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Joby Aviation Goes Public

Joby plans to launch its all-electric aircraft in 2024. Joby Aviation
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Key Takeaways:

  • Joby Aviation has become the first U.S.-based eVTOL company to go public, listing on the NYSE after a $6.6 billion reverse merger with Reinvent Technology Partners.
  • The company aims to launch an emissions-free air taxi ridesharing service by 2024, utilizing aircraft that can transport a pilot and four passengers up to 200 mph with a 150-mile range.
  • Joby recently achieved a significant milestone by completing a 150-sm flight on a single charge and has strategic partnerships with companies like Toyota and Uber.
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Air taxi startup Joby Aviation has officially become the first U.S.-based eVTOL company to be publicly traded.

Founder and CEO JoeBen Bevirt was at the New York Stock Exchange on Wednesday to ring the bell, signaling a start of the day’s trading and the company’s launch into the stock market.

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