LinkedIn Co-Founder Buys Flying Taxi Company

Reid Hoffman and Mark Pincus, founder of Zyanga, acquired Joby Aviation.
LinkedIn Co-Founder Buys Flying Taxi Company
Image credit: David Yellen

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Entrepreneur Staff
1 min read
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Reid Hoffman , co-founder of LinkedIn , and Mark Pincus, founder of Zyanga, agreed last week to buy the Joby Aviation company, which develops flying electric taxis.

According to an Axios publication, Reinvent Technology Partners - Hoffman and Pincus' company - valued Joby Aviation at about $ 6.6 billion.

Image: Joby Aviation

Joby asserts that his electric plane takes off and lands vertically silently so as not to generate noise in cities and that it can transport its passengers at 350 kilometers per hour.

The aviation company expects flight certification by 2023.

More from Entrepreneur
Entrepreneur Select: A Fund For Entrepreneurs, By Entrepreneurs

Entrepreneurs require more than just money, which is why we aim to empower you, as well as act as a catalyst for value creation.

Entrepreneur Insider members enjoy exclusive access to business resources for just $5/mo:
  • Premium articles, videos, and webinars
  • An ad-free experience
  • A weekly newsletter
  • Bonus: A FREE 1-year Entrepreneur magazine subscription delivered directly to you
Make sure you’re covered for physical injuries or property damage at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur