Joby Aviation (NYSE: JOBY) achieved significant milestones in the fourth quarter and Full Year 2024, marking record progress in the fourth stage of FAA certification. The company expanded its flight test fleet to five aircraft, including a hydrogen-hybrid variant, and delivered its second electric air taxi to Edwards Air Force Base. Joby also announced plans to deliver an aircraft to Dubai by mid-2025 for flight testing, with the aim of commencing passenger operations by late 2025 or early 2026. Additionally, Joby secured over $1 billion in additional funding and commitments in Q4, ending the quarter with $933 million in cash and equivalents, excluding pending Toyota investments totaling $500 million. The company's achievements include being the first to fly an electric air taxi in Korea's K-UAM Grand Challenge, demonstrating the capabilities of a hydrogen-hybrid aircraft covering 561 miles. Joby's focus on innovation and expansion reflects its strong financial performance and commitment to advancing sustainable aviation solutions.