California-based aerospace company Joby Aviation has announced that it will be acquiring Uber aerial ridesharing unit Elevate as part of “an expanded partnership between the two parent companies.” Uber has also agreed to invest an additional $75 million in Joby, which is developing an all-electric, vertical take-off and landing (eVTOL) passenger aircraft, as part of […]
Joby Aviation announced that it has raised $590 million in its recent round of Series C funding and formed a partnership with the Toyota Motor Corporation aimed at the certification and deployment of all-electric vertical takeoff and landing aircraft (eVTOLs) for use in air taxi services. As part of the partnership, Toyota Executive Vice President […]
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