1 00:00:06,160 --> 00:00:09,240 Speaker 1: Welcome to Fear and Greed Sunday feature oh Michael Thompson. 2 00:00:09,640 --> 00:00:12,840 Speaker 1: This week we heard the news that swoop Aero has 3 00:00:12,960 --> 00:00:16,000 Speaker 1: gone into administration. Now we talk a lot about how 4 00:00:16,040 --> 00:00:18,520 Speaker 1: hard it is for business right now, and that includes startups, 5 00:00:18,680 --> 00:00:21,840 Speaker 1: even ones that appear to have a lot of potential. 6 00:00:22,040 --> 00:00:25,639 Speaker 1: Swoop Aero certainly seem to have that using drones to 7 00:00:25,680 --> 00:00:28,520 Speaker 1: deliver things like vaccinations on the other side of the world, 8 00:00:28,960 --> 00:00:32,600 Speaker 1: controlled by a pilot in Melbourne. In March last year, 9 00:00:32,840 --> 00:00:36,720 Speaker 1: Sean Aylmer spoke to its co founder and CEO, Eric Peck, 10 00:00:37,080 --> 00:00:40,880 Speaker 1: who's a former Air Force pilot. This week, mister Peck 11 00:00:41,000 --> 00:00:43,720 Speaker 1: told the Financial Review, and this is a quote. 12 00:00:43,800 --> 00:00:44,639 Speaker 2: We got stuck in. 13 00:00:44,600 --> 00:00:47,360 Speaker 1: The loop where we needed to ramp up manufacturing to 14 00:00:47,479 --> 00:00:50,159 Speaker 1: ramp up revenue, but we needed capital and it took 15 00:00:50,240 --> 00:00:52,640 Speaker 1: us a long time to transition the audiobook onto a 16 00:00:52,680 --> 00:00:55,480 Speaker 1: new sales structure that had more of an upfront component. 17 00:00:56,040 --> 00:01:00,120 Speaker 1: Now Eric Peck is hoping that the administration process I 18 00:01:00,240 --> 00:01:04,080 Speaker 1: allow swoop Aero to secure its future. It is worth 19 00:01:04,120 --> 00:01:07,280 Speaker 1: listening back though to this interview from last year about 20 00:01:07,319 --> 00:01:10,640 Speaker 1: what this business does and at the time what their 21 00:01:10,720 --> 00:01:14,640 Speaker 1: hopes were for the future. Because really the technology involved 22 00:01:14,640 --> 00:01:17,000 Speaker 1: in the story behind it is quite incredible. This is 23 00:01:17,120 --> 00:01:20,840 Speaker 1: Eric Peck from swoop Aero talking to Sean Almer, March 24 00:01:20,880 --> 00:01:27,400 Speaker 1: twenty twenty three. Welcome to the Fear and Greed Daily Interview. 25 00:01:27,480 --> 00:01:30,920 Speaker 2: I'm Sean Aylmer. We love talking about drones on Fear 26 00:01:30,959 --> 00:01:34,280 Speaker 2: and Greed. It's an industry full of innovation and Australian 27 00:01:34,319 --> 00:01:38,840 Speaker 2: companies are doing some extraordinary things. Swoop Aero, for instance, 28 00:01:39,120 --> 00:01:42,560 Speaker 2: goes beyond the novelty of delivering pizzas by drone instead 29 00:01:42,560 --> 00:01:46,319 Speaker 2: of using them to deliver hundreds of thousands of vaccine doses, 30 00:01:46,360 --> 00:01:49,720 Speaker 2: medications and other supplies. The company has been recognized by 31 00:01:49,720 --> 00:01:53,120 Speaker 2: the World's Economic Forum as a global innovator. Eric Peck 32 00:01:53,240 --> 00:01:56,360 Speaker 2: is the co founder and CEO of swoop Aero. Eric, 33 00:01:56,360 --> 00:01:57,280 Speaker 2: Welcome to Fear and Greed. 34 00:01:57,880 --> 00:02:00,680 Speaker 3: Thanks for much for having me sean former. 35 00:02:00,600 --> 00:02:04,560 Speaker 2: Air Force pilot. How do you go from that to drones? 