Silicon Valley has been hard at work on the vexing challenge of autonomous cars. Now veterans of Space Exploration Technologies Corp (SpaceX) and Tesla Inc are announcing what they have been up to: a new start-up working on self-flying airplanes for cargo.
Reliable Robotics Corp is not trying to invent a new kind of aircraft. The idea is to bring autonomous capability to existing planes, starting with smaller aircraft that ferry cargo.
In June, with approval from the US Federal Aviation Administration (FAA), Reliable Robotics demonstrated a fully automated remote landing of a Cessna 208 Caravan turboprop owned by FedEx Corp.
Reliable Robotics chief executive Robert Rose led flight software at Elon Musk’s SpaceX, then led the early Autopilot program at Tesla Inc before joining Google.
He cofounded Reliable Robotics in 2017 with Juerg Frefal, who worked at SpaceX for almost a decade.
“When I first started taking flying lessons myself, my first thought was, why isn’t this automated?” said Rose in an interview. “I worked on autonomous rockets and spacecraft and cars. Aviation is so much more well understood compared to driving.”
Based in Mountain View, California, the 35-person start-up is focused on integrating automation into existing systems, starting with a small cargo aircraft. The plane flies on its own, but a pilot helps manage extreme weather or air traffic control from a control center on the ground.
Developers of automated flying technology envision everything from small drones delivering packages to air taxis ferrying human passengers across cities. While the visions are bold, the ones that pan out would take years to materialize.
“There are a lot of companies trying to get into this space and it’s going to take time, but a market will develop,” said Phil Finnegan, director of corporate analysis at Teal Group.
Regulators at the FAA are being cautious, he said, adding that “there’s a lot of hurdles that need to be surmounted before you can have widespread cargo deliveries. Carrying people is years out.”
Reliable has been in discussions with FedEx, which owns the Cessna used during recent test flights. The company is working with the FAA to get its system certified for use in civilian airspace and has raised US$33.5 million in two rounds of funding led by Lightspeed Venture Partners and Eclipse Ventures respectively.
“I think we’ll see self-flying aircraft before we see massive adoption of self-driving cars,” said Greg Reichow, a partner at Eclipse Ventures who serves on Reliable Robotics’ board. “It’s a more achievable problem. When you are driving a car on the ground it has to deal with all of the variables of the streets: construction and kids and soccer balls and other cars. The air is more controlled: There is controlled air space, air traffic control and one regulatory agency in the FAA.
Reichow, who was the vice president of manufacturing at Tesla before becoming a venture capitalist, said that Eclipse wanted to invest in autonomous aircraft and was looking for a strong team that had deep experience in building autonomous aerospace systems — and in actually shipping real products.
“Reliable has a very thoughtful, pragmatic approach that is very different from a lot of companies that are new grads wanting to build an air taxi,” Reichow said. “The world of air cargo is the place to start.”
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
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