Joby Aviation Partners with Saudi Conglomerate to Distribute $1B eVTOL Fleet
Joby Aviation teams up with Saudi's Abdul Latif Jameel to distribute 200 electric aircraft, accelerating eVTOL market entry in Saudi Arabia.
Matilda
Joby Aviation Partners with Saudi Conglomerate to Distribute $1B eVTOL Fleet How Joby Aviation Plans to Distribute $1 Billion Worth of Electric Aircraft in Saudi Arabia Looking for how Joby Aviation will expand its electric vertical takeoff and landing (eVTOL) aircraft sales in the Middle East? Joby Aviation, a leading eVTOL startup, is poised to enter the Saudi Arabian market through a potential distribution deal with Abdul Latif Jameel (ALJ), a major Saudi conglomerate. This agreement could see up to 200 of Joby’s electric aircraft, valued at approximately $1 billion, distributed over the coming years. This move answers a key question many have about Joby’s go-to-market strategy: how quickly and efficiently can they monetize their innovative electric aircraft? Joby Aviation’s Strategic Partnership with Abdul Latif Jameel The proposed partnership, formalized by a memorandum of understanding (MoU), marks a significant milestone for Joby. While the MoU is not a finalized contract, insiders anticipate detailed announcements later this year. If confirmed, this colla…