Joby Aviation, Inc. (NYSE:JOBY) is a California-headquartered transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service beginning in 2024. The aircraft, which has a maximum range of 150 miles (241 kilometers) on a single charge, can transport a pilot and four passengers at speeds of up to 200 mph (321 km/h). It is designed to help reduce urban congestion and accelerate the shift to sustainable modes of transit.
Our ThesisUrban Air Mobility (UAM) is a nascent but rapidly growing sector driven by innovations in electric propulsion, autonomous vehicles, and the ride-sharing economy. Intel’s efforts in autonomous technologies, network connectivity, and edge computing complement the electric VTOL and UAM areas. Since our investment in 2018, Intel has provided strategic guidance to Joby on their technology stack (autonomous, connectivity), regulatory policy, and made introductions to strategic partners.
Investment LeadSrini Ananth
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