POSSIBLY CAN. THE GREATEST OPPORTUNITY TO INFLUENCE THESE DESIGNS AND TO EFFECT THAT CHANGE COMES IN THE CONCEPTUAL DESIGN PROCESS. UNFORTUNATELY HISTORICALLY ACOUSTICS HAS NOT BEEN A PLAYER IN CONCEPTUAL DESIGN. WE ARE WORKING TO CHANGE THAT. THOSE OF YOU WHO KNOW ME KNOW I SPENT 11 YEARS AS AN ENGINEERING PROFESSOR. YOU WILL HAVE TO FORGIVE ME, I’M A RECOVERING ACADEMIC. OLD HABITS DIE HARD AND THERE’S AN EQUATION ON MY FIRST SLIDE. THIS IS THE FAA DEFINITION OF THE DAY NIGHT LEVEL. DNL FOR SOUND. WE’VE TALKED A NUMBER OF TIMES ABOUT BEING 15 DB QUIETER. WE NEVER TOLD YOU WHY. HERE YOU GO. DNL IS THE AVERAGE SOUND LEVEL OVER A 24 HOUR PERIOD IT HAS PENALTIES IN THE EARLY MORNING AND LATE NIGHT. THE IMPORTANT PART IS IT IS CUMULATIVE. IT CAPTURES THE EFFECTIVE NOTABLE EVENTS. NOT JUST ONE FLYBY BUT THROUGHOUT THAT DAY AND THE NIGHT. SO WITH THAT WE CAN FOR EXAMPLE CALCULATE THE DNL FOR 5000 POUND STAGED A HELICOPTER. WHAT YOU SEE AS WE CHANGE THE NUMBER OF FLIGHTS THE DNL LEVEL CHANGES CORRESPONDINGLY. IT TELLS US THE OVERALL IMPACT WE ARE HAVING. SO WE CAN IMAGINE IF WE GET TO MAKE THAT VEHICLE FIVE DB QUIETER WE SHIFT THAT CURVE TO THE LEFT. THEN ALLOWING MORE FLIGHTS AT THE SAME DNL. EACH SHIFT ENABLES MORE FLIGHTS AT THE SAME DNL. THE FAA DEFINES THE N.L. AND THEY GIVE US SOME RECOMMENDATIONS. THEY SUGGEST THAT 65 DNL IS ACCEPTABLE FOR ANY COMMUNITY ZONING . CHURCHES, SCHOOLS, NEIGHBORHOODS, HOSPITALS. ANY ZONING REGION, 65 DNL IS AN EXCEPTION THAT SHOULD BE ACCEPTABLE. THAT’S AT THE TARGET FOR US. IF WE PUT THIS TOGETHER WITH OUR 5000 POUND STAGED A HELICOPTER AND GO TO THE 65 LIMIT WE WOULD BE LIMITED TO 40 FLIGHTS PER DAY. YOU’VE BEEN HEARING ABOUT US AND OUR SKILL. YOU KNOW THAT 40 FLIGHTS PER DAY IS NOT GOING TO CUT IT. WHAT WE HAVE TO DO IS LOOK AT WHAT KIND OF REPORTS MIGHT WE WANTED SOMEPLACE. YOU MIGHT CONSIDER AN INTERMEDIATE IN TIME IN SIZE. WITH TWO LANDING PADS AND FIVE PARKING PADS. THEY GETS A THEORETICAL MAXIMUM THROUGH 500 FLIGHTS PER DAY. IN ORDER TO ACHIEVE THAT WE WOULD NEED TO BE QUIETER THAN THE STAGE THE HELICOPTER. IF WE GO TO A MORE ADVANCED REPORT WITH FOUR LANDING PADS AND 12 PARKING PADS WE’VE GOT 1200 FLIGHTS PER DAY. TO DO THAT WE NEED TO BE 15 DB QUIETER THAN THE HELICOPTER. WE HAVE SET A GOAL TO ACHIEVE THAT AGAIN. WE WILL DO MORE ADVANCED METRICS AS WE GO BUT THAT IS WHERE WE ARE COMING FROM. IT TAKES, IT’S WORTH SOME TIME TO THINK ABOUT IS THIS EVEN POSSIBLE? WHERE ARE WE TODAY, WHERE HELICOPTERS TODAY. OBVIOUSLY THE STAGE III IS THE BLACK LINE IN HERE. EACH OF THESE CIRCLES REPRESENTS CERTIFICATION DATA FOR DIFFERENT HELICOPTERS. THE COLORS REPRESENT TIP SPEED AND THE SIZE OF THE DOT IS THIS LOADING. THEY’RE ALL ABOUT THE SAME DISCLOSURE. BUT YOU SEE WHERE EXISTING HELICOPTERS ARE. THEN WE DROP IN OUR LIMIT AND WE’RE REALLY NOT INTERESTED IN HELICOPTERS OVER 7000 POUNDS. YOU SEE THERE’S QUITE A WAYS TO GO BETWEEN WHERE WE ARE AND THE GOALS WE WOULD LIKE TO GET TO. THAT SAID, WE ALSO KNOW THAT WE FIND MORE SUBSTANTIAL IMPROVEMENT IN CRUISE IF POSSIBLE. RIGHT NOW WHAT WE’RE SEEING I EXPECTED IN THE NEAR FUTURE WE WILL BE SENDING A MORE AGGRESSIVE NOISE FLOW. WE ARE GOING TO COME DOWN FROM THERE. SO WE CAN ALSO LEARN BY LOOKING AT A CLASS LEADER. THIS IS ONE OF THE QUIETEST HELICOPTERS YOU WILL SEE ON THE CHART. HOW DO THEY ACHIEVE THAT. IT HAS UNIQUE FEATURES. FIRST IT USES THE TECHNOLOGY. IT HAS NO TAIL ROTOR AT ALL. IT ALSO HAS FIVE BLADES SO WHAT YOU NEED FOR THE SIZE OF A HELICOPTER AND A RELATIVELY LOW TIP SPEED. BETWEEN THAT WE REALIZE THAT THERE ARE ENGINEERING TECHNOLOGIES AND ENGINEERING DECISIONS WE CAN MAKE THAT CAN AFFECT NOISE. SO PERHAPS THERE IS ROOM FOR HOPE. FORTUNATELY WE ARE NOT BUILDING A TURBINE HELICOPTER. LET’S LOOK AT THE THINGS THAT EVTOL ITSELF BRINGS TO US THAT WE CAN LOOK AND THINK ABOUT GIVING US LESS NOISE. WHEN WE PROVIDE PROPULSION THERE’S ALL THESE OPPORTUNITIES TO REDUCE SOUND. WE’VE INVESTIGATED THESE THROUGH RIGOROUS ANALYSIS AND THROUGH SURVEYING THE LITERATURE TO SEE WHAT THE COMMUNITY HAS ESTABLISHED AS POSSIBILITIES. THESE ARE EXAMPLES. FIRST THE SMALLER ROTORS AND THE FACT THAT WE DO NOT HAVE HIGH-SPEED FLIGHT MEANS THAT WE CAN LOWER THE TIP SPEEDS. AND PERHAPS PRODUCE THE SOUND BY 4-5 DB. WE CAN INCREASE THE BLADE CORD INCREASING THE SOLIDITY, REDUCING WEIGHT LOADING AND BLADE CL WHICH WILL REDUCE BROADBAND DENIES BY ONE-TO DB. WE CAN SWEEP THE BLADES AS IT PASSES BY THE OBSERVER. AND THROUGH THAT SAVE 3 TO 5 DB. WE CAN INCREASE THE BLADE COUNT WE CAN REDUCE THE THRUST ON EACH BLADE. WE CAN SET ACOUSTIC IMPULSE AND ALLOWS US TO SAVE 3 TO 5 DB. VERY IMPORTANT, CRITICALLY IMPORTANTLY WE CAN OPTIMIZE THE FLIGHTPATH ON THE APPROACH WE CAN AVOID INTERACTION. HUGE SOURCE OF NOISE. AND THROUGH HAVING VERY CONTROLLED PRECISE FLIGHTPATH WE CAN REDUCE THE NOISE BY 5-10 DB. THERE ARE OTHER OPPORTUNITIES AS WELL. WE CAN ELIMINATE THE TAIL ROTOR. WE DON’T HAVE A TURBINE ENGINE. THIS ADVANCED TECHNOLOGIES LIKE FACE CONTROL AND OTHER TECHNOLOGIES THROUGH WHICH WE COULD PROBABLY GET ANOTHER 2-3 DB. LOTS OF OPPORTUNITIES THAT WON’T ALL WORK ON THE SAME AIRCRAFT BUT THERE’S REASON TO BELIEVE WE CAN SIGNIFICANTLY AFFECT THE NOISE IN THE AIRCRAFT IF THAT IS IMPORTANT TO US. AND IT IS. WHAT I HAVE LEFT OUT THERE IS PERHAPS THE BIGGEST ADVANTAGE OF SWITCHING FROM ROTOR BORN FLIGHT. INSTEAD OF NOW GETTING POWER LIFT WHERE YOU ARE ACTIVELY PUTTING ENERGY INTO THE FLOW TO GENERATE LEFT YOU NOW ARE FLYING ON A WING WHICH IF YOU HAVE HEARD BIRDS FLY, THEY ARE VERY VERY QUIET. IT’S A VERY EFFICIENT WAY. WE HAVE NO CYCLIC LOADING ON THE BRODER. THESE VEHICLES ARE AIMING FOR NO GREATER THAN 10. THINK ABOUT THAT. IT ABSOLUTELY REQUIRES THAT THE THRUST IN THE THIS LOADING IN CRUISE IS DRAMATICALLY LOWER IN HOVER SAID THE NOISE ASSOCIATED WITH THAT GOES DOWN AND IN ADDITION WE WILL CRUISE AT 1000 1500 FEET. SIGNIFICANTLY HIGHER THAN THE LOW HELICOPTER ALTITUDE PROGRAM. AND ALL OF THOSE HELP OUR NOISE AND CRUISE DRAMATICALLY. SO THERE IS REASON FOR HOPE THAT THERE ARE THINGS WE CAN DO. WE WILL TALK ABOUT TOOLS AND YOU HAVE SEEN ME TALK ABOUT THIS IN THE PAST. ABOUT DEVELOPING AN ENVIRONMENT. ENGINEERING, ANY ENGINEERING ANALYSIS STARTS WITH GEOMETRY. YOU DRAW A DIAGRAM BEFORE YOU DO A STATUS. FROM THERE AND WE NEED THIS TO BE FAST. VERY ROBUST. AUTOMATED, ALL THESE TOOLS. SO WE CAN ENABLE CREATIVITY AND ENABLE DESIGN TRADES. AFTER THE GEOMETRY IN ORDER TO DO ACOUSTICS YOU NEED TO DO UNSTEADY AERODYNAMICS. WE HAVE AERODYNAMICS TOOLS WE LOOK AT. ONCE YOU HAVE THE PRESSURE FIELD YOU NEED TO BE ABLE DO AN ACOUSTIC ANALYSIS. THE ACOUSTIC ANALYSIS ALLOWS YOU TO PROPAGATE THAT UNSTEADY PRESSURE TO AN OBSERVER ON THE GROUND. CALCULATE THE NOISE METRICS WE’RE TALKING ABOUT AND ACTUALLY SIMULATE THE EXPERIENCE OF AN OBSERVER, OF A LISTENER ON THE GROUND. SO FOR US, OUR RITUAL IS OPEN VSP. WE OPEN SOURCED BACK IN 2012. PUBLICLY AVAILABLE. IT WORKS VERY WELL FOR OUR PURPOSES. WE HAVE DEVELOPED A SET OF PYTHON SCRIPTS THAT AUTOMATICALLY CONVERT AND OPEN FILE INTO CHARM. IT’S A COMPREHENSIVE MOTORCRAFT CODE. IT CAN DO AMONG MANY OTHER THINGS THEY UNSTEADY AERODYNAMIC ANALYSIS THAT WE NEED. CHARM IS ABLE TO WRITE OUT FILES TO A ACOUSTICS TOOL DEVELOPED BY KEN BRANDNER. THESE TOOLS WE TALKED ABOUT BEFORE. WE’RE NOT JUST DOING THIS FOR US. WE’RE NOT JUST CONNECTING THEM FOR HER. WE PARTNERED AND PRESENTED A SHORT COURSE ON USING THESE TOOLS TOGETHER AT THE VERTICAL FLIGHT SOCIETY MEETING BACK IN JANUARY WHERE WE HAD ALL KINDS OF MEMBERS OF THE COMMUNITY, GOVERNMENT, INDUSTRY, ACADEMIA INCLUDING PARTNERS AND FRANKLY EVEN OUR COMPETITORS. TO LEARN ABOUT THESE TOOLS AS WE OPEN SOURCED AND RELEASED SOME OF THE SCRIPTS FOR EXAMPLE TO TWO CHARM. NOW, IN ENGINEERING DESIGN IT’S VERY IMPORTANT TO USE THE RIGHT TOOL FOR THE DECISION YOU ARE MAKING AT THE TIME. YOU’VE HEARD ME TALK A LOT ABOUT DEVELOPING A TOOLSET. IN ADDITION TO THESE TOOLS WE’VE BEEN WORKING TO AUTOMATE THE USE OF THE NASA CODE OVERFLOW FOR ACOUSTIC ANALYSIS. WE WILL SHOW RESULTS WITH OVERFLOW TODAY. WE’VE ALSO BEEN WORKING RECENTLY TO INCORPORATE THE FRAMEWORK DEVELOPED AT NASA LANGLEY IN VIRGINIA. WE WILL TALK A LITTLE BIT MORE ABOUT WHAT DO I MEAN BY ALL OF THE ACOUSTIC ANALYSIS AND WHAT WE CAN DO. HERE WE ARE VISUALIZING THE UNSTEADY PRESSURES PROPAGATED TO A SPHERE OF OBSERVERS AWAY FROM THE VEHICLE. ON THE LEFT IT’S IN HOVER. ON THE RIGHT, IT IS IN CRUISE. ON THE LEFT WE ARE BASICALLY 100 METERS AWAY AND YOU SEE THOSE UNSTEADY PRESSURES. IT IS IN SLOW MOTION. YOU CAN SEE THE DIRECTIVITY AND THE MAGNITUDE OF THE PRESSURE WAVES. ON THE RIGHT IT’S VERY HARD TO SEE IT ALL. THERE’S MUCH MUCH LESS IN MAGNITUDE. THE SHADES OF GREEN ARE HARDER TO DISCERN. ALSO THAT SPHERE IS MUCH FURTHER AWAY BECAUSE IT’S CRUISE. SO IT’S 300 METERS AWAY. ONE OF THE FIRST STEPS OF ACOUSTICS. WE TAKE THE FLOW SOLUTION NEAR THE BODY AND PROPAGATED FOR THE OBSERVERS THEN FOR EXAMPLE WE INTEGRATE THE PRESSURES IN TIME. FINDING AN AVERAGE WE WAIT IT AND WE HAVE THE PRESSURE LEVEL. AGAIN, ON THE LEFT YOU SEE THE GREAT INTENSITY OF THE SOUND IN HOVER. ON THE RIGHT, YOU NOTICE MUCH LOWER INTENSITY BUT YOU WILL NOTE THAT THERE ARE SOME VERY INTERESTING COMPLEX DIRECTIVITY PATTERNS. THERE’S A LOT GOING ON HERE. IT’S REALLY INTERESTING STUFF. WE NOT ONLY ARE ABLE TO TAKE IT FROM THE VEHICLE DOWN TO THE GROUND BUT AS A DESIGNER IS IMPORTANT FOR ME TO TURN AROUND AND LOOK AT THE ANALYSIS THE OTHER WAY AND LOOK BACK AT THE AIRCRAFT AT THE ORIGINS OF THAT SOUND. WHERE ON THE BODY IS THE CONTRIBUTION, ME AS AN OBSERVER THAT I’M HEARING THE PRESSURE COMING FROM. ON THE LEFT YOU WILL SEE THIS VEHICLE IN HOVER. AND YOU WILL SEE THAT THE NOISE IS BEING GENERATED FROM THOSE LOADED BLADES. YOU WILL SEE ALSO EACH TIME A BLADE PASSES OVER THE BODY THERE’S AN INTERACTION BETWEEN THE BLADE AND THE BODY WHICH IS THE SOURCE OF NOISE. YOU ALSO MAY HAVE NOTICED THAT THE BLADES ARE CURVED. BECAUSE THIS VISUALIZATION IS IN THE TIME OF THE OBSERVER AND IN ONE INSTANT THE OBSERVER IS ACTUALLY HEARING NOISE GENERATED IN DIFFERENT PARTS OF THE HELICOPTER. AS THEY MOVE. SO IT MAKES IT LOOK LIKE A LITTLE BIT OF A WET NOODLE. WE CAN SWITCH THE ANIMATION AND LOOK AT THE CRUISE ONE ON THE RIGHT. VERY SIMILAR FEATURES. THE NOISE COMING FROM THE BLADES. THE INTERACTION WITH THE BLADE AND OTHER SERVICES. WE DID HAVE TO CHANGE THE SCALE ON THIS ONE. SO MUCH LESS NOISE MATT SITUATION. BUT SIMILAR FEATURES AND IMPORTANTLY DESIGN INTUITION. SOMETHING A DESIGNER CAN LOOK AT AND UNDERSTAND WITH THE NOISES COMING FROM TO REALIZE CHANGES IN ORDER TO MAKE IMPROVEMENTS. CREATIVITY, ROBUSTNESS, REPEATABILITY. OF THESE TOOLS. OKAY. IN ADDITION TO ALL THAT WE CAN PROPAGATE THAT AND CREATE SOME SIMULATIONS. SO I AM VERY EXCITED TO SHARE WITH YOU AN OPPORTUNITY TO EXPERIENCE THE FUTURE OF WHAT THE VEHICLES MAY BE LIKE. FIRST, I WOULD LIKE YOU TO IMAGINE YOURSELF IN A BUSY URBAN AREA. IMAGINE YOURSELF PERHAPS 200 FEET FROM A BUSY HIGHWAY. CLOSE YOUR EYES IF THAT HELPS YOU. IT MIGHT SOUND SOMETHING LIKE THIS. NOW IMAGINE YOURSELF AT THAT SAME INTERSECTION WHEN THAT EVTOL AIRCRAFT FLIES OVER. DID YOU NOTICE THE DIFFERENCE? GOOD. NEITHER DID I. THAT’S THE POINT. YOU MAY NOT BELIEVE I PUT AN AIRCRAFT IN THERE SO WE WILL LISTEN TO THE AIRCRAFT ALONE. BUT IN AN URBAN ENVIRONMENT THE VEHICLES FLYING OVERHEAD YOU ARE NOT GOING TO NOTICE THEM. NOW, FOR REFERENCE WE CAN ALSO CONSIDER WHAT THAT WOULD BE LIKE FOR OUR 5000 POUND HELICOPTER. IN THE CITY ALONE TO REFRESH. NOW, THE SOUNDS, IT SOUNDS LIKE DIFFERENT DEPENDING ON WHERE YOU ARE IN THE ROOM. WE’RE LOSING A BIT OF FREQUENCY. WE WILL GET THE FILES POSTED AFTERWARDS SO YOU CAN LISTEN TO THEM ON HEADPHONES AT HOME. THE HELICOPTER FLYBY SEEMED FAMILIAR TO ME. WE CAN LISTEN TO IT ALONE. FORTUNATELY MOST OF US DON’T SPEND OUR ENTIRE LIVES 200 FEET FROM A BUSY HIGHWAY INTERCHANGE. IT’S ALSO WORTH THINKING ABOUT WHAT IT WOULD SOUND LIKE IN A MUCH QUIETER ENVIRONMENT. SO IN THAT SPIRIT WE CAN LISTEN TO LET’S START BY THINKING ABOUT OURSELVES IN A QUIET AREA. PERHAPS A PARK, LEAVES RUSTLING. MAYBE SOME BIRDS CHIRPING. A CAR IN THE DISTANCE. PLEASE BE VERY QUIET. AND SO — NOW CLEARLY WE CAN STILL HEAR THE VEHICLE BUT I COULD STILL HEAR THE BIRDS CHIRPING. I THINK THAT’S A LOT OF PROGRESS. FOR COMPARISON WE CAN LISTEN TO THE HELICOPTER AND JUST THE BIRDS. AND OF COURSE IN THAT SITUATION WE LOSE THE PARK ENTIRELY. THAT’S WHAT WE DON’T WANT. SO I THINK THERE’S A DRAMATIC DIFFERENCE FROM ADVANCES WE CAN MAKE. HUBER IS OBSESSED WITH MAKING THESE VEHICLES AS QUITE AS POSSIBLE BECAUSE WE WANT THE COMMUNITIES TO EXCEPT AND EMBRACE THE NEW MODE OF TRANSPORTATION INTO THE NEIGHBORHOODS, INTO THEIR LIVES AND COMMUNITIES. UNDERSTANDING THE SOUND PRODUCED BY THE VEHICLE ALONE IS NOT SUFFICIENT. WITHOUT UNDERSTANDING THE ACOUSTIC ENVIRONMENT THAT WE ARE GOING TO PLACE THE VEHICLES INTO. SO OUR DATA TEAM HAVE BEEN WORKING ON SOMETHING WE CALL PROJECT SYMPHONY. TO UNDERSTAND THE EXISTING URBAN SOUNDSCAPE’S TO INFORM OUR OPERATIONS AND SHAPE OUR VEHICLE DESIGNS IN THE NEXT PRESENTATION IS ALL ABOUT THAT. THANK YOU. [ APPLAUSE ] >>PLEASE WELCOME ROHIT GOYAL , OPERATIONS PLANNING ASSOCIATE, UBER ELEVATE. >>GOOD AFTERNOON EVERYONE. MY NAME IS ROHIT GOYAL AND I AM RESPONSIBLE FOR PLANNING UBER AIR OPERATIONS. MANY SPEAKERS AND PANELISTS SAID YESTERDAY. THE COMMUNITY ACCEPTANCE IS A KEY FOR THE MARKET. LET ME SAY THAT ONCE AGAIN. COMMUNITY ACCEPTANCE IS KEY FOR FOR AIR TO BE ADOPTED AS A MASS TRANSPORT SYSTEM. MULTIPLE STUDIES HAVE BEEN DONE BY NASA THAT IDENTIFIED NOISE AND SAFETY IS A PRIMARY CONCERN FROM THE COMMUNITY. BUT AT ELEVATE WE ARE COMMITTED TO INFLUENCING OPERATIONS RESPONSIBLY IN PART ON ACOUSTIC AND PATH. ROB SAID THAT EVTOLS WILL BE SIGNIFICANTLY QUIETER THAN HELICOPTERS. CERTAIN EVTOL PROTOTYPES HAVE BEEN MEASURED TO BE 15 DB LESS NOISY THAN A HELICOPTER OF THE SAME WEIGHT. TO MODEL THE NOISE IMPACT WE STARTED BY USING AN FAA STANDARD , WE FIRST CREATED A PROXY USING A SURROGATE HELICOPTER THAT HAS THE SAME SPECTRUM. THEN ADJUSTED THE NOISE VALUES WITH WHAT WE EXPECT WOULD BE FOR EVTOLS. WE CAN CLEARLY SEE THE NOISE IMPACT IS SIGNIFICANTLY LESS AND THEN THE NOISE IMPACT OF HELICOPTERS FOR THE SAME AMOUNT OF OPERATIONS. NOW LET’S INCREASE THE NUMBER OF OPERATIONS FOR EVTOLS. WE SEE THAT 50 TIMES THE DAILY OPERATIONS OF HELICOPTER WE GET A SIMILAR NOISE IMPACT NOW WHAT DOES THIS TELL US? IT TELLS US THAT THE REQUIREMENTS SET BY US PRESENTS US AN OPPORTUNITY TO CONDUCT A LARGE VOLUME OF OPERATIONS. WE WANT TO TAKE THIS A STEP FURTHER. BECAUSE WE BELIEVE REGULAR COMPLIANCE DOES NOT GUARANTEE COMMUNITY ACCEPTANCE. MODERN-DAY METRICS ARE TO AGGREGATED. THEY LOSE THE VARIABILITY IN NOISE LEVELS. AND THEY DO NOT CAPTURE THE PERCEPTION OF SOUND ON HUMANS. YOU CANNOT TELL FROM THE CURRENT DAY METRICS IF A SOUND IS DISTURBING OR ANNOYING TO YOU. THAT’S WHY WE LAUNCHED PROJECT SYMPHONY. PROJECT SYMPHONY IS UNIQUE PROJECT WITHIN THE ELEVATE TEAM. IT’S A CROSS FUNCTIONAL EFFORT BETWEEN OPERATIONS VEHICLES, POLICY, AIRSPACE. AND UBER AIR TEAM TO ACCURATELY MODEL THE NOISE IMPACT OF UBER AIR OPERATIONS. LAST YEAR WE SPENT AN IMMENSE AMOUNT OF TIME EXPLAINING TIME VARYING LOUDNESS. IT’S A CHOICE OF METRIC WHICH IS MORE STRINGENT THAN EXISTING METRICS TO EVALUATE VEHICLES AND OPERATION. WE BELIEVE THAT TIME VARYING LOUDNESS IS A BETTER METRIC THAN NOISE LEVEL BECAUSE IT CONSIDERS DEPENDENCE ON FREQUENCY RATING. MEANING TO SOUND TYPES THAT CAN HAVE THE SAME LEVEL BUT CAN STILL SOUND VERY DIFFERENT DEPENDING ON THE SPECTRUM. FINALLY CONSIDER THE SHAPE OF THE SOUND. THE TWO SOUND TYPES THAT AT THE SAME LEVEL, SAME SPECTRUM CAN STILL BE PERCEIVED VERY DIFFERENTLY BASED ON HOW RAPIDLY CHANGES. SO WE DESIGNED AN EFFORT TO PREDICT AMBIENT LOUDNESS AT ANY GIVEN LOCATION AND TIME AND THEN MODELED THE INCREMENTAL LOUDNESS OF UBER AIR OPERATION. THE FIRST STEP IN THE PROCESS WAS TO COME UP WITH A CUSTOM SET OF SENSORS. ON THE LEFT YOU CAN SEE FIXED SENSORS BUILT MODELED 8-10 FEET ABOVE THE GROUND AND DESIGNED TO COLLECT DATA FOR ONE YEAR. ON THE RIGHT, YOU SEE A SAMPLE OF MOVABLE SENSORS WHICH WERE MOUNTED ON CARS. THE CARS WERE MOVED AROUND TO DIFFERENT PARKING AREAS. TO COLLECT DATA FOR ONE TO SEVEN DAYS. OUR SENSORS WERE DESIGNED WITH THE CAPABILITY TO COLLECT THOUSANDS OF SAMPLES PER SECOND. IT REDUCES ALL THE SAMPLES TO A RUNNING LOUDNESS VALUE AND CAPTURES ALL THE IMPORTANT BACKGROUND SPECTRUM. THE FIRST SAMPLING RATE ALLOWS US TO CAPTURE THE RAPIDLY CHANGING NOISES. BEFORE WE DEPLOY THE SENSORS TO OUR MARKET OF INTEREST, WE STRESS TESTED THIS WITH A LEGAL PRIVACY AND LOCAL POLICY TEAMS IN THE MARKET. TO MAKE SURE WE ARE WITHIN THE PRIVACY PARADIGM OF THE LOCALITIES WE WANT COLLECT DATA FROM. ONCE WE HAVE THE SENSORS, WE WANTED TO GET OUT THERE AND START COLLECTING DATA. WE CAN’T GO AND COLLECT DATA AT EVERY LOCATION. IT’S NOT POSSIBLE. SO WE NEEDED TO COME UP WITH SOME SMART WAYS OF SELECTING STRATEGY SIZE THAT WOULD ACOUSTICALLY DIFFERENT BUT CAN GIVE US THE DATA THAT CAN FULLY GENERALIZE OUR MODELS. SO WE ADAPTED OUR INCISE TEAM TO COME UP WITH THOSE LOCATIONS. MOURN THIS I WILL HAND IT TO JANE WHO WILL WALK US THROUGH THE PROCESS. >>PLEASE WELCOME JANE HUNG, AI RESIDENT, UBER ELEVATE. ♪ ♪ >>HI. I’M JANE, I’M A RESEARCH SCIENTIST FOR AI LABS. BEFORE WE BEGIN MODELING AND BEFORE WE CAN DO SITE SELECTION WE NEED TO CONSIDER FEATURES. BY FEATURES WHAT WE MEAN THERE JUST ATTRIBUTES THAT AFFECT NOISE. FOR EXAMPLE ROAD TRAFFIC AT A PARTICULAR LOCATION OVER A PARTICULAR HOUR OF THE DAY. OUR FEATURES ARE THE INPUTS INTO OUR PREDICTIVE NOISE MODEL. IN OTHER WORDS OUR FEATURES ARE OUR COVARIANCE. A GOOD MODEL NEEDS DESCRIPTIVE FEATURES. AND WHILE THERE ARE VARIOUS WAYS TO DO THAT, THE WAY WE CHOSE WAS TO USE OUR SUBJECT MATTER EXPERTISE AND CONTEXT KNOWLEDGE TO COMBINE FEATURES FROM VARIOUS SOURCES. IN TOTAL WE COLLECTED OVER 40 FEATURES FROM THREE MAIN SOURCES. THE FIRST IS FROM THE NATIONAL PARK SERVICE WHICH IS A REALLY FANTASTIC DATA SET OF STATIC DATA ACROSS THE ENTIRE UNITED STATES. THE STATIC DATA IS BASED ON GEOGRAPHY SO IT DOESN’T DEPEND ON TIME BUT IT DOES DEPEND ON LOCATION. SOME EXAMPLES OF FEATURES FROM THIS ARE DISTANCE FROM MAJOR ROADS AND ELEVATION. SECONDLY WE REALLY WANTED TO MAKE SURE THAT TRAFFIC WAS PART OF THE FEATURES, AIR TRAFFIC AND ROAD TRAFFIC ARE BOTH DYNAMIC FEATURES THAT CHANGE WITH TIME AS WELL AS LOCATION. SINCE WE ARE AT UBER WE HAVE A BUNCH OF DATA AND UTILIZED IT TO WHEN WE USED OUR UBER TRAFFIC DATA AS A PROXY FOR OVERALL ROAD TRAFFIC. FINALLY WE USED DYNAMIC WEATHER DATA FROM A PUBLIC API WHICH ALLOWED US TO UTILIZE FEATURES LIKE WIND SPEED AND TEMPERATURE. SO NOW THAT WE HAVE OUR FEATURES, WE CAN FINALLY BEGIN THE PROCESS OF FLIGHT SELECTION. AS YOU CAN SEE DALLAS-FORT WORTH IS A VERY LARGE AREA SO WE NEEDED TO STRATEGICALLY SELECT SITES OF WHERE WE WANTED TO PUT SENSORS AND COLLECT THE MOST INFORMATIVE NOISE INFORMATION. BY INFORMATIVE WE MEAN FLIGHTS THAT CAPTURE THE DIVERSITY OF CONDITIONS AND DIFFERENT SOURCES OF NOISE. SO TRADITIONALLY HOW YOU DO IT, HOW YOU WOULD RESENT IS BY USING STATIC FEATURES. JUST USING FEATURES ON GEOGRAPHY. THE NATIONAL PARK SERVICE IS REALLY THE BEST EXAMPLE OF THIS. HOWEVER, WE DID IT DIFFERENTLY THAN EVERYONE ELSE. WE TOOK IT A STEP FURTHER AND WE ADDED DYNAMIC FEATURES FOR TRAFFIC AND WEATHER ALONG WITH THE STATIC FEATURES. SO TAKING BOTH THE STATIC AND DYNAMIC FEATURES INTO ACCOUNT WE COULD SPLIT UP THIS REGION INTO A GRID OF ABOUT 300 METERS APART THEN ASSOCIATE EACH OF THOSE SIDES WITH A FEATURE SET AND THEN CLUSTER THE SIDES BASED ON SIMILARITY OF FEATURES. THEN DIFFERENT CLUSTERS WOULD REPRESENT THE DIVERSITY OF LOCATIONS IN THE DALLAS-FORT WORTH AREA. COLLABORATING WITH STAKEHOLDERS AT THE CITY LEVEL IN THE DALLAS FORT WORTH METROPLEX WE WERE ABLE TO GO TO OVER 120 OF THE SITES AND CAPTURE MEASURE NOISE INFORMATION AT THESE DIVERSE SITES. THIS DIVERSITY HELPS US CREATE A PREDICTIVE NOISE MODEL THAT COULD GENERALIZE OVER THE DALLAS-FORT WORTH REGION. INCLUDING ALL THE POINTS WE DIDN’T GO TO. FOR MORE ON THE ADDICTIVE NOISE MODEL I AM GOING TO HAND IT OFF TO ALIREZA ROSTAMZADEH. >>ALIREZA ROSTAMZADEH. >>HI. I AM ALIREZA. THE MAIN PURPOSE OF PROJECT SYMPHONY WAS TO BUILD A PREDICTIVE MODEL THAT USES MACHINE LEARNING TO PREDICT NOISE LEVELS IN LOUDNESS FOR ANY GIVEN TIME, FREQUENCY AND LOCATION. WHERE THE FIRST TO CONSIDER THE TEMPORAL AND SPECTRAL ASPECTS OF NOISE. ALL OTHER MODELS OUT THERE ARE ESPECIALLY DEPENDENT. WE FRAMED OUR PROBLEM IS A PROGRESSION THAT WOULD AVERAGE NOISE LEVELS IN DB OVER A PERIOD OF TIME. YOU MAY ASK WHAT IS A GOOD PERIOD OF TIME? WE COULD GO SEVERAL HOURS, A LARGE PERIOD. ONE DAY EVEN. BUT WE WOULD LOSE A LOT OF INFORMATION BECAUSE NOISE AND LOUDNESS CHANGES LOT. DURING THE PERIOD. YOU COULD ALSO GO VERY SMALL. A FEW MINUTES, MAYBE A FEW SECONDS. THEN OUR MODEL BECOMES TOO SENSITIVE TO SUDDEN NOISES. WE CHOSE ONE HOUR. WE DECIDED TO ALLOT THE DAYS AND WEEKENDS AND WEEKDAYS. WE DID THIS SOMEWHERE ELSE AND NOISE PATTERNS ARE DIFFERENT, VERY DIFFERENT OVER THOSE TWO PERIODS. SO WE BUILT, WE BUILT A ROADMAP FOR OUR MODELING AND DECIDED TO START SIMPLE. LET’S SAY THESE ARE NOISE MEASUREMENTS FROM THE SENSORS IN DALLAS. WE DECIDED TO START WITH SOMETHING LIKE A LINEAR MODEL. SIMPLE, EASY TO INTERPRET. BUT IT’S INACCURATE. WE BUILT ON TOP OF THIS MODEL USING SIMPLER MODELS WE MADE MORE AND MORE COMPLICATED UNTIL YOU GOT TO A MODEL THAT COULD CAPTURE THE CHANGES IN NOISE LEVELS OVER DIFFERENT TIMES. DURING THAT PROCESS WE HAD TO DO WITH A LOT OF ISSUES. FOR EXAMPLE FINDING THE BEST FEATURES. THE MOST IMPORTANT ONES IN PREDICTING NOISE. OR TO DEAL WITH OTHER ISSUES. THEN WE HAD A MODEL THAT CAN BE GENERALIZED TO ANY CITY AND LOCATION THAT WAS ROBUST. AND SCALABLE. ONCE WE HAVE THE STABLE VERSION OF OUR PREDICTIVE MODEL. THAT COULD PREDICT NOISE FOR ANY GIVEN TIME AND LOCATION. WE DECIDED TO SEE HOW IT’S PERFORMING AGAINST THE STANDARD. THE INDUSTRIAL STANDARD. LET’S