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An early Joby Aviation backer might soon be its biggest distributor in Saudi Arabia
Joby Aviation has signed an MoU with investor and Saudi Arabian conglomerate Abdul Latif Jameel (ALJ) to distribute up to 200 electric aircraft valued at about $1 billion over the coming years.
Joby Aviation has reached a tentative deal with investor and Saudi Arabian conglomerate Abdul Latif Jameel (ALJ) to distribute up to 200 electric aircraft valued at about $1 billion over the coming years. Joby’s deal with AFJ comes amid unprecedented levels of cooperation between the U.S. government and Saudi Arabia in the realms of AI, technology infrastructure, and energy. Rebecca Bellan is a senior reporter at TechCrunch, where she covers Tesla and Elon Musk’s broader empire, autonomy, AI, electrification, gig work platforms, Big Tech regulatory scrutiny, and more.
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