Press Release

Issued by Joby Aviation, Inc..

December 20, 2019

Joby Aviation and Uber have signed a multi-year commercial partnership to launch a fast, reliable, clean and affordable urban air taxi service in select markets. Joby Aviation will supply and operate the electric air taxis, and Uber will provide airspace support services, skyport infrastructure, connections to ground transportation and customer interfaces through an aerial rideshare network. With this agreement, Joby Aviation becomes the first partner in Uber's Elevate initiative with a committed timetable to deploy air taxi services by 2023.

Joby Aviation expects to be among the first air taxi developers to commercialise all-electric vertical take-off and landing vehicles (eVTOLs) for passenger use. Joby Aviation's best-in-class technology, financial backing and strategic relationships make the California based aerospace company well positioned to compete in the emerging electric air taxi industry. Compared to conventional aircraft, these new all-electric vehicles are intended to be dramatically quieter, safer, more affordable, and more environmentally-friendly.

As part of its broader Elevate aviation initiative, Uber is developing Uber Air to enable short distance urban flights, connected by multi-modal ground transportation services via the Uber platform in numerous cities worldwide. As part of this initiative, fleets of small, piloted electric aircraft will provide four-person ridesharing flights in densely populated urban areas.

JoeBen Bevirt, Joby Aviation's CEO said: “We're excited to partner with Uber. By bringing our next-generation aircraft and urban flight operations to Uber's on-demand ground mobility network, we aim to get people to their destinations five-times faster than driving, reduce urban congestion and accelerate the shift to sustainable modes of transit.”

Eric Allison, head of Elevate said: “Every day we are getting closer to a future of transportation where people can push a button and get an affordable flight. Joby is a real technology leader whose vehicles aim to be designed to enable a safe, quiet, and affordable service for Uber Air riders. With this partnership, we are excited to take the next step in bringing our on-demand aerial ridesharing service to life.”