The Intel Capital, JetBlue Technology Ventures, Toyota AI Ventures and Uber-backed flying car developer is set to list on the NYSE.

Joby Aviation, a US-based air taxi developer backed by corporates Intel, JetBlue, Toyota and Uber, agreed a reverse merger yesterday with special purpose acquisition company Reinvent Technology Partners.

Baupost Group, funds and accounts managed by BlackRock, Fidelity and Baillie Gifford have anchored a $835m private investment in public equity, while Uber will convert $75m of bonds into equity.

Combined with $690m held in trust by Reinvent, Joby Aviation will receive $1.6bn in gross proceeds and the combined business is expected…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
Email LinkedIn