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 recently secured $100 million in new funding, bringing its total to approximately $130 million, from investors including JetBlue, Toyota, and Intel.
- The company aims to develop a safe, affordable, and sustainable electric air taxi to alleviate traffic and reduce transportation emissions.
- Joby's "all new" electric vehicle is designed to be ultra-quiet, zero-emission, carry up to five people, and fly as far as 150 miles on a single charge.
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