UBER - Joby Aviation May Launch Flying Taxis By 2025 - What's Going On? | Benzinga
Joby Aviation, Inc. (NYSE:JOBY) shares are trading lower in the premarket session on Tuesday.
The company is reportedly envisioning a futuristic commute – flying above traffic from downtown Manhattan to JFK Airport in under seven minutes, rivaling Uber Technologies, Inc.’s (NYSE:UBER) cost.
With $400 million support from Toyota Motor Corporation (NYSE:TM) and $60 million from Delta Air Lines, Inc. (NYSE:DAL), Joby aims to lead in launching air taxis, or eVTOLs, to market, Yahoo Finance reported.
“This is as close as we’ve seen, I think, in terms of the technology coming together to make something that you could use on a daily ...