BEGIN LOCATION IN DOWNTOWN DALLAS AND SEE HOW THE BTS IS DOING. AS YOU CAN SEE, IT DOESN’T CHANGE. IT’S A FLATLINE FOR ONE DAY. LET’S LOOK AT THE ACTUAL VALUES. ACTUAL NOISE MEASUREMENTS IN DB SOUND PRESSURE LEVEL. AS YOU CAN SEE, THERE IS LOTS OF FLUCTUATIONS. THOSE ARE LOST IN THE STREET SOUND. NOW LET’S HAVE A LOOK AT OUR MODEL PREDICTIONS. AS YOU CAN SEE OUR MODEL CAN PREDICT AND TRACK THE TREND OF NOISE CHANGES DURING THE DAY FOR THAT LOCATION. AND WE’RE CONSTANTLY WORKING TO IMPROVE THE MODEL ACCURACY AND TO CLOSE THE GAPS BETWEEN ACTUAL AND PREDICTION. AS A MATTER OF FACT WE ARE EXPANDING OUR NOISE COLLECTION EFFORT TO SAN DIEGO. GOING TO A NEW CITY WOULD GIVE US A MORE DIVERSE SET OF TRAINING DATA. DATA FROM A DIFFERENT TRAFFIC PATTERN OR DIFFERENT FEATURES. THAT WOULD IMPROVE OUR MODEL ACCURACY. WE REPEATED THE SAME PROCESS AND BUILD A MACHINE PREDICTIVE MODEL FOR TVL, TIME VARYING LOUDNESS. AS YOU CAN SEE OUR MODEL PREDICTIONS ARE ACTUALLY MUCH BETTER AT PREDICTING ACTUAL COMPARED TO THE SPL MODEL. HAVING A PREDICTIVE MODEL THAT COULD PREDICT NOISE AND LOUDNESS FOR ANY GIVEN TIME, LOCATION AND FREQUENCY IS A CRUCIAL COMPONENT FOR CONCERNS. IT’S VERY IMPORTANT IN HAVING A MORE EFFICIENT UBER AIR OPERATIONS. HE’S GOING TO TALK ABOUT HOW TO USE THE MODELS TO MAKE BETTER DECISIONS. THANK YOU. [ APPLAUSE ] >>THE OPERATIONS TEAM IS THE PRIMARY USER AS I JUST SUBSCRIBED. WE TAKE THE MODEL AND IT MAKES BETTER PREDICTIONS AND DECISIONS ON HOW WE WANT TO OPERATE JUST LOOK AT THIS EXAMPLE. WE CAN SEE DURING CERTAIN HOURS OF THE DAY WHEN THE LOUDNESS IS PRETTY HIGH THAT PRESENTS ME AN OPPORTUNITY TO DO LARGE-SCALE OPERATIONS. I ALSO SEE IF DURING THE QUIET HOURS OF THE DAY IF I DO THE SAME NUMBER OF OPERATIONS THAT WOULD SIGNIFICANTLY DISRUPT THE COMMUNITY. BUT WHEN WE MAKE OPERATION DECISIONS WE MAKE IT AT A NETWORK LEVEL FOR A FULL MARKET. SO WE NEEDED THE CAPABILITY TO PREDICT LOUDNESS AT ANY GIVEN LOCATION AND AT ANY GIVEN TIME. LET’S LOOK AT THE HEAT MAP, LET’S LOOK AT THE HEAT MAP THAT SHOWS YOU THE PREDICTED LOUDNESS VALUES AT ANY GIVEN LOCATION IN THE METROPLEX. WE CAN SEE DURING CERTAIN HOURS OF THE DAY, MAINLY MORNINGS AND LATE EVENING THE NOISE LEVELS ARE RELATIVELY ON THE LOWER END. BUT DURING PEAK HOURS OF THE DAY WHEN PEOPLE’S ACTIVITY INCREASES WE SEE THAT THE NOISE LEVELS ARE VERY HIGH. AS HE ALSO MENTIONED THIS IS NOT A PERFECT MODEL YET. THAT’S WHY WE ARE GOING TO SAN DIEGO WHICH IS OUR MARKET TO DO THE SAME NOISE DATA COLLECTION THERE. LET’S TAKE THIS HEAT MAP AND PUT IT IN PERSPECTIVE ON HOW WE CAN MAKE GOOD OPERATIONS DECISIONS. REVATI AND IAN SPENT SOME TIME LOOKING INTO THIS. LET’S LOOK AT A FIVE NOTE NETWORK THAT IS PURELY DRIVEN BY DEMAND. AND OTHER FEATURES AS WELL BUT DOES NOT CONSIDER ACOUSTICS OR LOUDNESS. WE CAN SEE CERTAIN NOTES IN THE AREA OF LOW BACKGROUND NOISE. IF WE DO OUR OPERATIONS IN THOSE AREAS WE WILL LIKELY DISRUPT THE COMMUNITY. WHEN WE INTRODUCE LOUDNESS INTO OUR OPTIMIZER WE CAN SEE, WE CAN MOVE CERTAIN NOTES TO LOUDER AREAS AND MINIMIZE THE DISRUPTION OF THE COMMUNITY. THIS WILL ALWAYS BE A TRADE-OFF DECISION BETWEEN THE COMMUNITY DISRUPTION AND WHAT ECONOMICS WE WANT. SIMILARLY LET’S LOOK AT THE SKY NETWORK. THERE’S A BATTERY PACK ON AIRSPACE THAT IS DISCUSSING THIS. IN ONE LINE SKYLAND NETWORK WORKS ON THE PRINCIPLE OF THE CONFLICTING AIRSPACE. OBVIOUSLY WITH OTHER FEATURES LIKE MINIMUM DISTANCE, MINIMUM TIME. THE BLACK LINE HERE SHOWS YOU THE SKYLINE WITHOUT CONSERVATION JUST WITH THE FEATURES THAT I JUST DESCRIBED. WHEN YOU CONSIDER LOUDNESS AS PART OF THE OPTIMIZATION WE SEE THAT OUR MODEL TAKES A DIFFERENT ROUTE TO THE ONE THAT WE ORIGINALLY HAD. WITH AN ADDITIONAL INDIRECTNESS ADDED BY 10%. THIS DOESN’T NECESSARILY REPRESENT THE WAY WE WILL FLY. THERE ARE MANY OTHER CONSIDERATIONS WE HAVE TO TAKE. BUT THIS IS A DEMONSTRATION OF THE CAPABILITY THAT WE HAVE AND OUR COMMITMENT TO INCLUDE THE PLANNING PROCESS. SO WHAT DOES THIS ALL MEAN? WE THINK WE HAVE ESTABLISHED A FEASIBILITY PATH FOR SOCIETAL ACCEPTANCE. THERE ARE FOUR PATHS THAT COME TOGETHER HERE. FIRST, DESIGNING A POINT. SECOND, DESIGNING SKY PORTS THAT THEY HAVE MINIMAL IMPACT IN THE COMMUNITY AROUND THEM. THIRD, PLANNING OUR ROUTES SUCH THAT THEY DO NOT CROSS THE NOISE SENSITIVE ZONES. AND FINALLY. OPERATIONS SUCH THAT THEY DO NOT OPERATE IN CERTAIN DAYS THEY OPERATE ON CERTAIN LOCATIONS ONLY. WE HAVE BEEN ENGAGING WITH COMMUNITIES ALREADY AND THE LOCAL CITY LEVELS AS WELL. KATE MENTIONED THAT YESTERDAY ABOUT THE GROUP THAT WE HAVE. SIMILARLY WE HAVE FUNDED THE DEVELOPMENT OF INDUSTRIAL STANDARD TOOLS FOR NASA’S ADVANCED ACOUSTIC MODELS TO INTEGRATE TIME VARYING LOUDNESS INTO IT. WE WILL CONTINUE TO DEVELOP THIS METRIC TO FURTHER TAKE IT AND WE HAVE LAUNCHED SEVERAL PRODUCTS LED BY OUR HUMAN SERVICES. FINALLY, NOTHING CAN BE DONE WITHOUT REIKO. WE ARE WORKING CLOSELY WITH OUR PARTNERS ON DAILY BUSINESS WHO DESIGN A QUIETER AIRCRAFT. THANK YOU VERY MUCH. [ APPLAUSE ] >>PLEASE WELCOME SCOTT SAVIAN EXECUTIVE VICE PRESIDENT, SAFRAN CABIN. ♪ ♪ >>GOOD AFTERNOON I’M HERE REPRESENTING SAFRAN CABIN AND OUR DESIGN STUDIO IN HUNTINGTON BEACH, CALIFORNIA. IT’S A DESIGN LAB FEATURING A SERIES OF COLLABORATIVE TALENTS IN INDUSTRIAL DESIGN AND ADVANCED CONCEPT ENGINEERING. AND OUR PROTOTYPE WHO BUILT THE MOCKUP DEMONSTRATOR OUTSIDE. WHEN WE TALK ABOUT A VISION DRIVEN CABIN WE ARE REALLY TALKING ABOUT A COLLABORATIVE PARTNERSHIP. IF YOU WANT TO CREATE VALUE AT A VEHICLE LEVEL AND AROUND MISSION IT REALLY COMES DOWN TO COLLABORATION. IN MY EXPERIENCE I HAVE NEVER PARTICIPATED IN A PROJECT IS COLLABORATIVE IS ONE WITH OVER TO CREATE A REFERENCE MODEL. BEFORE WE WERE HIRED ON AS A PARTNER WE STARTED OUT WITH THE ORIGINAL CRM MODEL AND CREATED A VERY SIMPLE MOCKUP. INTERESTINGLY IT ALMOST LOOKED LIKE AN OLYMPIC TOBOGGAN. YOU CAN IMAGINE THIS WAS VERY MUCH IN AERODYNAMICS IS DREAM. BUT MAYBE NOT ONE YOU WANT TO FLY IN. EFFICIENT, LIGHT. AS WE GOT INTO THE DEVELOPMENT AND EMBARKED ON A NINE-MONTH PROJECT WE WENT THROUGH A SERIES OF MOCKUP ITERATIONS. TO START TO UNDERSTAND THE USER EXPERIENCE AND TO UNDERSTAND THE OPERATIONS, PLAY AROUND WITH THE DOORS AND CABIN LAYOUTS. FOR THE FIRST BIT WE START TO UNDERSTAND IF WE ARE GOING TO BE ON A 15 MINUTE FLIGHT WITH VERY RAPID TURNS WE NEED TO ENGAGE THE PASSENGER IN A MUCH SIMPLER WAY AND A MUCH SAFER WAY. IT BECAME ABOUT UNDERSTANDING THE OPERATIONS OF HOW THIS VEHICLE WOULD WORK. FROM THERE WE STARTED TO TURN OUR ATTENTION TO THE USER EXPERIENCE. AS WE GOT A LITTLE MORE OPULENT WITH THE USER EXPERIENCE YOU CAN IMAGINE THE CABIN STARTED TO GROW AND WE START TO STUFF A WHOLE BUNCH OF THINGS IN THERE. WE ENDED UP CALLING IT THE CHUCKWAGON AT THE END OF IT. HE NEEDS TO GO ON A DIET. FOR THE REST OF THE DEVELOPMENT. WE WENT THROUGH A SERIES OF ITERATIONS TO GET WHAT WE WILL BELIEVE WAS A FINALLY TUNED CABIN. THIS IS THE FINAL MOCKUP BEFORE THE DEMONSTRATION. QUITE FRANKLY IT WAS A BALANCED SOLUTION. THAT BALANCE WAS ACROSS A SERIES OF NEEDS. SINCE WE WERE AT THE START OF THE PROJECT WITH HUBER WE WERE ABLE TO LOOK AT NOT ONLY THE CABIN ITSELF BUT THE VEHICLE AND THE IMPACT THE SIZE OF THE CABIN WOULD HAVE ON IT. WE WERE ABLE TO LOOK AT OPERATIONS. HOW WE WOULD TURN THE VEHICLE QUICKLY AND PROMOTE SAFE AND ROBUST BEHAVIOR. WE WERE ABLE TO LOOK AT THE EXPERIENCE OF THE PASSENGERS. I REALIZE ALL OF THOSE WERE DEVELOPED IN PARALLEL. I WILL TAKE YOU DOWN THE THREE PASSENGER INDEPENDENTLY SO YOU CAN UNDERSTAND THEM. WHEN WE LOOK TO THE VEHICLE IS ABOUT MISSION DRIVEN SIZING. HOW DO WE GET THIS VEHICLE TO THE RIGHT SIZE LIKE JORDAN SAID YESTERDAY SO I CAN TAKE OFF. REALIZING THE IMPACT OF SIZE BECOMES WEIGHT AND AERODYNAMICS. IT’S EXPONENTIAL GROWTH TO GET THE CABIN RIGHT WAS VERY IMPORTANT IN THIS PROJECT. SO WHEN WE LOOK AT THAT INITIAL LAYOUT YOU CAN SEE HOW THIS WOULD BE VERY EFFICIENT. WE WOULD HAVE FOUR DOORS AND A VERY INTERESTING CABIN ENVIRONMENT. WE START TO GROW. WE WENT THROUGH THE TRADITIONAL LAYOUTS. WE STARTED TO SHRINK IT OVER TIME. WE CONTINUED TO SHRINK IT UNTIL WE WENT TOO FAR. THERE WAS A PURPOSE IN THAT. WE HAD TO GET IT AS TIGHT AS WE COULD SO WE COULD BACK OFF A LITTLE BIT. THE NEXT ITERATION BACKED OFF. AND WE DID A COUPLE THINGS AT THE SAME TIME. WE SPREAD THE SEEDS OUT WHICH I WILL TALK ABOUT IN A LITTLE BIT. WE START INTRODUCING THE BAGGAGE COMPARTMENT. IF YOU LOOK AT THE PICTURE ON THE RIGHT THERE WORKING WITH THE AERODYNAMICS WE WENT FROM A TIGHTER CABIN IN GRAY TO PUSH IT OUT INTO THE WING BOX SO WE WORKED WITH HIS TEAM. IN DOING SO WE WERE ABLE TO SPREAD OUT THE HEADROOM A LITTLE BIT. AND MAKE A MUCH MORE SPACIOUS CABIN WITHOUT AFFECTING THE FOREFRONT. TRADITIONALLY WHEN YOU LOOK AT A CABIN AS SOON AS WE’RE DONE WITH THE AIRFRAME WE WANT TO ALIGN THE ENTIRE THING. IT WOULD LOOK SOMETHING LIKE THIS. WHEN WE DO THIS WE HAVE MATERIALS. THIS WAS A COMPOSITE STRUCTURE. WE DECIDED TO TAKE ADVANTAGE OF THAT. IF WE PEEL AWAY, IF WE PEEL AWAY THE VISUAL THERE AND START TO LOOK AT WHAT THE UNDERLYING STRUCTURE COULD BE WE TOOK A PRETTY DRAMATIC STEP TO MINIMIZE THE CABIN LINERS. THE MOCKUP YOU SEE OUTSIDE YOU ACTUALLY SEE THE STRUCTURE. BUT THE COMPOSITE STRUCTURE WOULD CREATE MORE SPACE AND A MORE EFFICIENT VEHICLE. WHEN WE JUMP TO THE OPERATIONS AND WE LOOK AT THE OPTIMIZATION THERE WE REALLY GET INTO THE ANALYTICS ABOUT THE WHOLE THING PERFORMS. I THINK YOU’VE SEEN THIS ONE BEFORE. BUT IT’S VITAL IN OUR DEVELOPMENT PROCESS. EACH OF THE CABINS WE BUILT WE RAN MULTIPLE PEOPLE IN AND OUT WITH GOLF CLUBS, GUITARS, BAGGAGE. TO UNDERSTAND HOW THIS WORKS. AND IT REALLY CAME DOWN TO THREE THINGS. WE HAD TO GET TWO ROWS OF PASSENGERS IN THE LAYOUT AND WE HAD TO GET BAGGAGE OUT. WE WANT TO DO THAT IN THE SAFEWAY. AS WE EVOLVED FROM THE HELICOPTER LAYOUT INTO ALL THE FORWARD FACING SEATS. PARTICULARLY TO ALLOW EVERYONE TO HAVE THE SAME EXPERIENCE WE REALIZED TRADITIONAL DOORS WOULD REQUIRE DIFFICULTY IN LOADING BAGGAGE. IF WE DID SLIDING DOORS TO COVER THE BAGS. DOORS THAT OPEN WE HIDE THE BAGS. THE FINAL LAYOUT PUSHED OUR SEATS A BIT FORWARD, OPENED UP THE BAGGAGE COMPARTMENT WITH THE DOOR. SO IT’S WELL WITHIN THE SAFE CONFINES OF THE DOOR. YOU CAN SEE THE ACTUAL REALIZATION AS WE APPROACH THE VEHICLE EVERYONE WOULD KNOW WHERE TO GO AND HOW TO USE IT. THE BAGGAGE LOADING WAS VERY IMPORTANT. THEN THERE’S A SERIES OF TOUCH POINTS AS YOU GO THROUGH SAFETY AND CONSISTENCY IN FUNCTION. SEE CAN GET ABOARD QUITE EASILY. AT THE HEART OF IT ALL IS A MODULAR APPROACH WITH EXISTING COMMERCIAL AIRCRAFT MATERIALS. FROM THE LINER SYSTEMS THAT COULD BE UPGRADED TO INCLUDE THINGS LIKE CHARGERS AND CUPHOLDERS. TO THE HEADLINER. VERY DURABLE FLOOR. HIGHLY DURABLE BAGGAGE COMPARTMENT AS WELL. AND THE SEATS ARE PART OF THE EXPERIENCE. WHEN WE LOOK AT THE SEAMLESS INTEGRATION OF THE CABIN WE ARE REALLY TALKING ABOUT SAFETY AND COMFORT. THE CABINS FUNDAMENTALLY DISAPPEAR. THE DOORS ARE OPEN AND INVITING. SHOWING YOU WHERE TO GO. BAGGAGE COMPARTMENT IN A SAFE ZONE. A PROPERLY SIZED STEP. WELL LIT. A SERIES OF HANDLES THAT CLEARLY IDENTIFIES WHERE THE SEATS ARE. MANY PEOPLE WOULD BE ENTERING FOR THE FIRST TIME AND IT HAS TO BE SIMPLE AND SHOULD NOT CAUSE ANY STRESS OR ANXIETY AS THEY GO. THE LIGHTING SYSTEM AT THE TOP. WHEN SOMETHING NEW IS GOING TO HAPPEN IN THE FLIGHT LIKE YOU ARE ABOUT TO TAKE OFF THE LIGHTS CHANGE TO THE SAFETY BLUE. SO YOU KNOW SOMETHING DIFFERENT IS HAPPENING. THAT FINAL LAYOUT WAS BORN FROM SOME TECHNOLOGY. OUR SAFRAN C DIVISION HAS A VERY NICE HELICOPTER SEAT THAT WAS THE FOUNDATION OF THE SEAT WE PUT IN HERE. IT WAS AN EVOLUTION, YOU CAN SEE IT’S A HIGHER SEAT. A LITTLE MORE PADDED. MAKE NO MISTAKE THIS IS NOT A HELICOPTER SEAT. BUT IT’S BORN FROM THE TECHNOLOGY THAT UNDERSTANDS FUNDAMENTALLY WHAT IS COMING UP. THEN IT BECOMES A SEAMLESS PART OF THE ENTRANCE TO THE VEHICLE. ENABLING YOU TO CLIMB AND AT THE RIGHT HEIGHT. SLIDE OVER TO THE OPPOSITE SEAT. WE DON’T WANT ALL THE DOORS OPEN AT THE SAME TIME. THIS IS WHAT WE CALL THE BENCH. IT’S PROBABLY THE MOST SIGNIFICANT DEVELOPMENT IN THE PROJECT AND WE TURN THE SEATS OUTWARD THEREBY PROVIDING A LITTLE BIT OF PRIVACY. IT ALSO INCREASES THE LEGROOM IN THE FRONT AROUND THE PILOT SEAT. AND LEGROOM IN THE BACK BETWEEN THE STRUCTURE OF THE FORWARD SEATS. WE ADDED THAT ENABLES YOU TO SLIDE ACROSS WITH NO PROBLEM WHATSOEVER TO GET TO THE FAR SIDE. BUT OF COURSE AT THE HEART OF IT WE’RE TALKING ABOUT THE VIEW. IF YOU NOTICE YOU SIT IN THE BACK OR THE FRONT THE VIEW SHOULD BE ABSOLUTELY SPECTACULAR IN BOTH. THAT’S WHAT THE MISSION IS ABOUT. SO THIS IS HOW WE GOT TO THE MISSION DRIVEN CABIN. LIKE I SAID IT WAS AN AMAZING EXPERIENCE. I WOULD LIKE TO THANK ERIC, AND THE REST OF THE UBER TEAM FOR GOING ON A NINE MONTH COLLABORATIVE JOURNEY ON THIS. THANK YOU VERY MUCH. >>PLEASE WELCOME MARK MOORE, DIRECTOR OF ENGINEERING, VEHICLE SYSTEMS. UBER ELEVATE. >>I AM BACK. I’VE GOT TO FLY THROUGH THESE BECAUSE WE ARE A LITTLE BIT BEHIND. GET YOUR CAMERAS READY BECAUSE I’M GOING TO SHOW YOU ALL OF OUR CLASSIFIED DATA ON COSTS. LET’S JUMP RIGHT INTO IT. AGAIN. ESTABLISH ANY BASELINE YOU’VE GOT TO LOOK AT WHAT THINGS COST TODAY. SEE CAN SEE WHITE AIRCRAFT IN THE BLACK. YOU CAN SEE HELICOPTERS IN THE RED. RIGHT AWAY YOU SEE HELICOPTERS ARE DARN EXPENSIVE. A LOT OF THAT IS BECAUSE THEY ONLY MAKE A FEW OF THEM FOR EACH MODEL. MOST OF THEM ARE LESS THAN 100 UNITS PER YEAR. YOU CAN SEE THAT ON A COST PER POUND BASIS OF THE WEIGHT. IT’S EXPENSIVE AS COMMERCIAL AIRLINERS. THAT’S NOT GOOD. IT’S RELATED TO BOTH THE LOW- VOLUME PRODUCTION AND BECAUSE THERE’S LOTS OF CRITICAL PARTS THAT ARE 2 TO 3 TIMES MORE EXPENSIVE THAN A NONCRITICAL PART. OUR GOAL IN THE NEAR TERM WE DON’T TAKE ANY CREDIT. WE THINK COMING OFF THE LINE AND LOW-VOLUME PRODUCTION THESE EVTOL AIRCRAFT ARE GOING TO BE AS EXPENSIVE AS LIGHT AIRCRAFT ARE TODAY. EVEN THOUGH THEY GET RID OF THE MOST EXPENSIVE COMPONENT, THERE’S A LOT OF DEVELOPMENT COST. SOME OF THAT IS GOING TO BE AMORTIZED INTO THE FIRST LOW- VOLUME PRODUCTION YEAR. AS WE GET TO 10,000 UNITS PER YEAR WHICH WE THINK IS VERY REASONABLE BY 2030 WE GET THOSE ECONOMIES OF SCALE, HIGH-VOLUME PRODUCTION OF THESE NONCRITICAL COMPONENTS. THAT’S WHEN WE CAN GET THE COST SAVINGS AND GET THE VEHICLES UNDER $1 MILLION APIECE. MOVING ONTO THE OPERATING COST. YOU’VE GOT TO UNDERSTAND WHAT THE COST TODAY. YOU SEE A HIGHER NUMBER HERE THAT I SHOWED YOU BEFORE. IT’S AT 700 HOURS OF UTILIZATION. ABOUT $1800 IF WE WERE TO PUT A BELL INTO OUR NETWORK AND OPERATED AT 700 HOURS OF UTILIZATION. YOU’VE GOT TO HAVE FULL UTILIZATION WHEN YOU COMPARE THINGS TO HAVE A FAIR COMPARISON. SO WHAT WE REALLY NEED TO DO IS LOOK AT IF WE WERE OPERATING AT 2000 HOURS A YEAR WHICH WE WILL FOR EVTOL AIRCRAFT. MOST HELICOPTERS OPERATE AT A LOW UTILIZATION. THAT IS WHY THEY ARE SO EXPENSIVE. LOOKING ACROSS IF WE OPERATED HELICOPTERS 2000 HOURS THIS IS WHERE THE MONEY WOULD GO. THE BIG HEAVY HITTERS ARE MAINTENANCE AND ENERGY AND THAT IS WHERE EVTOL AIRCRAFT ARE FANTASTIC. WE HAVE THIS GOAL OF AT LEAST A 35% DECREASE FROM EXISTING SMALL HELICOPTERS, TRANSLATING TO A GOAL OF $700 PER FLIGHT HOUR. YOU SEE THE BLUE COMPARISON TO THE RED HELICOPTER SINCE PRETTY MUCH ALL IN THE MAINTENANCE AND ENERGY COST. YOU CAN SEE THE BLUE HAS TWO PARTS OF IT ONE IS THE ACTUAL ELECTRICITY. THE LIGHTER COLOR IS THE BATTERY. YOU’VE GOT TO BE HONEST THE BATTERIES ARE EXPENSIVE. YOU’VE GOT TO AMORTIZE THEM AS PART OF THE COST. DIVING INTO THE MAINTENANCE. THIS IS WHERE WE THINK WE WILL BE ON A PER PASSENGER SEAT MILE TO BE APPROPRIATELY COMPARED. YOU SEE SINGLE ENGINE HELICOPTERS ARE VERY VERY EXPENSIVE IN TERMS OF MAINTENANCE BECAUSE THEY DON’T HAVE AS MANY PASSENGERS AS TWIN ENGINE SO THEY CAN’T AMORTIZE THE COST EFFECTIVELY PER PASSENGER. WE THINK WE WILL BASICALLY BE BETWEEN TWIN ENGINE HELICOPTERS AND GENERAL AVIATION AIRCRAFT. IT’S THE MIDDLE GROUND BETWEEN FIXED WING. ONE STEP DEEPER INTO DECOMPOSING THAT. THIS IS WHERE THE COST IS, PLUS YOU ARE DOING TERRITORIES AND LIKE THEY DO IN NEW YORK. THEY HAVE TO KEEP IDLING SO YOU HAVE THE IDLING FACTOR BECAUSE THAT ACTUALLY COUNTS TOWARD HOURS ON YOUR TURBAN AND YOUR YOUR ROTOR HEAD DO NOT NEED TO IDLE. THEY CAN TURN OFF AND DON’T NEED TO KEEP SPINNING. YOU WILL SEE A HUGE PART OF IT IS IN THE TURBINE. IT’S OVER $200 PER HOUR. THAT’S WHY WE’RE PUSHING SO AGGRESSIVELY TO ELECTRIC COST OF ELECTRIC MOTORS AND RESTORATION IS LIKE LESS THAN FIVE DOLLARS PER FLIGHT HOUR. HUGE DIFFERENCE THERE. SO BIG, BIG CHANGES IN TERMS OF THE MAINTENANCE COST. A LOT OF THAT IS GETTING READY OF THE CRITICALITY. DON’T HAVE TO HAVE THIS FREQUENT INSPECTIONS. JUMPING INTO THE COMPARATIVE COST OF ENERGY YOU’VE GOT TO TALK ABOUT BATTERIES FIRST. THAT’S THAT WE UNDERSTAND WHAT AUTO BATTERIES COST WE DID A DETAILED BUILDUP USING TRUE COST AND TRUE PLANNING TO UNDERSTAND WHAT THESE LIGHTER PACKS THAT ARE CERTIFIED ARE GOING TO COST, WE THINK THERE IS GOING TO BE FOUR TIMES MULTIPLIER ON CAR BATTERY TO AEROSPACE GRADE BATTERIES. BIG DIFFERENCE BUT WE THINK IT’S QUITE REAL. IT GETS US TO A $600-$700 PER KILOWATT HOUR COST. WE THINK AT THE END OF THEIR LIFE AFTER GOING THROUGH 1300 CYCLES WHICH IS THE 85% CAPACITY THAT WE WILL BE ABLE TO BREAK THE MODULES APART AND GET A $50 PER CREDIT TO SELL THEM INTO STATIONARY POWER. THAT TRANSLATES TO THE AMORTIZED COST OF ABOUT $76-$90 PER FLIGHT HOUR, ADD IN THE FUEL. SO YOU CAN SEE THESE EVTOL WE ARE THINKING AT ABOUT $100 PER FLIGHT HOUR FOR THAT TRUE ENERGY COST. ALMOST 3 TIMES THAT FOR A TURBAN. MOVING ON. EVERYBODY BRINGS THIS UP TO US EVERY TIME. PILOT AVAILABILITY AND COST. WE ARE GOING WITH A DECKER TYPE OF HELICOPTER PILOT COST. IT’S 110,000 PER YEAR. FULLY BURDENED. IN ORDER TO FLY THE AIRCRAFT’S 16 HOURS A DAY WE’RE GOING TO NEED 3.1 PILOTS PER AIRCRAFT WE HAVE DONE MANY SURVEYS, ONE OF THE THINGS THE PILOTS REALLY LIKE AND WHY WE THINK WE WILL ATTRACT THEM DURING THE DEPLOYMENT CYCLE OVER THE FIRST FIVE YEARS IS THEY LOVED THE IDEA OF BEING ABLE TO HAVE A 40 HOUR PER WEEK JOB AND STAY IN THE SAME CITY, THAT IS NOT WHAT IS OFFERED BY MANY OF THESE OTHER COMPANIES SO WE THINK WE HAVE A SIGNIFICANT ADVANTAGE ATTRACTING PILOTS AND EVEN GETTING FROM HELICOPTER PILOTS INTO FIXED WING PILOTS AS WE APPLY SIMPLIFIED VEHICLE OPERATION CERTIFICATE WHICH IS BEING WORKED BY US AND MANY OTHER COMPANIES. WE THINK WE’VE GOT A GOOD CASE FOR PILOT AVAILABILITY. HERE’S THE SUMMARY WATERFALL CHART OF WHERE THE COSTS ARE COMPARED TO THE HELICOPTER TODAY, HOW WE GET TO 700 DOLLARS PER FLIGHT OR BELOW. WE THINK THIS IS VERY REALISTIC. THIS ALL POINTS BACK TO WHAT ERIC SHOWED ON THE FIRST DAY WHICH IS THIS COST COMPARISON AND HOW IN THE NEAR TERM. CAN YOU BACK IT UP ONE, PLEASE? HOW IN THE NEAR TERM THERE SHOULD BE AN ARROW THERE BUT IT’S UBER AIR IN THE NEAR TERM THAT EQUATES AT TWO DOLLARS PER PASSENGER MILE. TO ABOUT $700 PER FLIGHT HOUR, THAT’S HOW WE THINK WE ARE GOING TO DO IT. THANKS VERY MUCH FOR YOUR TIME AND ATTENTION. >>PLEASE WELCOME JACEK KAWECKI, VEHICLE COMPONENTS LEAK, UBER ELEVATE. >>GOOD AFTERNOON. ONE OF THE CORE OBJECTIVES OF THE ELEVATE ENGINEERING TEAM IS TO ANALYZE EVTOL PERFORMANCE AS IT RELATES TO OPERATIONS. WE STARTED ANALYZING THE MANY PROPOSED CONFIGURATIONS WE REALIZED WE NEED TO COMPARE THEM IN TERMS OF SAFETY. FOR THAT PURPOSE WE DEVELOPED TWO METRICS THAT MARK TALKED ABOUT A LOT CALLED CRITICALITY AND COMPLEXITY. IN THIS PRESENTATION WE’RE GOING TO TALK ABOUT WHAT THE TWO METRICS MEAN TO US AND HOW THEY RELATE TO AIRWORTHINESS CERTIFICATION AS WELL AS THE BIG PICTURE OF SAFETY. SO LET’S START WITH THE BASIC BUILDING BLOCKS OF ELECTRIC COMPULSION. ELECTRIC COMPULSION STATS. THE OFFER A REMARKABLE FEATURE WHICH IS THE ABILITY FOR AN AIRCRAFT TO TOLERATE PARTIAL POWER FAILURE BY USING REDUNDANCY AND GOOD DESIGN. THE MAJOR COMPONENTS OF PROPULSION’S ARE THE PROPELLER COME THE GEARBOX WHICH WE HAVE INCLUDED IN HERE BECAUSE WE VALUE LOW NOISE SOLUTIONS AND GEARBOXES OFFER EFFICIENCY AT LOW TIP SPEED AND HIGH TORQUE. GEARBOXES WON’T BE PRESENT ON ALL EVTOL BUT HERE, WE’RE GOING TO INCLUDE THEM. THAT’S OF COURSE IS THE MOTOR AND A SINGLE INVERTER THAT PROVIDE POWER. THAT WAS A VERY SIMPLE EXAMPLE BUT WE WANT TO MAKE IT A LITTLE MORE COMPLEX BY SHOWING DUAL WOUND MOTORS. THE SOLUTIONS ARE RESILIENT TO ELECTRICAL FAILURES. THEY’RE VERY USEFUL AND WE WILL SHOW YOU HOW THAT WORKS IN SPECIFIC EXAMPLES. THERE ARE MANY OTHER SOLUTIONS OUT THERE. SOME INCLUDE AUDIBLE MOTORS AND COMBINING GEARBOX. LIQUID COOLING. VARIABLE PROPELLERS BUT FOR THIS EXAMPLE WE ARE GOING TO KEEP IT SIMPLE AND SHOW THE POINT. SO LET’S DO THE FIRST PRINCIPAL RELIABILITY EXERCISE. LET’S LOOK AT DIFFERENT EVTOL AND HOW PROPULSION HAS TO PROVIDE THRUST. THIS IS AN EXAMPLE. IT’S BUILT ON THE ASSUMPTION THAT THERE ARE SENSORS THAT CAN DETECT AND MITIGATE ANY POTENTIAL FAILURES. THE DUAL IN THE QUAD, THEY NEED ALL THE PROPULSION SETS TO WORK TO MAINTAIN CONTROL. IF WE SET A TARGET OF CATASTROPHIC FAILURES PER FLIGHT HOUR EACH SET AS YOU INCREASE THE NUMBER OF PROPULSION SETS HAS TO BE DIVIDED TO GET THE TOTAL RELIABILITY. NOW LET’S COMPARE TO A HEX OR AN OCTAVE. WHICH IF DESIGNED PROPERLY CAN MAINTAIN AFTER HE PROPULSION FAILURE. THE ANALYSIS IS MUCH DIFFERENT. BECAUSE IT’S NOW DEPENDENT ON A TIME FACTOR FOR HOW LONG YOU NEED TO OPERATE BEFORE YOU HAVE YOUR SECOND FAILURE. BECAUSE THIS MISSION IS VERY SHORT IN THIS CASE WE TOOK THE ASSUMPTION OF 15 MINUTES IT CREATES A DIFFERENT ANALYSIS APPROACH. AS YOU CAN SEE THE REQUIRED RELIABILITY PER PROPULSION SET IS FOR MAGNITUDES DIFFERENCE. TO MAINTAIN THE SAME LEVEL OF SAFETY. WE BELIEVE THE DIFFERENCES IN THE REQUIRED SET ARE GOING TO HAVE VERY BIG DIFFERENCES IN TERMS OF COST ON THE ACQUISITION AND MAINTENANCE. LET’S IMPACT THAT AND LOOK AT THE COMPONENT LEVEL. TO IDENTIFY WHICH OF THE POSSIBLE COMPONENTS ARE GOING TO CREATE THE CRITICAL LOSS OF CONTROL. WE HAVE TO FIND WHAT CRITICAL PARTS MEAN. THEY ARE DEFINED AS THE PROPONENTS THAT WILL CREATE SAFE FLIGHT