Joby aviationa California-based company that develops electric vertical take-off and landing vehicles (eVTOL). for commercial passenger transportannounced the acquisition of Avionyxan aerospace software development company, at the TechCrunch Sessions: Mobility stage on Wednesday.
The companies didn’t disclose the terms of the deal, but Joby said it was an acquisition, meaning Avionyx employees will join Joby. It probably also means that this was a combination stock and stock deal.
Joby’s piloted five-seat eVTOL aircraft can carry four passengers at speeds of up to 200 miles per hour, with a maximum range of 150 miles on a single charge, the company said.
The acquisition of Avionyx, a company with over 30 years of aerospace experience that has been working with Joby since last year, allows Joby to do what many companies are trying to do: become vertically integrated.
According to Joby, software verification is critical to compliance with FAA regulations and standards because it allows engineers to review, analyze, and test the software used on the aircraft. It also reportedly helps prevent vehicle accidents like the current one is under investigation by the National Transportation Safety Board based on a Joby plane crash in February.
Because Joby doesn’t rely on third parties, Joby can also be more flexible in managing its platform, respond quickly to challenges, and apply insights faster, the company said.
Gary Gysin, CEO of Wisk Aero, another eVTOL company focused on autonomous flight operations, disagreed with Simi on stage at TC Sessions: Mobility about the benefits of vertical integration, saying Wisk would get a faster route there , if you don’t own all the components market, so it looks like the game is in progress. However, since Wisk is not targeting manned flights, Gysin conceded that Joby’s plane will likely take to the skies before Wisk’s plane. Joby is aiming for a ride-sharing service in the air by 2024.
Avionyx’s experience in this sector will help Joby drive operations at its Vehicle Software Integration Lab in Marina, California, where Joby uses flight and hardware simulators to quickly run thousands of pre-programmed tests to validate the performance of its various aircraft and verify software systems. The company said a similar facility will be established in San Jose, Costa Rica, where Avionyx is based, to expedite these software verification efforts.
In addition to supporting Joby’s FAA certification program, Avionyx, an AS-9100D certified supplier, will continue its work in support of the broader aviation community.
Joby Aviation acquires Avionyx to accelerate aerospace software certification – TechCrunch Source link Joby Aviation acquires Avionyx to accelerate aerospace software certification – TechCrunch