Joby Aviation has agreed to purchase Blade Air Mobility's helicopter ride-share business for up to $125 million, gaining the Blade brand and passenger operations in the US and Europe. Blade founder Rob Wiesenthal will lead the business as a subsidiary of Joby, while Blade's medical division remains separate. The deal provides Joby access to twelve strategic terminals, including in major markets like New York City. Joby plans to integrate its air taxi software into Blade's existing passenger services and views this acquisition as crucial for its commercial expansion, particularly in Dubai.
Joby Aviation has agreed to buy Blade Air Mobility's helicopter ride-share business for as much as $125 million, providing instant access to a network of 12 terminals.
The transaction includes the Blade brand and passenger business but excludes Blade's medical division, allowing it to remain a separate company.
Blade, founded in 2014, has developed a digital network for booking private helicopter rides, gaining popularity among affluent customers for avoiding traffic.
Joby Aviation's acquisition is seen as a strategically important move to support its global rollout and launch of commercial operations in Dubai.
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