JOBY

UAE Air Taxi Launch and Vertiport Network

Cluster Description

Commitments to launch, operate, and scale commercial air taxi services in Dubai and Ras Al Khaimah, including infrastructure build‑out and exclusive operating rights; the November 19, 2025 updates supersede earlier Dubai exclusivity references and confirm a 2026 start.

Commitments

• November 19, 2025: Under a six-year exclusive agreement, Joby will start air taxi operations in Dubai in 2026, updating earlier Dubai launch statements.
• November 17, 2025: Joby will add three vertiports in Dubai at Dubai Mall, Atlantis the Royal, and American University of Dubai with RTA and Skyports.
• November 17, 2025: Joby will launch commercial passenger air taxi service in Dubai in 2026.
• November 17, 2025: Joby will complete the vertiport at Dubai International Airport in Q1 2026 as part of the initial network.
• November 17, 2025: Joby will conduct daily flight demonstrations at the Dubai Airshow 2025 to showcase readiness.
• November 19, 2025: Joby will collaborate with Ras Al Khaimah Transport Authority and Skyports to launch an air taxi network in Ras Al Khaimah by 2027.
• September 29, 2025: Joby will establish an inter‑emirate corridor connecting Dubai and Ras Al Khaimah by 2027.
• September 29, 2025: Joby and Skyports will build the first Ras Al Khaimah vertiport at Al Marjan Island for the 2027 launch, followed by phased expansion.
• November 06, 2025: Joby will be operational in Dubai ahead of FAA Type Certification, ramping operations over the course of 2026.
• December 10, 2024: Joby will apply to become the first certificated air taxi operator in the UAE and install its GEACS charging system at Jetex sites.

Saudi Arabia Deployment and Regulatory Pathway

Cluster Description

Commitments to rapidly deploy services in the Kingdom, establish a pre‑commercial sandbox, and co‑develop a regulatory framework with GACA using FAA standards; November 19, 2025 commitments refine and extend the November 12, 2025 MoU.

Commitments

• November 19, 2025: Joby will complete pre‑commercial evaluation flights of its electric air taxi in Saudi Arabia in the first half of 2026.
• November 19, 2025: Joby, Red Sea Global and The Helicopter Company will establish a sandbox to evaluate air taxi operations including charging, airspace integration, and ground communications.
• November 19, 2025: Joby will collaborate with GACA to support development of Saudi Arabia’s air taxi regulatory framework using FAA certification standards as a foundation.
• November 12, 2025: Joby and GACA will rapidly deploy electric air taxi service in Saudi Arabia under a new MoU.
• November 12, 2025: Joby and GACA will use FAA standards to create a streamlined approval and validation process for Joby’s aircraft.
• November 12, 2025: Joby and GACA will provide technical expertise across type design, production, and operations to inform the regulatory framework.
• November 12, 2025: Joby and GACA will collaborate on airworthiness standards to enable efficient validation of the FAA Type Certificate.
• November 12, 2025: Joby and GACA will develop and harmonize regulations for initial operations including pilot licensing, maintenance, and airspace integration.
• November 12, 2025: Joby and Abdul Latif Jameel will explore delivery of up to 200 aircraft valued at approximately $1 billion.
• June 03, 2025: Joby will explore a distribution agreement and collaborate to launch local air taxi services in Saudi Arabia, including MRO and pilot training enablement.

FAA Certification and TIA Flight Testing

Cluster Description

Commitments to execute the final phase of FAA Type Certification, including power‑on, integration, and “for credit” flight testing under TIA; November 6, 2025 updates reinforce and clarify the November 5, 2025 plan.

Commitments

• November 06, 2025: Joby will begin power‑on testing of the first TIA aircraft and progress through TIA flight testing leading to FAA pilots flying for credit in 2026.
• November 05, 2025: Joby will begin power‑on testing of the first FAA‑conforming aircraft to prepare for TIA.
• November 05, 2025: Joby will conduct thousands of hardware and software integration tests on TIA aircraft ahead of flight testing.
• November 05, 2025: Joby will perform “for credit” flight testing with Joby pilots in 2025 followed by FAA test pilots in 2026.
• November 05, 2025: Joby will validate the aircraft’s performance envelope, including range, speed, and energy management, during TIA testing.
• November 05, 2025: Joby will test flight controls and handling qualities across VTOL, hover, and wingborne cruise regimes.
• November 05, 2025: Joby will validate maintenance procedures, operations manuals, and pilot training curriculum during the TIA phase.
• November 05, 2025: Joby will build each TIA aircraft with FAA‑conforming components under its approved quality management system.
• November 05, 2025: Joby will collaborate side‑by‑side with the FAA throughout TIA testing to support certification decisions.
• September 23, 2025: Joby will prepare for initial TIA flight tests targeted for early 2026.
• December 20, 2024: Joby is targeting the start of TIA flight testing in 2025 as part of the final certification phase.

Manufacturing and Production Scale‑Up

Cluster Description

Commitments to expand manufacturing throughput, localize critical component production, and build capacity for certification and commercial launch; later updates confirm higher cadence and specific output targets.

