Sale of Blade Passenger Business
Blade Air Mobility announced the sale of its Passenger business to Joby Aviation for up to $125 million. This strategic move will allow Blade to focus on its Medical segment, which has been growing significantly.
Growth in Medical Segment
The Medical segment's revenue grew by 17.6% year-over-year, reaching a record $45.1 million in Q2 2025. This growth was driven by new transplant center customers and increased demand from third-party service providers.
Strong Financial Position
Blade Air Mobility ended the quarter with no debt and $113.4 million in cash and short-term investments, positioning it well for future strategic acquisitions.
Partnership with Joby Aviation
Strata, the newly named Medical division, will enter a long-term partnership with Joby Aviation to access their eVTOL aircraft for medical use, potentially reducing operational costs.