Big Law
Air Taxi Startup Joby Aviation Goes Public with $6.6B Merger
SANTA CRUZ – Joby Aviation, an ambitious air taxi startup, announced on Wednesday a merger with Reinvent Technology Partners.
The Santa Cruz-based start-up has spent the last 12 years working on transforming the world of transportation. The company wants to create a commercial passenger service using its electric aircraft.
The aircraft is unique as it takes off and lands vertically. During the flight, the propellors angle forward like a fixed-wing aircraft.
“This aircraft is all-electric. While quiet in vertical take-off, it is near silent in flyover, opening unprecedented opportunities for traveling, both in congested cities and underserved rural communities,” said Joby Founder and CEO JoeBen Bevirt in a video release.
