Joby Aviation has raised $100m in an Intel Capital-led series B round that included JetBlue Technology Ventures, indicating the rise in air-based corporate venturing.
Intel Capital, the corporate venture capital unit owned by semiconductor technology provider Intel, has led a $100m series B round for US-based aviation vehicle developer Joby Aviation, showing the advance of aviation technologies.
JetBlue Technology Ventures and Toyota AI Ventures, the respective corporate venturing subsidiaries of airline JetBlue Airways and automotive manufacturer Toyota, also participated.
The round’s investors were filled out by the Singaporean government-owned EDBI, Allen & Company, AME Cloud Ventures, Capricorn Investment Group, 8VC and angel investors Ron Conway, Sky Dayton and Paul Sciarra. It was disclosed alongside a $30m series A round that was led by Capricorn in 2016.
Founded in 2009, Joby is developing an electrically-powered vertical take-off and landing (eVTOL) aircraft intended to form the basis of a five-seater taxi service. It is being designed to be much quicker than traditional rotorcraft such as helicopters, and to be able to fly up to 150 miles…
