The first thought that crosses your mind is how you would plan to use the car, is it for just recreation, evening drives, daily commuting or long distance travel, or if you need it for crowded city driving or on highways.
Different cars come with different packages, so it is very important you check on the service and mileage of the cars along with the network and safety that is needed. Always gather as many expert reviews and comments on the vehicle that you choose to buy and do a comparative study of the vehicles in the market. Technical specifications such as mileage, engine power and other features are equally important. You must carefully analyse the vehicle and make sure that you get all the characteristics that you are looking for, inspect the vehicle both from the interior and exterior for any kind of blemishes or damage.
Before buying your car, you need to find one that would suit your lifestyle and to look for cars in the segment that you can afford, whether it is a sports utility vehicle (SUV) or a compact car, or a sedan. You need to identify the car of your choice. Go in for the right deal, choose cars whose manufacturers offer you great incentives and rebates, be very careful to note any hidden liabilities by the smart marketing executives and match it against an affordable budget.
Choosing and Buying a New car is an important decision that requires careful and meticulous planning. You are faced with lot of options governed by your financial status and the value for money that you would get in buying the new car. Just thinking about how best to acquire a car of your dreams can be a daunting task.
Other factors that you need to look into and prioritize are, the fuel efficiency of the car, the type of service network, after sales servicing offered, the safety features of the car, the seating capacity needed depending on the size of the family, and of course if you need a luxury range car or a medium budget sized car.
Joby Aviation, the 12-year-old electric air taxi startup partnered with Toyota Motor Corp. and Uber Technologies, will go public in a $6.6 billion reverse merger with blank check company Reinvent Technology Partners, the firms said on Wednesday.
California-based Joby aims to begin a commercial passenger service in 2024, using its electric vertical takeoff and landing (eVTOL) aircraft. Potential air taxi competitors include well-funded German startups Volocopter and Lilium.
Joby is being taken public via a special purpose acquisition company, or SPAC, headed by LinkedIn founder Reid Hoffman, Zynga founder Mark Pincus and longtime investor Michael Thompson.
In an interview, Hoffman said: “We did months of due diligence — we got the same universal signal. These guys have got everything (to) redefine this new space . . . I think of Joby as Tesla meets Uber in the air.”
Joby is the first aerial vehicle startup to go public via the SPAC route. Reuters reported in January that Joby was exploring a deal to go public with a blank-check acquisition company.
Joby previously had received $800 million in venture funding, including a $620 million Series C round led by Toyota in early 2020 that valued the company at more than $2 billion, according to investor website Crunchbase. Early investors included JetBlue, Intel and asset manager Baillie Gifford.
Toyota is working with Joby to design a California manufacturing facility for its four-passenger eVTOL aircraft, and is sharing access to its supplier network, Joby executives said.
“Toyota’s involvement has really accelerated our manufacturing ramp — they are the key to unlocking global scale for us,” said JoeBen Bevirt, Joby CEO and founder.
Joby last year acquired Uber’s fledgling air taxi business, Uber Elevate. Uber will provide data to Joby’s aerial ride-sharing business.
“We want to tie together air and ground transportation to deliver the right customer experience,” said Paul Sciarra, Joby executive chairman and co-founder of Pinterest.
Reinvent pulled in $835 million in private equity investments from BlackRock, Fidelity and Baillie Gifford, which collectively have funded some of the top technology-driven transportation startups, including Tesla, Uber and Rivian.
The SPAC transaction will provide Joby with $1.6 billion in cash and is expected to close in the second quarter.