JTV-backed Joby Aviation went public via a SPAC merger with Reinvent Technology Partners in a $6.6bn deal.

JTV-backed Joby Aviation, an electric air taxi startup, went public via a SPAC merger with Reinvent Technology Partners, a blank cheque company, in a $6.6bn deal. The transaction includes $910m of fully committed funding anchored by strategic partners and institutional investors including Uber Technologies, The Baupost Group, funds and accounts managed by BlackRock, Fidelity Management & Research and Baillie Gifford. “Aviation connects the world in critically important ways but today it does that at the expense of our plane. By taking Joby public we have the opportunity to drive a renaissance in aviation, making emissions-free flight a part of everyday life. This is our generation’s moonshot moment, and at Joby we’re proud to be leaning in," JoeBen Bevirt, Joby Founder and CEO.