Delta has made an upfront equity investment of $60 million in Joby with the opportunity to expand that to $200 million as the companies work towardslaunching the service.
are designed to transport a pilot and four passengers up to 150 miles on a single charge at speeds of up to 200 mph.
Joby CEO JoeBen Bevirt told reporters on Monday that the aircraft will take off from a network of so-called vertiports that will be built in neighborhoods. Bevirt estimates that a hypothetical trip to John F. Kennedy International Airport could be cut from an hour or more to less than 10 minutes by air. Joby's eVTOL aircraft are designed to transport a pilot and four passengers up to 150 miles on a single charge at speeds of up to 200 miles per hour.
In May, Joby was granted a Part 135 air carrier certification by the Federal Aviation Administration, one of three approvals required to operate as an air taxi service in cities and communities across the U.S. The company must also receive a type certification on its aircraft and production certification on its production facilities.
Joby reported a net loss of $46.6 million during the second quarter of 2022, including total operating expenses of $99.4 million, reflecting continued progress in certifying its aircraft and early manufacturing operations. As of the end of the second quarter, the company had $1.2 billion in cash and short-term investments to support operations. in Embraer-backed startup Eve Air Mobility. The carrier agreed to buy 200 four-seat electric aircraft with options for 200 more.
In August, United placed a $10 million deposit for 100 eVTOL aircraft from Archer Aviation. Last year, the company
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