36 00:02:05,320 --> 00:02:08,840 Speaker 3: That's a very good question. Both my parents are accountants, 37 00:02:08,919 --> 00:02:10,519 Speaker 3: so you know, as you said, I did the natural 38 00:02:10,520 --> 00:02:13,519 Speaker 3: thing and joined the Air Force after school, actually after 39 00:02:13,560 --> 00:02:16,400 Speaker 3: a university degree and a very short stint, climbed the 40 00:02:16,440 --> 00:02:19,280 Speaker 3: Hawk fighter jet. I went on offy the Hercules of 41 00:02:19,320 --> 00:02:22,360 Speaker 3: the Sea one thirty j based out of Sydney. I 42 00:02:22,400 --> 00:02:24,840 Speaker 3: did two tours of the Middle East, a whole lot 43 00:02:24,840 --> 00:02:29,040 Speaker 3: of humanitarian work across Southeast Asia, but knew that my 44 00:02:29,200 --> 00:02:31,360 Speaker 3: future lay beyond the middle of trend. I wanted to 45 00:02:31,360 --> 00:02:33,200 Speaker 3: expand my skill set out of it, so I completed 46 00:02:33,200 --> 00:02:35,600 Speaker 3: an MBA and made a move into the private sector, 47 00:02:35,600 --> 00:02:38,320 Speaker 3: where I started off at a small consulting firm in 48 00:02:38,360 --> 00:02:41,760 Speaker 3: Sydney and then ultimately moved to Deloitte in the strategy 49 00:02:41,760 --> 00:02:44,880 Speaker 3: and operations team. And while I was at Deloitte, I 50 00:02:45,000 --> 00:02:47,639 Speaker 3: met a robotic engineer who's am my co founder. It 51 00:02:47,720 --> 00:02:51,560 Speaker 3: was very well known for industrial automation, so building either 52 00:02:51,680 --> 00:02:55,600 Speaker 3: large scale drone aircraft that a custom built or programming 53 00:02:55,639 --> 00:02:59,079 Speaker 3: things like other robots you see driving around warehouses. And 54 00:02:59,240 --> 00:03:02,440 Speaker 3: as an Air Force pilot and a robotic engineer, we 55 00:03:02,520 --> 00:03:05,799 Speaker 3: got asked a question about whether a drone could move 56 00:03:06,000 --> 00:03:09,360 Speaker 3: chemot therapy medication in the New South Wales outback. The 57 00:03:09,480 --> 00:03:12,520 Speaker 3: question came from someone who was working with I think 58 00:03:12,560 --> 00:03:16,120 Speaker 3: Western Helish District in New South Wales and it was 59 00:03:16,160 --> 00:03:18,480 Speaker 3: really the problem statement was a kilo of chemote therapy 60 00:03:18,520 --> 00:03:22,160 Speaker 3: medication in a small eski one hundred kilometers and that's 61 00:03:22,200 --> 00:03:24,560 Speaker 3: a really easy thing to do once in twenty seven, 62 00:03:24,600 --> 00:03:27,400 Speaker 3: and it's even easier now. But we thought the real 63 00:03:27,480 --> 00:03:29,840 Speaker 3: question was what does a system look like they can 64 00:03:29,880 --> 00:03:33,440 Speaker 3: do that safely and very reliably a thousand times a week. 65 00:03:34,080 --> 00:03:37,280 Speaker 3: And everyone else was taking their toy drone and trying 66 00:03:37,280 --> 00:03:39,400 Speaker 3: to make a delivery drone, and we thought what we 67 00:03:39,400 --> 00:03:41,520 Speaker 3: should do is take that seventy ton hercules that I 68 00:03:41,560 --> 00:03:44,280 Speaker 3: used to fly and shrink it down into an electric 69 00:03:44,320 --> 00:03:47,440 Speaker 3: autonomous aeroplane and the new software to automate everything around it. 70 00:03:47,560 --> 00:03:50,040 Speaker 3: And so in twenty seven and we founded the. 71 00:03:50,000 --> 00:03:56,800 Speaker 2: Company incredibly Shrinking Hercules hopefully. Yeah, So I mean, don't 72 00:03:56,800 --> 00:03:59,600 Speaker 2: get too technical on me here, Eric, but how do 73 00:03:59,640 --> 00:04:01,600 Speaker 2: you do it? How do you get a seventy ton 74 00:04:01,640 --> 00:04:03,520 Speaker 2: hercules into a drone? 75 00:04:04,360 --> 00:04:07,200 Speaker 3: Well? I often joke that we built the unit economic 76 00:04:07,280 --> 00:04:09,680 Speaker 3: model and the risk management plan before we even quit 77 00:04:09,680 --> 00:04:10,760 Speaker 3: our full time jobs. 78 00:04:11,240 --> 00:04:11,520 Speaker 2: Right. 