Latest Sky Dayton News
Feb 1, 2018
News Brief: California-based Joby Aviation says it has secured $100 million in Series B financing to take its all-electric, vertical-takeoff-and-landing passenger aircraft into pre-production and regulatory certification. Intel Capital led the investment round, which also includes Singapore-based EDBI, JetBlue Technology Ventures, Toyota AI Ventures, Allen & Company AME Cloud Ventures, Ron Conway, Capricorn Investment Group, 8VC, Sky Dayton and Paul Sciarra. Joby also revealed a previously unsecured Series A round, led by Capricorn in 2016, which brings total funding to $130 million. Founded by JoeBen Bevirt, Joby is working to build a five-seat air taxi that will be 100 times quieter than conventional aircraft during takeoff and landing, and fly 150 miles on a charge. It’s worth noting that JetBlue is also an investor, along with Boeing HorizonX, in a Kirkland, Wash.-based electric-aviation venture called Zunum Aero . For more on Joby Aviation’s plans, check out today’s Bloomberg News feature story .