Venture
fromBusiness Insider
6 days agoYour next ride with Uber could be in the sky
Joby Aviation will launch electric air taxi services in Dubai through the Uber app by end of 2026, with plans for US expansion pending FAA certification.
To that end, Waabi has raised $1 billion, including $750 million in an oversubscribed Series C round led by Khosla Ventures and G2 Venture Partners, along with additional capital from Uber specifically tied to robotaxi development. As part of the agreement, Waabi plans to deploy a minimum of 25,000 robotaxis powered by its technology on Uber's platform. In an interview, Urtasun emphasized that the number of robotaxis is a floor rather than a ceiling.
( Joby AviationNYSE:JOBY) is the pioneering developer of electric vertical takeoff and landing (eVTOL) aircraft on the cusp of transforming urban air mobility forever. Founded in 2009, Joby has invested over a decade in crafting its flagship S4 eVTOL, a piloted vehicle capable of carrying four passengers at speeds up to 200 mph with a 100-mile range. This isn't just about faster travel - cutting commute times from hours to minutes -