AND LANDING. THE PROPELLER SHED IS POSSIBLY CRITICAL. BUT ANY SINGLE FAILURE OTHERWISE WILL KEEP THE AIRCRAFT FLYING. IN COMPARISON TO THE DUAL IN THE QUAD EVERYTHING HAS TO WORK ALL THE TIME. THE INTERESTING CASE IS THE DUAL MOTOR APPLICATION WERE EACH PROPULSION SET CAN LOSE A SINGLE INVERTER AND KEEP FLYING. THIS ARRANGEMENT IS STILL SUSCEPTIBLE TO MECHANICAL FAILURES. WE USE THIS ANALYSIS TO GENERATE A METRIC WE CALL CRITICALITY SCORE. IN ESSENCE WHAT IT DOES IS TRACKS HOW GOOD AN AIRCRAFT IS GOING TO BE AT ELECTRIC CROSS SHAFTING. WE ALSO APPLY THIS TO SEE IF THERE ARE ANY REDUNDANCIES IN SYSTEMS TO SEE IF IT IS A GOOD AIRCRAFT DESIGN. WE BELIEVE WITH THE LOWER CRITICALITY WE COULD HAVE THE LOWER ACQUISITION AND MAINTENANCE COST. SO LET’S TAKE IT TO COMPLEXITY. NO COMPLEXITY IS DESIGNED TO GIVE CREDIT TO AIRCRAFT’S THAT HAVE SIMPLE DESIGNS. IN ESSENCE IT IS JUST A PARTS COUNT IS WEIGHTED BY THE ENGINEERING DIFFICULTY AND BY THE MAINTENANCE DIFFICULTY ONCE YOU ARE OPERATING THE AIRCRAFT. ON THE LEFT YOU CAN SEE A CITY AIRBUS. IT HAS TWO MOTORS, TWO INVERTERS , AND FIXED PROPELLERS PER CORNER. THIS AIRCRAFT EMBRACES SIMPLICITY. IT HAS A GREAT COMPLEXITY SCORE. ON THE RIGHT LET’S COMPARED TO THE ECR THAT YOU HAVE SEEN IN THE IMAGES TODAY. THIS IS A CONCEPT THAT EMBRACES COMPLEXITY. IT INCREASES PERFORMANCE. IT HAS SO MANY ELECTRO MECHANICAL ACTUATORS FOR A MECHANISM. FLAPS. A WHOLE BUNCH OF MOTORS AND INVERTERS. IT’S GOING TO HAVE NEARLY 3 TIMES THE COMPLEXITY OF A CITY AIRBUS. THAT’S NOT THE WHOLE STORY. WE NEED TO LOOK AT CRITICALITY AND COMPLEXITY AND COMPARED TO PERFORMANCE. NOW, ON THE X AXIS HERE WE ARE COMPARING TO CRUISE SPEED AND LEFTOVER TRACK. IF YOU REMEMBER FROM EARLIER PRESENTATIONS BY MARK, IAN, AND REVATI. WE ARE PREDICTING HOW THE AIRCRAFT IS GOING TO BE. IT SHOWS MULTIPLE THINGS. MULTI-ROTORS AND HELICOPTERS DO NOT MAKE SENSE. THEY DON’T COMPETE WELL WITH WINGED EVTOL IN PERFORMANCE. HELICOPTERS HAVE LOW CRITICALITY AND COMPLEXITY. THEY NEED A LOT OF ENERGY TO HAVE HER. AS OPPOSED TO THAT YOU HAVE HELICOPTERS WHICH HAVE A LOT OF CRITICALITY. THAT GIVES THEM VERY HIGH SCORE AND THEY DON’T REALLY HAVE MUCH OF AN INCREASE IN PERFORMANCE. THAT BRINGS US TO EVTOL. LOW CRITICALITY AND COMPLEXITY BUT HAVE A LIMIT TO HOW FAST THEY CAN GET. THEN YOU HAVE THE GREEN BLOB THAT SOME HAVE CRITICALITY AND SOME HAVE A LOT OF COMPLEXITY. WE BELIEVE THE BEST AIRCRAFT FOR UBER AIR OPERATIONS WILL HAVE MINIMAL CRITICALITY BUT A BALANCE OF COMPLEXITY AND PERFORMANCE. SO LET’S USE THE TWO CONCEPTS OF CRITICALITY AND FIGURE OUT HOW EVTOL FITS IN THE PICTURE OF SAFETY AND CERTIFICATION. LET’S IMPACT THE ACCIDENTS OF 135 ON-DEMAND OPERATIONS. OPERATORS CARE ABOUT THIS WHOLE PIE WHICH IS CALLED THE ACTUAL LEVEL SAFETY. LS WHICH IS THE OBSERVED SAFETY RECORD. SYSTEMS FAILURES ARE A SUBSET OF ALS. THE DESIGN GOAL WE ARE LOOKING FOR. SO DEFINING TLS WILL GIVE TARGET TO DESIGNERS OF THE AIRCRAFT. WE CANNOT OVER EMPHASIZE THAT IF A SMALL FRACTION OF EXISTING ACCIDENT. IT’S NOT MEANINGFUL WITH US THINKING ABOUT THE BIG CONCEPT. THE NEXT COUPLE SLIDES I WILL PRESENT WAYS TO THINK ABOUT TLS AND THEN BRING IT OUT FOR OVERALL VISION. STANDARDS ARE BASED ON THE RISK OF A PARTICULAR AIRCRAFT. THIS RISK ASSESSMENT WAS ABOUT A LONG TIME AGO AND DEVELOPED AFTER AIRCRAFT AND HELICOPTERS HAVE BEEN FLYING AND THEY CAN COME HERE TO THE SAFETY RECORD. THE CHALLENGE FOR YOU IS THAT WE DON’T HAVE EXISTING AIRCRAFT THAT WE CAN COMPARE TO AND SAY WHAT IS SAFE AND WHAT ISN’T. SO LET’S INVESTIGATE THE HISTORIC SAFETY APPROACH FOR PART 23 AND SMALL AIRPLANES AND PART 25, THE LARGE AIRPLANES. THIS LOGIC ASSUMES THAT THE ALS FOR SMALL FLYING IS 10 TO THE NEGATIVE FOURTH CATASTROPHIC FAILURES PER FLIGHT HOUR AND FOR LARGE AIRPLANES 10 TO THE NEGATIVE SIXTH. THERE’S A STEP. THAT ASSUMES THAT 10% OF FAILURES IS DUE TO SYSTEMS HAZARDS. STRUCTURAL FAILURES, MECHANICAL FAILURES. THAT IS 10 TO THE NEGATIVE FIFTH AND 10 TO THE NEGATIVE SEVENTH. THE NEXT STEP RELATES TO TO HOW MANY FAILURES THAT WILL RESULT IN A CATASTROPHIC INCIDENT. IT’S PRETTY SIMPLE. IT DOESN’T HAVE THAT MANY CONDITIONS. WHILE A LARGE AIRPLANE HAS A LOT OF CATASTROPHIC CONDITIONS OR MORE OF THE SAME. THIS RESULT WAS COMMONLY REFERRED TO AS A TLS. WHICH IS THE DESIGN TARGET FOR ENGINEERS AND IS 10 TO THE NEGATIVE SIXTH FOR SMALL AIRPLANES AND 10 TO THE NEGATIVE SIXTH FOR AIRPLANES. IT’S VERY USEFUL TO SEE SO WE CAN EXTRACT THIS AND WHAT IT MEANS. THIS IS A MORE NUANCED APPROACH TO TLS. ON THE TOP IS PART 23 STANDARDS FOR TLS AND ON THE BOTTOM IS WORK THAT CAME OUT TWO YEARS AGO FROM THE FAA POLICY CALLED THE SAFETY CONTINUUM. THE RISK TABLES ARE BASED ON MANY FACTORS. THE WAY TO THE AIRCRAFT, THE OCCUPANTS IN THE ENGINE TYPE. THESE CHARACTERISTICS ARE DIFFERENT FOR AIRPLANES AND ROTORCRAFT FOR OBVIOUSLY IS REASONS. BUT THEY INCLUDE FEATURES SUCH AS CRITICALITY AND COMPLEXITY. ROTORCRAFT HAVE A LOT OF CRITICAL COMPONENTS. CYCLIC, ANTITORQUE MECHANISMS ONLY TO WORK FOR THE AIRPLANE TO MAINTAIN CONTROL. PART 23 AIRPLANES ARE LITTLE MORE INCLINED TO INCORPORATE FEATURES TO INCREASE PERFORMANCE . SO WHERE DO EVTOL FIT WITH THE STRUCTURE. THERE IS NO PERFECT FACE BECAUSE EVTOLS EMBRACE FLIGHTS AND AIRBORNE LIFT. BUT WE HAVE TO TAKE INTO CONSIDERATION THAT THEY OFFER AN UNPRECEDENTED AMOUNT BY CROSS SHAFTING IF DESIGNED CORRECTLY. AND WITH THE UBER AIR REQUIREMENTS. TO SEE WHERE IT FITS. WE THINK THAT IF IT’S MOSTLY, CAN YOU GO BACK A SLIDE PLEASE? ONE MORE. WE THINK IT FITS MOSTLY IN THE GREEN AREAS AND FITS ACCORDING TO ASSESSMENT LEVEL FOR PART 23 AIRCRAFT. IT’S BETWEEN TWO AND SIX AND IT’S GOING TO WEIGH LESS THAN 7000 POUNDS. BASICALLY BECAUSE THE WEIGHTS OPERATING WE THINK IT ALIGNS MORE WITH PART 23, LEVEL II. TO GET THE WHOLE PICTURE WE HAVE TO ADD THE OTHER LAYER. THAT’S COMPLEXITY OF THE FLYBY WATER SYSTEM. IN 2015 THERE WAS A GREAT REPORT OF RULEMAKING ON UNMANNED SYSTEMS. ANALYZED WHAT INCREASE COMPLEXITY MEANS IN TERMS OF A SAFETY RISK. THE CONCLUSION IS IT AS A MAGNITUDE SO WE THINK WE ARE ALIGNED WITH THAT. SO WE THINK THAT BASICALLY FOR THE PARTICULAR AIRCRAFT IS 10 TO THE NEGATIVE EIGHTH. WITH ALL THAT INFORMATION AT AN EQUIVALENT RISK OF SOMETHING LIKE PC 12 FOR A H1 30 HELICOPTER WHICH HAS BETWEEN SEVEN AND NINE CREW. OR THE SIX AND NINE OCCUPANCY. WANT TO EMPHASIZE THAT THIS ISN’T APPLICABLE TO ALL AIRCRAFT. FOR INSTANCE YOU CAN SEE JOHN’S COMPOUND AIRCRAFT OUTSIDE. IT LOOKS MORE LIKE AN OUTER ROTATE. IT MIGHT TAKE MORE SENSE FOR THE OUTER ROTATE. THIS IS JUST FOR THE PARTICULAR AIRCRAFT. NOW THE OTHER THING WE WANT TO MENTION IS WE PREDICT EXTRAORDINARY GROWTH IN AIR MOBILITY. EVEN WITH EXTRAORDINARY GROWTH WE DON’T EXPECT THEM TO HAVE MORE OPERATIONS AND COMMERCIAL AIRLINERS FOR A VERY LONG TIME. CONSIDERING THESE PROJECTIONS AND THE LOWER INHERENT RISK OF SMALLER AIRPLANES WITH FEWER PASSENGERS IT DOESN’T MAKE SENSE TO MANDATE TRANSPORT CATEGORY. IN OTHER WORDS WE DON’T BELIEVE THAT TODAY’S STANDARDS REQUIREMENTS SHOULD BE BASED ON FUTURE PROJECTIONS OF GROWTH. BY COMBINING THE TLS OF 10 TO THE NEGATIVE EIGHTH AND PUTTING IT IN 1.35 WE SEE THE SCENARIO WHERE THE OVERWHELMING MAJORITY , 97% WOULD BE TO OPERATOR ERRORS. REDUCING OPERATOR ERRORS SHOULD BE THE MAIN FOCUS FOR INCREASING SAFETY. LET’S ADDRESS HOW WE CAN REDUCE THE OPERATOR ERRORS. IN THE COLUMNS ON THIS TABLE THERE ARE A FEW COMMONLY ACCEPTED OPERATORS AND HOW OFTEN THEY’RE CONSIDERED THE MAIN CAUSE OF FATAL ACCIDENTS. NOTE THAT THE BASIC AIRMAN CHIP AND DECISION-MAKING ACCOUNT FOR THE VAST MAJORITY OF THE ERRORS. THREE ROWS PREVENT POWERFUL LEVERS THAT WE CAN ALLOW OPERATIONS TO ADDRESS OR ELIMINATE THE OPERATOR ERRORS. FIRST IS THAT THE OPERATIONS WILL BE LIMITED TO EXCLUSIVE USE SKYPE PORT. THAT WILL BE A TIGHTLY CONTROLLED ENVIRONMENT AS WELL AS IT WILL HAVE STRICT OPERATIONAL PROCESSES THAT WHERE BASING ON AN SMS PURGE. ELEVATE CLOUD SERVICES WILL MANAGE TRAFFIC SEPARATION, ALLOCATE SAFELITE TRAJECTORY, MONITOR PERFORMANCE AS WELL AS WHETHER IN REAL TIME. THE THIRD IS THE USE OF FAIL FUNCTIONAL OPERATION FOR SAFETY. WORK IS UNDERWAY ON THAT. MOST NOTABLY THE OPERATION. DIFFERENT ACCIDENTS IS ARE MITIGATED. BASIC AIRMAN CHIP CAN BE MITIGATED BY DETECTION. IN ADVOCATION CAN BE MITIGATED BY ESTIMATION OR CLOUD SERVICES. LET’S GO BACK TO THE CHART OF ACCIDENT RATES. UBER VEHICLE PARTNERS ARE INVESTING IN IS AREAS. TO REDUCE OPERATOR ERRORS. OUR ANALYSIS SHOWS THAT IT IS FEASIBLE TO REDUCE OPERATORS BY 80% AT LAUNCH. WE ASSUME MORE MATURE OPERATIONS I CAPABILITY. IN THE CHART TO THE RIGHT IS OUR GOAL WHICH ASSUMES FULL AUTONOMY WHERE WE HOPE TO COMPLETELY ELIMINATE OPERATOR ERROR. NOW, LET’S KEEP THE SHORT-TERM AND MEDIUM-TERM SCENARIOS THAT USE A TLS AND COMPARE THAT TO A TLS OF 10 TO THE NEGATIVE NINTH. WITH A LARGE DROP IN TLS. 90% IS FAR LESS EFFECTIVE THAN A MODEST REDUCTION OPERATOR ERROR IN OPERATION. SO ALL OF THESE CONCEPTS CAN BE OPERATED WITH THE SAFETY LAYER APPROACH. THIS APPROACH CAPTURES MANAGEMENT AND OPERATION SAFETY FACTORS. THE SAFETY LAYER APPROACH IS VERY POWERFUL BECAUSE MULTIPLE TWO SIMILAR METHODS FOR PRESENTING ACCIDENTS. WE SEE VALUE IN INNOVATIVE SAFETY SYSTEMS THAT CAN MITIGATE THE CONSEQUENCES OF EMERGENCIES. THERE SOMETIMES CALLED HARM VARIOUS. WE SEE VALUE IN THE SYSTEM CURRENTLY THE SYSTEMS ARE NOT 100% EFFECTIVE. THEY DO NOT RECEIVE SIGNIFICANT CREDIT. WE BELIEVE THAT THIS EXISTING ALL OR NOTHING POLICY IS FLAWED. WE’RE LIKELY TO SEE REGULATORS CONSIDER MEDICATION INCENTIVES IN THE STANDARDS. THIS IS BASED ON ADDRESSING MANY TYPES OF FAILURES. BUT ALSO OPERATOR ERRORS. SO THE PURPOSE I THINK IT’S A REALLY IMPORTANT WAY TO INTRODUCE THE VEHICLES. >>THAT’S GREAT, THANK YOU GREG. I WANT TO PIVOT A LITTLE BIT TOWARD SAFETY. BEFORE DO WE HAVE ANY THOUGHTS ABOUT MEL OR GREG’S, IT’S PERFECT. THAT’S GREAT. IF YOU HAVE ANY THOUGHTS ON WHAT MEL OR GREG WERE DISCUSSING. WANT TO TALK A LITTLE BIT ABOUT SAFETY. FOLLOWING THE PRESENTATION. TRY TO TALK ABOUT THE FACTORS POSITION ON SAFETY ASSURANCE AND DEVELOPING YOUR SAFETY ASSESSMENT. AND WE CAN START OVER WITH MARTIN. >>THANK YOU VERY MUCH. IT’S RELEVANT TO FHA. OBVIOUSLY WE’RE KIND OF EARLY IN OUR DEVELOPMENT PROCESS HAVING ANNOUNCED IN APRIL. BUT THERE HAS BEEN SOME PRELIMINARY WORK DONE ON A SIMILAR CONFIGURATION. SOME OF THE FHA TO ENHANCE THE DESIGN FROM A SAFETY PERSPECTIVE WE HAVE A PROPULSOR ON EACH SIDE OF THE WINGS AS A RESULT OF THAT ANALYSIS. IF YOU FOLLOW THE RIGORS OF 4754 AND 4761. IT WILL GUIDE YOU IN TERMS OF DESIGNING THE RIGHT SYSTEM ARCHITECTURE TO MEET THE REQUIREMENTS SET FORTH BY THE AUTHORITIES. >>SIMILAR TO MARTIN. WE ARE LOOKING TO FOLLOW THIS PROCESSES WHEN CONDUCTING THE FHA. THAT HELPS COMMUNICATING AMONGST OURSELVES AND THE REGULATOR. WHEN WE ARE LOOKING AT THE FUNCTIONAL BREAKDOWN WERE LOOKING TO FOLLOW THE CHAPTERS AS FAR AS POSSIBLE AS WELL. THERE ARE DIFFERENCES BUT THEY’RE ROUGHLY IN LINE WITH THE FUNCTIONS WE ARE LOOKING TO PROVIDE ON EVTOL AS WELL. IF YOU TAKE ETA 28 FUEL. THE FUNCTIONS THAT WE ARE USING STORE, DISTRIBUTE. FUEL LEVEL. WHEN YOU DO THE WORK YOU WILL FIND OBVIOUSLY THAT THE HAZARDS AND CONDITIONS ARE DIFFERENT. SAFETY REQUIREMENTS YOU WILL HAVE A REQUIREMENT ON MONITORING TEMPERATURE. ON MAKING SURE YOU DON’T OVER CHARGE THE BATTERY. BUT THE SAME THOUGHT PROCESS THAT APPLIES TO A NORMAL AIRCRAFT INCLUDING WHEN WE’RE LOOKING AT AUTOMATION AND WHEN WE ARE LOOKING AT THE OPERATIONS THAT WE ARE LOOKING TO DO IN AN URBAN SETTING OVER PEOPLE WITH THE GROUND STATION IN THE LOOP. THERE’S NEW FUNCTIONS, HAZARDS THAT ARE BEING INTRODUCED THAT WE NEED TO CONSIDER. THE THOUGHT PROCESS HAS BEEN LAID OUT AND WE ARE WORKING THROUGH THAT. >>NO REAL AHA MOMENTS FOR US. I GUESS THE COMMENT FOR THIS AUDIENCE WOULD BE THINKING ABOUT FAILURE MODES BUT ALSO HOW THINGS FAIL. A LOT OF TIMES WE GET TEMPTED INTO THEY FAIL ON, THEY FEEL OFF. THERE ARE OTHER OPTIONS ABOUT HOW THINGS FAIL AND THAT NEEDS TO BE A BIG PART OF YOUR ANALYSIS. ALSO WHAT THE SECONDARY EFFECTS ARE OF THE FAILURE. WHAT OTHER SYSTEMS HAVE BEEN AFFECTED BY THAT. OF COURSE THE MITIGATION. SO I THINK THAT IS OUR FOCUS AROUND BEING COMPLETE IN THE ANALYSIS FOR ALL THE DIFFERENT ASPECTS. >>YOU MENTIONED THE FLY BY WIRE SYSTEM. ON HOW THAT AND SVO CAN IMPROVE SAFETY. >>WE ARE POSITIVE WE NEED TO KEEP THE VEHICLE LEVELS SAFER THAN WE HAVE DONE IN THE PAST. I THINK YOU WILL HEAR ME LATER SAY 10 TO THE MINUS NINTH IS THE VEHICLE TARGET. BUT WE AGREED THAT THE SVO AND OPERATIONAL PEACE AND INCLUDES THE PILOT, PILOT TRAINING. MAINTAINING TRAINING. HER CRITICAL PARTS. WE CAN’T LET THOSE BE THE LOW POLLS IN THE TENT IN THE WAY WE CAN’T LET THE VEHICLE BE IN THE TENT. I’VE BEEN TRYING TO EXPLAIN TO MY DAUGHTER AS WE APPROACH A NEW VEHICLE LIKE THIS THAT THESE ARE SAFER THAN THE VEHICLES USED TO DESIGN AND IF YOU SAY WELL, YES. AS LONG AS THE PILOTS DON’T DO THEIR JOB I THINK IT 10 YEARS OLD SHE WOULD BE CONFUSED BY THAT. THEY’RE GOING TO STAY WHERE WE ARE BETTER ON THE VEHICLE SIDE AND BRING THOSE PIECES UP AS WELL. >>GREAT, ANY THOUGHTS ON THAT. ON THE SAFETY ASSESSMENT. >>I KIND OF DOVE INTO A SLIGHT LEVEL OF DETAIL WITHOUT GEEKING OUT TOO MUCH. I THINK HISTORICALLY WHEN WE LOOK AT CATASTROPHIC EVENTS. WE CAN REALLY WHAT IF THINGS TO DEATH AND GET TO A LINE OF THINKING WHERE I CAN TALK ABOUT 1 MILLION WAYS AND IT’S PROBABLY NOT A REALISTIC SCENARIO. WE CAN DO THAT WITH SYSTEMS IN THE AIRCRAFT. AND THAT’S THE RISK OF DRIVING SOME OF THE INSURANCE LEVELS BECAUSE WE START TO WHAT IF THINGS AND WE END UP SAYING WE CAN’T AUTOMATE THESE THINGS. THE RESULT IS AKIN TO AUTOMATION. I AM GOING TO ASSUME THE PILOT IS BULLETPROOF AND FLAWLESS. THAT IS A HUGELY FLAWED SCENARIO. WE ARE NOT BULLETPROOF WE ARE BY FAR THE NUMBER ONE CAUSE OF ACCIDENTS. THE OTHER SIDE OF THE COIN IS WHAT WE WANT TO GO WITH THINGS. THAT IS BUILDING EQUIPMENT THAT MAKES THE JOB OF BEING A PILOT EASIER AND MAKES PILOTS LESS ERROR-PRONE AND BEEN SYSTEMS THAT RUN ALL THE TIME. SYSTEMS IN FAILURE LOOK THE SAME. MAYBE LOSING SOME LAYERS OF REDUNDANCY AND TIME TO PUT THE AIRCRAFT ON THE GROUND. BUT IT LOOKS THE SAME. TO DO THAT YOU HAVE TO APPROACH THE QUESTION SLIGHTLY DIFFERENTLY. INSTEAD OF SAYING ONE A STACK OF PAPERWORK 10 TO THE MINUS NINTH. WHAT I WANT IS THE AIRCRAFT NOT TO HAVE ACCIDENTS. I NEED TO LOOK AT THE SOLUTION WHICH MEANS I NEED TO DESIGN FAILURE MODES THAT DON’T PUT COMPLICATED SITUATIONS IN A RARE OCCURRENCE. BECAUSE THAT IS WHEN WE GET IN TROUBLE. BY DOING THAT IT BRINGS US TO A NEW ERA AND WHAT THINGS START TO LOOK LIKE IS THIS. IF WE DISCOVER THERE’S A SYSTEMS ISSUE AS WE OFTEN DO WITH SOME PRODUCTS. WE ADDRESS IT AND THAT ISSUE IS BEHIND US FOREVER. OR WE DON’T AUTOMATE AND WHAT HAPPENS IS WE HAVE PILOTS THAT MAKE HUMAN ERRORS WE SIT BACK AND SAY THAT IS HUMAN ERROR. WE WILL TRY TO REINFORCE TRAINING AND WE LIVE WITH IT FOREVER. WE HAVE BEEN LIVING WITH THE ERRORS FOREVER TO THIS POINT AND IT’S IMPORTANT FOR THIS COMMUNITY THAT WE TRY TO STEP ACROSS THE LINE TO THE POINT WHERE WE CAN AUTOMATE SOME OF THE STUFF TO A LEVEL WHERE WE CAN SOLVE THE PROBLEMS AS ENGINEERS VERSUS SAYING IT’S THE NATURE OF HUMANS, WE MAKE MISTAKES. >>I WOULD LIKE TO FOLLOW-UP ON WHAT GREG IS GETTING AT. THAT’S AN INTERESTING POINT. FROM YOUR PERSPECTIVE WHAT IS BEING DONE TO MITIGATE HUMAN ERRORS. OUTSIDE OF THE DESIGN OF THE AIRCRAFT WHAT ELSE CAN WE DO. >>I REALLY LIKE WHAT GREG SAID THE IDEA OF LOOKING AT COMPONENTS AND TRYING TO DRIVE SAFETY BY REALLY FOCUSING ON COMPONENT RELIABILITY IS A FLAWED ONE. THE IDEA OF DEVELOPING A RESILIENT SYSTEM IS MUCH MORE INTERESTING AND WILL HELP PROMOTE SAFETY IN A BETTER WAY. WE HAVE LOTS OF EXAMPLES IN HISTORY THAT ARE FATAL ACCIDENTS REPLACE THE AIRCRAFT IN THE HANDS OF A PILOT IN A BAD SITUATION AND WE DON’T WANT SYSTEMS LIKE THAT. LEARNING TO DESIGN SYSTEMS THAT ARE RESILIENT. BETTER ABLE TO DEAL WITH FAILURES IN DIFFERENT WAYS WITHOUT PUTTING THE PILOT IN A BAD POSITION IS REALLY IMPORTANT. ESPECIALLY WITH THE DEMAND THAT THIS INDUSTRY WILL PUT ON BRINGING NEW PILOTS TO SUPPORT THE BUSINESS MODEL I THINK IT’S IMPORTANT THAT WE DESIGN A RESILIENT AIRCRAFT. >>ONE OF THE SYSTEMS WE THINK IS ENVELOPE PROTECTION SYSTEMS. THE MANUFACTURERS TALK ABOUT WHETHER YOU ARE CONSIDERING INCORPORATING THAT TO YOUR DESIGN. GREG, YOU CAN START IF YOU WANT. >>THE GOOD NEWS THIS YEAR IS WE SPEAK NOTHING ABOUT THE VEHICLE WORK IN THE SECRET SPACE. I KNOW WHAT EVERYONE ELSE IS DOING. WHAT I WILL SAY IS THIS. AS A BROAD INDUSTRY I THINK EVERYBODY IS REALLY SERIOUS LOOKING AT THE IMPORTANCE OF ENVELOPE PROTECTION. ESPECIALLY IN THE HOVER. IF SOMEONE WERE TRYING TO CONTROL THE PITCH AND RPM OF A NUMBER OF ROTORS YOU HAVE TO STEP ACROSS THE LINE OF A SELF STABILIZED VEHICLE. ONCE YOU HAVE DONE THAT BUILDING THE PROTECTION AROUND THAT A LITTLE BUFFER TO KEEP YOURSELF AT A LOSS OF CONTROL TO KEEP YOURSELF OUT OF STRUCTURAL FAILURES MAKES TOTAL SENSE. >>I WOULD LOVE TO HEAR YOUR THOUGHTS. >>WE’RE WORKING ON IT ANYWAY. I THINK IT’S AN IMPORTANT PART FOR PROTECTING THE PILOT FROM THOSE SITUATIONS WHERE THEIR AWARENESS IS FOCUSED ON WHERE IT SHOULD BE. THE MISSION, THE SAFETY. DURING THE MISSION. IF WE CAN START TO LET THE FLYBY SYSTEM THROUGH ENVELOPE CONTROL OR OTHERWISE HELP THE PILOTS GET TO THE SITUATIONS ALL THE BETTER. IT’S DEFINITELY GOING TO BE A PART OF THE DESIGN. >>SIMILARLY OUR END. WE HAVE A TWITTER SYSTEM WE SHOWCASED OUTSIDE AND YOU ARE NOT GOING TO FLY THIS WITH EIGHT FINGERS AND EIGHT THROTTLES. YOU GET THE FLY BY WIRE SYSTEM BUILT IN THE LENDS ITSELF TO ENVELOPE PROTECTION. WE HAVE ON OUR EXPERIMENTAL AIRCRAFT YOU CAN GO FORWARD, SIDEWAYS, BACKWARDS UP DOWN SO MUCH AND THANKS SO MUCH THEREBY GIVING AS WE CALL THEM AIR VEHICLE PROTECTION AGAINST EXCEEDING LIMITS ON THE AIRCRAFT. >>MARTIN. I AGREE WITH WHAT THE PANEL IS SAYING HERE TODAY. HAVING WORKED A FEW MILITARY PROGRAMS FOR THEY TYPICALLY SPEND A LOT OF MONEY ON HUMAN FACTORS RELEVANT OF IT. TO UNDERSTAND THE MACHINE INTERFACE. EXTREMELY IMPORTANT. SO HAVING A FOUNDATION OF THE FLY BY WIRE AIRCRAFT ALLOWS YOU TO SIMPLIFY THE CONTROL OF THE AIRCRAFT AND MAKING IT MUCH EASIER IF YOU WILL TO PROVIDE THE NECESSARY INFORMATION TO THE PILOT SO HE CAN MONITOR THE OTHER SYSTEMS INSTEAD OF FLYING THE AIRCRAFT IF YOU WILL. IT’S VERY IMPORTANT THAT A LOT OF TIME IS SPENT UNDERSTANDING THE MAN MACHINE INTERFACE IF YOU WILL. >>WHILE WE’RE TALKING ABOUT THE WAYS THAT PILOTS CAN GET INTO HAZARDOUS SITUATIONS WE WOULD LIKE TO TALK LITTLE BIT ABOUT STALL CHARACTERISTICS. IT DOES REQUIRE SOME CERTAIN REQUIREMENTS STALL SPEED AND THAT DETERMINATION BUT THESE AIRCRAFT ARE OBVIOUSLY PRETTY DIFFERENT. SO, HOW ARE YOU APPROACHING THAT LOW-SPEED FLIGHT TESTING TRANSITION. DIANA? >>SURE. IT’S PROBABLY GOOD TO GIVE SIGNIFICANCE AND MINIMUM CONTROL SPEED. THE STALL IS WHEN YOU ARE RUNNING AT A LIFT FROM YOUR WING FROM YOUR AERODYNAMIC SURFACES. AND YOUR MINIMUM CONTROL SPEED IS WHERE YOU LOSE CONTROL AUTHORITY FROM YOUR AERODYNAMIC CONTROL SURFACES. IN OUR CASE AND MANY OF THE OTHER CONCEPT WE DON’T HAVE THE AERODYNAMIC SERVICES AND CONTROL SERVICE TO GIVE YOU A LIFT AND CONTROL AUTHORITY BUT YOU HAVE THE LIFT MOTORS. SO IN OUR CASE IF YOU BLEED OFF SPEED COMING IN ON INBOUND TRANSITION AND YOU ARE LOSING LIFTING CONTROL AUTHORITY FROM THE AERODYNAMIC SERVICES YOU HAVE THE MOTORS KICKING AND SUPPORTING THE WING LEFT AND GIVING YOU CONTROL AUTHORITY SO YOU CAN ARGUE THE MINIMUM CONTROL SPEED BECOMES NEGATIVE. WE CAN GO SLIGHTLY BACKWARDS ON THE AIRCRAFT AND HAVE FULL CONTROL AUTHORITY AND FOR US HAVING GOOD SLOW SPEED FLYING CHARACTERISTICS MEANS HAVING A LOT OF CONTROL AUTHORITY ALL THE WAY THROUGH THE ENVELOPE FROM ZERO SPEED ALL THE WAY TO FULLY WING BOARD FLIGHTS TO MAKE SURE WE CAN PERFORM A CLEAN AND SAFE TRANSITION. >>THAT’S GREAT. SCOTT? >>WE ARE TESTING FALSE GUILT SYSTEMS IN OTHER ENVIRONMENTS TO VALIDATE MODELS. AND APPLY THAT TO OUR FLIGHT TEST VEHICLE. WE’RE NOT SO MUCH TAKING THE BUILDERS, FLIGHTS, FIX-IT APPROACH ALTHOUGH IT FEELS FASTER IN THE BEGINNING. IT’S OFTENTIMES A LITTLE BIT INEFFICIENT AS YOU ARE GETTING TOWARD CERTIFICATION. WE USE THE ANALYSIS IN THE TESTING TO BUILD A TECH DEMONSTRATION VEHICLE CLOSER TO THE CERTIFIED VEHICLE. THEN IN THE LEARNING SPACE WE’VE COURSE LIEN ON WHAT WE ARE DOING IN OUR OTHER POWER LIFT VEHICLES. THE V2 80 HAS BEEN IF IT HAS THE LOW-SPEED AGILITY THAT WERE NECESSARY COMPARED TO A HELICOPTER AND WE JUST TESTED AND DEMONSTRATED THAT. WE LEARNED A LOT FROM THAT FLIGHT TEST IN THE POWER LIFT CATEGORY. WE PLAN TO USE IT ON NEXUS AS WELL. MARTIN, ANYTHING ELSE TO ADD? >>ARE AIRCRAFT CONFIGURATION LOOKS AND BEHAVES LIKE A HELICOPTER IN LOS FEED FLIGHT. IT’S MORE OF A TRANSITION FROM THE HELICOPTER MODE TO AIRPLANE MODE. FORTUNATELY WE’VE HAD FOR SOME PERIOD OF TIME DEMONSTRATING THAT CAPABILITY. SO THE RISK RELATIVE TO US FROM A FLIGHT TEST DEVELOPMENT PROGRAM IS MINIMIZED. OBVIOUSLY WITH A FLY BY WIRE SYSTEM YOU CAN DO THE TAILORING REQUIRED TO MINIMIZE THE RISK. AND OF COURSE TO WHAT SCOTT WAS SAYING. RELATIVE TO THE SIMULATION ACTIVITY. TODAY’S HIGH FIDELITY FLIGHT DYNAMICS MODELS ARE TREMENDOUS RELATIVE TO WORKING OUT THOSE DEVELOPMENT ISSUES IN THE LAB BEFORE YOU GET TO THE AIRCRAFT. SO IT MAKES THAT DEVELOPMENT PROGRAM GO MUCH MORE SMOOTHLY. >>GREG, I DON’T KNOW IF WE WILL LET YOU TALK ABOUT YOUR AIRPLANE. >>IN THE IDEAL WORLD WHAT HAPPENS IS THE THRUST LIFT COMING OFF OF PROPELLERS IS REALLY REALLY EFFECTIVE AT LOW SPEEDS. THE CONTROL SURFACES ON A TRADITIONAL AIRPLANE REALLY EFFECTIVE AT HIGH SPEEDS. SO THOSE THINGS SHOULD INTERSECT IN A WAY SO THERE IS NO ANOMALY. RIGHT. AT ANY SPEED, ANY CONFIGURATION THAT SEAMLESS TO THE PILOT. IT SEAMLESS TO PEOPLE ON BOARD. AND I CAN CHOOSE ANY COMBINATION IN BETWEEN THAT. THAT IS THE IDEAL SCENARIO. >>DIANA WE ARE TALKING ABOUT YOUR FLIGHT TEST. HOW DOES IT BUILD CONFIDENCE AS YOU ARE GOING ALONG AND ACKNOWLEDGE THE DEVELOPMENT OF YOUR FUTURE AIRCRAFT? >>THE FUNDAMENTAL TO DEVELOPMENT PROCESS