Joby’s website says, “More than a billion people on planet Earth spend more than an hour a day in traffic. Transportation emissions are one of the largest sources of pollution.” Thanks to the $100 million Joby just raised from a variety of investors, including the venture capital arms of JetBlue, Toyota and Intel, the startup might be well on its way to creating the safe, affordable and sustainable air taxi the company’s engineers have been dreaming of for a decade.
Air-Taxi Startup Joby Aviation Raises $100 Million
Key Takeaways:
- Joby Aviation secured $100 million in recent funding, bringing its total to approximately $130 million, to develop a safe, affordable, and sustainable electric air taxi.
- The company aims to create an "absolutely all new," ultra-quiet, zero-emission aircraft designed to carry up to five people for 150 miles on a single electric charge.
- This air taxi is intended to offer a compelling alternative to driving, addressing traffic congestion and reducing transportation emissions.
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