Joby Aviation, valued at $13.5 billion, is acquiring Blade for $125 million to enhance urban air mobility. Known for its electric vertical takeoff and landing (eVTOL) aircraft, Joby previously purchased Uber's air taxi arm, Elevate, in 2020. This acquisition strategy targets integrating Blade's user base into Joby's services, as electric aircraft offer quieter alternatives to helicopters. The move aims to strengthen Joby's position in the competitive air taxi market, particularly as both companies seek to provide efficient transportation while developing new technologies.
Joby Aviation is leading the eVTOL taxi industry with a robust $13.5-billion market cap and a strategic acquisition of Blade to enhance urban air mobility.
With a focus on electric vertical takeoff and landing aircraft, Joby aims to replace traditional helicopters, enhancing transportation services while integrating Blade's users.
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