{"id":85124,"date":"2021-02-24T16:39:42","date_gmt":"2021-02-24T16:39:42","guid":{"rendered":"https:\/\/www.alj.com\/?post_type=in-the-news&p=85124"},"modified":"2022-03-30T11:09:02","modified_gmt":"2022-03-30T11:09:02","slug":"joby-aviation-goes-public-in-merger-with-reinvent-technology-partners","status":"publish","type":"in-the-news","link":"https:\/\/alj.com\/en\/in-the-news\/joby-aviation-goes-public-in-merger-with-reinvent-technology-partners\/","title":{"rendered":"Joby Aviation goes public in merger with Reinvent Technology Partners"},"content":{"rendered":"

Forbes reports that California startup Joby Aviation<\/a>, one of the leaders in the race to field an electric air taxi, will go public through a reverse merger with Reinvent Technology Partners, a US$ 690 million, publicly listed blank check company controlled by LinkedIn cofounder Reid Hoffman and Zynga founder Mark Pincus, the companies announced Wednesday.<\/p>\n

The deal was designed with long restrictions on sales of the stock by key players, which could shelter Joby from some of the instability and short-term focus of Wall Street, with Hoffman and Pincus committing to play the type of multi-year mentoring role more often seen with venture-capital investors.<\/p>\n

Forbes reports that when Hoffman and Pincus launched Reinvent Technology Partners last year, they said they would take a different approach than the quick score tactics of many other special purpose acquisition vehicles, or SPACs, aiming for a long-term relationship with a merger partner that they described as \u201cventure capital at scale.\u201d\u00a0<\/p>\n

In\u00a0February 2020<\/a>, Jameel Investment Management Company<\/a> (JIMCO), the global investment arm of the Jameel Family, announced its participation in a Series C round of funding for Joby Aviation, which raised an additional US$ 620 million in capital.\u00a0\u00a0The investment is in line with Abdul Latif Jameel\u2019s strategy of making high-stakes investments in the future of mobility.\u00a0<\/p>\n

Photo credit: Ethan Pines, Forbes<\/span><\/p>\n","protected":false},"featured_media":85136,"template":"","tags":[],"acf":[],"yoast_head":"\nJoby Aviation goes public in merger | Abdul Latif Jameel\u00ae<\/title>\n<meta name=\"description\" content=\"Joby Aviation, one of the leaders in the race to field an electric air taxi, will go public through a reverse merger with Reinvent Technology Partners.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alj.com\/en\/in-the-news\/joby-aviation-goes-public-in-merger-with-reinvent-technology-partners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Joby Aviation goes public in merger | Abdul Latif Jameel\u00ae\" \/>\n<meta property=\"og:description\" content=\"Joby Aviation, one of the leaders in the race to field an electric air 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