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A flying taxi service could be here in 2024 on February 25, 2021, 10:05 11 comments Forward-looking: California-based Joby Aviation, which has been working on an all-electric vertical takeoff and landing aircraft (eVTOL) for an air taxi service, has released the first footage of the vehicle in flight, and it looks pretty impressive. Joby has been working on its eVTOL for over ten years and has performed over 1,000 test flights, but this is the first time it's been shown off publicly, writes New Atlas. The five-seat aircraft—one pilot and four passengers...

A blank-check company formed by LinkedIn Corp. founder Reid Hoffman and Zynga Inc. founder Mark Pincus agreed to merge with Joby Aviation as a means to take the air-taxi startup public.

Joby Aviation, a Silicon Valley-headquartered air taxi company, will merge with Reinvent Technology Partners with the eventual goal of taking the startup public as it shows off its five-seat aircraft in flight and introduces a new chief financial officer.

SPACs Give Life to Air Taxis Posted on 02/24/2021 What could go wrong with zero-revenue air taxi companies? Founded in 2009, Joby Aviation is a California headquartered transportation company developing an all-electric vertical takeoff and landing aircraft which it intends to operate as a fast, quiet, and affordable air taxi service beginning in 2024. Joby Aviation intends to operate as a commercial passenger aircraft beginning in 2024. Joby Aviation has entered into a definitive business combination agreement with Reinvent Technology Partners (NYSE:RTP), a special purpose acquisition company...

The company has a lot of big-name backers, including Toyota and Uber.