WHEN WE ARE DEVELOPING A CONCEPT AND THAT’S BECAUSE THERE’S REALLY NOT A LOT OF HISTORICAL BASIS OR DATA TO BUY IN TERMS OF HOW DOES THE CONCEPT PERFORM. HOW DOES IT DO IN ALL PHASES OF FORWARD FLIGHT AND PARTICULARLY IN TRANSITION. SO THE DEMONSTRATOR WE’RE REALLY LOOKING TO LEARN HOW DOES IT PERFORM IN THESE FLIGHT REGIMES. HOW DOES IT FAIL. SO WITH THIS LEARNING SO WE CAN IMPLEMENT THOSE LEARNINGS ON THE NEXT-GENERATION VEHICLE THAT WILL ULTIMATELY LOOK TO TAKE FORWARD INTO CERTIFICATION AND INTO A PRODUCT. FOR US IT’S VERY IMPORTANT THAT WE CONDUCT THESE TESTS SAFELY WITH THE TECH DEMONSTRATOR PROOF OF CONCEPT SO TESTS ARE BEING DONE UNMANNED. WE’RE DOING THAT AT A PUBLIC USE AIRPORT NOT FAR FROM HERE BUT IT VERY STRICT PROCEDURES AND HOW WE DECONSTRUCT THE OPERATION WITH THE REST OF THE AIRPORT OPERATIONS AND ULTIMATELY THE GOAL IS TO TEST, LEARN WHAT WORKS AND WHAT DOESN’T. FIX, TEST AGAIN. AND MAKE THE NEXT-GENERATION PRODUCT THE BEST IT CAN BE. >>GREAT. GREAT. SINCE WE’RE TALKING ABOUT SAFETY ABOUT REASONABLE TARGET LEVELS. SCOTT YOU KIND OF MENTIONED YOU WERE LOOKING. SO I WOULD LIKE TO GET A QUICK ANSWER FROM EACH OF THE MANUFACTURERS AND TALK ABOUT WHAT AND WHY THAT IS WHAT YOU ARE PURSUING. DO YOU WANT TO START? >>FIRST OF ALL WHEN I ANSWER THE QUESTION WANT TO STEP OUTSIDE OF THE ENGINEERING ANSWER INTO THE OPERATIONAL INCIPIT THE OPERATIONAL ANSWER IS WE CAN’T TOLERATE ANY FATAL ACCIDENTS, TO GET THERE I WOULD LOOK AT WHERE DID MY BIGGEST RISKS LIE. SO WE ARE PRETTY GOOD AT DOING SYSTEM SAFETY ENGINEERING NOWADAYS ARE PRETTY GOOD AT SOFTWARE. WE KNOW HOW ELECTRONIC HARDWARE CAN BE VALIDATED. WE DON’T DO IS PROTECTING AGAINST THE PILOT ACCIDENTS AND PILOT ERRORS. I LOOPING THAT ON WHAT WE NEED TO DO IS BE SAFE. I KNOW THAT HUBER CAR TRANSPORT WE NEED TO HONE IN ON THE INCREDIBLE LEVEL OF SAFETY WE SEE IN AIRLINES. >>SCOTT QUESTION MARK >>AS I MENTIONED BEFORE AT THE VEHICLE LEVEL WE ARE SHOOTING FOR 10 TO THE MINUS NINTH. THAT’S SOMETHING THAT IN THIS CLASS OF VEHICLE FEELS NATURAL TO US GIVEN WHAT WE HAVE DONE IN THE PAST. I AGREE WITH GREG THAT TO FOCUS ON PILOT OPERATIONS, MAINTENANCE OPERATIONS, AND THE INFRASTRUCTURE ITSELF. MAKING SURE THOSE ASPECTS OF RELIABILITY AREN’T THE LOW POLLS IN THE TENT WE CAN’T HAVE IT. I WANT TO CREATE A VEHICLE THAT ALLOWS YOU TO WALK UP TO IT AND FEEL JUST LIKE YOU WILL TONIGHT OR TOMORROW WHEN YOU GET ON SOME BIG METAL TO GO BACK HOME. WE DON’T THINK TWICE ABOUT THOSE MOMENTS GETTING ON THE AIRCRAFT’S WE ARE GOING TO DRIVE TOWARDS THAT FEELING SO EVERY ONE OF OUR CUSTOMERS KNOWS THEY’RE GOING TO ARRIVE SAFELY TO THE DESTINATION AND THEY FEEL THAT WAY BEFORE THEY ENTER THE VEHICLE. >>DIANA? >>IT’S HARD TO ARGUE WITH THE NUMBER OF VEHICLES AND FLIGHT HOURS THIS YEAR SCALE OF OPERATION WE ARE LOOKING FOR. IT’S FULLY BUILT OUT ECOSYSTEM THAT WE WILL NEED TO STRIVE TO A TRANSPORT LEVEL OF SAFETY. PART OF MILLIONS OF FLIGHT HOURS. THE ODD SITUATION THAT WE FIND OURSELVES IN RIGHT NOW IS THAT THERE IS LIMITED QUANTIFIABLE DATA FOR HOW THE SYSTEMS PERFORM, BATTERIES, MOTORS. AVIONICS SYSTEMS WHERE USING. REGARDLESS OF INTENT WE ARE IN AN ODD SITUATION WHERE WE WILL NEED TO BASE OUR ASSESSMENT ON SUBJECTIVITY, ANALYSIS AND LIMITED DATA. OVER TIME THE GOAL IS TO SUBSTANTIATE THAT WE CAN MEET THE TARGETS AND SHOOT FOR 10 TO THE MINUS NINTH. >>IT’S A GOOD QUESTION. FROM MY EXPERIENCE BACKGROUND 35 YEARS AND HAVING GONE THROUGH PART 27 AND PART 29. ANY PART 25 CERTIFICATION ACTIVITY YOU KNOW WE ARE GOING TO DESIGN OUR AIRCRAFT TO BASICALLY MEET PART 29 REQUIREMENTS IT IS A FLY BY WIRE AIRCRAFT SO WE WILL HAVE TRIPLEX SYSTEMS ON THE CRITICAL CONTROL FUNCTIONS WHICH WILL YIELD A 10 TO THE MINUS NINTH CAPABILITY IN THE AIRCRAFT BUT IT’S MORE THAN THAT. IT’S ADDRESSING THE ENTIRE AIR VEHICLE CAPABILITIES AND I MENTIONED YESTERDAY THAT WE’RE GOING TO STRIVE AND SET A GOAL TO BASICALLY HAVE CATEGORY A PERFORMANCE WITH THE AIRCRAFT. BECAUSE WE CAN WITH THE PARTICULAR CONFIGURATION WITH A MINOR WEIGHT PENALTY IF YOU WILL BY ADDING IN THAT CAPABILITY. I THINK IT SETS THAT BAR HIGH. THAT THE PUBLIC WILL EXPECT WHAT SCOTT MENTIONED RELATIVE TO COMMERCIAL AIRLINERS YOU DON’T THINK TWICE ABOUT GETTING INTO AN AIRPLANE BECAUSE IT HAS A LEVEL OF SAFETY OBVIOUSLY THE SAFETY MANAGEMENT SYSTEM THAT IS IN PLACE FOR THE PILOTS AND THE TRAINING AND THE WHOLE INFRASTRUCTURE ASSISTS IN THE SAFETY RECORD. BUT THAT IS WHAT WE ARE DRIVING TOWARDS. AS AN ORGANIZATION. >>IT’S GREAT. MEL, YOU’VE HEARD FROM MANUFACTURERS, WHAT ARE YOUR THOUGHTS QUESTION MARK >>I THINK THEY’RE SAYING THE RIGHT THINGS. THE EXPECTATION OF THE PUBLIC IS GOING TO DRIVE THIS. THERE’S AN EXPECTATION WHEN YOU GET INTO AN AIRLINER THAT YOU ARE GOING TO GET THERE SAFELY. IF YOU LOOK OVER THE LAST 30 YEARS OF SAFETY IMPROVEMENTS YOU CAN SEE THAT INDUSTRY AND COOPERATION WITH GOVERNMENT HAVE BEEN ABLE TO DEVELOP A WAY TO GET THAT LEVEL OF SAFETY. I DON’T THINK THIS IS GOING TO BE SUCCESSFUL WE CAN LIVE WITH SAFETY ANYTHING LESS THAN THAT. BUT I WILL LEAVE YOU WITH ONE THING THAT I THINK WE HAVE TO BE CLEAR THAT VEHICLE RELIABILITY OR THE EQUIPMENT RELIABILITY THAT WE DESIGN AND TEST FOR AND CERTIFY FOR IS ONLY ONE COMPONENT OF THE SAFETY EQUATION. IT COMES WITH A COMBINATION OF THE VEHICLE RELIABILITY DESIGNED IN AS WELL AS THE OPERATIONAL ROLES AND SERVICES. ALL OF THOSE COMBINED TOGETHER FOR A TOTAL SAFETY OUTCOME. >>THAT’S GREAT. EVERYONE SEEMS TO BE IN AGREEMENT IT’S A VERY HOLISTIC APPROACH TO SAFETY WHICH IS REALLY ENCOURAGING. IF ANYONE THOUGHT WE WEREN’T SERIOUS ABOUT SAFETY HOPEFULLY THIS IS REINFORCING. I KIND OF WANT TO START TO WRAP THIS CONVERSATION UP BECAUSE WE ARE GOING TO ALL COME BACK TOGETHER FOR OUR EVENING KEYNOTES HERE SHORTLY. BEFORE WE GO I WOULD LOVE TO GET EVERYONE’S THOUGHTS AND WE CAN START WITH MEL ON ANY CONCERNING MAY BE INDUSTRY WIDE GAPS THAT THE STANDARDS COMMUNITY SHOULD BE COLLABORATING ON. ANYWHERE IT IS NOT ADDRESSING OR THE INDUSTRY IS NOT TURNING THEIR ATTENTION TO? >>I JUST MAKE A PLEA FOR INDUSTRY TO BE INVOLVED IN THE STANDARDS DEVELOPMENT. NOT THAT LONG AGO WE COMPLETED THE REWRITE OF PART 23. THAT REWRITE DEVELOPED THE CRITERIA THAT IS PERFORMANCE- BASED. WITH A CONCEPT THAT WE HAD A REALLY FULL SET OF CONSENSUS STANDARDS. CLEARLY THERE’S GOING TO BE PROPRIETARY MEANS OF COMPLIANCE TO THE STANDARDS. HOWEVER THE MORE WE WORK TOGETHER TO DEVELOP CONSENSUS STANDARDS THAT WE CAN RELY ON I THINK IT’S GOING TO HELP THE WHOLE INDUSTRY MOVE FORWARD REALLY WANT TO ENCOURAGE INVOLVEMENT IN THE DEVELOPMENT OF THOSE REQUIREMENTS. >>I WILL START OUT BY ECHOING MEL. I THINK THE STANDARDS ACTIVITIES ARE REAL. AND THEY’RE RIGHT IN FRONT OF US. WHETHER IT BE THE MATERIALS I KNOW THAT WE ARE HEAVILY ENGAGED IN THOSE ACTIVITIES SO BEHIND THE SCENES WE ARE WORKING HARD TO HELP SET THE PACE FOR WHERE WE THINK THINGS SHOULD BE AND WHERE WORKING WITHIN THE STANDARD BODIES TO MAKE SURE THE INFORMATION IS WIDELY AVAILABLE AND APPROPRIATE FOR EVERYBODY. I THINK IT’S A REALLY IMPORTANT TOOL THAT DID NOT EXIST A COUPLE YEARS BACK. I DON’T BELIEVE WE WOULD ALL BE SITTING HERE IF IT HADN’T CHANGED. I THINK THAT’S CRITICAL. IF I WERE TO ASK FOR INVOLVEMENT FROM THESE FOLKS I THINK THAT TODAY WE ARE LOOKING AT SOME NEW LEVELS OF BATTERY SAFETY THAT IS IMPORTANT TO CONSIDER AND THAT INCLUDES SOME OF THE UNIQUE ASPECTS OF BATTERY TESTING AND EVEN THE INSTALLATION SIDE QUESTIONS. I THINK THERE’S SOME CRASHWORTHINESS QUESTIONS UNIQUE IN THE ENVIRONMENT THAT WE NEED SOME INVOLVEMENT IN THE FINAL AREA YOU’VE TALKED A LOT ABOUT THAT IS STARTING TO CATCH ON IS THE IDEA THAT’S GOING TO TAKE US FROM THE MIDTERM TO THE LATE-TERM AND THAT’S THE AREA OF SIMPLIFIED VEHICLE OPERATION. WE ALL KNOW THERE IS A PILOT SHORTAGE. I BELIEVE YOU WILL FIND MOST OF THE VEHICLES ON STAGE HERE ARE REALLY EASY TO FLY BUT I BELIEVE THE PILOTED VEHICLES WERE START WITH COMMERCIAL PILOTS AND WE NEED TO TRANSITION TO MAY BE A SIMPLER APPROACH TO COMMERCIAL PILOTING IN THE MEDIUM-TERM. TOWARDS A TIMELY I THINK THERE ARE PROBABLY SOME FOLKS SHOOTING STRAIGHT FOR THE AUTONOMY PATH AS WELL. I WOULD PLEAD TO FOLKS TO LOOK INTO THE SIMPLE OPERATIONAL PATH AS WELL. >>I THINK SOMETHING WE CAN DO ON THE VEHICLE SIDE IS CALL ON OUR SUPPLY BASE TO START TO GET NUMBERS ON THESE VERY SYSTEMS SO WE CAN START TO ESTABLISH A HISTORICAL DATABASE. THERE’S A LOT OF NEW TECHNOLOGY ON THESE VEHICLES AND WE NEED TO KNOW HOW THEY PERFORM IN RELEVANT ENVIRONMENTS. I THINK THAT WOULD BE REALLY HELPFUL FOR THE INTEGRATORS AS THEY MOVE FORWARD. OF COURSE WE WILL DO OUR PART IN THAT. BUT SOME OF THAT UPFRONT WORK CAN BE DONE BY THE SUPPLY BASE AS WELL. I ALSO ENCOURAGE INTERNALLY AT THE REGULATORY BODIES AND GLOBALLY I THINK THAT WOULD GO A LONG WAY TO MOVING THE INDUSTRY FORWARD. WE DON’T NEED TO DO IT ONE WAY HERE AND BE LEADERS AND THEN FIND THERE IS ANOTHER WAY TO DO IT WHEN WE GO TO DIFFERENT PARTS OF THE GLOBE. I WOULD LOVE TO SEE THAT GAP ADDRESSED AS WELL. >>THANK YOU. OVER THE LAST COUPLE YEARS WE HAVE MADE A LOT OF PROGRESS IN DEVELOPING BASELINES FOR WHAT ACCEPTABLE MEANS OF COMPLIANCE COULD BE FOR THE AIR VEHICLE. I THINK WE’VE GOT MORE WORK TO DO WHEN WE ARE LOOKING AT WHAT IT MEANS FOR THE AUTOMATION AND FOR THE OVERALL OPERATION AND THE GROUND SEGMENT AND COMMUNICATION. WHAT WE NEED. I THINK WE ARE IN THE BEGINNINGS ONLY OF WORKING THROUGH THOSE PROBLEMS. SO AS A STANDARDS COMMUNITY IS PROBABLY SOMETHING WE DO WANT TO SPEND MORE TIME ON AS WELL GOING FORWARD BESIDES JUST LOOKING AT THE OTHER VEHICLE. >>THANK YOU. MARTIN, FINALLY. >>I WILL BE QUICK. I AGREE WITH MEL’S COMMENTS AND I APPRECIATE THAT. SCOTT TALKED ABOUT THE HARMONIZATION BUT THERE’S ALSO NEEDS TO BE CONSISTENCY ACROSS THE ORGANIZATION AND MY SHORT- TERM CONCERNS ARE RELATIVE TO THE STAFFING OF THE AGENCIES TODAY WITH THE VOLUME OF POTENTIAL APPLICANTS THAT ARE GOING TO BE COMING FORWARD HERE IN THE SHORT TERM AND THE ROLE AND FOR THE ORGANIZATIONS THAT DON’T HAVE AN ODA HOW THEY PARTICIPATE WITH THE FAA BASED ON STAFFING. >>I WISH WE HAD MORE TIME. THERE IS A WHOLE CONVERSATION AROUND EVERYTHING YOU JUST SAID. WE’VE GOT TO WRAP THE PANEL UP. THANK THESE WONDERFUL PANELISTS FOR THEIR TIME TODAY. [ APPLAUSE ] WE ARE GOING TO GET OUT OF HERE. OUR PROGRAM WILL ACTUALLY RESUME FOR THE KEYNOTE. STAY SEATED. DON’T GO ANYWHERE, WE WILL RESUME IN A COUPLE OF MINUTES. ♪ ♪ >>LADIES AND GENTLEMEN, THE SHOW WILL START IN 10 MINUTES. >>LADIES AND GENTLEMEN, THE SHOW WILL START IN FIVE MINUTES. >>LADIES AND GENTLEMEN, THE SHOW WILL START IN TWO MINUTES. >>LADIES AND GENTLEMEN, PLEASE TAKE YOUR SEATS. THE PROGRAM IS ABOUT TO BEGIN. >>PLEASE WELCOME SHARON PINKERTON, SENIOR VICE PRESIDENT. LEGISLATIVE AND REGULATORY POLICY, AIRLINES FOR AMERICA. AND DANIELLE BURR, HEAD OF FEDERAL AFFAIRS, UBER. >>HI EVERYONE, I AM DANIELLE BURR. HEAD OF FEDERAL AFFAIRS HERE AT UBER. I AM THRILLED TO BE JOINED WITH SHARON PINKERTON. SHARON IS THE VICE PRESIDENT, LEGISLATIVE AND REGULATORY POLICY AT AIRLINES FOR AMERICA. THANK YOU FOR BEING WITH US HERE TODAY SHARON. IN YOUR CAPACITY YOU LEAD POLICY DEVELOPMENT, LEGISLATIVE AND REGULATORY WORKING WITH CAPITOL HILL IN THE ADMINISTRATION. WE’RE SO THRILLED TO BE LEARNING FROM YOUR EXPERIENCES THAT YOU HAVE BEEN HAVING OVER THE YEARS THAT YOU SPENT IN THE AVIATION COMMUNITY. I’M GOING TO START WITH A REALLY HARD QUESTION. HOW DID YOU GET HERE TODAY? >>BELIEVE IT OR NOT I AM JUST IN THE BUILDING ACROSS THE STREET SO I DID NOT UBER. BUT UNDER NORMAL CERTAIN CIRCUMSTANCES I SPEND A LOT OF TIME IN THE HILLS. AND UBER GOES THERE. >>I WOULD LIKE TO REMIND YOU ABOUT MICRO MOBILITY PRODUCTS BIKES AND SCOOTERS FOR SHORTER TRIPS. >>YOU HAVE QUITE A HISTORY IN THE AVIATION COMMUNITY. CAN YOU GIVE US SOME INFORMATION ABOUT YOUR BACKGROUND? >>SURE, I STARTED ON CAPITOL HILL WORKING ON THE SUBCOMMITTEE FOR MOST OF THE TIME. WAS THERE FOR SOME SAD TIMES, 9/11 BEING ONE OF THEM. BUT CERTAINLY THAT GAVE ME THE OPPORTUNITY TO WORK ON THE DEVELOPMENT OF STANDING UP FOR DHS AND TSA AND UNDERSTANDING HOW THEY WORK. WHICH HAS HELPED NOW AS I AM ON THE INDUSTRY SIDE IN TERMS OF TRYING TO ADD AND IMPROVE TSA’S PASSENGER FACILITATION AND THE SECURITY ISSUES AS WELL. MY CAREER HAS BEEN SPENT THREE YEARS AS HEAD OF POLICY AT THE SAA WHICH GAVE ME A UNIQUE INSIGHT INTO I THINK THE SAFETY CULTURE. THAT IS PRIMARY IN OUR INDUSTRY. SO I THINK THAT WAS, THAT WAS A GREAT EXPERIENCE. >>THAT’S GREAT, THAT’S GREAT. AS YOU LOOK BACK ON THE EXPERIENCES YOU HAVE HAD IN AVIATION. I THINK ONE THING FOR SURE AS WE LOOK AT THIS URBAN AIR MOBILITY CONVERSATION IS THAT IT’S HAPPENING REALLY QUICKLY. IF YOU THINK ABOUT WHERE WE WERE 10 YEARS AGO, FIVE YEARS AGO. THE DEVELOPMENTS THAT WE HAVE SEEN. HAVE YOU EVER SEEN ANYTHING HAPPEN? >>I HAVEN’T. I’VE SEEN NEW ENTRANTS COME ON THE SCENE. THE COMMERCIAL SPACE INDUSTRY, THE DRONE ISSUES ARE ISSUES WE ARE WORKING ON. BUT URBAN AIR MOBILITY SEEMED TO POP UP OUT OF NOWHERE. AND YOU CAPTURED EVERYBODY’S IMAGINATION, IT’S REALLY. IT’S EXCITING. OF COURSE EVERY TIME YOU DEAL WITH A NEW ENTRANCE THAT BRINGS NEW IDEAS YOU HAVE ALL THESE CHALLENGES. TO DEAL WITH TOO. IN TERMS OF PEOPLE’S UNDERSTANDING OF THE INDUSTRY AND WHAT IT IS. BUT ALSO PUBLIC PERCEPTION. AS WELL. >>THAT’S A TOUGH ONE. YOU MENTIONED BEFORE, SAFETY. I’D LIKE TO COME BACK TO THAT. AT THE CORE TO SO MUCH OF WHAT WE ARE DOING ACROSS UBER REALLY. HOW DO YOU WORK WITH THESE AGENCIES AND SHARE WITH THEM YOUR BEST PRACTICES? AND ENCOURAGE INNOVATION WITHOUT COMPROMISING THE SAFETY?>>IT’S A GOOD QUESTION. I JUST FOUND OUT ON MONDAY I’M GOING TO BE TESTIFYING AT THE BOEING SEVEN 37 MAX HEARING. SO I’M GLAD I HAD THE BACKGROUND I’VE HAD ON THE HILL AND FAA AND WORKING IN THE INDUSTRY ALL THREE OF THOSE TO BE ABLE TO SEE THE COLLABORATION FROM ALL SIDES. BECAUSE REALLY THE FACT THAT WE HAVE A SAFETY CULTURE AND I KNOW YOU GUYS HEARD FROM PEGGY GILLIGAN AND MIKE WAS HERE YESTERDAY AND YOU HEARD FROM THE SECRETARY BUT TO HAVE A SAFETY CULTURE IN WHICH THERE AREN’T PUNITIVE CONSEQUENCES TO COMING FORWARD AND SHARING INFORMATION ABOUT RISKS OR CONCERNS. THAT IS ABSOLUTELY CRITICAL TO THE RECORD WE HAVE DEVELOPED WHICH IS SECOND TO NONE. WE MOVED 2.4 MILLION PEOPLE A DAY IN 58,000 TONS OF CARGO A DAY. IT’S AMAZING. WHAT THIS INDUSTRY DOES. FOR OUR ECONOMY AND CONNECTING PEOPLE. ALL SAFELY. UP UNTIL VERY RECENTLY WE HAD GONE 10 YEARS WITHOUT A SINGLE FATAL ACCIDENT RATE. WHICH IS, IT’S SAFER TO FLY THAN IT IS TO STEP IN THE SHOWER OR WALK ACROSS THE STREET FRANKLY. WE ARE VERY PROUD OF THEIR RECORD. IT’S DEFINITELY BEEN AN INTENTIONAL JOURNEY OF COLLABORATING WITH THE REGULATORS. SHARING INFORMATION THAT I THINK TYPICALLY THE INDUSTRY MIGHT NOT WANT TO SHARE WITH THE REGULATOR BUT WE KNOW WE CAN DO IT BECAUSE WE ARE COMMITTED TO THE SAFETY. WE CAN’T COMPETE ON THE SAFETY ISSUE. I THINK THAT’S CERTAINLY A MESSAGE I APPRECIATED WHEN HE TALKED TO ME SAYING THAT SAFETY WAS ONE OF THE THINGS THAT THEY APPRECIATED ABOUT OUR INDUSTRY. I THINK IF YOU ALL ARE IN A UNIQUE POSITION TO BE ABLE TO LEARN FROM SOME OF THE THINGS THAT COMMERCIAL AVIATION HAS DONE. CREATING THE TABLE THAT WE SIT AROUND WITH THE REGULATOR, THE MANUFACTURERS, THE NEW ENTRANCE TO COMMERCIAL AVIATION SYSTEM. ALL OF THESE DATA PROGRAMS WHERE WE PROVIDE THE FAA AND SHARE THE IDENTIFIED INFORMATION AMONG COMPETITORS TO TRY TO LOOK AT TRENDS AND DO ANALYSIS ON WHAT IS THE NEXT BIG THING. SO THAT IS WHY FRANKLY AS WE ARE IN THE MIDDLE OF THIS TOUGH CONVERSATION ABOUT THE BOEING 737 I AM PROUD TO BE REPRESENTING AN INDUSTRY WHERE WE DON’T CALL IT COZINESS. IT’S NOT COZY, IT IS COLLABORATION THOUGH. AND YOU HAVE TO HAVE THAT LEVEL OF COMMUNICATION AND TRUST BETWEEN THE REGULATOR, THE MANUFACTURERS, AND THE OPERATORS. >>THANK YOU FOR SHARING THE PERSPECTIVE. IT’S IMPORTANT. WHEN YOU TALK ABOUT COLLABORATION I DO THINK THERE ARE OPPORTUNITIES FOR SYNERGIES AND COLLABORATION BETWEEN THE AIRLINE INDUSTRY IN THE URBAN AIR MOBILITY INDUSTRY. I THINK ONE OF THE PLACES FOR COLLABORATION IS ON WORKFORCE SHORTAGES. WITH PILOTS WITH OPERATORS, WITH MECHANICS. CAN YOU TALK TO US A LITTLE BIT ABOUT THE WORK THAT INDIVIDUAL COMPANIES HAVE DONE IN THAT SPACE CURRENTLY OR ASPIRATIONAL HE? >>YES. THE PILOT SUPPLY ISSUE IS REAL. WE’VE DEFINITELY SEEN A SMALL COMMUNITY SERVICE WHICH IS IMPORTANT AT CAPITOL HILL. AS YOU KNOW. IMPACTED BY THE PILOT SUPPLY ISSUE. SO WE’VE DONE THINGS LIKE INDIVIDUAL COMPANIES HAVE STARTED WHAT WE CALL SOME PROGRAMS. REALLY JUST STARTING FROM SCRATCH SAYING YOU DON’T NECESSARILY NEED TO GO TO A FOUR-YEAR PROGRAM, YOU CAN START A PROGRAM AT THE JETBLUE ACADEMY OR THE AMERICAN AIRLINES ACADEMY AND WORK YOUR WAY AND PARTNERED WITH REGIONALS TO HAVE THEM START THEIR AND GET THEIR TRAINING THAT WAY. WE ARE ALSO WORKING WITH THE REGIONAL AIRLINE ASSOCIATION ON TRYING TO PROVIDE SOME FINANCIAL HELP FOR TRAINING. GETTING THAT 1500 HOURS. IT’S NOT INEXPENSIVE. AND WHEN YOU THINK ABOUT THE FACT THAT YOU HAVE PLENTY OF STUDENT LOANS AND FINANCIAL AID FOR DIFFERENT LOCATIONS WE THINK THIS IS ONE THAT MERITS THAT KIND OF ASSISTANCE. >>THAT’S GREAT TO HEAR, THAT’S GREAT. PARTNERING AND BEHAVING IN THERE. CURRENTLY, SPEAKING OF THE WORKFORCE SHORTAGES. THERE ARE ONLY SIX PERCENTS OF THE WORKFORCE ARE WOMEN. I’VE TWO DAUGHTERS IN THE AUDIENCE HERE TODAY. HOW CAN WE ENCOURAGE MORE WOMEN TO ENGAGE IN THE SPACE. THE PILOT, MECHANIC, ENGINEERING SPACE? >>I’M GLAD YOUR DAUGHTERS ARE HERE. I THINK THAT’S EXACTLY HOW WE START. WE START AT A YOUNG AGE. YOU SAID YOUR DAUGHTERS ARE NINE? WE HAVE PROGRAMS THAT START IN ELEMENTARY SCHOOL. AND REACHING OUT TO YOUNG GIRLS TO LET THEM KNOW THAT THEY CAN HAVE A CAREER IN AVIATION WEATHER THAT IS A MECHANIC, A PILOT. IT DOESN’T MATTER. BUT IT’S IMPORTANT TO SHOW THEM. I THINK OUR CEOs HAVE TAKEN IT ON AS A PERSONAL CHALLENGE TO DEVELOP OUR WORKFORCE AND THAT MEANS PROMOTING WOMEN SO THAT OTHER WOMEN WHO ARE COMING INTO THE INDUSTRY SEE THERE IS A CAREER PATHWAY. WE KNOW WE’VE GOT A LONG WAY TO GO. THAT’S WHY THIS PAST YEAR AIRLINES FOR AMERICA HAS PARTNERED WITH THE AEROSPACE INDUSTRY ASSOCIATION WHICH IS THE INTERNATIONAL AIRLINES, WE CONDUCTED A SURVEY OF ABOUT 9000 DIFFERENT BUSINESS LEADERS WOMEN AND EDUCATORS TO TRY TO EVALUATE AND IDENTIFY BEST PRACTICES. AND WE ARE JUST GETTING THAT BACK. THAT’S AN AREA WE WOULD LOVE TO HAVE. TO JOIN US IN THAT WORK AS WE IDENTIFY BEST PRACTICES AND GO OUT AND TALK TO WOMEN ABOUT WHAT THE POTENTIAL IS FOR AVIATION CAREER. AS YOU KNOW, IT’S FUN, IT’S REALLY FUN AND COOL. I ACTUALLY USED TO ALWAYS SAY THAT COMMERCIAL AVIATION WAS SEXY. WHEN YOU CALLED I SAID WOW, I GET TO SIT WITH THE COOL KIDS. YOU GUYS ARE REALLY SEXY, THANK YOU FOR INVITING ME TO BE HERE TODAY. I WANTED TO SAY THAT AGAIN. >>SPEAKING OF THE FUTURE WE START THINKING ABOUT THE FUTURE OF AIR MOBILITY BUT WE ANNOUNCED HERE AT THE SUMMIT THAT WE NAMED OUR THIRD INTERNATIONAL CITY THAT WE WILL BE PILOTING. MELBOURNE, AUSTRALIA. WHICH MAKES ME START THINKING ABOUT LONG DISTANCE FLIGHTS. SO IF I WAS HERE IN DC AND TAKEN UBER AIR TO DULLES AND GO TO MELBOURNE TO SEE THE DEMONSTRATION. SAY THAT HAPPENS IN A COUPLE OF YEARS. WHAT DOES THAT LOOK LIKE? WHAT IS THE FUTURE OF LONG DISTANCE TRAVEL? >>FIRST WHILE WE ARE SUPER SUPER EXCITED THAT YOU ARE GOING TO BE BRINGING MORE PEOPLE TO THE AIRPORT AND I WAS TALKING TO ONE OF MY AIRPORT COLLEAGUES YESTERDAY, WE NEED TO THINK MORE ABOUT THAT AND FRANKLY HOW THAT WILL WORK IN TERMS OF THE SPACE. I THINK THAT THE THING WITH ALL THE OPPORTUNITIES AS THEY DO HAVE CHALLENGES. WE NEED TO FIGURE OUT THE INFRASTRUCTURE IN THAT KIND OF THING. BUT THE FACT OF THE MATTER IS BOTH LONG-DISTANCE TRAVEL AND SHORT HOPS THE NATURE OF THE BUSINESS IS CHANGING. WE’RE NOT AFRAID OF THAT. WE EMBRACE AND WELCOME YOU GUYS. I WAS JUST AT A CONFERENCE LAST WEEK WITH THE SONIC BOOM PEOPLE TALKING ABOUT DOING SUPERSONIC TRAVEL OVER THE POND. AGAIN. WE WELCOME INNOVATORS AND DISRUPTORS. IT’S GOOD FOR THE AVIATION INDUSTRY, NOT TO SAY THERE ARE NOT CHALLENGES BUT THERE’S AN INCREDIBLE DEMAND OUT THERE FOR TRAVEL. WE ARE SEEING THAT THIS YEAR EVEN DESPITE THE BAD NEWS WITH THE MAX. 4% AND TRAVEL LAST YEAR. ANOTHER 4% IN PEAK SUMMER TRAVEL THIS SEASON AS WELL. AND INTERNATIONAL TRAVEL IS CERTAINLY THE FASTEST GROWING TRAVEL. THERE’S A LOT OF DEMAND. PEOPLE AS MUCH AS VIRTUAL REALITY AND FACE TIME ETC. I JUST GOT BACK FROM SOUTH AFRICA. PEOPLE LIKE TO TRAVEL. THERE’S NOTHING LIKE SEEING SOMEBODY IN PERSON AND SETTING YOUR FOOT DOWN IN A DIFFERENT COUNTRY. CONGRATULATIONS ON MELBOURNE. THANK YOU. >>I RECOMMENDED THEY HAVE NEXT YEAR’S ELEVATE SUMMIT IN MELBOURNE. WE WILL SEE. >>YOU TALK ABOUT COLLABORATION AND YOU TALK ABOUT THE COLLABORATION OUR INDUSTRIES CAN DO TOGETHER. AND YOU TALK ABOUT SAFETY. IF WE’RE TALKING ABOUT THE ABILITY TO BRING INDIVIDUALS DIRECTLY TO A TERMINAL FOR INSTANCE. THERE’S INFRASTRUCTURE CHANGES THAT COME ALONG WITH THAT. BUT THERE’S ALSO SAFETY, THEIR SECURITY ISSUES. PERHAPS PEOPLE ARE BEING PRESCREENED BEFORE THEY GO INTO THE AIRPORT IN ANOTHER LOCATION. YOU CAN TALK A LITTLE BIT ABOUT YOUR EXPERIENCES, 9/11 AND TSA. WHAT IS THAT LOOK LIKE AND WHAT ADVICE MIGHT YOU HAVE FOR THOSE WHO ARE STARTING TO THINK ABOUT THAT. >>AM GLAD YOU ARE ASKING THOSE QUESTIONS BECAUSE YOUR WORLD IS ALREADY INVOLVED THROUGH ALL OF THAT. BUT I THINK THAT THESE OTHER AGENCIES LIKE TSA AND DHS ARE ONES THAT ARE GOING TO BE QUICKLY INTERACTING WITH. WHAT WE HAVE FOUND IS THAT RIGHT NOW FRANKLY PART OF THE CONVERSATION IS THAT OUR PASSENGERS DO PAY INTO THE SYSTEM. THEY PAY FOR THE PRIVILEGE OF GOING THROUGH THAT LINE, BUT THE GOOD NEWS IS WE HAVE BEEN WORKING COLLABORATIVELY TO CREATE PROGRAMS LIKE GLOBAL ENTRY. I HOPE YOU ARE ALL IN IT. TSA’S PRE-CHECK THAT REALLY FACILITATES THE TRAVEL PROCESS. NOW WE ARE MOVING INTO THINGS LIKE I/O METRICS WHICH IS GOING TO MAKE THE PASSENGER’S JOURNEY EVEN MORE SMOOTHLY. WE NEVER FORGET THAT WE ARE THE REGULATED PARTY. HAVING WORKED IN THE FEDERAL GOVERNMENT