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galvanizing vertical parody and landing fomite startupJoby Aviationhas launched a public offer to trade up to $ 300 million of its contribution of common broth , per a regulatoryfiling .
on an individual basis , Joby raised$222 millionin October from underwriters . This latest filing adds to that oblation and would give Joby the chance to raise a total of $ 522 million as it gears up to set up commercially in 2025 .
Joby said it will practice the yield from the raise — together with its existing hard currency — to fund its credential and fabrication campaign and for general workings Das Kapital .
Joby plans to set up zephyr taxis for urban transferral next year in New York City and Los Angeles alongside partnersDelta Air Linesand Uber , as well as in Dubai and Abu Dhabi . The startup also has a$131 million contract with the Department of Defense .
Before Joby can set up , it will need to discharge its type corroboration mental process to assure the design of its aircraft meets required safety and airworthiness standards .
The public offering comes as the Federal Aviation Administration this weekcleared the wayfor eVTOLs to share U.S. air space with helicopters and plane , and set up rule of thumb for eVTOL buffer training and operating rules . It also follow a$500 million injectionfrom Joby ’s existing investor Toyota earlier this month .
Joby has raised $ 2.6 billion to date , according toPitchBook data .
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A voice from Joby told TechCrunch the troupe could not notice on the raise .
This clause has been updated to contemplate Joby ’s current contract amount with the DoDand the total amount Joby hopes to bring up from its offering .
Correction : The $ 300 million public offer is not an amendment to the October filing . It is a disjoined offering .