79 00:04:12,040 --> 00:04:15,320 Speaker 3: We thought that aviation is a very long standing industry 80 00:04:15,360 --> 00:04:17,640 Speaker 3: with a high, high degree of safety standards, and so 81 00:04:18,080 --> 00:04:21,120 Speaker 3: we conceptually thought that you needed a single airframe that 82 00:04:21,120 --> 00:04:23,479 Speaker 3: could do multiple different types of missions and not just 83 00:04:23,920 --> 00:04:26,720 Speaker 3: delivery but also search and rescue, and disaster response or 84 00:04:26,760 --> 00:04:29,719 Speaker 3: emergency management all within the one airframe, and that it 85 00:04:29,760 --> 00:04:33,360 Speaker 3: needed to be basically following all of the industry four 86 00:04:33,400 --> 00:04:35,200 Speaker 3: point zero principles. It has got to be powered by 87 00:04:35,200 --> 00:04:38,200 Speaker 3: a digital twin that's got to have artificial intelligence on board, 88 00:04:38,600 --> 00:04:41,080 Speaker 3: and then basically, much like the hercules, it had to 89 00:04:41,120 --> 00:04:43,360 Speaker 3: have multiple levels of redundancy so that we could prove 90 00:04:43,400 --> 00:04:46,160 Speaker 3: that no matter what, the aircraft would fly really safely 91 00:04:46,279 --> 00:04:49,600 Speaker 3: over an urban suburb like Inner City or Inner Melbourne, 92 00:04:49,760 --> 00:04:52,960 Speaker 3: and also have all the characteristics necessary to serve the 93 00:04:52,960 --> 00:04:55,880 Speaker 3: outback in Australia. And so we had this really unique 94 00:04:55,880 --> 00:04:58,599 Speaker 3: set of product requirements and we squished it all down 95 00:04:58,600 --> 00:05:01,360 Speaker 3: into a small, very intelligent electric airplane. 96 00:05:01,839 --> 00:05:02,680 Speaker 2: So how big is it? 97 00:05:03,640 --> 00:05:06,479 Speaker 3: The aircraft itself weighs just under twenty five killows and 98 00:05:06,520 --> 00:05:08,840 Speaker 3: the wingspanish just under three meters, so it can kind 99 00:05:08,839 --> 00:05:11,000 Speaker 3: of land fairly easily in a car park. 100 00:05:11,839 --> 00:05:16,479 Speaker 2: Wow, that is quite remarkable. And the aeronautics around it 101 00:05:16,520 --> 00:05:18,359 Speaker 2: is more like a plane than a drone. 102 00:05:18,800 --> 00:05:20,760 Speaker 3: Yeah, that's it. So it takes off on lands are 103 00:05:20,760 --> 00:05:22,839 Speaker 3: like a helicopter with a series of propellers that lift 104 00:05:22,880 --> 00:05:25,120 Speaker 3: it upwards and then they all stop and line up 105 00:05:25,160 --> 00:05:27,440 Speaker 3: directly into the airflow, so there's no drag and nothing 106 00:05:27,440 --> 00:05:29,480 Speaker 3: to hold the aircraft back, and then it flies forward 107 00:05:29,600 --> 00:05:31,400 Speaker 3: like a normal airplane, up to one hundred and seventy 108 00:05:31,440 --> 00:05:34,200 Speaker 3: five kilometers out and back. So it's a long one 109 00:05:34,320 --> 00:05:35,120 Speaker 3: range aircraft. 110 00:05:35,640 --> 00:05:40,599 Speaker 2: Stay with me, Eric, we'll be back in a minute. 111 00:05:43,600 --> 00:05:46,440 Speaker 2: My guest this morning is Eric Peck, co founder and 112 00:05:46,560 --> 00:05:50,400 Speaker 2: CEO of swoop Aerow. Okay, now I have read some 113 00:05:50,440 --> 00:05:53,440 Speaker 2: of the statistics on what swoop erow has done in 114 00:05:53,560 --> 00:05:56,440 Speaker 2: terms of delivery, but take me through some of the 115 00:05:56,440 --> 00:05:59,840 Speaker 2: things you've done with this technology. Quite remarkable. 