I UNDERSTAND THAT THE REGULATOR AT THE END OF THE DAY MAKES THE CALL ON SAFETY AND SECURITY. AND WE FOLLOW. THE GUIDELINES THAT ARE PUT OUT. BUT WE HAVE FOUND THAT PEOPLE ARE REALLY WILLING, TALKING ABOUT SOMETHING THAT IMPROVES PASSENGER EXPERIENCE BUT ALSO IMPROVES CAPACITY, REDUCES CONGESTION, THE THINGS YOU GUYS ARE GOING TO BE DOING. THERE’S AN OPEN MIND TO THESE TYPES OF INNOVATIONS. >>THAT IS GREAT TO HEAR. BUT ON THE EXACT OPPOSITE SIDE. WHAT ARE SOME OF THE MORE THORNY ISSUES IN YOUR CAREER THAT YOU HAVE LOOKED AT THAT YOU HAVE BEEN A PART OF OR THAT YOU ANTICIPATE THAT PROVIDE A CASE STUDY FOR NEW MARKETS AND ENTERING INTO THE MARKET MAYBE IN TERMS OF REGULATION AND LEGISLATION AND INNOVATION. >>I THINK IN THINKING TO SOME OF THE ISSUES YOU ARE GOING TO BE FACING WHETHER IT IS A DIRECT FLIGHT PASS FROM DC TO AN AIRPORT. NSR SOME OF THE REMARKS AND I AGREE THAT WE WANT TO GET TO A PLACE THAT IT’S NOT ABOUT SEPARATING TRAFFIC BUT IT IS TRULY ABOUT INTEGRATING TRAFFIC. BUT TO BE TRULY INTEGRATED WE HAVE TO HAVE THE SYSTEMS THAT HAVE BEEN IN PLACE THAT ENABLE YOUR VEHICLE TO TALK TO A COMMERCIAL AIRLINE. THAT TYPE OF SITUATIONAL AWARENESS. SO I THINK THE EXAMPLE I WILL USE IS SOMETHING THAT WAS REALLY THORNY WAS THE COMMERCIAL SPACE INDUSTRY HAS REALLY BEEN GROWING WHICH IS FANTASTIC AND I KNOW YOU ARE GOING TO HAVE CHAIRMAN CRUISE HERE NEXT WHICH THE SUBCOMMITTEE IS THE COMMERCIAL SPACE. I KNOW HE HAS A REAL INTEREST IN THAT. WE HAD SOME HEARTBURN OUT WHEN THERE WAS A SPACEPORT THAT WAS PUT OUT AT FIVE MILES FROM DENVER WHICH IS THE FIFTH LARGEST AIRPORT IN THE COUNTRY. OUR HEARTBURN ABOUT THAT WAS NOT THAT WE DON’T SUPPORT COMMERCIAL SPACE BUT IT’S GOOD IF WE ARE DOING CONVERSATIONS LIKE THIS LONG BEFORE THOSE TYPES OF DECISIONS ARE MADE. I THINK AGAIN, WE ALL BENEFIT. WE ALL BENEFIT FROM SOME OF THESE NEW ONES GOING ON BEFORE. BECAUSE WE CAN LEARN HOW TO ADDRESS SOME OF THESE ISSUES MORE QUICKLY. THE THING THAT IS INTERESTING ABOUT AVIATION IS IT’S NOT JUST THAT WE WORRY ABOUT BEING OUT AND AROUND IN THE AIRPORT. BUT WE HAVE AN IN ROUTE SYSTEM IN TRAFFIC THAT’S GOING ON OUT THERE WITH THOUSANDS AND THOUSANDS OF FLIGHTS THAT CAN BE DISRUPTED. YOU KNOW, THAT WAS A BIT THORNY. BUT WE ARE WORKING THROUGH IT. >>THERE ARE ALWAYS THORNY ISSUES OUT THERE. I THINK PART OF WHAT THE GOALS OF SUMMITS LIKE THIS AND THE ECOSYSTEM THAT WE ARE TRYING TO CREATE IS PART OF UBER AIR AND UBER ELEVATE IS AN ATTEMPT TO ADDRESS THOSE ISSUES HEAD-ON. TO TAKE THEM QUICKLY AND TO BE ABLE TO ANTICIPATE THEM, WORK WITH ALL OF OUR STAKEHOLDERS THAT ALLOW US TO BE ABLE TO HAVE THOSE CONVERSATIONS. WE KNOW THAT THEY ARE GOING TO BE OUT THERE BUT LET’S DO OUR BEST TO MITIGATE THEM BEFORE THEY BECOME HOT. >>THANK YOU FOR THAT. I REALLY DO APPRECIATE. FOR US WE SEE MORE OF THE UPSIDE OF UBER ELEVATE BRINGING MORE PEOPLE TO THE AIRPORT. WE KNOW THEY’RE GOING TO BE ISSUES WITH INTEGRATION THAT WE ARE GOING TO FACE. BUT AGAIN. THINK WE ARE ON THE WAY. THE GOOD NEWS I WAS TELLING TONY EARLIER. THE ADMINISTRATION WHILE SAFETY IS THE FIRST PRIORITY. INNOVATION IS RIGHT THERE. NEXT TO IT. AND BELOW IT. SO THEY ARE COMMITTED TO THAT INNOVATION AGENDA AND I THINK THAT THAT CERTAINLY BENEFITS YOU ALL. I THINK YOU SHOULD TAKE ADVANTAGE OF I SAW PEGGY GILLIGAN YESTERDAY. ANYTIME THE WRITERS TOOK ABOUT A PERFORMANCE-BASED APPROACH TO REGULATION. ABSOLUTELY I THINK IT’S TIME TO GET IN THERE. YOU ARE CREATING A YOU TM A MANAGEMENT SYSTEM WE’VE BEEN TRYING TO GET TO THE NEXT PHASE AND MAKE IT AS FLEXIBLE AS POSSIBLE. SO — >>IT’S GOOD ADVICE, THANK YOU. WE WERE DELIGHTED TO HAVE FAA ADMINISTRATOR AND SECRETARY WHO BOTH RELATE TO THE IDEA OF INNOVATION. WE ARE ENCOURAGED BY THAT. >>I NOTICED SHE SPENT SOME TIME AND I WANTED TO ECHO THE EMPHASIS ON PUBLIC PERCEPTION. THAT IS SOMETHING OBVIOUSLY BACK TO THE SITUATION THAT DESPITE THE FACT WE HAVE THIS INCREDIBLE SAFETY RECORD, WE SAW THAT ONE INCIDENTS, TWO INCIDENTS. CAN REALLY UPSET. WHETHER IT IS A HELICOPTER CRASH IN NEW YORK OR ANYTHING. I WOULD URGE YOU TO TRY TO RECOGNIZE THAT THOSE PUBLIC PERCEPTIONS OF GETTING THE PUBLIC TO BUY AND WHICH AGAIN I THINK THIS KIND OF EVENT HAVING THE VEHICLES OUT. HAVING PEOPLE TOUCH AND FEEL THEM AND EDUCATING PEOPLE IS ALL PART OF THAT. SO CONGRATS. >>THANK YOU, THANK YOU. AS WE START TO CONCLUDE HERE, SHARON. ONE OF THE ANNOUNCEMENTS WE MADE WAS THAT UBER DRONES WILL BE PARTNERING WITH UBER EATS AND WE WILL BE MAKING DELIVERIES WITH McDONALD’S AND OTHER LOCAL CHAINS IN SAN DIEGO TO START. SO IF THAT WERE TO THE EXPANDED INTO THE WASHINGTON, D.C. AREA OR WHEREVER YOUR HOME OR OFFICES. ARE YOU FAMILIAR WITH UBER EATS? IS THAT SOMETHING WE SHOULD PUT UP HIGHER ON THE LIST FOR DELIVERY? >>THOSE OF YOU WHO ARE FROM DC. IT’S HARD TO GET IN THERE. >>IT IS HARD TO GET A TABLE. HOPEFULLY SOMEBODY IS LISTENING. MAYBE WE CAN GET A RESERVATION LATER. EXCITED ABOUT THAT. SHARON, WHAT ELSE IS COMING DOWN THE PIPE WESTMARK ANYTHING YOU GUYS ARE WORKING WITH YOUR MEMBER COMPANIES THAT WE SHOULD BE AWARE OF OR THINK ABOUT AS WE ARE BUILDING THESE TECHNOLOGIES IN OUR PARTNER COMMUNITIES? >>WE ARE SPENDING A LOT OF TIME ON AGAIN FOCUSING ON THE DHS ISSUES AND TRYING TO MAKE SURE THAT WE ARE IMPROVING SECURITY AND MOVING MORE AND MORE PEOPLE THROUGH THE BIOMETRICS ISSUE. IT’S ONE THAT WE SPENT A LOT OF TIME ON. AND IT’S CONTROVERSIAL. BECAUSE THE PRIVACY CONCERNS WHICH ARE LEGITIMATE AND NEED TO BE ADDRESSED I THINK THAT THE ALGORITHMS ARE GETTING BETTER AND BETTER. BUT I THINK HIGH-TECH COMPANIES LIKE YOURS CAN HELP POLICYMAKERS UNDERSTAND THAT WE DO NEED TO HARNESS TECHNOLOGY FOR GOOD. AND WE CAN IF IT IS UTILIZED CORRECTLY. THAT’S AN ISSUE THAT WE’RE SPENDING A LOT OF TIME ON TRYING TO EDUCATE MEMBERS ABOUT THE FACT THAT CBP IS TAKING ADEQUATE PRECAUTIONS ON PRIVACY.>>YOU MENTORED CRUISE. LATER THIS AFTERNOON I THINK WILL BE OUR NEXT GUEST. IN HIS CAPACITY AS CHAIRMAN OF THE AVIATION SUBCOMMITTEE. ON THE SENATE COMMERCE COMMITTEE. I IMAGINE YOU HAVE A LOT OF INTERACTIONS WITH HIM. IF YOU WERE HERE SITTING IN THIS CHAIR INTERVIEWING HIM, WHAT QUESTIONS WOULD YOU ASK HIM? MAYBE I WILL TAKE SOME NOTES. >>MANY PEOPLE KNOW THAT AIRLINES FOR AMERICA AND THE NATIONAL AIR TRAFFIC CONTROLLERS IN THE ADMINISTRATION ARE REALLY PUSHING A COUPLE YEARS AGO THE REFORM OF THE AIR TRAFFIC MANAGEMENT SYSTEM AND COMMERCIALIZATION TO BE MORE LIKE CANADA. TO TAKE IT OUT OF GOVERNMENT. WE SAW THESE SHUTDOWNS REALLY NEGATIVELY IMPACTING THE AVIATION SYSTEM. BELIEVE IT OR NOT WE’VE GOT $7 BILLION SITTING IN THE AIRPORT AND AIRWAYS TRUST FUND. IN THE HIGHWAY TRUST FUND IS GOING BROKE. WE’RE SITTING ON A LOT OF MONEY. IT KILLS US WHEN THE GOVERNMENT SHUTS DOWN AND THE FAA HAS TO SHUT DOWN AND THE NEXT GEN PROGRAM SHUT DOWN WHEN WE KNOW THERE ARE $7 BILLION SITTING IN THE BANK. SO WHAT WHAT I ASKED THE SENATOR? I WOULD PROBABLY SAY DIDN’T GET AIR TRAFFIC CONTROL, WHAT ARE THE KINDS OF THINGS THAT THE FEDERAL GOVERNMENT CAN BE DOING TO IMPROVE THE EFFICIENCY OF AIR TRAFFIC. SHORT OF FUNDAMENTAL CHANGES. A HABIT NOW HE IS INTERESTED. ONE OF THE THINGS WE’VE BEEN FOCUSING ON IN CANADA. THE CANADIAN SYSTEM HAS DEVELOPED A SATELLITE BASE SYSTEM, THEY HAVE PUT SATELLITES UP ON IRIDIUM AND LAUNCHED THOSE. IT’S GOING TO ALLOW FOR THE CONSTANT MONITORING OF AIRCRAFT WHERE THEY ARE. SO IT MAKES 370, THE WHOLE ISSUE LOSING THE PLANE WOULD NOT HAPPEN. IN FACT BACK TO THE 737 MAX WE PROVIDED THE DATA THAT SHOWED A SIMILAR PATTERN OF FLIGHT WITH ETHIOPIAN AIRLINES. THAT IS THE KIND OF TECHNOLOGY WE SHOULD BE DEVELOPING AND IMPLEMENTING IN THIS COUNTRY. UNFORTUNATELY BECAUSE OUR TRADITIONAL AIR TRAFFIC CONTROL SYSTEM IS KIND OF TRAPPED. IN THE POLITICAL PROCESS. I THINK THE QUESTION AND THE CHALLENGE FOR US IS HOW DO WE MOVE FORWARD ON THOSE. I THINK AGAIN I THINK YOU GUYS ARE IN A GOOD PLACE TO LEARN KIND OF WHAT YOU DON’T WANT. AND HAVING THE ABILITY TO FIELD NEW TECHNOLOGIES WITH A NEW YOU TM IS VERY EXCITING. SO TAKE ADVANTAGE OF IT. >>WE ARE CERTAINLY EXCITED HERE. IN QUEUE. WHAT WOULD IF YOU HAD YOUR COMPANIES APPEAR THAT WERE TALKING ABOUT URBAN AIR MOBILITY. WHAT KIND OF QUESTIONS WHAT THEY HAVE ARE COMPANIES LIKE UBER AIR AND ALL OF THE PARTNERS THAT WE ARE PUTTING TOGETHER IN THIS ECOSYSTEM? WHAT OTHER QUESTIONS? >>I THINK THE FRONT OF MIND QUESTIONS ARE PROBABLY WHAT ARE THE THINGS. HOW ARE WE GOING TO WORK TOGETHER LITERALLY ON THIS QUOTE UNQUOTE INTEGRATION, WE TALK A LOT ABOUT INTEGRATION AND COOPERATION. BUT WHAT DOES THAT REALLY LOOK LIKE. WHAT ARE THE KEYS OF YOUR VEHICLES IN TERMS OF BEING ABLE TO OPERATE INSTEAD OF AS DAN WAS SAYING INSTEAD OF JUST SEPARATING AIR TRAFFIC. TRULY INTEGRATED IN A WAY THAT IS SAFE. HOW DO WE REALLY GET THERE. FRANKLY WE HAVE AGAIN DRONED INTO STREETS BUT WE CAN SEE IT. IT TAKES THE FEDERAL GOVERNMENT EVEN ON SOMETHING LIKE REMOTE I.D. THAT WE ALL AGREE ON. IT TAKES A LONG TIME TO GET DONE. >>IT SURE DOES. I THINK THOSE ARE THE KINDS OF QUESTIONS THAT OUR FOLKS HAVE. >>YOU KNOW. A LOT OF OUR CEOs OR FORMER CFOS MIGHT ASK ON HOW YOU PLAN ON CONTRIBUTING TO THE SYSTEM. A LOT OF RESOURCES GO IN. AND WHAT I HAVE ALWAYS SAID WHETHER IT’S THE COMMERCIAL INDUSTRY OR THE DRONE INDUSTRY. I HAVE ALWAYS SAID MY SENSE IS THEY’RE WILLING TO PAY INTO A SYSTEM AS LONG AS IT IS RESPONSIVE AND YOU ARE GETTING SOMETHING BACK. >>I SAY THAT IS A LITTLE ABOVE MY PAY GRADE. BUT WE WILL BE OUT HERE LATER. SO WE WILL MAKE SURE THE CONVERSATIONS HAPPEN AS WELL. SHARON, THANK YOU SO MUCH FOR BEING WITH US TODAY. IT’S BEEN A REAL PLEASURE TO HAVE YOU TO SHARE YOUR INSIGHTS WITH US. WE REALLY APPRECIATE IT. >>I’M LOOKING FORWARD TO ALL OF THE PEOPLE SHOWING UP AT THE AIRPORT. >>THINKS EVERYBODY, THANK YOU. ♪ ♪ >>PLEASE WELCOME MICHAEL RONEN , MANAGING PARTNER, SOFTBANK INVESTMENT ADVISERS. AND CAPITAL MARKETS UBER. >>I WILL JUST START THIS WITH A QUICK INTRODUCTION ON MICHAEL. I’M SURE MICHAEL IS FAMILIAR WITH THE AUDIENCE. HE IS A MANAGING PARTNER FOR THE HUNDRED BILLION DOLLAR VISION FUND. A LOT OF YOU PROBABLY KNOW HIM AS THE EXPERT AT SOFTBANK RELATED TO TRANSPORTATION AND LOGISTICS. WE ARE HAPPY TO HAVE HIM HERE TODAY. PRIOR TO SOFTBANK MICHAEL WAS COO OF THE RT GROUP. TODAY WE ARE GOING TO EXPLORE A LOT OF DIFFERENT TOPICS. WE ACTUALLY HAD A BANKER THAT WAS AT OUR OFFICES THE OTHER DAY WHO REFERRED TO SOFTBANK AS THE FUND THAT IS TURNING ADVENTURE CAPITAL COMMUNITY UPSIDE DOWN. MAYBE IT’S GOING OUT A LITTLE BIT TODAY. I THOUGHT THAT WAS AN INTERESTING STATEMENT. THE VISION FUND HAS PROVEN TO BE A FORCE INVESTING BEHIND INNOVATION. HOW DO YOU THINK ABOUT SOFTBANK’S ROLE IN THOSE INNOVATIONS. >>THINKS FOR HAVING ME. IT’S AN EXCITING OPPORTUNITY TO BE A PART OF THIS. I THINK IT’S ONE OF THE PRIVILEGES OF BEING AT SOFTBANK. AND HAVING THE PARTNERSHIP WITH COMPANIES LIKE UBER TO HAVE THE ABILITY TO SET AND THINK THROUGH SOME OF THESE TRENDS AND DO THAT IN CONJUNCTION WITH THE GREAT MANAGEMENT TEAMS AT COMPANIES SUCH AS UBER IS A REAL PRIVILEGE. AND SEEING THIS IN THE POWER OF UBER TO CONVENE INDUSTRY LEADERS IS REALLY HUMBLING AND GREAT. THANK YOU. I THINK THE VISION FUND TWO OR THREE YEARS AGO WAS AN IDEA THAT PEOPLE WERE SKEPTICAL ABOUT. I WAS ONE OF THEM TO BE HONEST. I WASN’T SURE THAT THE CAPITAL WOULD BE THERE. THEN THERE WERE QUESTIONS ABOUT IS THERE GOING TO BE ENOUGH OPPORTUNITY TO INVEST IN SIZE IN WHAT IS STILL A HIGH RISK, HIGH RETURN TYPE OF MODEL. I THINK WE ARE STILL IN EARLY DAYS. I DON’T THINK ANYONE CAN — THAT THERE IS AN INCREDIBLE OPPORTUNITY TO AGGREGATE CAPITAL AND TO INVEST THOUGHTFULLY BEHIND MASSIVE TRENDS THAT ARE TRANSFORMATIVE AND THAT IS THE ROLE THAT THE VISION FUND FORMS THAT JUST WASN’T THERE BEFORE. BEFORE THAT THERE WERE VENTURE CAPITALIST’S. THERE WERE INTERMEDIARIES ON THE PUBLIC MARKETS. THERE IS PUBLIC MARKETS AND IN BETWEEN THERE WAS A BIT OF A GAP. AND THE VISION FUND HELPED TO FILL THAT GAP BY PROVIDING PRIVATE CAPITAL AS A SUBSTITUTE TO PRIVATE CAPITAL FOR A BIT OF TIME TO HELP COMPANIES SCALE AND THEN BECOME PUBLIC. I THINK VERY HUMBLY AS YOU LOOK AT THE LAST COUPLE YEARS WE HAVE DONE A GOOD JOB OF IDENTIFYING THE KEY SECTORS AND THE KEY AREAS OF OPPORTUNITY AND BEING AGGRESSIVE IN DEPLOYING THAT CAPITAL. >>RELATED TO THE ROLE YOU HAVE ALL PLAYED. I’M GOING TO JUMP AROUND A LITTLE BIT DIFFERENT THAN WE PROBABLY ORIGINALLY DISCUSSED. HE SAID PUBLICLY THAT SOFTBANK BECOMES INTERESTED WHEN COMPANIES ARE RAISING HUNDRED MILLION DOLLAR ROUNDS. WHAT ARE THE BENEFITS OF INVESTING AT THAT KIND OF SKILL?>>BY DEFINITION THE VISION FUND STARTS AT $100 MILLION INVESTMENT SIZE. BY AND LARGE WE SEEK MINORITY POSITIONS FOR THAT SIZE. AND BECOME AN IMPORTANT CONTRIBUTOR TO THE COMPANY WITH CAPITAL AND IDEAS AND DIRECTION. BUT NOT A DOMINANT OR CONTROLLING SHAREHOLDER. WE’RE NOT SEEING THAT. THE BENEFITS OF LARGE CAPITAL ARE OBVIOUS TO MANY PEOPLE. IT’S THE ABILITY AND MANAGEMENT TEAM AS IT IS IS VERY STRETCHED. FOCUSED ON HUGE CHALLENGES TYPICALLY OF IMPLEMENTING TECHNOLOGY AND IMPLEMENTING A GROWTH PLAN. IT ALLOWS THEM TO REALLY FOCUS ON DOING THAT AND NOT WORRY AT LEAST FOR A PERIOD OF TIME ABOUT RAISING MORE CAPITAL WHICH IS A HUGE DISTRACTION FOR GROWTH COMPANIES. IT ALSO ALLOWS THIS COMPANIES BEFORE GOING PUBLIC TO SUSPEND THE NEED TO SHOW IMMEDIATE PROFITABILITY AND SACRIFICE PROFITABILITY FOR MARKET SHARE, FOR GROWTH. THE DRAWBACKS COULD BE OF COURSE THAT IF NOT WELL SPENT THE CAPITAL WILL BE WASTED. COMPANIES WILL BE LESS EFFICIENT WITH DEPLOYING THE CAPITAL. MOSTLY BECAUSE THEY HAVE NOT HAD THE EXPERIENCE ON HOW TO DO THAT BUT THEY DON’T HAVE THE ABILITY TO SCALE IN A WAY THAT IS VIABLE. WE’RE SPENDING A TREMENDOUS AMOUNT OF TIME AS AN INVESTMENT TEAM AND AS AN OPERATING TEAM. WE’VE RECRUITED QUITE A FEW VETERAN OPERATORS ACROSS DIFFERENT INDUSTRIES IN MENTORING THEM AND SUPPORTING THEM AND HELPING THEM THINK THROUGH THE SCALE PLAN THAT THEY HAVE TO EXECUTE TO ENSURE THE PITFALLS DO NOT OCCUR. I THINK THAT’S A SIDE OF THE VISION FUND THAT VERY FEW PEOPLE ARE FAMILIAR WITH. BUT IT’S A VALUABLE PART OF THE PROPOSITION. AND OUR INVESTMENT PLATFORM. IT’S VERY RARE THAT THE INVESTMENT PLAN AND THE BUSINESS PLAN THAT CAME TO US IS THE ONE THAT GETS EXECUTED. IT’S TYPICALLY A DIFFERENT ONE THAT’S INFLUENCED BY US. BOTH BY ADVICE AND PARTNERSHIPS AND ACTUAL PEOPLE. WE HELP THEM DEPLOY THAT CAPITAL IN A THOUGHTFUL WAY. >>TALK A LITTLE BIT MORE ABOUT HOW YOU DETERMINE THE APPROPRIATE AMOUNT OF CAPITAL. THE HEADLINES AND AT LEAST THE HEADLINES WE SEE SUGGEST THAT THE AMOUNTS ARE GETTING BIGGER AND BIGGER. IS THAT HAPPENING. ARE YOU INVESTING IN MORE MATURE COMPANIES, HOW ARE YOU THINKING ABOUT THAT DECISION? >>IT’S ALWAYS A PROCESS. SO THERE’S A DUE DILIGENCE PROCESS OF UNDERSTANDING AS ANY OTHER INVESTOR WOULD DO THE APPROPRIATENESS OF THE INVESTMENT AND MAKING JUDGMENTS ON THE TECHNOLOGY, THE BUSINESS PLAN AND THE BUSINESS MODEL, THE MANAGEMENT TEAM, ETC. THEN AS PART OF THAT BUT SUBSEQUENT TO THAT A PROCESS OF BUSINESS PLANNING THAT ALSO HELPS US SIZE THE CAPITAL NEED IT’S A NEGOTIATION TYPICALLY WITH THE INVESTOR BASE AND THE MANAGEMENT TEAM ON THAT AS WELL. THEY WANT TO BALANCE THE OPPORTUNITY AT THE END OF WHICH THERE IS A BUSINESS PLAN. IN THE BUSINESS PLAN TYPICALLY WILL NEED TO SHOW A LEVEL OF FUNDING THAT IS APPROPRIATE FOR THE GROSS. BECAUSE BY DEFINITION THE PLAN WILL NOT, WILL BE EXECUTED BUT THE OUTCOMES WILL BE DIFFERENT THAN WE THINK. SO THERE’S SOME CUSHION BUILT INTO IT. BUT WE ARE SIZING IT TO ALLOW THE COMPANY TO OPERATE WITH FREEDOM FOR AT LEAST A PERIOD OF TIME TO GROW INTO THE MARKET THAT THEY ARE SEEING. WE ARE ALSO TYPICALLY TRUDGING THE INVESTMENTS. RATHER THAN HAVE CASH SIT ON THE BALANCE SHEET UNSUPERVISED THEIR TYPICALLY TIED TO MILESTONES OR NEED OF THE COMPANY. OVERALL, THE PACKAGE IS STILL WHAT I WOULD CALL FREEDOM LEVEL CAPITAL. THE ABILITY TO BUILD YOUR BUSINESS AND FOCUS ON THE IMPORTANT STUFF WHICH IS TECH AND EXECUTION. IT’S DONE IN A RESPONSIBLE WAY THAT ALLOWS THE COMPANY TO PACE ITS GROWTH ACCORDINGLY AS WELL. >>THANK YOU. GOING TO SWITCH GEARS A LITTLE BIT AND TALK MORE ABOUT YOUR STRATEGY IN THE INVESTMENT SPACE. WHAT DO YOU SEE AS THE WINNING INVESTMENT THESIS FOR THE FUTURE OF INNOVATION. WHAT ARE THE CORE ELEMENTS YOU EVALUATE? >>OKAY, HOW MUCH TIME DO WE HAVE? AT A HIGH LEVEL AN UBER IS A GREAT EXAMPLE OF THAT. A COMPANY THAT COMBINES INCREDIBLY WELL EXECUTED TECHNOLOGY WITH SKILL AND MARKET OPPORTUNITY IS STILL I THINK VERY UNTAPPED RELATIVE TO THE POTENTIAL. BY DEFINITION WHEN WE ARE INVESTING IN THE SIZE AND TALKING ABOUT WE EFFECTIVELY START FROM THE BACK. WE START FROM THE MARKET OPPORTUNITY, THE SIZING OF WHERE THE END MARKETS CAN BE FOR WHATEVER IT IS WE ARE INVESTING IN. WHETHER IT BE UBER ELEVATE OPPORTUNITIES. UBER ITSELF IN THE LAST COUPLE OF YEARS AND OTHER OPPORTUNITIES I WOULD SAY OBVIOUSLY TRANSPORTATION IS A BIG PART OF THE LOGISTICS IS A BIG PART. IT’S ONLY ONE OF SEVERAL LARGE PILLARS CENTERED AROUND AI AND TECHNOLOGIES. INCLUDING REAL ESTATE AND CONSUMER AND OTHER. CONTINUES TO BE AN INCREDIBLE COMPANY TAPPING THE MARKET THAT IS STILL UNDERPENETRATED. AS THE FATHER OF THREE TEENS I CAN TELL YOU THAT I STILL SEE THEM, I SEE THEM AS USERS BUT I SEE THEM AS POTENTIAL BIGGER USERS AS EVERYTHING THAT UBER HAS TO OFFER NOW AND IN THE FUTURE. I THINK AS YOU LOOK TO THE YOUNGER GENERATION YOU CAN SEE WHERE THE MARKET OPPORTUNITY FOR UBER AND OTHER COMPANIES ARE. IS IT GOING TO BE A VERY LARGE MARKET? WITH AND FOCUS ON UNIT TECHNOLOGY ENABLING THAT SOLUTION. IS THE COMPANY OFFERING UNIQUE, PROTECTED, THOUGHTFULLY EXECUTED ETC. THEN MANAGEMENT TEAM. PROBABLY NOT MY ORDER BUT THE MANAGEMENT TEAM AND THE DNA OF THE COMPANY WHICH IS VERY HARD TO ASSESS. BECAUSE THERE ARE SO MANY GREAT PEOPLE OUT THERE. IT NEEDS TO BE A CERTAIN MANAGEMENT TEAM AND DNA OF A FOUNDER GROUP THAT WILL ALLOW THEM TO OBSERVE THIS CAPITAL, DEPLOYED WITH THEIR TECHNOLOGY AGAINST A VERY VERY LARGE MARKET OPPORTUNITY. NOT EVERYONE IS INTERESTED IN DOING THAT. IF WE FIND THE COMBINATION OF THESE THINGS WE INVEST AND INVEST IN SIZE AND THE BEAUTIFUL THING ABOUT TRANSPORTATION AND LOGISTICS NOW IS PART OF TRANSPORTATION AS IT SEEMS TO ME AND SEEMS TO US IN THE VERY EARLY DAYS OF DISRUPTION. WHAT HAPPENED IN COMMUNICATION NETWORKS 20 YEARS AGO, 25 YEARS AGO, 10 YEARS AGO WITH BROADBAND AND DELIVERY AND MOBILITY OF BROADBAND TO THE MOBILE DEVICE. ALL THESE THINGS THAT UPENDED HUGE MARKET CAPS FROM ONE GENERATION OF INVESTOR TO THE OTHER IS JUST BEGINNING TO HAPPEN IN TRANSPORTATION. THE PHYSICAL NETWORK OF TRANSPORTATION THAT HAD RAILS AND HUMAN DRIVEN CARS. AND JET ENGINE DEVICES AND TO TAKE ADVANTAGE OF SCALE. AND WE’RE LITERALLY IN THIS CONVENTION AND THE BEGINNING OF THAT TREND. >>WHEN YOU LOOK AT THE COMPANIES IN THE SPACE STRUCTURALLY OUR SPACE OF THINGS THAT INVOLVE MOBILITY AND DELIVERY. YOU CAN COMPARE TO. THE GOOBERS THAT ARE THE COMPANIES IN THE FOOD DELIVERY SPACE. WHAT SITUATIONS DO YOU THINK PLATFORM COMPANIES ARE BETTER POSITIONED AND HOW DO YOU THINK ABOUT THE TWO COMPANIES WHEN YOU EVALUATE INVESTMENT OPPORTUNITIES? >>WE ARE NOT DOGMATIC ABOUT ONE OR THE OTHER. I GO BACK TO THE PILLARS OF INVESTING AND MARKETS TECHNOLOGY CONSUMER PROPOSITION MANAGEMENT TEAMS. YOU WILL FIND WHEN YOU HAVE SECULAR GROWTH AND VERY LARGE MARKETS AND YOU ARE AT THIS STAGE YOU CAN FIND WINNERS THAT ARE ON BOTH ENDS. 5 TO 10 YEARS FROM NOW IT MAY BECOME MORE FRENCH HATED, THAT BEING SAID I THINK WE ARE HUGE SUPPORTERS OF UBER TRANSFORMATION AND EVOLUTION WHICH IS STILL I AM USING THESE WORDS CAREFULLY BECAUSE IT STILL SUCH AN EARLY STAGE FOR UBER ITSELF BUT WE ARE SUPPORTED AND HIGHLY ENTHUSIASTIC ABOUT THE FACT THAT UBER IS AGGREGATING ITS OWN PROBLEM TO BECOME THIS PLATFORM. I THINK IF YOU ARE WITH ANY OTHER BUSINESS. SAYING YOU ARE GOING TO DO THAT AND OFFERING THE VISION IS ONE THING. EXECUTING TO PERFECTION IS A VERY DIFFERENT THING. I THINK UBER IS ON ITS WAY TO DOING SO. WE DO BELIEVE IF YOU BUILD A PLATFORM THAT GIVES CONSUMERS GREAT VALUE, EASE-OF-USE, AND ABILITY TO GET WHAT THEY NEED FROM THE PLATFORM WITH CONFIDENCE IT’S A REAL MOAT THAT THE SCALE IS VERY DIFFICULT TO REPLICATE. I COME FROM, I USED TO DO A LOT OF WORK IN TELECOM IN THE LAST 20 YEARS. BUT WHAT HAPPENED WITH THAT INFRASTRUCTURE AND THOSE THEMES. FOR THOSE OF YOU WHO REMEMBER PEOPLE TALKED ABOUT SEAMLESS MOBILITY AS PART OF THE PROPOSITION WIRELESS COMMUNICATION. THAT DIDN’T EXIST. PEOPLE TALKED ABOUT IT. IT’S ONLY IN THE LAST FIVE OR THREE OR FOUR OR FIVE YEARS WHEN CLOUD SERVICES DEVELOPED AND BLUETOOTH TECHNOLOGY DEVELOPED THAT YOU CAN USE TO TAKE YOUR PHONE FROM YOUR CAR, TO CONTINUE TO LISTEN TO THE SAME PODCAST AND ACCESS IT ON ANY DEVICE AT HOME. THAT WAS A VISION AND NOW IT IS A REALITY. THE COMPANIES THAT HAVE THAT CAPABILITY WHETHER IT IS APPLE OR GOOGLE OR OTHERS HAVE CREATED A REMOTE. I THINK THAT’S AN OPPORTUNITY FOR PEOPLE IN UBER TO DO AS WELL. >>DO YOU THINK THEY WILL ALL HAVE TO MIGRATE BEING PLATFORM COMPANIES TO RE-CREATE THE SAME ADVANTAGES? >>THE MARKET SORTS ITSELF OUT. IF THERE’S GOING TO BE PEOPLE THAT ARE VERY SUCCESSFUL IN OPERATING IN A PLACE AND CREATE SOME VALUE AND A BRAND AND CUSTOMER LOYALTY AND MOST LIKELY THEY WILL EITHER NEED TO TRANSFORM OR EVOLVE OR GET ABSORBED IN THE BEAUTIFUL THING ABOUT THE MARKETS WE OPERATE IN OUR THEY ARE GENERALLY EFFICIENT. THEY MAY BE INEFFICIENT AT ANY POINT IN TIME WHEN YOU FREEZE THE VIDEO AND STARE AT EVALUATION OR STARE AT A POINT IN TIME. AS YOU PLAY THE VIDEO FORWARD, BACKWARDS, AND FORWARDS. THEY WILL ADJUST TO BECOME EFFICIENT. IF COMPANIES LIKE UBER CONTINUE TO DELIVER GOOD CUSTOMER SERVICE AND CONSUMER PROPOSITION THE MARKETS WILL EVOLVE INTO CONSOLIDATING THESE OPPORTUNITIES TO BIGGER PLATFORMS. >>GREAT. THE LOGISTIC SPACE IS A BIG PART OF YOUR VISION. HE SPENT A LOT OF TIME. WHAT DO YOU SEE AS THE FUTURE OF THE SECTOR AND HOW DO AUTONOMY AND ELECTRIFICATION FACTOR IN? IT’S A TOUGH ONE. HOW DOES THAT SHAPE YOUR THESIS ON UBER? >>WE TALKED A LITTLE BIT MORE ABOUT