Flying taxi company Joby Aviation goes public

Aug. 16, 2021
Joby Aviation promises to have air taxis flying by 2024 but there's no word yet on how much it will cost, Matt Novak reports for Gizmodo.

SANTA CRUZ, Calif., - Joby Aviation made its debut Wednesday as a publicly trade company on the New York Stock Exchange surging over 25% after opening at a price of $10.62. Joby is currently promising air taxi service for the public by 2024, an ambitious plan for its electric vertical-take-off and landing vehicles, known as eVTOL, Matt Novak reports for GizmodoContinue reading original article.

The Intelligent Aerospace take:

August 16, 2021 - “Aviation connects the world in critically important ways but today it does that at the expense of our planet,” said JoeBen Bevirt, founder and CEO at Joby. “By taking Joby public we have the opportunity to drive a renaissance in aviation, making emissions-free flight a part of everyday life. This is our generation’s moonshot moment, and at Joby we’re proud to be leaning in.”

Reid Hoffman, LinkedIn Co-Founder and Co-Lead Director of RTP, added, “With its advanced technology, we believe Joby is ‘Tesla meets Uber in the air’ and the clear leader in the eVTOL and aerial ridesharing space. We believe Joby is well-positioned with capital to be the first company to certification and commercialization. Closing this business combination accelerates Joby’s roadmap, and we look forward to supporting JoeBen and Joby’s world-class team in executing on their vision.”

Related: Toyota and Joby Aviation join together on UAM venture

Related: Uber invests in Joby Aviation and expands partnership

Related: GM surprises with Cadillac eVTOL air taxi at CES 2021

Jamie Whitney, Associate Editor
Intelligent Aerospace

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