Joby launches $300M public offering ahead of 2025 commercial eVTOL release

Quick Summary:

Electric vertical takeoff and landing vehicle startup Joby Aviation has launched a public offering to sell up to $300 million of its shares of common stock, per a regulatory filing.

Joby in October initially offered $200 million, but an amendment to the prospectus has increased the offering by $100 million.

The startup also has a $131 million contract with the Department of Defense.

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Article Details

Author / Journalist: Rebecca Bellan

Category: StartupsBusiness

Markets: United States

Topics: EVTOL Transportation Startups Joby Joby Aviation

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 21:39:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 347 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24338610

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Official Website: techcrunch.com

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