The Atlanta-based airline announced that it has taken a 2% stake in Joby Aviation, and could invest up to another $140 million as the manufacturer hits key milestones.
Delta Air Lines says it has invested $60 million in a startup that hopes to build electric helicopter-like air taxis to ferry passengers to the airport., and could invest up to another $140 million as the manufacturer hits key milestones.
Santa Cruz-based Joby is among several companies working on electric-powered aircraft that take off and land vertically, like helicopters. The company has said that it expects to begin flying in 2024. Current designs for electric air taxis are too small to use for airline flights — the weight of batteries is among the huge obstacles facing manufacturers. But airlines believe the machines could be attractive as a time-saving ride to and from airports in big, traffic-clogged cities. Delta hopes to use the Joby aircraft first in New York and Los Angeles.
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Delta invests in air taxi startup Joby to enable home-to-airport flights | EngadgetDelta has invested in air taxi pioneer Joby to offer short-hop flights from home to the airport..
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Delta says it's investing $60 million in air taxi developerDelta Air Lines says it has invested $60 million in a startup that hopes to build electric helicopter-like air taxis to ferry passengers to the airport. Delta announced Tuesday that it has taken a 2% stake in Joby Aviation, and could invest up to another $140 million as the manufacturer hits key milestones. Current designs for electric air taxis are too small to use for airline flights — the weight of batteries is among the huge obstacles facing manufacturers.
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Delta, electric air taxi company Joby Aviation team up on home-to-airport serviceDelta 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.
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Delta Buys Into Electric Air Taxi Maker Joby With Aim To Speed Travel To AirportsTo travelers frustrated by getting stuck in traffic driving to the airport, Delta and Joby are offering a tantalizing vision: how about flying directly from downtown to the Delta terminal in 10 minutes via an electric air taxi? Delta is investing $60 million in Joby to help make that happen.
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Delta Buys Into Electric Air Taxi Maker Joby With Aim To Speed Travel To AirportsTo travelers frustrated by getting stuck in traffic driving to the airport, Delta and Joby are offering a tantalizing vision: how about flying directly from downtown to the Delta terminal in 10 minutes via an electric air taxi? Delta is investing $60 million in Joby to help make that happen.
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