Delta Airlines will invest up to $200 million in Joby Aviation to create a home-to-airport air taxi service

Delta Airlines will invest $60 million in Joby Aviation, a leading electric air taxi startup, to create a “home-to-airport” service using the startup’s five-seat electric vertical takeoff and landing (eVTOL) aircraft, the companies announced Tuesday. Delta said its investment in Joby could go as high as $200 million if the company hits certain milestones.

The service, which will launch first in New York City and Los Angeles with other cities to follow, will be “mutually exclusive” across the US and UK for five years, with the option to extend that exclusivity for longer, the companies said. The home-to-airport service will exist in parallel to Joby’s currently nonexistent airport service, transporting passengers from cities to airports.

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