116 00:06:00,360 --> 00:06:03,839 Speaker 3: Oh thank you. I mean, three employees in a garage 117 00:06:04,160 --> 00:06:07,160 Speaker 3: won the world's first competitive tender for medical drone delivery. 118 00:06:07,160 --> 00:06:10,040 Speaker 3: And so we were in a garage in Bayswater in Victoria, 119 00:06:10,320 --> 00:06:12,880 Speaker 3: and we competed against twenty other companies around the world, 120 00:06:12,920 --> 00:06:15,919 Speaker 3: a lot of Silicon Valley venture capital backed companies at 121 00:06:15,960 --> 00:06:18,040 Speaker 3: the time that were building all different types of technology, 122 00:06:18,600 --> 00:06:21,280 Speaker 3: but with this very very strong product requirement in view 123 00:06:21,480 --> 00:06:23,400 Speaker 3: won the We won this tender, and so we went 124 00:06:23,440 --> 00:06:27,080 Speaker 3: to Vanuatu for five months and delivered vaccines predominantly with 125 00:06:27,120 --> 00:06:29,880 Speaker 3: then picked up samples and moved them around and really 126 00:06:29,920 --> 00:06:32,599 Speaker 3: honed in what a product needed to look like. And 127 00:06:32,640 --> 00:06:34,360 Speaker 3: we also had a team that we hired back at 128 00:06:34,360 --> 00:06:37,599 Speaker 3: home continuing to build the technology. And I often joke 129 00:06:37,720 --> 00:06:39,760 Speaker 3: that we raised that as venture capital around. I was 130 00:06:39,800 --> 00:06:43,240 Speaker 3: standing on an island in Vanuatu with a laptop in 131 00:06:43,279 --> 00:06:45,839 Speaker 3: one hand, a phone away on the other, griefing people 132 00:06:45,880 --> 00:06:49,240 Speaker 3: through the financial model Wow. And so we kind of 133 00:06:49,279 --> 00:06:53,080 Speaker 3: grew the company out. We then won subsequent tenders with 134 00:06:53,120 --> 00:06:57,080 Speaker 3: different organizations, all competitive in Dia, Congo and Malawi, Mozambique 135 00:06:57,080 --> 00:06:59,479 Speaker 3: and Namibia. And if I pass forward today we've got 136 00:06:59,480 --> 00:07:01,680 Speaker 3: about a hund and two people on the team. We've 137 00:07:01,680 --> 00:07:05,080 Speaker 3: been operating on the African continent continuously since twenty nineteen 138 00:07:05,120 --> 00:07:07,800 Speaker 3: now so approaching the four year mark. Air operation in 139 00:07:07,880 --> 00:07:11,360 Speaker 3: Mallow is the biggest dronagistics network in the world and 140 00:07:11,480 --> 00:07:14,000 Speaker 3: office a full range of services for medical delivery through 141 00:07:14,040 --> 00:07:17,640 Speaker 3: to mapping and monitoring, emergency management, disaster response with a 142 00:07:17,720 --> 00:07:20,520 Speaker 3: range for different customers. A DRC has been operating for 143 00:07:20,560 --> 00:07:23,800 Speaker 3: two years, so the Congo, Mozambique for a year. We 144 00:07:23,880 --> 00:07:26,800 Speaker 3: have an operation in Queensland that has been running flat 145 00:07:26,800 --> 00:07:29,160 Speaker 3: out doing pharmaceutical to the door delivery and that will 146 00:07:29,200 --> 00:07:31,240 Speaker 3: expand with funding from the federal government to be the 147 00:07:31,760 --> 00:07:35,520 Speaker 3: biggest integrated drone services network in the world, covering initially 148 00:07:35,560 --> 00:07:37,720 Speaker 3: one hundred and fifty and two hundred and fifty thousand 149 00:07:37,720 --> 00:07:40,240 Speaker 3: square kilometers. And we've got an operation in New Zealand 150 00:07:40,240 --> 00:07:42,640 Speaker 3: as well, so a lot of really exciting stuff happening 151 00:07:42,640 --> 00:07:43,280 Speaker 3: all over the world. 