Joby Aviation, Inc. has signed a letter of intent to sell electric vertical takeoff and landing (eVTOL) aircraft and services valued at up to USD250 million to Alatau Advance Air Group (AAAG), a company working to introduce air taxis to Kazakhstan.
The agreement, which includes pre-delivery payments, is being supported by a parallel memorandum of understanding between Joby and the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan. The Ministry has committed to the development of Advanced Air Mobility in Kazakhstan, including the creation of the regulatory environment and infrastructure required for the successful implementation of air taxis.
AAAG is central to the development of Alatau City, a 340 square mile city development project that is intended as a Central Asian international hub and an early launch market for air taxis in the region. The parties will also collaborate on sourcing critical materials, including titanium and rare earth metals, from Kazakhstan for the production of Joby’s aircraft.
For more information