THIS BUT I CAN EXPAND. OBVIOUSLY THEY’RE VERY INTERTWINED. ELECTRIFICATION, SHARED MOBILITY. CAPABILITIES THAT COME WITH WIRELESS CONNECTIVITY AND AGGREGATION OF LARGE CROWDS. AND THE COMPUTING ELEMENTS IN THAT CREATE NEW OPPORTUNITIES. OF COURSE UBER WAS AN EARLY ADOPTER OF THESE CAPABILITIES. BUT WE ARE IN THE BEGINNINGS OF THAT TREND. I THINK AMAZON IS A GREAT CASE STUDY OF TAKING SOME OF THE SAME CORE CAPABILITIES AND PROVIDING THE LEVEL OF SERVICE, A LEVEL OF CUSTOMER EXPERIENCE THAT IS RIGHT NOW RIVALED BY NONE. IF YOU THINK ABOUT ELECTRIFICATION, COMMUNICATIONS, AND BROADBAND CONNECTIVITY OPPORTUNITY AROUND IT. YOU WOULD THINK THAT THERE IS AN ABILITY TO AGGREGATE OTHER COMMERCE PLATFORMS, PROVIDE THEM WITH THE SAME OR SIMILAR, MAY BE BETTER OVER TIME LOGISTICS CAPABILITIES TO BE ABLE TO COMPLETE WITH THEM BECAUSE NOT EVERYONE WOULD WANT TO BE PART OF THE AMAZON ECHO SYSTEM. IT’S THE MARKETPLACE THAT NEEDS TO BE COMPETITIVE AND WILL BECOME COMPETITIVE OVER TIME. AMAZON AGAIN WILL CONTINUE TO BE A SUCCESSFUL COMPANY GIVEN WHAT IT HAS ACHIEVED AND THE MODES IT HAS CREATED WITH CONSUMERS ON THE LOGISTICAL SIDE. OTHERS HAVE TO CATCH UP. AND THE CAPITAL AND THE INVESTMENT THAT NEEDS TO HAPPEN TO ENABLE LAST MILE DELIVERY, EFFICIENT LOGISTICS. EFFICIENT UBER, ALL THAT IS ESSENTIALLY A TREND THAT WILL BEGIN TO USE THE SAME TECHNOLOGY LOVERS AS UBER TRUCKING AND FREIGHT IS DOING. TO ENABLE A MUCH MORE EFFICIENT LOGISTICS SUPPLY CHAIN IF YOU WILL FOR THE WORLD INCLUDING AMAZON THE WORLD THAT IS NOT AMAZON. SO WE ARE LOOKING TO INVEST BEHIND THE CORE THEME, WE HAVE INVESTED IN COMPANIES SUCH AS NORA WHICH DOES A TON MISDELIVERY. A MOAT IN THAT DIRECTION. WE HAVE INVESTED IN A COMPANY CALLED FLEX PORT. WHICH IS IN THE INTERNATIONAL FREIGHT BUSINESS AND WE ARE ACTIVELY LOOKING AT ALL THESE DIFFERENT PLACES IN THE INEFFICIENCIES IN THE GLOBAL SUPPLY TO FIND THE RIGHT TECHNOLOGY, THE RIGHT TEAMS AND THE RIGHT OPPORTUNITIES TO ENABLE A WORLD IN WHICH WE BELIEVE IN WHERE CONSUMERS RIGHT NOW ARE VOTING WITH THEIR FEET ON THE FOOD BUSINESS TO GET EVERYTHING AT HOME, PEOPLE DON’T SEEM TO BE COOKING AS MUCH AS THEY USED TO IN THE PAST. WILL EQUALLY BE ABLE TO CONSUME GOODS AND SERVICES BUT CONVENIENCE AND OTHERS AT HOME WITH THE SAME LEVEL OF EFFICIENCY AND CONVENIENCE RATHER THAN GOING TO CONVENIENCE STORES, SUPERMARKETS OR OTHER VENUES. TO BE ABLE TO DO THAT AT SCALE YOU NEED A COMPLETELY DIFFERENT SUPPLY CHAIN. YOU NEED A COMPLETELY DIFFERENT LEVEL OF INTEGRATION. AND THEY LOGISTICS MARKETPLACES. AND THERE IS SIGNIFICANT OPPORTUNITY TO INVEST IN SCALE TO BUILD THESE TYPE OF NETWORKS. IF YOU THINK ABOUT IT AS A NETWORK AND INFRASTRUCTURE BUSINESS. AT THE END OF THE DAY TECHNOLOGY AND SCALE WILL CREATE THE LOWEST-COST AND MOST EFFICIENT NETWORKS JUST AS IT WAS A TELECOM WHERE WE HAD DOZENS OF WIRELESS CARRIERS IN THE U.S. 20 YEARS AGO AND WE NOW HAVE 304. THE SAME WILL APPLY TO THE TYPES OF LOGISTICS AND CAPABILITIES WE NEED TO EXIST TO ALLOW MY KIDS TO PULL UP A PHONE AND PRESS THREE BUTTONS AND WITHIN 30 MINUTES GET WHATEVER THEY WANT TO GET TO THEIR DOORSTEP. I HOPE THEY ARE NOT WATCHING. >>TALK A LITTLE BIT MORE ABOUT THE INVESTMENT STRATEGIES. IT SOUNDS LIKE YOU PICKED YOUR SPOTS WHERE YOU THINK IT IS IMPORTANT TO PLAY. DO YOU THEN TRY TO PICK THE WINNER IN THE SPACE I DO TEND TO WANT TO INVEST IN A PARTICULAR PLACE AND PLACES MANY BETS ON THAT MARKET? >>WE ARE NOT TRYING TO PICK THE LOSERS. I THINK THAT’S CLEARLY NOT THE STRATEGY. I THINK THE ANSWER IS IT DEPENDS. BY AND LARGE AND AGAIN AS THE CASE WAS WITH UBER. WE WOULD MUCH RATHER PARTNER WITH A COMPANY THAT IS EITHER ALREADY IN THAT POSITION OR WITH OUR HELP CAN BECOME CAN BE PART OF THAT POSITION. THAT’S CERTAINLY THE FOCUS POINT. IF THE COMPANY IS NOT, AND AGAIN. THESE EARLY DAYS UNTIL MARKETS. BEING IN THE FIRST POSITION IN THE MARKET THAT GROWS 40, 50, 70, 100% A YEAR IS ONLY AS GOOD AS IT IS FOR THAT DAY. THE NEXT DAY THE GROWTH IN THE MARKET ALLOWS OTHER PEOPLE TO GROW INCREDIBLY FAST AS WELL. SO YOU’VE GOT TO BE VERY VERY CAREFUL ABOUT THIS. YES. WE GENERALLY WANT TO BACK COMPANIES THAT HAVE ESTABLISHED A LEAD OR HAVE A REAL SIGNIFICANT OPPORTUNITY TO DO SO BASED ON THEIR TECHNOLOGY. IN SOME CASES. BECAUSE OF THE TYPES OF COMPLEXITIES THAT YOU SEE IN THE MARKETPLACES. WE WILL HAVE MORE THAN ONE INVESTMENT THAT TOUCHES ANOTHER. MANY TIMES IT WON’T BE EXACTLY THE SAME COMPANIES. IT WILL BE COMPANIES THAT HAVE SOME SHARED VISIONS OR SHARED. BUT DIFFERENT FOCUS AREAS. WE WOULD SEE AN OPPORTUNITY FOR EACH ONE OF THEM TO BE SUCCESSFUL BECAUSE THE MARKET ITSELF ALLOWS EACH ONE OF THEM TO EXPAND SIGNIFICANTLY. WE ARE BEING FLEXIBLE IN THE WAY WE THINK ABOUT IT. I WOULD SAY THE LAST POINT IS AGAIN, FREEDOM LEVEL CAPITAL ALLOWS US TO NOT JUST BACK COMPANIES WE THINK ARE GOING TO BE SUCCESSFUL AND HOPEFULLY LEAVE THEIR MARKETS BUT ALSO ENABLE THEM TO GET THERE. SO, IT’S THE TYPE OF CAPITAL THAT ALLOWS IT TO DO THAT. THE FOCUS THAT THIS CAPITAL ALLOWS THEM TO HAVE. AND IT’S THE CONNECTIVITY TO THE REST OF THE PORTFOLIO AND TYPE OF OPERATION THAT GETS THEM IN THAT POSITION. >>ONE LAST QUESTION. CAN YOU TALK ABOUT THE FUTURE OF MEGA FUNDS THAT THE VISION FUND. WAS IT A ONCE-IN-A-LIFETIME TYPE OF FUND? YOU THINK OTHERS WILL TRY TO REPLICATE IT. AS YOU ALL ARE OUT RAISING YOUR SECOND FUND WOULD YOU BE INTERESTED TO HEAR THE CHANGE IN INVESTMENT STRATEGIES. THE FIRST FUND THAT YOU MIGHT EMPLOY AS YOU GET THE FUND. >>SO, I WOULD START WITH WHERE WE STARTED THE CONVERSATION A FEW MINUTES AGO. THE VISION FUND IF YOU THINK ABOUT UBER AS A CASE STUDY COMING IN A YEAR AND A HALF AGO. REPLACING PREVIOUS CAPITAL THAT NEEDED AN EXIT PROVIDING ADDITIONAL CAPITAL SUPPORT. IN HELPING THE COMPANY IS GOES PUBLIC AND BEYOND. I THINK THOSE OPPORTUNITIES ARE RARE. CERTAINLY THE LEVEL AND SKILL AND QUALITY OF UBER, BUT THEY WILL EXIST. IT’S BEEN PROVEN THAT THAT IS THE CASE AND YOU WILL NEVER BE ABLE TO PROVE THAT THERE ARE 10 OR 15 OF THESE AT ANY POINT IN TIME. BUT INTELLECTUALLY YOU CAN WRAP YOUR HEAD AROUND THAT THAT THEIR GROWTH COMPANIES THAT ARE A YEAR OR TWO AWAY THAT REQUIRE THIS TYPE OF OPPORTUNITY. AND WILL FIND A MATCH WITH US. WE ARE NOT SEEING ANY SLOWDOWN IN THE FLOW OF GREAT IDEAS AND INTERPRETERS, GREAT COMPANIES. THAT ARE A STEP BEHIND THAT. AND NEED CAPITAL TO GET TO THE STAGE I JUST DESCRIBED. GOING TO BE BIG CONSUMERS OF CAPITAL BUT ALSO MARKET CAP AND OPPORTUNITY. WE DON’T SEE THAT AS A ONE OFF OPPORTUNITY. WE SEE THIS AS AN ONGOING OPPORTUNITY. WHETHER IT’S GOING TO BE EXACTLY THE SAME SCALE, STRUCTURE OR NOT. REMAINS TO BE SEEN. BUT BY AND LARGE THERE IS SO MUCH DISRUPTION, SO MUCH OPPORTUNITY IN SOME OF THESE GROWTH MARKETS. BUT THE ROLE OF LARGE FUND CAN WRITE A 250 MILLION OR 2 1/2 BILLION DOLLAR CHECK. IS GOING TO BE THERE. A LOT OF PEOPLE TALK ABOUT THE FACT THAT IT REPLACES THE PUBLIC MARKET. IT DOES NOT REPLACE THE PUBLIC MARKET. ALL IT DOES IS CREATES ONE MORE STEP AND ONE MORE OPPORTUNITY FOR CERTAIN COMPANIES TO GROW ONE LAST LEG OF GROWTH OR MAYBE TWO BEFORE THEY BECOME PUBLIC AND BEGIN TO HAVE QUARTERLY REPORTING AND ALL TYPES OF BELLS AND WHISTLES AND OPPORTUNITIES OF THE COST OF BECOMING PUBLIC. THAT ROLE IS USEFUL. IT’S HELPFUL FOR INFORMATION OF BOTH COMPANIES. MY GUESS IS IT WILL BE FUELED BY US AND OTHER PEOPLE. FOR YEARS TO COME. >>THANK YOU SO MUCH MICHAEL. >>THANK YOU. ♪ ♪ >>THANK YOU MICHAEL, THANK YOU JEN, PLEASE GIVE THEM ANOTHER ROUND OF APPLAUSE. FOR NEXT SESSION WE HAVE SENATOR TED CRUZ AND A FIRESIDE CHAT WITH THE HEAD OF FEDERAL AFFAIRS DANIELLE BURR. TED CRUZ HAS BEEN A HUGE ADVOCATE IN THE HOME STATE OF TEXAS WHICH HE REPRESENTS IN THE SENATE AS CHAIRMAN OF THE AVIATION AND SPACE COMMITTEE. PLEASE JOIN ME IN WELCOMING SENATOR TED CRUZ. >> PLEASE WELCOME SENATOR TED CRUZ OF TEXAS. CHAIRMAN OF THE SUBCOMMITTEE ON AVIATION ON SPACE. AND DANIELLE BURR, HEAD OF FEDERAL AFFAIRS, UBER. >>HI EVERYONE. I’M DELIGHTED TO BE BACK HERE ON STAGE WITH ONE OF MY FAVORITE MEMBERS OF THE UNITED STATES SENATE. DON’T TELL THE OTHER 99 OF THEM THAT I SAID THAT. TO JOIN US HERE TODAY. SENATOR CRUISE FROM TEXAS IS THE CHAIRMAN OF THE SUBCOMMITTEE ON AVIATION AND COMMERCIAL SPACE. WHICH IS CRITICALLY IMPORTANT TO THE WORK WE DO HERE. BUT EQUALLY AS IMPORTANT HE IS FROM THE GREAT STATE OF TEXAS. WE KNOW THE STATE OF TEXAS HAS A LONG AND IMPORTANT HISTORY IN THE AVIATION SPACE. AND AS WE TALKED ABOUT EXTENSIVELY WE WILL BE PILOTING OUR UBER AIR PRODUCT IN DALLAS- FORT WORTH IN THE NEAR TERM. SENATOR, WE ARE THRILLED TO HAVE YOU JOIN US TODAY. >>THANK YOU DANIELLE I AM THRILLED TO BE HERE. THRILLED TO JOIN ALL OF YOU THIS AFTERNOON FOR THE CONVERSATION. >>I ASKED SHARON WHO IS MY LAST GAS ABOUT HER TRANSPORT MODE FOR GETTING HERE. BECAUSE I FOUND OUT SHE JUST WORKS ACROSS THE STREET. SHE WAS ALLOWED TO WALK. YOU PROBABLY HAVE A LOT OF PLACES THAT YOU ARE GOING. GIVE US AN EXAMPLE OF MAYBE WHEN YOU ARE AT HOME IN TEXAS AND YOU ARE GETTING BACK TO WASHINGTON. WHAT DOES THAT LOOK LIKE FROM A TRANSPORTATION PERSPECTIVE? >>HERE IN DC I DON’T OWN A CAR. AND WHEN I WAS ELECTED TO THE SENATE IT WAS 2012. I ASSUMED, OKAY. WE WILL GET AN APARTMENT AND I WILL HAVE TO BUY A CAR. AND I ACTUALLY RENTED A PARKING SPACE AT MY APARTMENT. AND FOR FOUR MONTHS FROM JANUARY TO APRIL I PAID FOR THE PARKING SPACE AND I FOUND I DIDN’T NEED A CAR BECAUSE FOR OFFICIAL EVENTS I HAVE A STAFFER HAS A CAR WHO DROVE ME FROM THE CAPITAL HERE. AND IF I’M DOING SOMETHING PERSONAL IF I WANT TO SEE A MOVIE I CAN CALL AN UBER. I DON’T OWN A CAR BECAUSE I USE IT FOR TO GET AROUND. NOT ONLY THAT BUT I WAS MORONIC ENOUGH TO PAY FOR A PARKING SPACE THAT SAT EMPTY UNTIL I SAID THIS IS DUMB AND CANCELED MY PARKING SPACE. >>THANK YOU FOR YOUR SUPPORT. I WOULD BE REMISS IF I DIDN’T REMIND YOU OUTSIDE WE HAVE SOME DEMONSTRATION PRODUCTS FOR MICRO MOBILITY. NOT SURE IF YOU CHECKED OUT THE ELECTRIC BIKE OR BIKE LANES THAT EXIST FROM THE CAPITAL DOWN IN PENNSYLVANIA AVENUE. I ASSURE YOU THEY ARE REMARKABLE AND SCOOTERS ARE A FUN WAY TO GET AROUND. >>I’M NOT SURE YOU WILL SEE ME ON A MOTORSCOOTER ANYTIME SOON. >>THAT’S OKAY. I AM NEVER WEARING THE APPROPRIATE FOOTWEAR MYSELF. OFTENTIMES IT’S A GREAT WAY TO GET AROUND. WE TALKED A LOT ABOUT WASHINGTON. LET’S TALK ABOUT DALLAS. TALK TO ME A LITTLE BIT ABOUT THIS AVIATION HISTORY THAT HAS AND WHAT YOUR CONSTITUENTS ARE TELLING YOU ABOUT THE FUTURE OF URBAN AIR MOBILITY AND HOW EXCITED THEY ARE FOR US. >>WE ARE THRILLED TO WELCOME UBER ELEVATE TO TEXAS. I THINK IT’S GOING TO BE EXCITING. I AM A CONSUMER OF UBER. I’M LOOKING FORWARD TO BE A CONSUMER OF UBER ELEVATE. I’M REMINDED A GOOD FRIEND OF MINE IN THE TECH INDUSTRY IS PETER KIEL. WE HAVE KNOWN EACH OTHER 20+ YEARS. PETER FAMOUSLY SAID TALKING ABOUT OUR SOCIETY WE WERE PROMISED FLYING CARS. AND INSTEAD WE GOT HUNDRED AND 40 CHARACTERS OR LESS. YOU KNOW, LOOK. I GREW UP WATCHING THE JETSONS. THE PREMISE IN BUSINESS PLAN AND VISION OF UBER ELEVATE IS EXCITING AND I WILL SAY TEXAS, PART OF THE CULTURE OF TEXAS IS WE WELCOME AND WE CELEBRATE INNOVATORS. IT IS A STATE WHERE, IT’S A STATE BUILT BY WILDCATS. IF THE STATE WHERE I GREW UP, MY PARENTS WERE SMALL BUSINESS OWNERS. IN THE CULTURE OF THE STATE, WE CELEBRATE TAKING ENTREPRENEURIAL RISK AND INNOVATING AND TRANSFORMING SO IN FACT I MADE A SOMEWHAT TONGUE IN CHEEK BUT NOT ENTIRELY OFFER OF A WAGER TO SOME OF THE COMPANY LEADERSHIP BECAUSE I GUESS THE TWO CITIES IT IS LAUNCHING INITIALLY ARE DALLAS AND L.A. I SAID I WILL BET YOU ALMOST ANY SUM OF MONEY THAT DALLAS IS GOING TO PROVE ORDERS OF MAGNITUDE EASIER TO STAND THIS UP AND GET THIS BUSINESS MOVING THAN L.A. I AM HAPPY TO BE PROVEN WRONG BUT I DON’T THINK I WILL BE. >>I THINK IT’S A COMPETITION WE WOULD SUPPORT. YOU ARE GOING TO HAVE TO ADD L BORN, AUSTRALIA TO THE LIST AS WELL. WE ARE ADDING MELBOURNE. VERY EXCITED ABOUT THAT, THAT’S FANTASTIC. WHEN YOU THINK ABOUT IT AND YOU THINK ABOUT THE NEW TECHNOLOGY. WHAT IS MOST EXCITING TO YOU? WHEN WE TALK ABOUT UBER AIR AND UBER ELEVATE. THE DRONE DELIVERY PRODUCTS. WHAT GETS YOU MOST EXCITED ABOUT? WHAT IS MOST IMPACTFUL? >>I’M PASSIONATE ABOUT FREE ENTERPRISE. THE AMERICAN FREE ENTERPRISE SYSTEM HAS BEEN THE MOST AMAZING DISRUPTOR AND THE MOST POWERFUL CURE FOR POVERTY THAT THE WORLD HAS EVER SEEN. NOW, TO DRIVE FREE ENTERPRISE YOU HAVE GOT TO HAVE DISRUPTION. YOU’VE GOT TO HAVE WITH THE ECONOMIST’S WOULD CALL CREATIVE DESTRUCTION. >>HUBER DOES THAT FOR A LIVING. I INVOKE UBER ALL THE TIME FOR CHANGING A MEANS OF DELIVERY OF GOODS, DELIVERY OF SERVICE. IT’S FASCINATING. WITH THE UBER BUSINESS MODEL. HUBER CREATED BILLIONS IF NOT TENS OR HUNDREDS OF BILLIONS OF DOLLARS OF ASSETS THAT DIDN’T EXIST THE DAY BEFORE. NOBODY KNEW THAT WE HAD BILLIONS AND BILLIONS OF DOLLARS WORTH OF TAXIS SITTING ALL OVER THE COUNTRY. UNTIL YOU COULD UNLOCK THEM IT WAS YOUR CAR PARKED IN THE DRIVEWAY. SUDDENLY WITH A VEHICLE TO CONNECT THE ASSET THAT BECAME A VALUABLE ASSET. IT’S THE SAME AS AIR B&B. NOBODY KNEW WE HAD MILLIONS OF HOTEL ROOMS AROUND THE COUNTRY. SUDDENLY WHAT WAS A USELESS SPARE ROOM THAT YOU USE WHEN YOUR MOTHER-IN-LAW WITH TWO TIMES A YEAR. YOU USE IT THEN AND NEVER AGAIN. SUDDENLY YOU HAVE TRILLIONS IN REAL ESTATE ASSET CREATED OUT OF THIN AIR. AND THAT DESTRUCTION AND I THINK UBER ELEVATE HAS THE SAME POTENTIAL TO GIVE US THOSE FLYING CARS. THE APPLICATIONS, THE CHANGES OF THAT. IN A PRIOR LIFE, IN THE GEORGE W. BUSH ADMINISTRATION I WAS AT THE FEDERAL TRADE COMMISSION. I WAS THE HEAD OF POLICY AT THE FTC. I CHAIRED THE TASK FORCE. WE CONDUCTED PUBLIC HEARINGS THREE DAYS A PUBLIC HEARINGS ON e-COMMERCE AND BARRIERS TO e- COMMERCE. AND THE PATTERN WAS CONSISTENTLY THE SAME. THAT YOU WOULD HAVE AN e- COMMERCE INNOVATOR COME INTO A SECTOR AND THE EXISTING PRODUCERS, THE BRICKS AND MORTAR PRODUCERS WOULD WORK WITH GOVERNMENT REGULATORS TO PUT BARRIER ENTRY TO STOP THE DISRUPTION. YOU GUYS AND COUNTER THIS WITH TAXI COMMISSIONS ALL OVER THE COUNTRY. THAT’S ONE MANIFESTATION BUT IT IS THAT CREATIVE DESTRUCTION THAT DRIVES THE INNOVATION IN AMERICA. THE OPPORTUNITY THAT DRIVES THE STANDARD OF LIVING. SO IN THE SENATE, MY NUMBER ONE PRIORITY IS AND ALWAYS HAS BEEN JOBS, JOBS, JOBS. YOU GET THAT BY CREATING AN ENVIRONMENT WHERE INNOVATORS AND SMALL BUSINESSES CAN BE CREATED, CAN GROW, CAN EXPAND. ONE THING I LOVE ABOUT UBER. YOU HAVE CREATED 1 MILLION SMALL BUSINESSES. WHEN I WRITE IN UBER I ALMOST INEVITABLY ASK THE UBER DRIVER, HOW DO YOU LIKE IT. THEY CAN SAY JUST ABOUT ANYTHING WITHOUT EXCEPTION THEY SAY I LOVE IT. IT’S USUALLY NOT THEIR ONLY JOB BUT THEY SAY IT’S GREAT. I CAN MAKE SOME EXTRA MONEY AND IT LETS ME DO SOMETHING ELSE I WANT TO DO AND SUDDENLY I AM RUNNING MY OWN BUSINESS. THAT’S AN AMAZING AND EMPOWERING THING. >>THANK YOU FOR TELLING THAT SORT. LET’S TALK ABOUT YOUR ROLE AS THE CHAIRMAN OF THE AVIATION SUBCOMMITTEE. YOU TALK ABOUT INNOVATION AND TALK ABOUT THE ROLE TO NOT HINDER THE INNOVATION. I THINK THAT SOMETHING WE WOULD DEFINITELY WANT TO SUPPORT. WHAT HAVE YOU DONE IN THE AEROSPACE WITHIN THE SPACE COMMUNITY, CAN YOU TALK ABOUT WHAT YOU HAVE DONE THERE TO OPEN UP THE INNOVATION? >>FOR FOUR YEARS, FOR THE LAST FOUR YEARS I CHAIRED THE SCIENCE AND SPACE SUBCOMMITTEE AND COMMERCE COMMITTEE. AND HAD REAL SUCCESS PASSING BIPARTISAN LEGISLATION ON SPACE. SO OVER THOSE FOUR YEARS PASSED THREE DIFFERENT SUBSIDY PIECES OF LEGISLATION. PAST THE COMMERCIAL SPACE LAUNCH COMPETITIVENESS ACT WHICH ESTABLISHED PROPERTY LICENSE AND SPACE WHICH REDUCED REGULATORY BURDENS AND SPACE WHICH HELPED MURDER NURTURE AND EXPAND THE SPACE BUSINESS. WORKED IN A BIPARTISAN PAST IT THROUGH THE SENATE AND THE HOUSE. OBAMA SIGNED INTO LAW. I PASSED THE NASA AUTHORIZATION ACT AND WORKED AGAIN IN A BIPARTISAN WAY AMONG OTHER THINGS THAT EXTENDED THE SPACE STATION THE USE OF A LIFE. PASSED BOTH HOUSES OF CONGRESS, PRESIDENT TRUMP, IT WAS ONE OF THE FIRST BILLS HE SIGNED INTO LAW. THEN IN ADDITION TO THAT ON THE ARMED SERVICES COMMITTEE I OFFERED AND PASSED INTO LAW AN AMENDMENT TO THE DEFENSE AUTHORIZATION ACT FOR THE FIRST TIME DIRECTED THE DEPARTMENT OF DEFENSE TO DEVELOP AND IMPLEMENT A SPACE BASED TESTBED TO BEGIN WORKING MISSILE DEFENSE AGAINST ROGUE STATES LIKE NORTH KOREA OR IRAN OR ANOTHER ROGUE STATE THAT MIGHT LAUNCH AGAINST AMERICA. ALL THREE OF THOSE WERE BIPARTISAN. AND IT’S AN INTERESTING TESTAMENT IF YOU THINK ABOUT AN AREA LIKE SPACE. THERE ARE VERY FEW AREAS WHERE YOU HAVE MAJOR PIECES OF LEGISLATION, TWO MAJOR PIECES OF LEGISLATION THAT I POINTED TO. ONE SIGNED BY OBAMA AND ONE SIGNED BY TRUMP. THAT REALLY, I THINK DEMONSTRATES THE BIPARTISAN COMMITMENT THAT WE HAVE SEEN ACTUALLY JUST THIS MORNING. I SPENT THIS MORNING AT THE NASA HEADQUARTERS BECAUSE WE JUST RENAMED THE STREET IN FRONT OF THE NASA HEADQUARTERS. THIS IS A BILL I INTRODUCED TO RENAME THE STREET HIDDEN FIGURES WAY. IF ANY OF YOU HAVE SEEN THE MOVIE HIDDEN FIGURES. INCREDIBLE MOVIE, TELLS THE STORY OF THE AFRICAN-AMERICAN WOMEN MATHEMATICIANS THAT WERE CALLED HUMAN COMPUTERS. WHO DID INCREDIBLE WORK THAT HELPED US ORBIT THE EARTH. GO TO THE MOON AND THE DEDICATION THE FAMILIES BEEN FEATURED IN THE MOVIE WERE THERE INCLUDING ANOTHER HUMAN COMPUTER ISN’T IN THE MOVIE BUT IS IN THE BOOK. DR. CHRISTINE DORTON WAS THERE. POWERFUL AND INSPIRATIONAL REMINDS US WHAT WE CAN DO. ALL OF THAT I SAY ON SPACE, WE HAVE SEEN GREAT SUCCESS. WHAT HAPPENED IS THE COMMERCE COMMITTEE TOOK SPACE AND COMBINED IT WITH AVIATION. THEY USED TO BE SEPARATE COMMITTEES. THEY ARE NOW MERGED. IT’S EFFECTIVELY DOUBLED THE JURISDICTION. THE COMMITTEES JURISDICTION IS EVERYTHING IF IT OFF THE GROUND AND ALL THE WAY UP. AVIATION I AM EXCITED. THESE ARE ISSUES OBVIOUSLY THERE KIND OF AVIATION JOBS IN TEXAS. TEXAS IS A HUB FOR AVIATION AND SPACE. AVIATION I’M EXCITED TO ENSURE SAFETY, YOU’VE GOT A CRITICAL RESPONSIBILITY AND THAT’S GOING TO BE AN ISSUE IN ORDER TO HAVE PEOPLE CONFIDENT TO RIDE YOU HAVE GOT TO HAVE PEOPLE CONFIDENT IT’S GOING TO BE SAFE, THAT THEIR FAMILIES WILL BE SAFE AND THAT’S A THRESHOLD YOU ADDRESS. BUT WE ALSO WANT AN ENVIRONMENT WHERE PEOPLE CAN INNOVATE AND EXPAND AND AM LOOKING FORWARD ON THE AVIATION SIDE PARTICULARLY WITH THE GROWTH OF VERTICAL TAKEOFF AND LANDING VEHICLES THAT AVIATION IS DRAMATICALLY CHANGING. THAT’S AN EXCITING TIME TO BE THINKING THROUGH HOW DO YOU CREATE A REGULATORY ENVIRONMENT THAT ENSURES SAFETY, ENSURES THAT THE AIRSPACE THAT YOU DON’T HAVE PROBLEMS WITH CONGESTION OR ACCIDENTS. BUT ALSO THAT IS CONDUCIVE TO INNOVATION. >>THAT’S GOOD TO HEAR. TWO THINGS IN RESPONSE TO THAT. ONE IS THAT I HAVE MY DAUGHTERS HERE. WE SAW HIDDEN FIGURES AND LOVED IT. WE TALKED WITH THE PREVIOUS GUEST ABOUT THE WORKFORCE SHORTAGES. SHE TALKED ABOUT JOBS. THEIR WORKFORCE SHORTAGES. YOU HAVE EMPLOYEES HERE THAT ARE LOOKING FOR THE BEST AND THE BRIGHTEST. MANY ARE IN TEXAS. BUT WHAT ELSE CAN CONGRESS DO TO HELP WITH THE WORKFORCE SHORTAGES AND HELP ADDRESS THE VERY LIMITED NUMBER OF WOMEN WHO ARE IN, LESS THAN 6% PARTICIPATING. >>HOW OLD ARE YOUR GIRLS? >>THERE NINE. HEIDI AND I HAVE TWO GIRLS. THERE EIGHT YEARS OLD AND 11 YEARS OLD. I TOOK THEM TO SEE HIDDEN FIGURES. AND IT TOOK MY MOM. WE ALL SAW THE MOVIE. WHICH WAS INCREDIBLE AND POWERFUL INSPIRATION. WE WENT HOME THAT NIGHT AND FOR MY GIRLS IT WAS THE FIRST TIME THEY HAD SEEN A MOVIE THAT HAD SEGREGATION IN IT. SO HEIDI AND I ENDED UP AS WE WERE PUTTING THEM TO BED WE HAD AN HOUR-LONG CONVERSATION THAT WAS A WONDERFUL CONVERSATION WHERE THE GIRLS WERE LIKE WHY WOULD ANYONE DO THAT, THAT IS SO STUPID. IT’S LIKE YES, IT’S IDIOTIC. VERY GOOD CONVERSATION ABOUT THE TROUBLED RACIAL RELATIONS IN OUR COUNTRY. AND HOW THAT PLAYED OUT. BUT ANOTHER COMPONENT OF IT. HIDDEN FIGURES BEGINS WITH THEIR COMPUTING THE ORBIT OF SPUTNIK RIGHT AGAINST THE SOVIET UNION. MY MOTHER GRADUATED FROM RICE IN 1956 POINT SHE GRADUATED WITH A MASTER DEGREE. SHE WORKED AT SHELL AS A COMPUTER PROGRAMMER THEN SHE WENT TO WORK AT THE SMITHSONIAN HELPING COMPUTE THE ORBITS OF SPUTNIK. WAS TELLING MY GIRLS, I SAID SHE WAS DOING WHAT YOU SAW WITH THE AMAZING MATHEMATICIANS WERE DOING. I SAID HOW REALISTIC, HOW MUCH BEING A WOMAN THAT WAS A MATHEMATICIAN IN THE COMPUTER PROGRAMMER IN THE 1960s ARE MY MOM IN THE 1950s. SHE THOUGHT THE MOVIE WAS VERY, VERY ACCURATE. I MADE A COMMENT I SAID, TO THE MODERN ERA IT WAS ODD TO HEAR PEOPLE REFER TO HIS COMPUTERS. WE REFER TO COMPUTERS AS A HUNK OF METAL. MY MOM SAID WHEN I STARTED AT SHELL. MY JOB TITLE WAS COMPUTER. SO I GOT THE CHANCE WITH THE FAMILIES OF THE THREE WOMEN FEATURED IN HIDDEN FIGURES TO CONGRATULATE THEM AND SAY WE HAVE THE GREAT BLESSING TO BE THE CHILDREN OF COMPUTERS. >>THAT’S AMAZING. THANK YOU FOR SHARING THAT. >>YOU HAD A SUBSET OF QUESTIONS THAT I GOT DIGRESSED ON. LOOK. WORKFORCE DEVELOPMENT IS HUGELY IMPORTANT. AND IN PARTICULAR THE STEM FIELDS AND INSPIRING HIS SPACE HAS THE POWER TO INSPIRE. EVERY LITTLE BOY AND GIRL HAS GAZED UP IN THE STARS AND WONDERED WHAT IS OUT THERE. ONE OF THE THINGS THAT I AM HAPPY ABOUT LIKE A STREET SIGN RENAMING MAY NOT SEEM INCONSEQUENTIAL BUT 100 YEARS FROM NOW KIDS WILL GO TO THE NASA HEADQUARTERS AND ASK HIDDEN FIGURES, WHAT DOES THAT MEAN. AND HERE THE STORY. THE STORIES ARE INSPIRATIONAL. I THINK WE CAN DO A GREAT DEAL MORE ON EDUCATION. I’VE INTRODUCED LEGISLATION THAT WOULD CREATE A FEDERAL TAX CREDIT, $10 BILLION A YEAR. $100 BILLION OVER 10 YEARS. FOR CONTRIBUTIONS TO SCHOLARSHIP GRANTING ORGANIZATIONS. HALF OF IT THROUGH K FOR 12 ORGANIZATION. HALF OF IT FOR APPRENTICESHIPS, WORKFORCE DEVELOPMENT. ALL DESIGNED TO INCREASE THE RESOURCES, THE COMPETITION, THE RESOURCES, THE INNOVATION IN EDUCATION. THAT’S SOMETHING I’M WORKING VERY HARD TO BUILD SUPPORT FOR IN EMPOWERING PARENTS AND EMPOWERING STUDENTS AND RAISING ONLY GENERATION OF YOUNG PEOPLE WHO ARE INSPIRED AND WANT TO CHANGE THE WORLD. AND WANT TO CREATE THE NEXT FLYING CAR OR THE NEXT INCREDIBLE INNOVATION THAT TRANSFORMS THE WORLD. >>THAT’S AMAZING, THANK YOU FOR SHARING THAT. WHAT DO YOU WISH THAT YOU AND THE SENATE LEARN OR COULD LEARN FROM THE FOLKS IN THIS ROOM TODAY. WHAT WOULD YOU TAKE BACK TO YOUR COLLEAGUES WHEN YOU TELL THEM WHAT THEY DID TODAY AND WHO YOU TALKED TO. WHAT IS THE MESSAGE YOU WANT THEM TO HEAR FROM THE COMMUNITY THAT WE SHOULD BE SHARING WITH THOSE COLLEAGUES. >>THE POWER OF INNOVATION. THERE’S A GREAT PICTURE, LET ME STEP BACK FROM THAT. IN OUR COUNTRY WE ARE HAVING A BIG DEBATE RIGHT NOW. A BIG DEBATE ABOUT THE DIRECTION OF THE COUNTRY. WE’RE HAVING A BIG DEBATE ABOUT SOCIALISM VERSUS FREE ENTERPRISE. THAT’S AS FUNDAMENTAL A DEBATE OUR COUNTRY CAN HAVE. NO ONE WILL BE SURPRISED TO KNOW I AM A DEFENDER OF FREE ENTERPRISE. AND I THINK SOCIALISM DOESN’T WORK. ONE OF THE REASON SOCIALISM DOESN’T WORK IS IT STIFLES INNOVATION. IT CALCIFY’S THE SOCIOECONOMIC STRATEGY. IF YOU’RE RICH, YOU STAY POOR. IF YOU ARE POOR, YOU STAY POOR. IS A PICTURE ONLINE THAT I LOVE. IT’S A PICTURE OF THE FOUNDERS OF MICROSOFT IN 1978. YOU’VE GOT PAUL ALLEN WITH LONG HAIR AND A BEARD. YOU’VE GOT BILL GATES WITH GLASSES. THEIR COLLEGE DROPOUTS AND THEY LOOK LIKE THE BEE GEES. AND UNDERNEATH IT HAS THE SIMPLE LEGEND WOULD YOU INVEST MONEY WITH THESE GUYS? AND YOU THINK ABOUT WHAT THEY WERE DOING. THEY WERE TAKING ON BIG BLUE. THE LEVIATHAN, THE UNSTOPPABLE GIANT CORPORATION. AND THOSE HANDFUL OF COLLEGE DROPOUTS DID THAT. MICROSOFT IS NOW THE LEVIATHAN AND I HOPE AND BELIEVE THERE ARE THOUSANDS OF OTHER CRAZY YOUNG PEOPLE IN THEIR GARAGE TAKING THEM ON. THAT INNOVATION, THAT’S WHAT HUBER IS DOING. AS HUBER GETS BIGGER I LOOK FORWARD TO THE PEOPLE TAKING YOU GUYS ON. IT’S THE WHOLE PROCESS OF RETHINK NOT ONLY DOES IT EXPAND OPPORTUNITIES BUT IT MAKES THE BIGGER COMPANIES MORE INNOVATIVE BECAUSE THEY HAVE TO INNOVATE OR DIE. IT’S THAT SPIRIT OF INNOVATION AND BY THE WAY GOVERNMENT POWER IS I THINK FUNDAMENTALLY INCOMPATIBLE WITH THE SPIRIT OF INNOVATION. YOU HAVE GOT TO ALLOW SMALL BUSINESSES AND ENTREPRENEURS TO DIRECT CAPITAL TO A NEED IF THAT INNOVATION IS GOING TO DRIVE ECONOMIC UP. >>AMAZING. I’M GOING TO ASK YOU ONE LAST QUESTION BEFORE I GO. HERE AT THE ELEVATE SUMMIT WAS ABOUT THE DRONE PROGRAM. THE WORK WE ARE DOING WITH THE CITY OF SAN DIEGO IN TERMS OF DRONE DELIVERY. IN CONNECTING IT WITH HUBER EATS. WE ANNOUNCED A PARTNERSHIP WITH McDONALD’S AND OTHER LOCAL RESTAURANTS PARTICIPATING IN THAT. WHETHER IT IS HERE OR IN TEXAS. IF YOU HAD TO TELL THE GUYS WILL PLACE TO LOOK AT FOR ADDING TO HUBER EATS FOR DRONE DELIVERY WHAT WOULD BE YOUR PICK? >>I WOULD LOVE TO GET DECENT MEXICAN FOOD IN DC. BUT THAT WOULD BE A LONG FLIGHT.