Joby Aviation is set to acquire Blade Air Mobility's helicopter ride-share business for up to $125 million. This acquisition includes the Blade brand and its passenger operations in the US and Europe.
Blade's CEO, Rob Wiesenthal, will continue to lead the business as a subsidiary of Joby. However, Blade's medical division will remain separate.
The deal provides Joby with a network of 12 terminals in key markets like New York City, including lounges and terminal bases at major airports.
Blade, founded in 2014, operates a digital network for booking private helicopter rides and flew over 50,000 passengers in 2024.
Joby Aviation, founded in 2009, aims to integrate its air taxi operations software into Blade's service, eventually transitioning to electric air taxis.