Joby, which Toyota is invested, is finally listed | DRONE

Joby Aviation, an EVTOL development company, was listed on the New York Stock Exchange in August.The flying taxi prototype was exhibited, and the ceremony was held extensively.JOBY has announced the completion of the merger with Reinvent Technology Partners the day before.JOBY founder and CEO Joeben Bevirt commented:

Joby has a history of provision and execution, and we intend to inherit its spirit and DNA and run it in public.

The listing this time is the first company among the EVTOL development companies that were listed by the merger with a special purpose acquisition company.The merger of ARCHER, LILIUM, and Vertical Aerospace, which is a collaborative company, has not yet been realized.

When JOBY announced a merger plan with RTP in February, the accuracy of SPAC was high, and most of the $ 690 million cash held by RTP was received with trust, and a $ 835 million PIPE (PRIVATE INVESTMENT IN PUBLIC EQUITY) was also expected.

With this transaction, Joby has left $ 1.6 billion and cash on a balance sheet as of March 31, and according to BEVIRT, sufficient funds to authenticate and commercialize five -seater air taxis.You can secure.

It is worth emphasizing how special the structure we have created.We have a team with a long -term perspective, and we have been consistent with long -term visions with management, existing investors, SPAC sponsors.We have set a series of milestones to run in the quarter and several years.And, as we have built the trust of existing investors, the trust of new investors will be built by continuously executing.

In the future, it is necessary to promote the achievement of the goals described in investors' materials, such as acquiring new aircraft authentication by 2024.