Announced
Completed
Financials
Tags
Private Equity
Majority
Transportation Services
air taxi
United States
Single Bidder
Friendly
Domestic
Private
Acquisition
Merger
De-SPAC
Reverse Takeover
Completed
Synopsis
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.
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