Joby Aviation, Inc. (JOBY) saw a push of 6.04% in premarket following the announcement that JOBY and SKT will work together to launch emissions-free aerial ridesharing services. However, the last trading session closed at $3.81 with an increase of 4.96%.
JOBY and SKT Teams Up – Worth it?
JOBY announced on 6th February 2022 that it will work with SKT in order to launch emissions-free aerial ridesharing services all over South Korea. The partners plan to use SK’s T Map transportation platform, Korea’s largest mobility platform, and the UT ride-hailing service. This will help in providing clients with multi-modal itineraries that seamlessly combine ground and air travel.
So what?
JOBY hopes to expedite the progress towards the age of Urban Air Mobility and lead the way in delivering this exciting latest tech by partnering with SKT. Moreover, collaborating with prominent global companies is critical to secure dominance in future industries, which the company believes will be led by the expansion of UAM, autonomous driving, and robots.
Joby Aviation, Inc.: Flight Test Capacity – More About it
JOBY reported on 6th January 2022 that the company is working on enhancing the flight test capacity with the help of the FAA Certification Goal. The flight test program for 2021 provided the company with a plethora of information and experience to help them with their goal. Moreover, JOBY will be able to improve the speed of the learnings as planned, while still meeting the conditions of the Agility Prime contract, with two planes flying at the same time. Last but not the least, the company appreciates the US Air Force’s continuous connection and cooperation, as well as the FAA’s continued support for aviation innovation.
Acquisition of Radar Developer Inras GmbH
On 21st December 2021, JOBY announced that the company has successfully completed the acquisition of Radar Developer Inras GmbH. The company is excited to see how electric air taxi incorporates superior sensor technologies. In preparation for dimensioned operations, the established technology will enhance the aircraft’s onboard detection and navigation capabilities.
Since JOBY began working with Incas to design specialized radar systems for the aircraft, the team has been consistently impressed. Lastly, the company is thrilled to integrate more advanced detection accuracy in the future.
