Joby Aviation and Uber Deepen Partnership to Integrate Air Taxi Service
Joby Aviation and Uber have announced an expanded partnership that will integrate Joby's future aerial ridesharing service directly into the Uber app. This move builds upon Joby's acquisition of Uber Elevate in 2020 and provides the aviation company with access to Uber's extensive customer base upon commercial launch. The agreement covers a mutually exclusive but non-binding partnership for operations in the US. As part of the deal, Uber has also increased its financial investment in Joby. The announcement has generated positive momentum for both companies' stocks as they position themselves to lead the emerging Urban Air Mobility market.
Official Source: https://www.nasdaq.com/articles/are-uber-and-joby-aviation-stocks-about-take-based-their-recent-announcement