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 from investors like JetBlue, Toyota, and Intel, bringing its total funding to approximately $130 million for electric air taxi development.
- The company aims to create a safe, affordable, and sustainable air taxi to mitigate traffic congestion and reduce transportation emissions.
- Joby's "absolutely all new" vehicle is designed to be ultra-quiet, zero-emission, and capable of transporting up to five people for 150 miles on a single electric charge.
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