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jetblueventures.com

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Investments

28

Portfolio Exits

3

Partners & Customers

3

About JetBlue Technology Ventures

JetBlue Technology Ventures incubates, invests in, and partners with early stage startups at the intersection of technology, travel and hospitality.

JetBlue Technology Ventures Headquarter Location

999 Skyway Road Suite #350

San Carlos, California, 94070,

United States

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Expert Collections containing JetBlue Technology Ventures

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Find JetBlue Technology Ventures in 1 Expert Collection, including Fortune 500 Investor list.

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Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Research containing JetBlue Technology Ventures

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CB Insights Intelligence Analysts have mentioned JetBlue Technology Ventures in 1 CB Insights research brief, most recently on Oct 15, 2020.

Latest JetBlue Technology Ventures News

Electric air taxi start-up Joby Aviation begins trading on NYSE after SPAC merger

Aug 11, 2021

August 11, 2021 Joby is the latest aviation start-up to pursue a SPAC deal. Since commercial aviation contributes more than 2% to global carbon emissions, electric aircraft manufacturers aim to reduce the environmental impacts of flying. Shares of electric aircraft maker Joby Aviation rose more than 14% in the first day of trading on the New York Stock Exchange following the SPAC merger. Founded in 2009 by CEO Joben Bewart, the start-up wants to make air travel cleaner and quieter, and is offering an electric alternative to conventional planes or helicopters for short hops. The company aims to put its electric vertical-takeoff aircraft, known in the industry as eVTOL, into service in 2024. Joby Aviation went public by merging with a blank-check company called Reinvent Technology Partners, which is run by LinkedIn co-founder Reid Hoffman and Zynga founder Mark Pincus. While the shares were previously listed under the ticker RTP for Special Purpose Acquisition Company, Joby Aviation is now traded under the terms JOBI and JOBI WS. The SPAC deal will bring Joby more than $1 billion, which the company wants to use to gain Federal Aviation Administration certification, build electric aircraft, and roll out its air taxi service in the US. Bonnie Simi, a three-decade pilot and former chairman of the JetBlue venture arm, is Joby’s head of air operations and leading its efforts to win FAA certification of its planes. While the company’s primary revenue will come from operating air taxis, it is also figuring out how to generate and sell environmental regulatory credits to other aviation businesses that will need to offset their carbon emissions. According to the International Council on Clean Transportation, commercial aviation contributes more than 2% of global carbon emissions. Like Joby, other EVTOL competitors have attracted investment from American airlines as they scramble to reduce their emissions. For example, in February United Airlines joined other investors in backing Archer, and American Airlines announced it would invest in Vertical Aerospace, saying it had pre-orders for 1,000 EVTOL aircraft. American said it would be a launch customer with aircraft leasing firm Avalon. Virgin Atlantic had pre-order options. Both Germany’s EVTOL maker Lilium and Archer have also pursued SPAC deals. Unlike other manufacturers, Joby intends to operate its own air taxi service, setting up “skyports” and charging stations for its aircraft within and outside the US. Joby’s executive chairman Paul Cyrra told Businesshala that it may sound strange to be a manufacturer and operator of EVTOL, but Boeing was once owned by United. “It lets us tolerate the safety of the initial missions,” he said. “We have to choose the route, we have to choose the pilot, we have to choose the take-off and landing locations.” Prior to his SPAC deal with RTP, Joby had raised funds from investors including Uber, JetBlue Technology Ventures and early Tesla backers Toyota and Bailey Gifford. In the company’s early days, Bevirt funded Joby with some of its earnings from the invention of the GorillaPod, a flexible camera tripod for smartphones. In a press statement prior to the Jobi’s market debut, Reid Hoffman said that the Jobi “‘Tesla meets Uber in the air. '” TV

JetBlue Technology Ventures Investments

28 Investments

JetBlue Technology Ventures has made 28 investments. Their latest investment was in Transparent as part of their Seed VC on July 7, 2021.

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JetBlue Technology Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/2/2021

Seed VC

Transparent

$2.8M

Yes

Highgate Ventures, K Fund, and Kima Ventures

5

4/22/2021

Series A

Universal Hydrogen

$20.5M

Yes

Airbus Ventures, Coatue Management, Fortescue, Future Shape, Global Founders Capital, Playground Global, Plug Power, Sojitz, and Toyota Ventures

2

11/9/2020

Series A

i6

Yes

International Airlines Group, Royal Dutch Shell, and World Fuel Services

2

1/16/2020

Series C

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$99M

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10

10/22/2019

Unattributed VC

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$99M

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10

Date

7/2/2021

4/22/2021

11/9/2020

1/16/2020

10/22/2019

Round

Seed VC

Series A

Series A

Series C

Unattributed VC

Company

Transparent

Universal Hydrogen

i6

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Amount

$2.8M

$20.5M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Highgate Ventures, K Fund, and Kima Ventures

Airbus Ventures, Coatue Management, Fortescue, Future Shape, Global Founders Capital, Playground Global, Plug Power, Sojitz, and Toyota Ventures

International Airlines Group, Royal Dutch Shell, and World Fuel Services

Sources

5

2

2

10

10

JetBlue Technology Ventures Portfolio Exits

3 Portfolio Exits

JetBlue Technology Ventures has 3 portfolio exits. Their latest portfolio exit was Joby Aviation on August 11, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/11/2021

Reverse Merger

$991

12

00/00/0000

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10

00/00/0000

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$991

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10

Date

8/11/2021

00/00/0000

00/00/0000

Exit

Reverse Merger

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Companies

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Valuation

$991

$991

Acquirer

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Sources

12

10

10

JetBlue Technology Ventures Partners & Customers

3 Partners and customers

JetBlue Technology Ventures has 3 strategic partners and customers. JetBlue Technology Ventures recently partnered with Voyager on September 9, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

9/5/2019

Partner

Voyager

United States

Voyager HQ and JetBlue Technology Ventures Partner to Launch Travel...

Voyager HQ is partnering with JetBlue Technology Ventures to kick off the most recent chapter of its travel innovation .

1

7/11/2018

Partner

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10

5/3/2016

Partner

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10

Date

9/5/2019

7/11/2018

5/3/2016

Type

Partner

Partner

Partner

Business Partner

Voyager

Country

United States

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News Snippet

Voyager HQ and JetBlue Technology Ventures Partner to Launch Travel...

Voyager HQ is partnering with JetBlue Technology Ventures to kick off the most recent chapter of its travel innovation .

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Sources

1

10

10

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