In a major deal that reshapes the electric vertical takeoff and landing urban air mobility segment, Santa Cruz, California-based Joby Aviation has received a second, $75 million investment from ride-sharing giant Uber Technologies. As part of the deal, Joby acquires Uber Elevate, Uber’s eVTOL-based intraurban transportation business venture. According to a Joby press release, there will be an “expanded partnership between the two parent companies.”
Source: aopaJoby acquires Uber Elevate