Joby Aviation, Inc. (NYSE:JOBY) announced the signing of a letter of intent with Alatau Advanced Air Group (AAAG) for the sale of electric vertical takeoff and landing (eVTOL) aircraft and services valued at up to $250 million, with the goal of establishing the first air taxi service in Kazakhstan.

The agreement is supported by the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan, which has committed to creating the regulatory framework and infrastructure necessary for the implementation of advanced air mobility (AAM). In addition, both parties will collaborate on access to critical materials such as titanium and rare earth metals for the production of Joby’s aircraft.

AAAG is leading the development of Alatau City, a 340-square-mile smart city project that aims to position itself as an international air mobility hub in Central Asia. According to JoeBen Bevirt, founder and CEO of Joby, this alliance reflects the company’s strategy of working with governments and regional operators to accelerate its commercial deployment.

With this agreement, Kazakhstan is emerging as a new strategic hub for advanced air mobility, strengthening Joby’s global expansion and its vision of transforming urban transportation with sustainable electric aircraft.

Source and Credits to Joby Aviation 

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