>>SHORT DISTANCES. >>I WILL MAKE A REQUEST WHICH IS AS YOU ARE INNOVATING, PLEASE DON’T MAKE A ROBOT CYBORG THAT LOOKS LIKE ARNOLD SCHWARZENEGGER WHO IS PROGRAMMED TO ELIMINATE HUMANITY. >>SENATOR CRUZ THANK YOU FOR YOUR TIME TODAY . IT HAS BEEN A PLEASURE. >>I’VE GOT IS, I HAVE GOT IT. ♪ ♪ >>THANK YOU SO MUCH SENATOR, THANK YOU DANIELLE. TO CLOSE THE DAY, TO CLOSE THE SUMMIT. WE HAVE A KEYNOTE FROM OUR CEO DARA KHOSROWSHAHI. PLEASE JOIN ME IN WELCOMING DARA TO THE STAGE. >>PLEASE WELCOME DARA KHOSROWSHAHI, CEO, UBER. >>THANK YOU, THANK YOU VERY MUCH. FOR BEING HERE AND SPENDING THESE TWO DAYS WITH US. IT’S BEEN AN INCREDIBLE TWO DAYS. I CAN TELL YOU FOR OURSELVES IT’S BEEN A GREAT CHANCE FOR US TO CONNECT WITH OUR PARTNERS. AND THINK ABOUT WHAT THE FUTURE CAN BRING. BEFORE I TALK ABOUT THE FUTURE I DID WANT TO TAKE YOU FOR A MINUTE BACK IN TIME AND INTO THE PAST. SO THIS IS A PICTURE OF OUR SERVICE, UBER. WHEN WE FIRST STARTED IN MANHATTAN. AS YOU CAN SEE UBER ORIGINALLY STARTED ESSENTIALLY AS A PRODUCT AND A SERVICE THAT WAS FOCUSED IN THE CITY CENTER. RIGHT IN MANHATTAN THOSE DOTS REPRESENT THE NUMBER OF TRIPS THAT OUR WRITERS WERE TAKING. USING UBER MANHATTAN ONE YEAR AFTER OUR LAUNCH. THE ANIMATION HERE IS ESSENTIALLY FAST FORWARDING TIME TO SHOW YOU THE GROWTH OF THE UBER SERVICE IN NEW YORK CITY. IF YOU TAKE A CAREFUL LOOK AT THIS AND YOU TAKE A LOOK AT HOW WE HAVE GROWN. THE VAST MAJORITY OF THE GROWTH OF UBER HAS ACTUALLY HAPPENED OUTSIDE OF MANHATTAN. MORE THAN 50% OF OUR TRIPS NOW IN NEW YORK EITHER START OR END OUTSIDE OF MANHATTAN AND IT’S IN THESE BOROUGHS WHERE YOU’VE GOT THE LEAST AMOUNT OF MASS TRANSIT WHERE YELLOW CABS DON’T TYPICALLY GO WHERE WE HAVE SEEN THE GREATEST AMOUNT OF GROWTH IN OUR SERVICE. IT’S THE SAME ACROSS THE U.S. AND IT’S THE SAME ALL OVER THE WORLD. IT ESSENTIALLY HAS BEEN THIS DESIRE FOR MOBILITY AND OPPORTUNITY THAT HAS DRIVEN OUR COMPANY NOW TO DELIVER OVER 15 BILLION TRIPS IN JUST 10 YEARS AND 700 CITIES AND 63 COUNTRIES. EVERYONE WANTS OPPORTUNITY AND MOBILITY COMES WITH OPPORTUNITY. WE HAVE GROWN FASTEST WHERE WE HAVEN’T HAD MOBILITY AVAILABLE THROUGH TRADITIONAL SERVICES SUCH AS MASS TRANSIT OR TAXIS. NOW. WHEN YOU THINK ABOUT UBER AND GROWTH ACROSS THE NATION, YOU SEE THE SAME PATTERN. AGAIN, THE GROWTH STARTS IN CITY CENTERS AND GOES OUT TO THE OUTSKIRTS AS WELL. AGAIN, IT’S A COMMON MATTHEW C IN EVERY COUNTRY THAT WE OPERATE IN. WHEN YOU THINK ABOUT IT FOR ORIGINALLY. UBER IS ESSENTIALLY A VERB AND WHEN YOU THINK ABOUT UBER PEOPLE TALK ABOUT UBER ASK OUR LOWEST-COST PRODUCT AS WELL. BUT NOW THAT UBER HAS EXPANDED BEYOND. WE STARTED WITH BLACK. UBERX IS OUR MOST POPULAR PRODUCT. BUT YOU SEE MATCHING MORE THAN ONE RIDER TOGETHER. WHERE UBER POOL IS AVAILABLE IN CITIES ACCOUNTS FOR MORE THAN 50% OF TRIPS DURING RUSH HOUR. IT’S A VERY EFFECTIVE MECHANISM FOR TAKING TRAFFIC OFF THE STREETS AND CREATING MORE AFFORDABLE TRANSPORTATION FOR OUR WRITERS DURING THOSE TIMES OF NEED. THEN YOU’VE SEEN US EXPAND. HUBER EATS IS THE FASTEST GROWING PART OF OUR BUSINESS ESSENTIALLY GETTING YOU ANY FOOD THAT YOU WANT FROM ANYWHERE IN 30 MINUTES OR LESS. IT IS JUST A BETTER WAY AND AN INCREDIBLY FAST GROWING PART OF THE BUSINESS, NOW OVER 20% OF THE COMPANY’S BOOKINGS. THE NEWER EFFORTS OF OURS. JIM, YOU HEARD FROM RACHEL, BOTH E BIKES AND SCOOTERS FOR THE SHORTER TRIPS ESSENTIALLY INTRODUCING PERSONAL ELECTRIC VEHICLES FOR TRIPS THAT ARE FIVE MILES OR LESS IN CITIES. IT’S SOMETHING OUR USERS LOVE. DRIVERS ALSO LOVE THE SERVICE AS WELL BECAUSE IT TAKES THE SHORTER, THAT ARE LESS ATTRACTIVE TO DRIVERS AND HAVE THOSE TRIPS HAPPEN ON BIKES AND CITIES LOVE THE SERVICE AS WELL BECAUSE IT’S ESSENTIALLY ALLEVIATES CONGESTION THAT WOULD OTHERWISE HAPPEN WITH A CAR TRIP AS WELL. LAST BUT NOT LEAST, UBER FREIGHT. CONNECTING SHIPPERS WITH TRUCKERS USING THE SAME CORE METHODOLOGY AND TECHNOLOGY THAT WE HAVE BUILT AROUND MATCHING UP MASSIVE AMOUNTS OF DATA BOTH CONSUMERS, BOTH ON THE CONSUMER SIDE AND ON THE SHIPPER SIDE IN CREATING MATCHES IN REAL TIME AND INCREASING UTILIZATION AND AS A RESULT SAVING COSTS FOR SHIPPERS OUT THERE. NOW. WE HAVE BUILT OUR BUSINESS ESSENTIALLY ON THE SHOULDERS OF GIANTS. WE ARE A TRANSPORTATION COMPANY. AND IF YOU LOOK AT ALL OF THE REVOLUTIONS IN THE TRANSPORTATION INDUSTRY FROM SHIPS TO RAILROAD TO BICYCLE TO TRANSIT TO AUTOMOBILES. EACH OF THESE REVOLUTIONS HAS TRANSFORMED OUR CITIES, IT IS TRANSFORMED OUR ECONOMY AND IT HAS TRANSFORMED OUR WAY OF LIFE. BUT WHAT HASN’T TRANSFORMED IS THE AMOUNT OF TIME THAT IT TAKES FOR THE AVERAGE PERSON TO GET TO WORK. THAT IS A CONSTANT THAT WE CALL MARCHETTI’S CONSTANT. DESPITE EVERY SINGLE ADVANCEMENT IN TERMS OF TRANSPORTATION IN CITIES IT STILL TAKES AN AVERAGE OF 30 MINUTES FOR ANYONE TO GET TO WORK FOR ALL OF THESE YEARS WHEN YOU HAVE SEEN THESE ADVANCEMENTS IN TRANSPORTATION. WHAT WE SEE IN SOCIETY IS THAT ACCESS TO MOBILITY AND ACCESS TO CITY CENTERS IS THE KEY FOR OPPORTUNITY. THERE’S A HARVARD STUDY DONE THAT STATES THAT ACCESS TO CITY CENTERS ACTUALLY IS A GREATER DETERMINANT OF YOUR SUCCESS IN SOCIETY THAT THE EDUCATION YOU HAVE, WHETHER YOU HAVE GOT SINGLE PARENTS, MARRIED PARENTS, ETC. THE ACCESS TO OPPORTUNITY AND CITY CENTERS ESSENTIALLY IS THE KEY FOR SUCCESS IN SOCIETY AND UNFORTUNATELY, DESPITE THESE INCREDIBLE INNOVATIONS WHICH WE HAVE FAILED TO DO AS A SOCIETY HAS FAILED TO DO IS TO OPEN ACCESS TO EVERYBODY SO EVERYONE HAS THE OPPORTUNITY TO SUCCEED. ESSENTIALLY THE ACCESS, THE MOBILITY, IS UNFAIRLY WEIGHTED TOWARDS PEOPLE WHO CAN AFFORD TO LIVE IN CITY CENTERS OR PEOPLE WHO CAN AFFORD TO BUY A CAR. DESPITE ALL OF THESE INNOVATIONS WHAT WE HAVEN’T SEEN IS FUNDAMENTALLY A NEW WAY FOR PEOPLE WHO LIVE IN CITIES TO GET TO WORK, TO GET TO PLAY, TO GET OUT THERE. WE’RE STILL TRAVELING THE SAME OLD-FASHIONED WAY ON ROADS, USING CARS. ESSENTIALLY. EVEN THE UBER INCREDIBLE INNOVATION HAS BEEN USING THE ASSETS, THE CARS INTO MOBILITY AS A SERVICE, WE ARE STILL DEPENDENT, OUR SERVICE IS STILL DEPENDENT ON TWO WHEELED VEHICLES, ON FOUR WHEELED VEHICLES. ESSENTIALLY, TO RUN. WE HAVE NOT HAD AS MICHAEL SAID A TRUE TRANSPORTATION REVOLUTION. AND THIS ISSUE IS GETTING BIGGER AND BIGGER AND BIGGER. IF YOU LOOK AT OUR POPULATION NOW. THE NUMBER OF PEOPLE LIVING IN CITIES IS INCREASING RADICALLY. IN 1800 3% OF THE WORLDS POPULATION LIVED IN CITIES. IN 2008 50% OF THE WORLD POPULATION LIVED IN LARGE CITIES AND THE U.S. ADMITS IN 2030 ACTUALLY TWO THIRDS OF THE WORLD’S POPULATION IS GOING TO LIVE IN THE CITIES. OUR ISSUE IS THAT THE CITIES. THE TRANSPORTATION INFRASTRUCTURE OF THE CITIES SIMPLY CANNOT KEEP UP. THE DEFINITION OF INSANITY IS TRYING TO DO THE SAME THING AND EXPECTING DIFFERENT RESULTS. WHAT WE ARE SITTING IN THE CITIES. AS AS THEY GET BIGGER. AS THEY GET MORE DENSE THE CITIES ARE NOT ABLE TO MAKE THE KINDS OF INVESTMENTS THAT THEY HAVE TO MAKE IN ORDER TO KEEP UP WITH THE DEMAND FOR TRANSPORTATION. BUILDING OUT MASS INFRASTRUCTURE. BUILDING OUT SUBWAYS, ETC. TOO EXPENSIVE. WHILE CITIES CAN BE SMARTER ABOUT THE WAY THAT THEY TOLD THEIR TRANSPORTATION GRID. THEY’RE FALLING BEHIND AND THIS IS A UNIVERSAL CONSTANT WE SEE NOT ONLY HERE BUT WE SEE ALL OVER THE WORLD. NOW. IT DOESN’T HAVE TO BE THIS WAY. IT ABSOLUTELY DOESN’T HAVE TO BE THIS WAY. THIS WE BELIEVE IS THE CITY OF THE FUTURE. AND WE THINK THAT WE CAN ACHIEVE THIS KIND OF A CITY IN CITIES THAT ARE MORE BEAUTIFUL. CITIES THAT ARE BUILT FOR PEOPLE INSTEAD OF BEING BUILT FOR CARS THROUGH THE EFFORTS OF ALL OF US COMING TOGETHER. IT’S NOT EFFORTS THAT ONLY UBER CAN ACHIEVE. THESE ARE POLICY LEADERS, REGULATORS, INVESTORS, REAL ESTATE INVESTORS. ALL OF US HAVE TO COME TOGETHER TO CREATE THESE GREEN CITIES THAT ARE MORE BEAUTIFUL, THAT ARE SAFER, THAT ARE MORE TIME EFFICIENT TO LIVE AND WORK IN. I THINK IT’S GOING TO TAKE ALL OF US TOGETHER TO GET THERE. SO, WHAT’S THE SOLUTION? WHAT CAN WE DO THAT’S FUNDAMENTALLY DIFFERENT FROM THE APPROACHES THAT WE HAVE TAKEN IN THE PAST TO GET TO THIS FROM THE SLIDE THAT WE HAD PREVIOUSLY. WE THINK THE SOLUTION IS SIMPLE. IF YOU TAKE A LOOK AT THE DEVELOPMENT OF ANY CITY OUT THERE IN THE WORLD WHAT YOU SEE IS THAT AS THE CITIES DENSIFY YOU MOVE INTO A MODE WHERE RESIDENTIAL LIVING MOVES INTO A THIRD DIMENSION. YOU HAVE COMMERCIAL WORK MOVING UP IN THE DIMENSION AS WELL. AND WHEN YOU HAVE BOTH RESIDENTIAL AND COMMERCIAL LIFE MOVING INTO THIRD DIMENSION YOU SIMPLY HAVE A TRANSPORTATION GRID THAT CANNOT CAME UP IN TWO DIMENSIONS. WE THINK THE SOLUTION IS SIMPLE. WE WANT TO TAKE THE TRANSPORTATION GRID INTO A THIRD DIMENSION. AND WE THINK THE TECHNOLOGY, BETTER TECHNOLOGY, ALL OF THE TECHNOLOGY THAT YOU ARE SEEING HERE DEMONSTRATED IS GOING TO MAKE THIS POSSIBLE SOONER RATHER THAN LATER. WE THINK THAT THIS IS THE KEY TO UNLOCK IN ORDER TO FROM THE CITIES OF THE PAST, THE CITIES THAT ARE GETTING DENSER. THE CITIES THAT ARE GETTING MORE POLLUTED TO THE CITY OF THE FUTURE THAT ARE FUNDAMENTALLY GREEN AND BUILT FOR PEOPLE. WE THINK THE FUTURE OF TRANSPORTATION IN THE CITIES HAS TO BE THREE-DIMENSIONAL. IT HAS TO BE ELECTRIC. IT HAS TO BE SHARED AND FUNDAMENTALLY IT HAS TO BE SAFE AND WE WANT TO PLAY A BIG, BIG PART OF THAT. SO, YOU HAVE SEEN THE EFFORTS THAT WE HAVE MADE AS IT RELATES TO ELEVATE HERE. ELEVATORS ALL ABOUT WORKING WITH YOU TO GETTING TO THOSE GREEN CITIES OF THE FUTURE. AND THIS YEAR WE HAVE HAD SOME REALLY, REALLY EXCITING — A COUPLE WEEKS AGO WE TOOK THE UBER COPTER TO JFK. MY SONS WERE INCREDIBLY EXCITED AND ONE OF THEM IS A POET, HE WAS INSPIRED TO WRITE A WONDERFUL POEM THAT WENT SOMETHING LIKE I LOVE MY DAD BECAUSE HE IS SO RAD. IT WAS A REALLY INSPIRATIONAL RIDE, I CAN TELL YOU FOR THE UBER COPTER. IT’S THE FIRST POEM HE WROTE ABOUT ME. THIS UBER COPTER FOR US IS NOT ABOUT FLYING HELICOPTERS THIS IS ABOUT OUR WORKING NOW, WORKING WAY AHEAD TO UNDERSTAND AND OPERATIONALIZE HOW WE CAN REALLY BUILD THIS MULTIMODAL FORM OF TRANSPORTATION TO UNDERSTAND EXACTLY HOW MUCH TIME WE CAN SAVE. HOW MANY MATCHES CAN WE MAKE IT AS FAR AS BRINGING CONSUMERS TOGETHER AND TOTALLY MAKE SURE THAT THE EXPERIENCE IS TRULY A DELIGHTFUL EXPERIENCE PUT TOGETHER BY OUR NETWORK. THIS IS NOT EASY STUFF. WE DECIDED WE NEED TO DEMONSTRATE HOW THIS IS GOING TO WORK. AS A RESULT WE MADE INVESTMENTS AND WE WILL MAKE IT WORK. THIS IS HOPEFULLY THE FIRST ITERATION OF THIS PRODUCT. SKYPE PORTS ARE A HUGE, HUGE PART OF THE SOLUTION HERE AND YOU SEE THE BEST ARCHITECTS OF THE WORLD COME UP WITH INCREDIBLE DESIGNS FOR THE SKYPE PORTS. THEY’RE NOT ONLY BEAUTIFUL BUT THEY ARE ALSO VERY, VERY EFFECTIVE. WEEK PARTNERED UP WITH RELATED TO BUILD THESE SKYPE PORTS AND MAKE SURE THAT THE OPERATIONS FOR THE CONSUMER ARE REALLY GOOD. BUT ALSO THE OPERATIONS FOR THE VEHICLES FOR THESE EVTOLS ARE DEPENDABLE AND PRACTICAL EVERY SINGLE TIME. YOU HAVE ALSO SEEN INCREDIBLE NEW CONCEPTS BEHIND THE EVTOLS. THESE ARE ULTIMATELY WHAT ARE GOING TO MAKE THE SYSTEM WORK. AND WERE INCREDIBLY ENCOURAGED BY THE ADVANCEMENTS THAT OUR PARTNERS ARE MAKING ABOUT THE NEW DESIGNS THAT ARE COMING OUT. THAT REALLY ARE BUILDING TO A PRODUCT THAT IS NOT FOR THE ELITE. BUT IT’S A PRODUCT THAT CAN TRULY BE A PRODUCT THAT CAN BE SHARED BY THE MASSES. THEN OF COURSE WE HAVE AN INCREDIBLY EXCITING ANNOUNCEMENT OF OUR THIRD CITY AND FIRST INTERNATIONAL CITY WE ARE TEAMING UP WITH. I MET WITH THE TEAM TODAY, AUSTRALIA IS A GREAT MARKET FOR US. AND WE BELIEVE IT WILL BE CONTINUING TO BE A GREAT MARKET FOR US IN THE FUTURE AS IT RELATES TO ELEVATE AS WELL. WHAT’S ALSO EXCITING ABOUT THE SUMMIT THIS YEAR IS THAT WE BRANCHED OUT. IN TERMS OF HOW WE LOOK FORWARD TO OTHER PARTS OF THE UBER FAMILY. WHAT’S AMAZING IS IT’S REALLY BRINGING MANY MANY PARTS OF THE UBER FAMILY TOGETHER THAT ARE FORWARD-LOOKING AND LOOKING TO INVEST AND BUILD THE CITIES OF THE FUTURE. WE ARE SO EXCITED TO PRESENT UBER EATS DRONE DELIVERY. I LIKE MY FRIES HOT AND CRISPY. AND THIS BABY CAN GET THEM TO ME FAST AND I AM VERY EXCITED FOR THIS TECHNOLOGY AS WELL. IT CAN BE FASTER, CHEAPER. AND IT CAN REALLY CREATE A DIFFERENTIATION FOR OUR SERVICES AND YOU KNOW. MAKE THE UBER EATS EXPERIENCE BETTER TO EATING IN A RESTAURANT OR GOING THROUGH THE DRIVE THROUGH. YOU’VE ALSO SEEN ERIC AND RACQUEL COME OUT AND PRESENT THE NEWEST CAR FOR US IN TERMS OF AUTONOMOUS CAR. FROM VOLVO. THIS IS OUR FIRST DESIGN THAT IS TRULY CAPABLE OF DRIVING WITHOUT A HUMAN. ALTHOUGH, WE ARE GOING TO HAVE HUMANS ON BOARD TO MAKE SURE THAT EVERYTHING IS SAFE AS WE TEST OUT THIS CONCEPT. WE ARE VERY EXCITED ABOUT THIS NEXT GENERATION OF CAR THAT WE PRESENTED. THEN OF COURSE YOU SAW RACHEL TALK ABOUT OUR NEW MOBILITY OF THESE VEHICLES. WE REALLY BELIEVE FIRMLY THAT THIS IS THE FIRST ESSENTIALLY VERSION OF PERSONAL ELECTRIC VEHICULAR TRAVEL IN THE CITIES. FOR DISTANCES, FIVE MILES OR LESS. THERE’S NO QUESTION THAT IF YOU ARE TRAVELING INDIVIDUALLY FIVE MILES OR LESS IN A CITY YOU SHOULD TAKE THESE VEHICLES. THERE DYNAMITE. AGAIN, THEY FUNDAMENTALLY REDUCE CONGESTION IN THE CITIES. IT’S HARD TO BELIEVE HOW FAR WE HAVE COME. AS A COMPANY. IN 2009 IT WAS A PLUCKY GROUP OF ENTREPRENEURS WHO WANTED TO PUSH A BUTTON AND SOME A CAR. THAT WAS THE IDEA BEHIND UBER AND IT’S HARD TO BELIEVE JUST HOW FAR WE HAVE COME AS A SERVICE AND AS A FAMILY. NOW WE ARE A FAMILY OF SERVICES THAT’S COMPLETING MORE THAN 15 MILLION TRIPS A DAY IN ONE WAY OR THE OTHER ALL OVER THE WORLD. FROM OUR RIDER APP TO OUR DRIVER APP TO JUMP, TO EATS, FREIGHT. NOW UBER COPTER. WE ESSENTIALLY ALLOW YOU TO MOVE FROM POINT A TO POINT B IN YOUR CITY OR GET FOOD AND A PLACE IN THE CITY THE WAY THAT YOU WANT TO. BUT WE THINK THE VISION OF UBER GOING FORWARD ISN’T GOING TO NECESSARILY BE YOUR DECIDING HOW TO INTERACT WITH THIS FAMILY OF APPS. WE THINK IT’S ESSENTIALLY OUR PRESENTING TO YOU HOW TO GET FROM POINT CAPITAL A TO POINT B IN THE WAYS YOU CAN MOVE IN YOUR CITY. WE WANT NOT JUST TO BE THE AMAZON OF TRANSPORTATION. BUT ALSO THE GOOGLE OF TRANSPORTATION. WE WANT TO BE YOUR EVERYDAY USE CASE WHEN YOU WAKE UP AND YOU GO TO WORK OR YOU GO OUT TO EAT OR YOU GO SEE A FRIEND. WE WANT TO BE THERE. SO, I WILL SHOW YOU NOW A CONCEPT OF THAT CAN LOOK LIKE. ♪ ♪ [ APPLAUSE ] >>PRETTY GOOD, RIGHT? IT’S A GREAT VISION THAT WE ARE BUILDING AND WE HAVE INCREDIBLE ENGINEERS THAT ARE BUILDING THESE SERVICES AND BRINGING IT ALL TOGETHER. IT’S GOING TO TAKE A HUGE AMOUNT OF WORK, IT’S GOING TO TAKE LOTS OF PARTNERSHIP WITH ALL OF YOU IN THE ROOM TO BRING IT TOGETHER. BUT BEFORE WE TALK ABOUT THE FUTURE. I DO WANT TO ACKNOWLEDGE JUST HOW FAR WE HAVE TO GO. THIS IS NOT A PROBLEM THAT WE CAN SOLVE INCREMENTALLY. WHEN YOU TALK ABOUT OUR DEPENDENCE ON THE PERSONAL AUTOMOBILE IT IS HUGE. SPOTS. FOUR CARS IN THE U.S. THAT’S APPROXIMATELY FOUR PARKING SPOTS FOR EVERY SINGLE CAR. IF YOU THINK ABOUT PERSONAL CAR OWNERSHIP THE AVERAGE CAR THAT THE INDIVIDUAL USER USES IS ONLY USED 5% OF THE TIME. OKAY? SO ACTUALLY IF YOU THINK ABOUT A CAR THAT’S FULLY UTILIZED, WE HAVE 80 PARKING LOTS 400% UTILIZATION OF A CAR OUT THERE. THINK ABOUT HOW INEFFICIENT THAT IS. EXTRAORDINARY. IT’S BECAUSE WE KEPT DOING STUFF THE SAME WAY YEAR AFTER YEAR AFTER YEAR. WE HAVE BEEN INCREMENTAL AND HOW WE HAVE THOUGHT ABOUT TRANSPORTATION IN THE CITIES GOING FORWARD. I DON’T BELIEVE, AND WE DON’T BELIEVE THAT AN INCREMENTAL SOLUTION IS GOING TO GET US THERE. SO THIS IS A BIG LEAP WE ARE TAKING AS A COMPANY AND THIS IS A BIG LEAP WE ARE ASKING FOR YOU TO TAKE WITH US. WE BELIEVE THIS IS A LEAP TO GET TO THE FUTURE. WE BELIEVE IN CITIES THAT ARE GREENER, BETTER SAFER. THAT ARE LESS CONGESTED AND ULTIMATELY ARE MORE INCLUSIVE. WE BELIEVE THAT THE CITIES NEED TO HAVE TRANSPORTATION THAT IS ELECTRIC, THAT IS SAFE, THAT IS SHARED AND THAT IS INTERCONNECTED. JUST AS IMPORTANTLY TRANSPORTATION THAT CAN ONLY GET THERE THROUGH TRANSPORTATION GRID THAT GETS TO A THIRD DIMENSION. AND WHAT WE COMMIT IS THAT WE WILL BUILD THIS WITH YOU WITHIN UBER PLATFORM THAT IS OPEN AND ULTIMATELY BRINGS OPPORTUNITY AND MOBILITY FOR EVERYONE, EVERYWHERE. REGARDLESS OF WHETHER THEY CAN AFFORD TO OWN A CAR REGARDLESS OF WHETHER THEY CAN LIVE IN THE CITY CENTER. THAT’S A BET THAT WE THINK THAT WE BELIEVE IS WORTH TAKING AND THAT’S A BET THAT WE ARE ASKING YOU TO TAKE WITH US. SO LET’S GO BUILD IT TOGETHER. THANK YOU. ♪ ♪ >>PLEASE WELCOME BACK MASTER OF CEREMONIES, NIKHIL GOEL. >>THANKS. A HUGE THANK YOU TO EVERYONE WHO PRESENTED TODAY AND YESTERDAY. EXHIBITED, WORKED ON ALL OF THE PRESENTATIONS. AND WORK THAT WAS PRESENTED OVER THE LAST FEW DAYS. PLEASE, EVERYONE GIVE A HUGE ROUND OF APPLAUSE TO EVERYONE WHO PARTICIPATED THIS YEAR. [ APPLAUSE ] WE ARE GOING TO TAKE A QUICK LOOK BACK AT THE LAST TWO DAYS. >>WELCOME EVERYONE TO OUR THIRD ANNUAL UBER ELEVATE SUMMIT. >>WE ARE PART OF BIG EVENTS ALL THE TIME. BUT THIS IS WHAT WE’RE DOING HERE IS SO PIONEER. IF THERE’S ONE PLACE IN THE WORLD TO BE, IT IS RIGHT HERE. >>THE ELEVATE SUMMIT IS ABOUT URBAN AIR MOBILITY. AND THIS IS SOMETHING WE AT UBER HAVE BEEN THINKING ABOUT FOR NEARLY A DECADE. ♪ ♪ >>WHICH UBER HAS DONE IS BRING US TOGETHER. >>THIS IS NOT AN AVIATORS THING. IT’S FOR EVERYONE TO BE A PART OF. >>IT’S LIKE GRAND CENTRAL. >>GONE ARE THE DAYS WHEN WE COULD IGNORE SOMETHING THAT IS RADICALLY DIFFERENT. NOWADAYS WE EITHER EVOLVE OR GET LEFT BEHIND. >>WHERE EXPANDING OUR BUSINESS. UBER EATS HAS HELP US GROW. IT SOUNDS LIKE IT COULD CHANGE THE GAME AGAIN. [ APPLAUSE ] >>OF COURSE, NONE OF THIS WOULD’VE BEEN POSSIBLE WITHOUT OUR SPONSORS, PLATINUM SPONSORS, HONEYWELL, DELL, BOEING. OUR GOLD SPONSORS. OUR SILVER SPONSORS. AND OUR BRONZE SPONSORS. WOMEN CORPORATE DIRECTORS, AND BE AA, GROW BE, AND 3M. PLEASE GIVE IT UP FOR THE SPONSORS. [ APPLAUSE ] THEN OF COURSE AS DARA MENTIONED OUR UBER ELEVATE PARTNERS. THOSE WHO HAVE BEEN WITH US FOR THREE YEARS AND THOSE WHO JOINED RECENTLY. IT’S NOT POSSIBLE WITHOUT OUR ENTIRE PARTNER ECOSYSTEM ONCE THAT WE HAVE TODAY AND THE ONES WE WILL CONTINUE TO DEVELOP IN THE FUTURE. PLEASE JOIN ME IN A APPLAUSE FOR OUR PARTNER NETWORK. [ APPLAUSE ] FINALLY THERE IS AN INCREDIBLE AND MASSIVE TEAM AT UBER. BOTH THE ELEVATE TEAM ACROSS THE WORLD IN SAN FRANCISCO, NEW YORK. ST. LOUIS. OUR ELEVATE TEAM AS WELL AS ACROSS THE ENTIRE COMPANY. YOU HEARD FROM MORE THAN JUST ELEVATE TODAY. YOU HEARD FROM ALL OF THE DIFFERENT PARTS OF THE BUSINESS AROUND THE WORLD AND IT IS NOT POSSIBLE WITHOUT SO MANY PEOPLE , THE ENTIRE ELEVATE TEAM. SO MANY PEOPLE ACROSS UBER. A HUGE THANK YOU TO THE UBER TEAM THAT PUT IN SO MUCH WORK, NIGHTS, WEEKENDS. INTO MAKING THESE DAYS POSSIBLE. [ APPLAUSE ]. I WOULD LIKE TO THINK ONE PERSON IN PARTICULAR WHO IS THE ABSOLUTE BEST, SHE PUT THIS ENTIRE SUMMIT TOGETHER SHE IS OUR CHIEF OF STAFF FOR ELEVATE IN THE EXECUTIVE PRODUCER OF THE SUMMIT. SHE AND HER TEAM HAVE BEEN WORKING TIRELESSLY FOR THE LAST NUMEROUS MONTHS AND EVERYTHING THAT YOU HAVE SEEN OVER THE LAST TWO DAYS HAS BEEN COORDINATED AND ORGANIZED AND PUT TOGETHER BY HER. ARIANNA CHURCHILL, PLEASE COME TO THE STAGE. EVERYONE GIVE HER A HUGE ROUND OF APPLAUSE. [ APPLAUSE ] NONE OF THIS WOULD HAVE BEEN POSSIBLE WITHOUT ARIANNA’S HARD WORK. NONE OF THIS WOULD HAVE BEEN POSSIBLE WITHOUT ALL OF THE FOLKS AT UBER WHO PUT THIS TOGETHER. I WOULD LIKE TO INVITE THE ENTIRE UBER TEAM ONTO THE STAGE. PLEASE JOIN US. WE WILL TAKE A PHOTO. AND THANK YOU FOR JOINING US OVER THE LAST TWO DAYS IN WASHINGTON, D.C. WE WILL SEE YOU SOON. [ APPLAUSE ] ♪ ♪