152 00:07:44,040 --> 00:07:49,000 Speaker 2: It's incredible. How long the journey time can this plane for? 153 00:07:49,040 --> 00:07:50,240 Speaker 2: One of a bit of turn. I don't want to 154 00:07:50,280 --> 00:07:52,360 Speaker 2: use it to drain. What do you're calling it a drone? 155 00:07:52,400 --> 00:07:54,160 Speaker 2: I presume, but it's kind of better than a drone 156 00:07:54,200 --> 00:07:56,200 Speaker 2: in a sense. What's the word I should be using. 157 00:07:56,600 --> 00:07:58,960 Speaker 3: We call them kites because that is the name of 158 00:07:59,000 --> 00:08:02,320 Speaker 3: the aircraft. We're quite had with drone or aircraft, whatever's easy. 159 00:08:02,200 --> 00:08:04,080 Speaker 2: Okay, So I'm going to call it a kite. So 160 00:08:04,440 --> 00:08:07,440 Speaker 2: I mean, how far can it fly? What's the journey time? 161 00:08:08,160 --> 00:08:08,320 Speaker 1: Yeah? 162 00:08:08,360 --> 00:08:10,280 Speaker 3: So these aircraft can fly one hundred and seventy five 163 00:08:10,360 --> 00:08:12,720 Speaker 3: kilometers in a single flight, which is about ninety minutes 164 00:08:12,720 --> 00:08:15,040 Speaker 3: in the air, and they're designed to fly very fast. 165 00:08:15,200 --> 00:08:17,720 Speaker 3: So our idea is it we can move something from 166 00:08:17,720 --> 00:08:19,840 Speaker 3: a point to the point at which delivers value as 167 00:08:19,920 --> 00:08:22,520 Speaker 3: quickly as possible and get there right on time. And 168 00:08:22,560 --> 00:08:25,080 Speaker 3: so you know that's kind of looks like four point 169 00:08:25,080 --> 00:08:27,840 Speaker 3: seven kilograms of payload as quickly as we can to 170 00:08:27,880 --> 00:08:30,760 Speaker 3: the point it's needed. Whether that's such a rescue kit 171 00:08:30,800 --> 00:08:33,480 Speaker 3: to someone in the water, or it's a spectral camera 172 00:08:33,480 --> 00:08:36,040 Speaker 3: above a flood zone, or oxytocin to a mother that's 173 00:08:36,080 --> 00:08:37,880 Speaker 3: just given birth at a hospital in Malawi. That's kind 174 00:08:37,920 --> 00:08:38,800 Speaker 3: of what we're specializing. 175 00:08:39,320 --> 00:08:42,720 Speaker 2: Wow, So swiper itself though it's more than just the kite. 176 00:08:42,840 --> 00:08:45,480 Speaker 2: You're actually sort of end to end as well. So 177 00:08:46,080 --> 00:08:49,960 Speaker 2: you go and somehow procure the medicine let's same, aren't 178 00:08:50,000 --> 00:08:53,559 Speaker 2: we and set it up, fly it out and then 179 00:08:53,600 --> 00:08:54,640 Speaker 2: bring it back. Is that right? 180 00:08:55,200 --> 00:08:58,440 Speaker 3: Yeah, that's right. I mean we we design, prototype, and 181 00:08:58,480 --> 00:09:01,160 Speaker 3: manufacture the physical aircraft right here in Australia at our 182 00:09:01,160 --> 00:09:04,200 Speaker 3: factory in Port Melbourne, and we develop all the software 183 00:09:04,240 --> 00:09:06,840 Speaker 3: that supports them as well, so everything in the technology 184 00:09:06,840 --> 00:09:09,320 Speaker 3: stack is Australi designed and owned. We then build the 185 00:09:09,320 --> 00:09:12,400 Speaker 3: aircraft and operate them all around the world using this 186 00:09:12,480 --> 00:09:15,600 Speaker 3: technology stack, and so you know, we will embed our sellers. 