Joby Aviation's all-electric, vertical take-off and landing (eVTOL) aircraft get an investment boost from Delta Air Lines. Delta to make an upfront equity investment of $60 million in Joby, with a total investment of up to $200 million possible as further milestones are achieved. The Initial launch, anticipated to be the first eVTOL service to market, will target New York and Los Angeles, building on years of Delta investments in those cities.
Delta news release:Â
Joby Aviation website:Â
Top image: Joby Aviation Founder and CEO JoeBen Bevirt and Delta Airlines CEO Ed Bastian; courtesy of Joby Aviation