This website uses cookies
More information
Site Filter — Worldwide / All Aircraft
Joby to list on NYSE with a lift from RTP
By taking Joby public, the company has the opportunity to drive a renaissance in aviation, making emissions-free flight a part of everyday life. According to the company's founder JoeBen Bevirt, it's a moonshot moment.

Joby Aviation, a California-based company developing all-electric aircraft for aerial ridesharing, has announced that Joby Aero has completed its previously announced business combination with Reinvent Technology Partners, a special purpose acquisition company that takes a ‘venture capital at scale’ approach to partnering with leaders and companies. Upon the completion of the transaction, RTP has changed its name to Joby Aviation, Inc. Joby's common stock and warrants will commence trading on the NYSE under the ticker symbols JOBY and JOBY WS, respectively.

“Aviation connects the world in critically important ways but today it does that at the expense of our planet,” says JoeBen Bevirt, founder and CEO at Joby. “By taking Joby public we have the opportunity to drive a renaissance in aviation, making emissions-free flight a part of everyday life. This is our generation's moonshot moment, and at Joby we're proud to be leaning in.”

Reid Hoffman, LinkedIn co-founder and co-lead director of RTP, adds: “With its advanced technology, we believe Joby is 'Tesla meets Uber in the air' and the clear leader in the eVTOL and aerial ridesharing space. We believe Joby is well-positioned with capital to be the first company to certification and commercialisation. Closing this business combination accelerates Joby's roadmap, and we look forward to supporting JoeBen and Joby's world-class team in executing on their vision.”

This transaction values Joby at $4.5 billion enterprise value, with proceeds raised plus cash on the balance sheet as of March 31, 2021 equaling approximately $1.6 billion. The proceeds are expected to fund Joby through initial commercial operations.

Other News
NASA and Joby work together to assess eVTOL noise
September 4, 2021
The number of blades and tip speeds were all selected to minimise the acoustic footprint, helping it blend into existing background noise. Joby aims to see the eVTOL begin work as a commercial air taxi in 2024.
Overair ready to emerge as Butterfly from design cocoon
August 20, 2021
Butterfly's capability stems from its propulsion system, known as Optimum Speed Propulsion (OSP). The aircraft's four large propellers spin slowly in hover and even slower cruise, resulting in aerodynamic advantages.
Joby takes decisive steps towards Part 135 certification
August 9, 2021
The process to achieve Part 135 for Joby is led by head of air operations Bonny Simi, an aviation executive who held key operational and strategic positions at JetBlue Airways as it underwent a period of rapid growth.