187 00:09:15,640 --> 00:09:17,880 Speaker 3: We set the Ministry of Health in Malawi, or if 188 00:09:17,960 --> 00:09:20,880 Speaker 3: we look at Queensland with the Dialing Down's Health Region 189 00:09:21,040 --> 00:09:23,600 Speaker 3: and the Martyr Hospital Group and we basically move all 190 00:09:23,600 --> 00:09:26,880 Speaker 3: their products for them, guaranteeing that we can improve our 191 00:09:26,960 --> 00:09:29,200 Speaker 3: level of service or cut the weight time down for 192 00:09:29,280 --> 00:09:33,000 Speaker 3: pathology sample results or test results, or we can even 193 00:09:33,000 --> 00:09:35,720 Speaker 3: deliver out to you adore your prescription that you get 194 00:09:35,760 --> 00:09:37,679 Speaker 3: from Meteality health appointment with the doctor. It's kind of 195 00:09:38,200 --> 00:09:41,200 Speaker 3: our core goal is to realize the next giant leap 196 00:09:41,200 --> 00:09:43,480 Speaker 3: in how essential supplies and services are delivered. 197 00:09:43,920 --> 00:09:46,480 Speaker 2: I'm feeling really ignorant in this conversation, Eric, I got 198 00:09:46,480 --> 00:09:51,040 Speaker 2: to tell you, what about do you need a pilot 199 00:09:51,400 --> 00:09:54,200 Speaker 2: to fly a kite? Or how many kites can a 200 00:09:54,200 --> 00:09:55,199 Speaker 2: pilot fly at once? 201 00:09:56,120 --> 00:09:59,000 Speaker 3: Definitely, I mean so the initial aircraft as I've had 202 00:09:59,000 --> 00:10:01,960 Speaker 3: one pilot flying every aircraft. But we knew that to 203 00:10:02,040 --> 00:10:04,840 Speaker 3: make this operation viable in the long term, we need 204 00:10:04,840 --> 00:10:07,840 Speaker 3: to be able to have the aircraft being effectively autonomous 205 00:10:07,840 --> 00:10:10,400 Speaker 3: and having one pilot watching mortible of them. And so 206 00:10:10,440 --> 00:10:13,240 Speaker 3: we call this approach human on the loop. And so 207 00:10:14,040 --> 00:10:16,439 Speaker 3: as I said here right now in Australia we fly 208 00:10:16,559 --> 00:10:19,679 Speaker 3: five aircraft with one pilot monitoring them. And for the 209 00:10:19,720 --> 00:10:22,679 Speaker 3: operation of Malawi and Mozambique and DRC. We have one 210 00:10:22,920 --> 00:10:26,440 Speaker 3: one pilot flying ten with an ultimate goal of working 211 00:10:26,480 --> 00:10:29,640 Speaker 3: closely with CASS of the Aviation Regulative in Australia and 212 00:10:29,640 --> 00:10:31,920 Speaker 3: the Federal Aviation Administration in the United States to get 213 00:10:31,960 --> 00:10:34,719 Speaker 3: that number towards one pilot flying thirty aircraft at the 214 00:10:34,720 --> 00:10:35,200 Speaker 3: same time. 215 00:10:36,000 --> 00:10:39,520 Speaker 2: Wow, incredible. So that's where you are now now, well 216 00:10:39,520 --> 00:10:42,959 Speaker 2: not one four thirty, but you are delivering medicines around 217 00:10:42,960 --> 00:10:46,040 Speaker 2: the world. What next. I know that you recently turned 218 00:10:46,040 --> 00:10:49,080 Speaker 2: down a takeover offer worth about one hundred million dollars, 219 00:10:49,160 --> 00:10:51,200 Speaker 2: or at least reportedly worth about one hundred million dollars. 220 00:10:51,360 --> 00:10:53,720 Speaker 2: You obviously have great faith in the company. What next? 221 00:10:54,600 --> 00:10:56,600 Speaker 3: Yeah, that's right. I mean I think we think we 222 00:10:56,600 --> 00:10:59,520 Speaker 3: could do fantastic things with an Australian built in Australian 223 00:10:59,559 --> 00:11:02,959 Speaker 3: manufactur technology that we're exporting to the world. And so 224 00:11:03,000 --> 00:11:06,520 Speaker 3: our core goal as a company is to deploy a 225 00:11:06,600 --> 00:11:10,000 Speaker 3: series of these drone services networks around the world, starting 226 00:11:10,040 --> 00:11:12,160 Speaker 3: with the one in Queensland and then moving to Victoria, 227 00:11:12,720 --> 00:11:16,720 Speaker 3: then Switzerland, Canada and the United States and reach a 228 00:11:16,760 --> 00:11:19,720 