Joby Aviation to List on NYSE Through Merger With Reinvent Technology Partners

Joby Aviation has spent more than a decade developing piloted, all-electric, vertical takeoff and landing passenger aircraft, with over 1,000 test flights conducted to date. Intends to operate clean, quiet and affordable air taxi service starting in 2024. First company to agree certification basis for an eVTOL aircraft with FAA. First company to be granted airworthiness approval for an eVTOL aircraft by U.S. Air Force. Joby has strategic partnership with Toyota for production and recently acquired Uber ElevateTransaction values combined company at $6.6 billion post-money equity value, and is expected to provide approximately $1.6 billion in gross proceeds

Full press release:

firt flying video of Joby eVTOL:

CEO and Founder, JoeBen Bevirt introduced the company vision. Note the takeoff noise at the end of the video: