You get a massive weight savings in the engines and all related components. DC motors are multiple times smaller and lighter than the equivalent powered turbine engine when you consider the entire system. On top of that you totally eliminate the need for variable pitch props and the related transmission parts since electric motors can adjust power instantly. You also negate a lot of hydraulic systems (and their redundant backups) without the need for things like fuel pumps, thrust reversers, etc.
It also seems they are not using anything like standard li-po tech. From their site:
>Utilizing industry-leading lithium-ion batteries and a proprietary Aluminum-Air system for range, we’ve surpassed the 400Wh/kg mark.
For reference this is nearly double Tesla's energy density. Of course the cells will be much more expensive, but that matters a lot less for a low volume, high usage application that can be amortized.