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Cathie Wood-Backed VC Group, Walmart Heirs Explore Mobility

  • Bentonville gets star role as setting for UP.Summit conference
  • Makers of electric planes, drones, EVs converge on NW Arkansas
Beta Technologies’ ALIA electric aircraft.
Beta Technologies’ ALIA electric aircraft.Photographer: Brian Jenkins/Beta Technologies Inc.
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Billionaires and their sweet dreams of flying machines are converging on northwest Arkansas this week, where a Cathie Wood-backed venture capital group and heirs to the Walmart Inc. fortune are hosting a conference on the future of mobility.

The invitation-only UP.Summit brings together investors, executives, startups and founders to discuss everything from battery-electric planes to drone technology, EV batteries and developments in autonomy. Organizers say more than $1 trillion of assets under management will be represented at the conference, drawing 250 attendees from 30 countries.