Commitments

• November 06, 2025: Joby will accelerate production and scale manufacturing with Toyota to meet rising demand.
• November 06, 2025: Joby will scale propeller blade production in Dayton to address a high‑part‑count component.
• November 06, 2025: Joby will expand its Marina and Dayton footprints and add more than 100 manufacturing roles to support the ramp.
• October 31, 2025: Joby will manufacture propeller blades in‑house at its Dayton, Ohio facility.
• October 31, 2025: Joby will scale blade production in Ohio with potential output of up to 15,000 blades per year.
• October 31, 2025: Joby will complete conforming blades for FAA inspection and certification next month.
• October 31, 2025: Joby will install propeller blades on flight test aircraft next year.
• October 31, 2025: Joby will build Dayton facility capacity over time to support up to 500 aircraft per year.
• October 31, 2025: Joby will use Dayton manufacturing to support type and production certification programs and future expansion.
• September 12, 2025: Joby will double U.S. production capacity to up to 24 aircraft per year across 435,000 square feet.
• August 06, 2025: Joby will operate an expanded 435,000‑square‑foot Marina facility, doubling capacity to 24 aircraft per year.
• July 15, 2025: Joby will ramp production at its renovated Dayton facility with plans to build up to 500 aircraft annually.

Defense and Autonomy Programs

Cluster Description

Commitments to deliver hybrid VTOL capabilities, missionize with L3Harris, and advance certifiable autonomy (Superpilot + NVIDIA IGX Thor) for defense and eventual civil use; November 13, 2025 commitments confirm 2026 operational demonstrations and autonomy design direction.

Commitments

• November 13, 2025: Joby and L3Harris will begin flying government mission demonstrations using the turbine‑electric hybrid demonstrator in 2026.
• November 13, 2025: Joby will continue ground and flight testing of the hybrid aircraft ahead of 2026 operational demonstrations.
• November 13, 2025: L3Harris will equip Joby’s commercial hybrid aircraft with missionization elements for defense applications.
• November 13, 2025: Joby commits to accelerating delivery of new technology to U.S. troops more quickly and cost‑efficiently.
• November 13, 2025: L3Harris commits to scaling rapidly to bring commercial VTOL aircraft to combat operations.
• November 13, 2025: Joby will design the hybrid aircraft to be autonomous using its Superpilot technology stack.
• November 06, 2025: Joby will demonstrate the turbine‑electric hybrid with L3Harris and compete for FY’26 U.S. DoD procurement.
• November 06, 2025: Joby will integrate Superpilot and adopt NVIDIA IGX Thor to enable advanced onboard compute and autonomy on defense variants.
• November 05, 2025: Joby will develop and ground‑test a hybrid‑electric autonomous aircraft for defense and advance Superpilot (with IGX Thor) for autonomy.
• October 28, 2025: Joby will integrate NVIDIA IGX Thor with Superpilot to pursue certifiable autonomy for defense and future civil applications.
• October 28, 2025: Joby will enable onboard autonomous mission management, perception, sensor fusion, predictive health monitoring, and digital twin capabilities.
• September 03, 2025: Joby will compete for DoD autonomous and hybrid aircraft programs and use defense work to inform commercial autonomy integration.
• August 01, 2025: Joby and L3Harris will flight‑test a gas‑turbine hybrid VTOL beginning fall 2025 with operational demonstrations in 2026.

U.S. eIPP Pre‑Certification Operations

Cluster Description

Commitments to leverage the White House/DOT/FAA eVTOL Integration Pilot Program to begin limited U.S. operations ahead of full FAA certification; later statements add timing and participation details.

Commitments

• November 06, 2025: Joby will pursue participation in the eIPP to operate mature eVTOLs in select U.S. markets ahead of certification, with operations expected to start mid next year.
• November 05, 2025: Joby will engage with state and local governments submitting eIPP applications to demonstrate passenger, cargo, and emergency use cases prior to Type Certification.
• September 12, 2025: Joby will participate in the eIPP to begin operations in select markets ahead of full FAA certification, with projects chosen within 180 days.

Commercial Channels, Customer Operations, and Route Development

Cluster Description

Commitments to use Blade’s network, Uber integration, and commuter pilots to build channels and operating know‑how prior to widespread eVTOL deployment; newer items clarify near‑term routes and transitions.

Commitments

• November 06, 2025: Joby will leverage the Blade acquisition to operate and expand high‑frequency routes ahead of Joby aircraft certification.
• November 06, 2025: Joby will launch a weekday commuter pilot program between Manhattan and Westchester County Airport starting December 1, 2025 with seats from $125 to $225.
• November 06, 2025: Joby will transition Blade operations from helicopters to its electric air taxis once FAA certification is achieved.
• November 06, 2025: Joby will use the commuter pilot program to gather operational and customer experience insights to accelerate and de‑risk commercialization.
• November 05, 2025: Joby will integrate Blade’s passenger services into the Uber app and continue service operations, building demand ahead of Joby’s launch.
• September 10, 2025: Joby and Uber will bring Blade’s services into the Uber app to enable direct booking and foundation for Joby’s future eVTOL service.
• August 29, 2025: Joby will continue Blade’s passenger operations as a wholly‑owned subsidiary and pursue entry into commercial service with Joby aircraft once certified.
• August 29, 2025: Joby will integrate Blade’s network and user base into Joby’s apps and services over time to expand access.

