Joby Aviation
Canvas Category OEM : Aerospace
We all want to spend less time traveling and more time living. At Joby Aviation, we’re making that possible with our pioneering electric aircraft. It’s a faster, cleaner, and smarter way to carry people through their lives. Powered by six electric motors, our aircraft takes off and lands vertically, giving us the flexibility to serve almost any community. Flying with us might feel more like getting into an SUV than boarding a plane.
Assembly Line
Toyota To Invest $500 Million in Joby Aviation
Toyota Motor Corporation and Joby Aviation, Inc., a company developing electric air taxis for commercial passenger service, announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby’s electric air taxi, with the aim of realizing the two companies’ shared vision of air mobility. The investment, which will bring Toyota Motor Corporation’s total investment in Joby to $894 million, will be made in the form of cash for common stock, with the first tranche targeted to close later this year and the second in 2025.
Manufacturing and Transportation Industry Forum | DAIS 2024
Joby Acquires Xwing Autonomy Division, Looks Ahead to Autonomous Flight
Xwing is an industry leader in the development of autonomous technology for aviation; Acquisition supports Joby’s long-term vision of making aerial mobility as accessible as possible through the adoption of autonomous technologies; Expected to accelerate existing and potential future contracts with the U.S. Department of Defense; Underscores Joby’s leadership position as a next generation aviation company
Joby Aviation to get investment from Tesla shareholder Baillie Gifford
British investment management firm Baillie Gifford will invest $180 million in electric aircraft maker Joby Aviation (JOBY.N), they said on Wednesday. This comes days after Joby clinched a $55 million contract extension to deliver up to nine air taxis to the U.S. Air Force, marking the company’s first revenue-generating operations.
Unlike other electric vertical takeoff and landing (eVTOL) manufacturers, which plan to sell aircraft to customers such as airlines and logistics companies, Joby’s business model is similar to a rideshare app.
Joby and Toyota Expand Partnership with Long-Term Supply Agreement for Key Powertrain and Actuation Components
The agreement builds on the long-standing partnership between Joby and Toyota, which has seen the two companies collaborate on a wide variety of projects to support the production and assembly of the Joby aircraft, including advising on the design of Joby’s pilot production line in Marina, CA. Toyota is also Joby’s largest external shareholder, having invested around $400 million in the Company.