" ( 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 -"
"Following Joby's August acquisition of Blade Air Mobility's passenger business for up to $125 million, the companies announced plans to integrate Blade's established helicopter and seaplane services into the Uber app as early as 2026. This move builds on their collaboration since 2019, when Joby acquired Uber's Elevate division, and allows Uber users to book seamless aerial trips - starting with Blade's proven network in high-demand areas like New York and Southern Europe -"
Joby Aviation developed the S4 eVTOL, a piloted four-passenger aircraft capable of speeds up to 200 mph and a 100-mile range, aimed at cutting commute times and lowering noise and carbon emissions in megacities. Joby strengthened ties with Uber and acquired Blade Air Mobility's passenger business to integrate helicopter and seaplane services into the Uber app by 2026, leveraging Blade's existing network and revenue while eVTOL commercialization scales. JOBY stock fell 36% from its August peak, creating a lower entry point despite intact fundamentals and a projected $1 trillion urban air mobility market by 2040.
Read at 24/7 Wall St.
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