Electric air taxi developer Joby Aviation has agreed to buy Blade Air Mobility’s helicopter ride-share business for as much as $125 million.

Joby is buying the Blade brand and the company’s passenger business, which includes operations in the United States and Europe. Blade founder and CEO Rob Wiesenthal will continue to lead the business, which will operate as a wholly-owned subsidiary of Joby.

Blade’s medical division, which transports organs, isn’t included in the transaction and will remain a separate company.

The deal gives Joby instant access to a network of 12 terminals in key markets like New York City — notably, a dedicated lounge as well as terminal bases at John F. Kennedy International Airport, Newark Liberty Airport, the West Side of Manhattan, the East Side of Manhattan, a

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