Joby Gets $100M Funding for VTOL Air Taxi | Aviation International News

Joby Gets $100M Funding for VTOL Air Taxi

Investors including Intel, JetBlue, and Toyota sign on to get the "disruptive technology" vehicle certified.

By James Wynbrandt • Contributor - Business Aviation

February 3, 2018

U.S.-based Joby Aviation has secured US$100 million from investors led by Intel Capital, EDBI, JetBlue Technology Ventures, and Toyota AI Ventures to fund pre-production and certification of its all-electric vertical takeoff and landing (VTOL) aircraft. Designed for local and regional for-hire transportation and 10 years in development, the five-passenger VTOL air taxi will fly at least 150 miles on a charge and be 100 times quieter than conventional aircraft, according to Joby. A full-scale technical demonstrator has already flown.

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