Joby Aviation has now raised $720 million after Series C funding, which included an undisclosed sum from the investment arm of Abdul Latif Jameel, Jameel’s family business, of which he serves as deputy president.
Jameel started dating Rihanna in 2017, but it was reported on January 17 that their relationship had come to an end.
“Air taxi service is still in the early stages of commercialization’s, but one that has the potential to completely transform the future of mobility,” Jameel said in a press release, distributed on Sunday.
“We are excited to be a part of this new chapter for the sector, bringing fast, affordable, and zero-emissions air mobility to Saudi Arabia and the wider MENA region.”
“Improving daily transportation in line with environmental sustainability is a mission we share with all our partners in business, and one which we are committed to delivering on.”
The all-electric flying taxi at the centre of Joby Aviation’s plans is a five-seat aircraft that can travel more than 150 miles on a single charge, and reach speeds of 200 miles-per-hour.
Joby Aviation say they expect the cost of air-taxi to “approach the cost of ground transportation” in the future.
“We are very pleased to have Abdul Latif Jameel as new backers in our recent Series C financing round,” Paul Sciarra, executive chairman of Joby Aviation, said.