Joby launches $200M public offering ahead of 2025 commercial eVTOL release

Electric vertical takeoff and landing vehicle startup Joby Aviation has launched a public offering to sell up to $200 million of its shares of common stock, per a regulatory filing.Joby said it will use the proceeds from the raise — together with its existing cash — to fund its certification and manufacturing efforts, prepare for commercial launch in 2025, and for general working capital.  The eVTOL firm added that it intends to grant the underwriters a 30-day option to purchase an additional$30 million s ...