https://techcrunch.com/2023/05/03/joby-aviation-lands-180m-equity-investment-from-returning-backer-ballie-gifford/

Baillie Gifford is buying nearly 44 million newly issued shares in Joby Aviation, a purchase that will provide a $180 million injection of capital into the company as it continues to develop all-electric aircraft for a commercial passenger service.

Joby Aviation said Wednesday as part of its first-quarter earnings report that it will sell 43,985,681 to the investing group at a price of $4.10 per share, a move that bolsters its balance sheet amid a stormy economic environment. The stock sale is expected to close May 5.