Results for: joby

Historically, Joby Aviation had been quietly ramping up production and initial flight tests of its air taxi eVTOL prototype, until today. The company released this week a pair of videos showcasing their prototype during a flight test. Notably, the video highlights the prototype’s ability to take off, transition to horizontal flight, and return for landing. The videos follows the recent...

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LinkedIn founder Reid Hoffman and Zynga founder Mark Pincus are nearing a deal that would merge their blank check company with Joby Aviation, a move that would value Joby Aviation at $5.7 billion USD. Reinvent Technology Partners, Hoffman and Pincus’ special purpose acquisition company which recently raised $690 million USD in a public listing in 2020, is now finalizing financing...

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This article, written by Dean Donovan, was originally published on Forbes. Shared on TransportUP with permission. It’s official: Joby Aviation is buying Uber Elevate. The electric air taxi developer will integrate the Uber Elevate team into its core operation; Uber and Joby will expand their partnership to provide a seamless multi-modal experience and share data on how to provide the...

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After recently coming out of stealth mode, Santa-Cruz based Joby Aviation has purchased Uber Elevate (Uber’s air taxi hailing initiative), and received airworthiness certification from the U.S military, all in just one week of announcements. For years, Joby Aviation existed on the eVTOL market, but little news was released on the eVTOL aircraft and its creator company. Then in January...

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BETA Technologies and Joby Aviation are planning to hold a ceremony to commemorate the groundbreaking of an “advanced urban air mobility technology simulator” facility at Ohio’s Springfield-Beckley Municipal Airport. Designed by the two pioneering eVTOL startups themselves, the facility will accelerate the Air Force’s deepening exploration of the vehicles, a project called “Agility Prime.” Custom graphic from the launch event of...

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Joby Aviation in Talks to Purchase Uber Elevate

04 December 2020 || 3 min read

Multiple sources are reporting the California-based eVTOL startup, Joby Aviation, is negotiating a potential buyout for Uber’s air taxi unit, Uber Elevate. This breaking news would significantly alter the landscape of aerial mobility as Uber, one of the early influencers in the space looks to sell off its stake. Uber has been well known for its white papers, market surveys,...

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Beta Technologies and Joby Aviation have just become first developers of urban air mobility vehicles to progress to the third stage of the U.S. Air Force’s Agility Prime program. The Agility Prime program is the flagship eVTOL program of the United States Air Force, as an increasing number of military organizations across the world become more interested in applications of...

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Joby Aviation Prepares for Manufacturing

01 March 2020 || 3 min read

Joby Aviation, a budding eVTOL air taxi designer and manufacturer partially backed by Toyota, has begun work on its manufacturing facilities in Marina, California. In the latest news, Joby has begun leasing and renovating several hangars at the Marina Municipal Airport. According to Joby spokesperson Mojgan Khalili, the new facilities will be used to “support the development and manufacturing of...

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Joby Team

Jameel Investment Management Company (JIMCO), the investment arm of Abdul Latif Jameel, has announced its participation in a Series C round of funding for California-based startup Joby Aviation, which recently raised an additional $590 million in capital. Joby has attracted several big names in the automotive, aerospace, and financial sectors in its recent round of funding including Toyota Motor Corporation,...

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Joby Aviation's aircraft prototype

Joby Aviation to Build New Factory in California

19 January 2020 || 4 min read

Joby Aviation, backed by Uber, plans to build a large manufacturing facility in Marina, CA The flying car company recently opened a 30 day period for public comment and the release of environmental reviews surrounding its plans to develop a factory at the Marina Municipal Airport. The move could bring up to 600 tech jobs to the region and be...

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With ten years of research and development experience, Joby Aviation has become a leader in the development of eVTOL aircraft which combine elements of helicopters and small airplanes, offering benefits that include high reliability, zero emissions, fast flight speeds and quiet operations. The company is developing an aircraft that offers lower operating costs and lower costs of maintenance, while enhancing reliability...

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Joby is the first company to commit to Uber’s 2023 launch of its air taxi service. Rideshare group Uber and electric vertical takeoff and landing (eVTOL) aircraft developer Joby Aviation have announced a partnership to launch urban air-taxi services in selected locations from 2023. California-based Joby Aviation has become the first of seven partner companies in Uber’s Elevate urban air...

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Kitty Hawk and Joby Aviation have received nearly $2m from the Defense Innovation Unit Experimental (DIUx). DIUx is a Pentagon organization “founded to help America’s military make faster use of emerging technologies”. None of those involved disclosed the funding details at that time. DIUx’s plan for small electric aircraft pragmatic, according to a document that detailed the funding program. “These vehicles will …...

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Pentagon Kitty Hawk

Joby Aviation

21 June 2018 || < 1 min read

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26 Feb 2018 || 1 min read Startup Air-Taxi company Joby Aviation has raised $100 million in funding from a number of investors including Toyota, JetBlue, and Intel during their latest Seed B fundraising round. This effort brings Joby to $130 million in total funding for their air-taxi project, which intends to fly 5 passengers as far as 150 miles...

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