Company Hopes To Make Electric Vertical Take-off And Landing Transportation A Reality
Joby Aviation has secured $100M in Series B financing to take its all-electric vertical take-off and landing (eVTOL) passenger aircraft into pre-production and certification. The financing was led by Intel Capital, and includes strategic investors Singapore-based EDBI, JetBlue Technology Ventures, and Toyota AI Ventures. Also participating are new investors Allen & Company, AME Cloud Ventures, and Ron Conway, as well as existing investors Capricorn Investment Group, 8VC, Sky Dayton and Paul Sciarra.