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Joby To Launch High-Speed Air Taxi Service In Dubai

The agreement grants Joby exclusive rights to operate a fleet of air taxis in Dubai for six years, with operations beginning as soon as 2025.

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joby to launch high-speed air taxi service in dubai
Joby Aviation

Electric aircraft company Joby Aviation, has announced an agreement with Dubai’s Road and Transport Authority (RTA) to introduce air taxi services in the Emirate by early 2026, with plans for initial operations as soon as 2025.

The agreement, formalized at the World Governments Summit in Dubai, grants Joby exclusive rights to operate air taxis in Dubai for six years. The partnership aims to position Dubai as a global leader in swift, environmentally friendly, and noise-conscious air travel using Joby’s groundbreaking technology.

JoeBen Bevirt, CEO and founder of Joby Aviation, commented: “It is an honor to partner with the government of Dubai to demonstrate the value of sustainable air travel to the world. Today’s landmark agreement delivers on all three ingredients required to successfully launch an air taxi service – a definitive path to operations, well-placed infrastructure supported by dedicated partners, and an aircraft with the capacity and range to deliver meaningful journeys”.

joby aviation rta skyports dubai

Joby has also forged an agreement with Skyports, who are tasked with the design, construction, and management of four initial vertiport sites at Dubai International Airport (DXB), Palm Jumeirah, Dubai Marina, and Dubai Downtown.

joby aviation infographic

Joby’s aircraft, unveiled for the first time in the region at the World Governments Summit, is engineered to accommodate a pilot and four passengers, achieving speeds of up to 200 miles per hour for a projected travel time of just 10 minutes from Dubai International Airport to Palm Jumeirah, as opposed to the 45 minutes it takes by car.

Also Read: e& To Establish Largest Subsea Cable Connection In UAE

His Excellency Mattar Al Tayer, Director-General, Chairman of the Board of Executive Directors for RTA, also released a statement, explaining, “The air taxi service is part of RTA’s efforts to embrace future transportation technologies and offers a novel and efficient mobility option for Dubai’s residents and visitors, enabling fast, safe, and convenient travel to key city spots. This service will also enhance seamless multimodal transportation, improving citywide connectivity and ensuring a smooth travel experience for passengers”.

In the future, RTA, Joby, and Skyports will integrate the service into Dubai’s broader public transportation network. Joby has established a local operating entity to bolster its operations in Dubai and plans to predominantly hire locally for its operational team. Additionally, the company is open to localizing other global business activities in Dubai and the surrounding region.

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Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

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mamo completes $3.4 million funding round to enhance fintech services
Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.

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