Joby Aviation to buy Blade Air Mobility’s ride-share business
Joby is acquiring the Blade brand and its passenger business operations in the U.S. and Europe for up to $125 million.
MAIN POINTS
- Joby is purchasing the Blade brand.
- The acquisition includes Blade's passenger business.
- Operations in the U.S. and Europe are part of the deal.
- The transaction value could reach $125 million.
TAKEAWAYS
- Joby is expanding its business footprint with this acquisition.
- The deal enhances Joby's presence in the U.S. and European markets.
- Blade's passenger business is a strategic addition for Joby.
- The acquisition reflects Joby's investment in growth and market expansion.