SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Investing in Exponential Growth

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Paul H. Christiansen2/4/2020 11:36:41 AM
   of 961
 
Santa Cruz air taxi startup scores $590M funding from Toyota, others

Joby Aviation Inc. on Wednesday got a big boost in its plans to offer flying taxis with a $590 million funding round led by Toyota Motor Corp.

The deal makes Santa Cruz-based Joby the best-funded startup in the race to offer air taxis, though it isn't yet ready to start offering its service to the public.

Joby said it plans to operate its aircraft as a service, charging passengers per trip. It hasn't said how much rides will cost, instead projecting that over time it "should approach the cost of ground transportation."

Joby has now raised a total of $720 million. It said it will use the new funds to accelerate the certification and deployment of its five-seat aircraft. It is now testing protoypes and aims to launch its first commercial flights in 2023.

Read More – Silicon Valley Business Journal
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext