Blade To Go Public Through Experience Acquisition
The acquisition by Experience is anticipated to result in $400 million in gross proceeds that Blade will use to expand markets and increase infrastructure.

Urban air mobility provider Blade signed a definitive agreement to be acquired by special purpose acquisition company Experience Investment and publicly listed on Nasdaq. Anticipated to close in the first half of 2021, the transaction is expected to result in $400 million in gross proceeds that Blade said will enable it to expand its urban air mobility routes, build up its passenger infrastructure, and accelerate plans to transition from conventional aircraft to electrical vertical takeoff and landing (eVTOL) aircraft.


Loading…