Uber and Joby Aviation Launch Electric Air Taxi Partnership, Highlighting Key Investor Insights
Joby Aviation and Uber have announced a significant partnership to launch an all-electric aerial ridesharing service. As part of the deal, Joby will acquire Uber Elevate, Uber's aerial mobility division. Uber has also agreed to invest an additional $75 million in Joby, building on a previous investment. The companies plan to integrate their respective services into each other's apps, creating a seamless interface for ground and air travel. This collaboration is a major step toward making clean, quiet, and affordable urban air taxi services a commercial reality in the coming years.
Official Source: https://www.nasdaq.com/articles/uber-and-joby-aviation-just-announced-all-electric-air-taxi-venture-5-things-investors