Joby Aviation Acquires Blade Urban Air Mobility for $125M Expansion

Joby Aviation has entered into a definitive agreement to acquire Blade Air Mobility's urban air mobility passenger business for up to $125 million, excluding Blade's medical division which will continue independently as Strata Critical Medical but partner with Joby on medical transport. The acquisition grants Joby immediate access to Blade's established infrastructure and loyal customer base in key urban markets such as New York City, Southern Europe, and Dubai, positioning Joby to accelerate its launch of commercial electric vertical takeoff and landing (eVTOL) air taxi operations. By integrating its ElevateOS software with Blade's operations, Joby aims to enhance cost efficiency and passenger experience while transitioning customers from traditional helicopters to innovative electric aircraft. The deal is expected to reduce Joby's infrastructure investment needs and support its near-term commercialization efforts, as the company nears final federal certifications to begin passenger flights next year. Joby's CEO JoeBen Bevirt emphasized that this acquisition leverages Blade's decade of operational expertise and market presence to broaden the reach of clean, quiet urban air mobility. Analysts maintain a cautious outlook on Joby's stock, reflecting risks related to integration, performance milestones, and financial impacts despite the strategic growth potential.