Abdul Latif Jameel invests in Joby Aviation – ZAWYA

Abdul Latif Jameel invests in Joby Aviation – ZAWYA

Latest round of funding brings total capital investment in Joby Aviation to $720 million, making it the best-funded eVTOL start-up worldwide. Jeddah, Saudi Arabia: Jameel Investment Management Company (JIMCO), the investment arm of Abdul Latif Jameel , has announced its participation in a Series C round of funding for California-based start-up Joby Aviation, which raised an additional $590 million in capital.. Adding to new and prior investments by SPARX Group, Intel Capital, Capricorn Investment Group, JetBlue Technology Ventures, 8VC, Toyota AI Ventures, and AME Cloud Ventures, the latest investment round brings Joby Aviation's total funding to $720 million - making it the best-funded electric vertical take-off and landing (eVTOL) start-up globally.. A pioneer in the electric air taxi market, Joby Aviation is developing and certifying a piloted, all-electric, vertical take-off and landing aircraft.. Air taxi service is still in the early stages of commercialization, but one that has the potential to completely transform the future of mobility.. The contents of the press release was provided from an external third party provider..