Joby Aviation is acquiring Uber Elevate, taking on its ambitious plans to launch commercial air taxi services using eVTOL aircraft by 2023. Details of the purchase price and terms were not disclosed in an announcement made late on Tuesday.
As part of the deal, parent company Uber Technologies said it will invest a further $75 million in California-based Joby. The group disclosed that during a January 2020 Series C financing round it invested $50 million in Joby, which said it has now raised a total of $820 million in funding. The transaction is expected to close in the first quarter of 2021, subject to regulatory review and completion of closing conditions.
The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.
The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.
The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.
The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.
