Electric vertical takeoff and landing vehicle startup Joby Aviation launches a $200 million public offering to fund certification and manufacturing efforts.
Joby plans to launch air taxis for urban transportation next year in New York City, Los Angeles, Dubai, and Abu Dhabi.
The public offering comes as the Federal Aviation Administration clears the way for eVTOLs to share U.S. airspace with helicopters and airplanes.
Joby has raised $2.6 billion to date, including a $500 million investment from existing investor Toyota.