Joby Acquires Blade's Heli Ride-Share Business for $125M

Joby Aviation, a leading developer of electric vertical takeoff and landing (eVTOL) aircraft, has announced its plan to acquire the helicopter ride-share business of Blade Air Mobility for $125 million. The deal, which signals a significant move in the evolving urban air mobility sector, was discussed by Joby CEO JoeBen Bevirt.

Joby Aviation is at the forefront of designing and manufacturing eVTOL aircraft, often referred to as air taxis, with the aim of revolutionizing short-distance urban and regional travel through quiet, emissions-free aerial services. The company has been actively pursuing certification for its aircraft, positioning itself for future commercial operations.

Blade Air Mobility, on the other hand, has established itself as a prominent operator in the existing urban air mobility market. The company provides on-demand air transportation services, primarily utilizing helicopters and jets for short-haul travel, connecting city centers with airports and popular destinations.

This acquisition could provide Joby with an immediate operational footprint and an established customer base in the on-demand air mobility space. By integrating Blade's existing helicopter ride-share operations, Joby may gain valuable insights into managing air taxi services, customer logistics, and air traffic management – all crucial elements for the eventual deployment of its eVTOL aircraft. The move could represent a strategic step for Joby to bridge the gap between current air mobility solutions and the future of electric aviation, potentially accelerating its path to market once its eVTOLs are certified and ready for commercial use. The $125 million transaction underscores the increasing consolidation and strategic maneuvering within the nascent urban air mobility industry as companies vie for market position ahead of large-scale eVTOL deployment.