{"id":11189,"date":"2021-02-24T16:39:42","date_gmt":"2021-02-24T16:39:42","guid":{"rendered":"https:\/\/cms.alj3.clients.lemonhq.io\/in-the-news\/joby-aviation-goes-public-in-merger-with-reinvent-technology-partners\/"},"modified":"2025-12-09T07:22:41","modified_gmt":"2025-12-09T07:22:41","slug":"joby-aviation-goes-public-in-merger-with-reinvent-technology-partners","status":"publish","type":"inthenews","link":"https:\/\/cms.alj3.clients.lemonhq.io\/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":"\n

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\n\n\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\n\n\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 <\/p>\n\n\n\n

In February 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.  The investment is in line with Abdul Latif Jameel\u2019s strategy of making high-stakes investments in the future of mobility. <\/p>\n\n\n\n

Photo credit: Ethan Pines, Forbes<\/span><\/p>\n","protected":false},"featured_media":11191,"menu_order":0,"template":"","class_list":["post-11189","inthenews","type-inthenews","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nJoby Aviation goes public in merger with Reinvent Technology Partners - Abdul Latif Jameel<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\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 with Reinvent Technology Partners - Abdul Latif Jameel\" \/>\n<meta property=\"og:description\" content=\"Forbes reports that California startup 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, a US$ 690 million, publicly listed blank check company controlled by LinkedIn cofounder Reid Hoffman and Zynga founder Mark Pincus, the companies announced Wednesday. 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