Joby to Acquire Blade’s Passenger Business

Electric air taxi developer will take over Blade’s network of terminals and lounges in locations such as New York City.

Jack Daleo

Monday, August 04, 2025 at 02:39 PM ET

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Jack Daleo

Joby’s electric vertical takeoff and landing (eVTOL) air taxi is a piloted, four-passenger model designed for short-hop flights, cruising at about 200 mph. [Courtesy: Joby Aviation]

Key Takeaways:

Joby Aviation is acquiring the passenger division of Blade Air Mobility for $125 million, a significant move to accelerate its urban air mobility (UAM) launch plans.
This acquisition provides Joby with crucial infrastructure, including Blade's network of 12 terminals and an existing customer base, particularly in key markets like New York.
The deal strategically addresses Joby's needs for launchpads, demand generation, and a real-world platform to integrate and refine its ElevateOS ridesharing software.
Blade's medical transport business will spin off as Strata Critical Medical, with Joby becoming its preferred eVTOL partner.

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In a seismic move for the emerging urban air mobility (UAM) industry, electric air taxi developer Joby Aviation on Monday announced it plans to acquire the passenger division of New York City-based helicopter and jet charter operator Blade Air Mobility.

The $125 million purchase nets Joby—which aims to launch a U.S. aerial ridesharing service in partnership with Delta Air Lines and Uber as soon as next year—a key launchpad for its operations.