[ExI] Joby Aviation makes its public trading debut on the NYSE

John Grigg possiblepaths2050 at gmail.com
Sun Aug 15 19:05:43 UTC 2021

"Joby is developing a five-seat electric vertical take-off and landing
aircraft, which it unveiled to much anticipation in February. The company,
which has backing from Toyota and JetBlue, has released a slew of
announcements in recent months as it geared up for the public listing.

“A lot of people talk about us as a secretive company,” Bevirt said in an
interview with TechCrunch. “We’re not actually a secretive company, we just
choose to do the work and then show our work, rather than talking about it
and then doing it.”

"One way to frame the fate of air taxis is whether they will be more like
autonomous vehicles or electric vehicles. The AV space circa five years ago
was filled with companies setting ambitious expectations about when true
self-driving cars would be on the roads, only to have multiple companies
collapse or sell under the weight of overshot expectations.

But Sciarra suggested that a better analogy to the eVTOL industry as it
currently stands is the early days of electric vehicles. He pointed out
that Joby’s aircraft is designed to conform to existing safety and
certification standards, with a trained pilot onboard, similar to how
helicopters and planes operate today. “We didn’t want to compound the
technical risk of developing a new aircraft with the technical and
regulatory risk of developing full autonomy from day one.”

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