M&A Deal Summary

Joby Aviation Acquires Xwing - Autonomy Division

On June 4, 2024, Joby Aviation acquired aerospace company Xwing - Autonomy Division from Xwing

Acquisition Highlights
  • This is Joby Aviation’s 1st transaction in the Aerospace sector.
  • This is Joby Aviation’s 1st transaction in the United States.
  • This is Joby Aviation’s 1st transaction in California.

M&A Deal Summary
Date 2024-06-04
Target Xwing - Autonomy Division
Sector Aerospace
Buyer(s) Joby Aviation
Sellers(s) Xwing
Deal Type Divestiture

Target

Xwing - Autonomy Division

San Francisco, California, United States
Xwing's Autonomy Division provides aviation autonomy services.

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Buyer(S) 1

Buyer

Joby Aviation

Santa Cruz, California, United States
Category Company
Founded 2009
Sector Airlines
Employees1,777
Revenue 1M USD (2023)
DESCRIPTION

Joby Aviation is a transportation company developing an all-electric vertical takeoff and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service beginning in 2024. The aircraft, which has a maximum range of 150 miles on a single charge, can transport a pilot and four passengers at speeds of up to 200 mph. It is designed to help reduce urban congestion and accelerate the shift to sustainable modes of transit. Founded in 2009, Joby employs around 1,000 people, with offices in Santa Cruz, San Carlos, and Marina, California, as well as Washington, D.C. and Munich, Germany. Joby Aviation was founded in 2009 and is based in Santa Cruz, California.

DEAL STATS #
Overall 2 of 2
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Inras

Linz, Austria

Inras is a developer of radar system design for R&D laboratories. Radarbook2 is an improved version of the Radarbook with a faster Ethernet connection and a powerful Arria 10 processing unit. This platform enables the execution of custom applications directly on the dual-core ARM processor. Inras is based in Linz, Austria.

Buy -

Seller(S) 1

SELLER

Xwing

San Francisco, California, United States
Category Company
Founded 2016
Sector Aerospace
DESCRIPTION

Xwing is a provider in the development of autonomous technology for aviation. The Company's adaptable systems are designed to seamlessly integrate with a wide range of aircraft, providing the ability to safely operate ground-supervised, uncrewed aircraft in any airspace. Xwing was formed in 2016 and is headquartered in San Francisco, California.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

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