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Joby Aviation displays its electric plane in-flight

I became Joby Aviation, a company Electric flight Headquartered in Northern California, Future Mobility is the newest company to go public through a reverse merger with a special purpose acquisition company, or SPAC.

The company offered First shots To her electric plane in flight, The electric plane has 6 propellers and 5 seats, including the pilot.

Joby Aviation, which is backed by Toyota and recently acquired Uber’s flying taxi division, is merging with Reinvent, which is run by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus.

The new company, which will have a subsequent currency valuation of $ 6.6 billion, is listed on the New York Stock Exchange.

As part of the deal, Joby Aviation will receive $ 1.6 billion in cash, $ 690 million of which comes from Reinvent trust funds and $ 835 million from private investors.

Joby Aviation is the brainchild of inventor JoeBen Bevirt, who started the company in 2009 and operated it in relative obscurity.

And in 2018, Joby Aviation announced that it raised a surprising $ 100 million fund from a variety of investors, including venture capital arms of Intel, Toyota and JetBlue.

The money helped fund the development of the company’s prototype air taxi, which was conducting test flights at the company’s private airport in Northern California.

And unlike the dozens of other companies that are currently building eVTOL vertical take off and landing aircraft, Joby Aviation has kept a large portion of its project secret.

The video shows it takes off vertically, like a helicopter, and then switches to forward flight using tilted propellers.

The company says: It can reach a top speed of 200 miles per hour, and cover a distance of 150 miles on a single charge, which is 100 times quieter than conventional aircraft.

The company explains that it aims to expand the air taxi service by 2024, and expects That the cost of manufacturing each aircraft is $ 1.3 million, with the possibility of reducing this amount by half in the future.

It also expects each plane to generate $ 2.2 million in revenue, assuming each plane operating 4,500 hours per year with an average of 2.3 passengers per flight.

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