5 Replies to “Day 2: Uber Elevate Summit 2019 | Uber”

  1. Manny Ramirez says:

    nobody cares

  2. john lerner says:

    WHEN YOU FIRST START DRIVING.
    They take 0% to 20% of what customers pay, and pay the driver well.
    After that short time ends. Here is what Uber does to Bankrupt and destroy their own drivers!
    In 2019, UBER TAKES 40% TO 70% OF WHAT RIDERS PAY, AND PAY NOTHING FOR GAS!.
    IF YOU GET IN AN ACCIDENT, NOT YOUR FAULT. YOU STILL PAY $1,000.00 OUT OF POCKET!.
    Many nights Drivers come back with nothing after only paying the GAS COSTS.

    This is not normal business. This is outright criminal theft!

  3. Sukhada Ghewari says:

    Comprehensive and apt explanation about flux optimizer by Revati 👍💯 5:05:17

  4. Ubereats super says:

    UBER AIR: Delivering Uber Eats with Drones | Uber Elevate | Uber

    This product is suitable for all cars, This product is made up of strong magnet + PVC shell + DIY Sticker ,Welcome everyone to buy!!!

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    We hope that more taxi drivers will use our products.

    any problem please contact us first,we will reply to you,thank you

    https://www.dhgate.com/wholesale/store.do?act=sellerStore&suppliernum=19776470&pt=0&preF=1

  5. Karlson Ty says:

    SOLID

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