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“We’re feeling really good about the progress,” he said. JoeBen Bevirt, the founder and chief executive officer of Joby, expressed his characteristic optimism in a video interview from his home near Joby’s headquarters in the Santa Cruz, California, mountains surrounded by redwood trees. To succeed in bringing science-fiction to life, they need to mass-produce the machines, surmount regulatory hurdles and make the business model work.
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by seeking to leverage breakthroughs in battery technology to create a more environmentally friendly form of urban transportation free from earthbound traffic. They’re going up against Airbus SE, Boeing Co.
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Joby is the biggest among a group of upstarts, which also includes Volocopter GmbH and Beta Technologies Inc. A merger this week with a special purpose acquisition company leaves Joby with more than double that amount on its balance sheet. on its plan to build a new kind of passenger drone and has raised more than $700 million in private capital. Since its founding in 2009, Joby has sold the likes of Uber Technologies Inc. The shares surged more than 12% during the first hour of trading. (Bloomberg) - Joby Aviation, which promises to build and operate a commercial fleet of aerial taxis by 2024, began trading Wednesday, testing the imaginations of public investors.