Joby Aviation founder JoeBen Bevirt spent more than a decade developing an all-electric vertical take-off and landing passenger plane – an effort that was largely shrouded in secrecy until January 2020, when the company announced a $ 590 million Series C funding that was led by Toyota Motor Corporation (this round then grew to $ 620 million).
The buzzing announcements continued with Joby’s acquisition of Uber Elevate, then culminated in February with its offer to become a publicly traded company through a merger with Reinvent Technology Partners, an acquisition company at Special vocation of well-known investor and co-founder of LinkedIn Reid Hoffman and Mark Pincus, founder of Zynga.
Joby is just getting started. The company plans to use the capital generated through its public listing to fund the launch of passenger service, which is expected to begin in 2024. And Joby has yet to complete certification of its aircraft and develop manufacturing facilities, but it is already on the pipeline. right way. both. The company also plans to begin construction of a 450,000 square foot manufacturing plant, designed in collaboration with Toyota, later this year.
The result: Bevirt has a lot to share. That’s why we’re thrilled to announce that Bevirt and Hoffman will be joining us on our virtual stage at TC Sessions: Mobility 2021. The virtual event, which features the best and brightest minds in the world of mobility , will take place on June 9. Bevirt and Hoffman will discuss building a startup – and keeping it a secret while raising funds – the future of theft and, of course, PSPCs.
The pair will join other speakers TechCrunch has announced, a list that so far includes investors Clara brenner the Urban Innovation Fund, Quin Garcia from Autotech Ventures and Rachel Holt of Construct Capital, as well as co-founder and CEO / CTO of Starship Technologies Ahti Heinla. Stay tuned for more announcements in the weeks leading up to the event.
“We approach it (PSPC) as large-scale venture capital,” Hoffman told TechCrunch in an interview in February. So it’s not a “this year” thing, it’s three years, five years, ten years. “
And yes, Hoffman thinks PSPC is here to stay. Although we do plan to check its position in June. “I think it’s valuable for the market and for society to have multiple and different avenues through which companies can go public,” Hoffman said.
Early Bird tickets for the show are now available – book today and save $ 100 before prices go up.
As for Bevirt, the decision to go public marks Joby’s desire to be more open with the rest of the world.
“We think it’s a really exciting time, where we’re about to really redefine mobility,” Bevirt said in a previous interview. “And we really want to take the world on our exciting journey. Previously only a very exclusive group of investors had access to be a part of our journey, and it’s really exciting for us to be able to share that more widely.
We can’t wait to hear from Bevirt and Hoffman at TC Sessions: Mobility on June 9th. Make sure you grab your Early Bird Pass before May 6 to save $ 100 on tickets and have fun!