An early Joby Aviation backer might soon be its biggest distributor in Saudi Arabia | TechCrunch

Image for article An early Joby Aviation backer might soon be its biggest distributor in Saudi Arabia | TechCrunch
News Source : TechCrunch

News Summary

  • Joby Aviation has reached a tentative deal with Saudi Arabian conglomerate Abdul Latif Jameel (ALJ) The two companies on Tuesday signed a memorandum of understanding (MoU) to explore a distribution agreement
  • If finalized, the partnership could provide Joby with a fast path to monetizing its electric vertical takeoff and landing vehicles in Saudi Arabia
Joby Aviation has reached a tentative deal with investor and Saudi Arabian conglomerate Abdul Latif Jameel (ALJ) to distribute up to 200 electric aircraft valued at about $1 billion over the coming y [+3221 chars]

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