Joby Aviation has announced a plan to purchase the passenger business of Blade Air Mobility for up to $125 million. This acquisition is expected to facilitate the introduction of battery-powered flights in New York City. Joby's electric aircraft can carry four passengers and travel up to 100 miles on one charge. The acquisition provides Joby with access to Blade's established customer base and infrastructure, allowing it to expedite the transition from prototype to passenger-ready. FAA certification is anticipated by 2026, enabling commercial operations to scale up quickly.
Joby Aviation's acquisition of Blade's passenger business will provide access to existing customer bases and infrastructure, accelerating the launch of electric air taxi services in NYC.
Joby's electric aircraft, designed for urban travel, can transport four passengers up to 100 miles, making them ideal for quick transfers in congested areas.
The deal allows Joby to scale up commercial operations without building a passenger network from scratch, leveraging Blade's established terminals and routes.
With FAA certification anticipated by 2026, the acquisition positions Joby to transition from prototype to fully operational passenger services.
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