Japan Ecosystem and Expo 2025 Demonstrations

Cluster Description

Commitments to demonstrate operations at Expo 2025 Osaka, inform JCAB regulation, and build a national ecosystem via a joint venture with ANA and partners.

Commitments

• September 30, 2025: Joby will conduct public flight demonstrations at Expo 2025 Osaka over 13 days with plans for more than 20 flights.
• September 30, 2025: Joby will use demonstration data to support regulatory development with JCAB for advanced air mobility.
• September 30, 2025: Joby will progress the development of a national air taxi ecosystem in Japan including vertiports, pilot training, and maintenance support.
• September 30, 2025: Joby will engage communities, collaborate with regulators, and expand partnerships to advance deployment in Japan.
• August 05, 2025: Joby will establish a joint venture to provide air taxi service in Japan with deployment of more than 100 aircraft in the coming years.
• August 05, 2025: Joby will hold public demonstration flights of ANA‑branded aircraft at EXPO 2025 Osaka from October 1–13, 2025.
• August 05, 2025: Joby will accelerate ecosystem development in Japan in collaboration with national and local governments.

Kazakhstan Market Entry and Supply Chain Collaboration

Cluster Description

Commitments to enter Kazakhstan via aircraft sales and services while partnering on regulatory enablement and critical materials sourcing; the November 19, 2025 reference confirms and updates the November 6, 2025 LOI.

Commitments

• November 19, 2025: Joby signed a letter of intent to sell aircraft and services to Alatau Advance Air Group valued up to $250 million to introduce air taxis to Kazakhstan.
• November 06, 2025: Joby will sell eVTOL aircraft and services valued up to $250 million to AAAG, including pre‑delivery payments, under a letter of intent.
• November 06, 2025: Joby and AAAG will collaborate with the Government of Kazakhstan to create the regulatory environment and infrastructure required for air taxi services.
• November 06, 2025: Joby and AAAG will collaborate on sourcing critical materials from Kazakhstan, including titanium and rare earth metals, for aircraft production.
• November 06, 2025: AAAG will act as a launch customer and establish a comprehensive testbed and ground infrastructure to support safe operations.

Training, Safety Systems, and Operational Readiness

Cluster Description

Commitments to build pilot and maintainer pipelines, implement safety systems, and deploy simulators to support commercial readiness.

Commitments

• November 06, 2025: Joby will accept and deploy a fully immersive CAE‑developed flight simulator as a prerequisite for scaled commercial pilot training.
• December 03, 2024: Joby will establish and expand a pipeline of qualified pilots through its FAA Part 141‑certified Joby Aviation Academy.
• December 03, 2024: Joby will advance its safety culture by implementing a Safety Management System for air operations ahead of the FAA deadline.
• December 03, 2024: Joby will grow the Flight Academy’s courses and enrollment over the coming years.
• December 05, 2024: Joby will provide comprehensive electric aircraft maintenance training for U.S. Air Force personnel under its AFWERX contract.

Financing and Capital Management

Cluster Description

Commitments to strengthen liquidity for certification, manufacturing, and commercial preparation; later updates reflect completed offerings and use of proceeds, superseding earlier offering announcements.

Commitments

• November 06, 2025: Joby will strengthen its balance sheet via ATM/warrant exercises and an equity offering, with approximately $576 million in net proceeds received in October to fund scaling.
• November 05, 2025: Joby will use approximately $576 million of October 2025 equity offering proceeds to support certification, manufacturing, commercial preparation, and working capital.
• October 09, 2025: Joby will make the final prospectus supplement and accompanying prospectus available free of charge for its underwritten offering.
• October 07, 2025: Joby will sell 30,500,000 shares at $16.85 per share for gross proceeds of approximately $513.9 million and grant a 30‑day overallotment option.
• May 27, 2025: Joby closed a $250 million strategic investment from Toyota to support certification and commercial production.
• November 06, 2025: Joby will remain on track to hit the upper end of its 2025 use‑of‑cash guidance of $500–$540 million.

Community Engagement and Event Operations

Cluster Description

Commitments to public showcases and major event operations to drive acceptance, operational practice, and demand.

Commitments

• September 23, 2025: Joby will participate in the California International Airshow in Salinas on October 4–5, offering aircraft access and guided experiences.
• September 23, 2025: Joby will continue local community outreach and STEM education programs to build familiarity with electric aviation.
• September 18, 2025: Joby (via Blade) will serve as the Official Air Mobility Partner for the 2025 Ryder Cup, transporting attendees between Manhattan‑area lounges, Bethpage, and Republic Airport.
• September 18, 2025: Joby (via Blade) will operate a Ryder Cup Vertiport with multiple landing zones and provide seamless on‑course transfers and hospitality.
• September 18, 2025: Joby will showcase its next‑generation all‑electric aircraft and simulator at the Ryder Cup to promote quieter, emissions‑free travel.