Speaker 3: billion people in the year twenty thirty. And that's what 229 00:11:19,720 --> 00:11:22,920 Speaker 3: we're really focused on as a company. If I backtrack 230 00:11:23,000 --> 00:11:25,800 Speaker 3: that towards the end of twenty twenty five, we'll end 231 00:11:25,880 --> 00:11:28,720 Speaker 3: up having ten networks operational all around the world in 232 00:11:28,760 --> 00:11:32,360 Speaker 3: high income countries, an additional six networks operating across the 233 00:11:32,400 --> 00:11:35,319 Speaker 3: African Continent, and twelve hundred aircraft out in the while 234 00:11:35,480 --> 00:11:38,320 Speaker 3: doing flights every day to unlock the potential of the sky. 235 00:11:39,160 --> 00:11:41,240 Speaker 2: Wow. I mean, the potential is enormous, and we've been 236 00:11:41,280 --> 00:11:44,080 Speaker 2: talking a lot about the health benefits, but there must 237 00:11:44,080 --> 00:11:47,480 Speaker 2: be huge amounts in disaster relief and all sorts of 238 00:11:47,480 --> 00:11:49,079 Speaker 2: things that I can't even imagine at the moment. 239 00:11:49,520 --> 00:11:51,520 Speaker 3: Yeah, that's right. I mean, the full range of services 240 00:11:51,520 --> 00:11:55,520 Speaker 3: we offer includes medical transport, first respond to an emergency response, 241 00:11:55,559 --> 00:11:58,680 Speaker 3: but also mapping and monitoring a data collection. We do 242 00:11:58,720 --> 00:12:00,600 Speaker 3: a lot of work with the agricultural actors both in 243 00:12:00,600 --> 00:12:03,960 Speaker 3: Australia and overseas emergency management so we work with some 244 00:12:04,000 --> 00:12:06,320 Speaker 3: government organizations here in Australia and then the likes of 245 00:12:06,360 --> 00:12:09,520 Speaker 3: the Bord Food Program, UNISEE in the World Health Organization 246 00:12:09,559 --> 00:12:11,920 Speaker 3: on the African continent, and then all the way down 247 00:12:11,960 --> 00:12:14,400 Speaker 3: to being able to move you know, generic everyday supplies 248 00:12:14,400 --> 00:12:18,040 Speaker 3: and even e commerce supplies for people like postal services 249 00:12:18,320 --> 00:12:21,520 Speaker 3: or e commerce providers. It's what we do as a 250 00:12:21,520 --> 00:12:24,680 Speaker 3: company is we're able to either increase the level of 251 00:12:24,720 --> 00:12:27,440 Speaker 3: service or reduce the cost of the current level of 252 00:12:27,480 --> 00:12:32,079 Speaker 3: service while decarbonizing part of an organization supply chain or 253 00:12:32,120 --> 00:12:34,479 Speaker 3: the way to live as services, which is really exciting. 254 00:12:34,720 --> 00:12:36,720 Speaker 2: More fun than flying hercules. 255 00:12:37,880 --> 00:12:40,680 Speaker 3: It's blyd. The hercules was a lot of fun, but 256 00:12:41,320 --> 00:12:45,360 Speaker 3: having an awesome team working towards this amazing goal of 257 00:12:45,360 --> 00:12:47,920 Speaker 3: reaching a billion people in the year twenty thirty, I 258 00:12:48,000 --> 00:12:49,800 Speaker 3: don't think I could be choosing to do anything else. 259 00:12:50,320 --> 00:12:52,000 Speaker 2: Eric, thank you for talking to Fear and Greed. 260 00:12:52,520 --> 00:12:53,480 Speaker 3: Thank you very much. 261 00:12:53,679 --> 00:12:56,440 Speaker 2: That was Eric Peck, co founder and chief executive officer 262 00:12:56,480 --> 00:12:59,120 Speaker 2: of swoop Aero. This is the Fear and Greed Daily Interview. 263 00:12:59,240 --> 00:13:01,760 Speaker 2: Join us Wanding for the full episode of Fear and Greed, 264 00:13:02,080 --> 00:13:06,000 Speaker 2: Australia's most popular business podcast. I'm Sean aelma Enjoy your day.