Joby Aviation

Delta invests in Joby and home-to-airport drone service

Joby aircraft drone

Nobody likes a layover. Those hours spent at the airport would be better spent in Aruba, Jamaica or whatever destination you’re headed to.

But very soon there could be a different kind of connecting flight — one that you won’t want to pass up.

That’s because Delta Air Lines (NYSE: DAL) on Tuesday announced a multiyear partnership with Joby Aviation Inc. (NYSE: JOBY), a Santa Cruz, California-based company that builds an autonomous, electric vertical takeoff and landing (eVTOL) drone that has been...

https://www.freightwaves.com/news/delta-invests-in-joby-and-home-to-airport-drone-service

8VC files for two new funds, intends to raise over $1B

Austin, Texas-based 8VC, a venture firm within the logistics industry, has submitted filings with the U.S. Securities and Exchange Commission for two new venture capital funds this week. The funds, 8VC Opportunities Fund II L.P. and 8VC Fund IV L.P., intend to raise $880 million and $640 million, respectively.

While the firm has not addressed what type of investments the new funds will be for, 8VC has been acclaimed for its investments in supply chain technology companies.

Last month, 8VC was...

https://www.freightwaves.com/news/8vc-files-for-two-new-funds-intends-to-raise-over-1b