Joby Aviation acquires Avionyx to accelerate aerospace software certification

Joby Aviation, a California-based company developing electric vertical takeoff and landing vehicles (eVTOL) for commercial passenger service, announced the acquisition of Avionyx, an aerospace software engineering firm, on the TechCrunch Sessions: Mobility stage on Wednesday.
The companies did not disclose the terms of the deal, but Joby did say that it was an acqui-hire, which means Avionyx’s staff will join Joby. It also likely means that this was a combination equity and stock deal.
Joby’s piloted five-seat eVTOL aircraft can carry four passengers at speeds of up to 200 miles per hour

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