Joby launches $300M 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

Oct 24, 2024

Space startup SpinLaunch is fundraising again, though a source tells TechCrunch that it was exploring raising a significantly more ambitious sum earlier this year. The company has closed an $11.5 million round out of a planned $25 million, according to a filing with the U.S. Securities and Exchange Commission. SpinLaunch confirmed funding to TechCrunch, but did not comment on the amount raised. It last raised a $71 million Series B in 2022. But a person familiar with the company’s plans told T

Dec 3, 2024

It’s tempting to think the trend of EV startups merging with special purpose acquisition companies (SPACs) to go public has ended, seeing how many of them are struggling or defunct. But that’s not quite true. A startup called Thunder Power Holdings went public on the Nasdaq exchange in June through a SPAC, and is now trying to raise up to $100 million more through a share sale deal. All this is happening even as the CEO of the company, Wellen Sham, has been indicted by the Taiwanese government

Sep 6, 2024

Indian electric scooter manufacturer Ather Energy plans to raise about $370 million in its initial public offering, according to its draft prospectus filed on Monday (PDF), as the startup seeks to capitalize on growing demand for electric vehicles in the world’s third-largest auto market. The Bengaluru-based startup, which competes with recently listed rival Ola Electric, is targeting a valuation of $1.5 billion to $2 billion, people familiar with the matter told TechCrunch. The company said it

Sep 9, 2024