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Electric air taxi developer Joby Aviation has agreed to buy Blade Air Mobility's helicopter ride-share business for as much as $125 million.
Joby Aviation will acquire helicopter rideshare company Blade Air Mobility's passenger business for up to $125 million, it said Monday, as it works to speed the deployment of electric air taxis for commercial passenger services.
Joby Aviation, which is developing electric aircraft, will acquire the passenger business of Blade, a New York helicopter operator, for $125 million.
NEW YORK, Aug. 04, 2025 (GLOBE NEWSWIRE) -- Blade Air Mobility, Inc. (Nasdaq: BLDE, “Blade” or the “Company”) today announced an agreement to sell Blade's passenger division to Joby Aviation, Inc. (NYSE: JOBY) for up to $125 million.
SANTA CRUZ, Calif. & NEW YORK--(BUSINESS WIRE)---- $JOBY--Joby announced it has entered into a definitive agreement with Blade Air Mobility to purchase Blade's leading urban air mobility passenger business.
The invention of the wheel and the domestication of horses revolutionized human transportation roughly 5,500 years ago. Sailing vessels were first used around the same time.
Defense firm L3Harris Technologies is working with air taxi maker Joby Aviation to develop a vertical take-off and landing aircraft for defense applications, the companies said on Friday.
Joby Aviation and defense manufacturing giant L3Harris announced a partnership Friday to develop a next-generation military craft. The partnership brings together Joby's hybrid vertical take-off and landing, or VTOL, aircraft and L3's expertise in military systems.
Joby Aviation is often cast as a developer of commercial electric air taxis, but the publicly traded company has also pursued a separate track to market through a long-standing relationship with the U.S. Department of Defense. Now, its years of research and development with the Department of Defense may be paying off.
SANTA CRUZ, Calif. & MELBOURNE, Fla.--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE: JOBY) and L3Harris Technologies (NYSE: LHX) today announced they are exploring opportunities to develop a new aircraft class for defense applications. The gas turbine hybrid vertical take-off and landing (VTOL) aircraft is designed for low-altitude missions and offers the versatility of being optionally piloted, enabling both crewed and fully autonomous operations. The collaboration leverages Joby's existing comme.