Atlanta-based Delta is also investing $60 million into Joby, and says it can increase its investment to up to $200 million into the company if the service reaches certain milestones. Delta will also have a say in the selection of a member on Joby’s board of directors.
Joby is part of an industry developing the concept known as urban air mobility, using electric aircraft that operate like helicopters to transport people within cities, avoiding highway and road traffic.
Joby is working to bring to market electric aircraft that would have one pilot and four riders, and can travel up to 150 miles at a top speed of 200 miles per hour.
The deal between Delta and Joby comes after United Airlines and American Airlines announced similar partnerships with eVTOL developers.
“This is a groundbreaking opportunity for Delta to deliver a time-saving, uniquely premium home-to-airport solution for customers in key markets we’ve been investing and innovating in for many years,” said Delta CEO Ed Bastian in a written statement.
Santa Cruz, California-based Joby has operated more than 1,000 test flights with its electric aircraft, and received certification as a Part 135 air carrier from the Federal Aviation Administration in May.