Joby Aviation Makes Strides Towards Commercial Passenger Service with Record Progress and Funding Boost
Key Ideas
- Joby Aviation announces record progress towards commercial passenger service in the U.S., expecting to carry first passengers late 2022 or early 2023.
- Company delivered a second aircraft to the Air Force and received over $1 billion in additional funding and commitments in the fourth quarter of 2024.
- Joby is developing electric air taxis in Marina, capable of high-speed mobility with minimal noise and zero operating emissions, with plans to double its manufacturing capabilities.
- The company successfully completed flights with a hybrid, hydrogen-electric variant of its aircraft and has been making significant advancements in certification and technology development.
Joby Aviation, based in Marina, has reported significant progress towards achieving commercial passenger service in the U.S. The company expects to carry its first passengers late this year or early next year, following the completion of the fourth of five stages required for certification. Joby is developing electric air taxis designed to transport a pilot and four passengers at speeds of up to 200 mph, with reduced noise and zero emissions. The company recently delivered a second aircraft to the Air Force and secured over $1 billion in additional funding. Joby has also made advancements in hydrogen-electric technology, successfully flying a hybrid variant of its aircraft. With facilities in Marina and various locations worldwide, Joby is expanding its manufacturing capabilities and aims to double its production capacity to deliver 25 aircraft annually. The company's CEO, JoeBen Bevirt, expressed optimism about the future, emphasizing Joby's leading role in the industry and its commitment to innovation and manufacturing. Joby's progress includes not only operational achievements but also milestones in technology development, certification, and partnerships with military entities.