Joby Aviation, Inc. (JOBY)

Joby Aviation is developing a piloted, all-electric vertical take-off and landing (eVTOL) air taxi that it has spent more than a decade designing and testing. The company intends to operate air taxi services in cities around the world, both directly and through strategic partnerships, while also selling aircraft to distributors and expanding into defense and other specialized markets. Its goal is to provide clean, fast, quiet aerial transportation. It is building a vertically integrated company that manufactures, operates and sells its aircraft, supported by Elevate OS, a proprietary operating system integrating aircraft build, operations and maintenance data, and a consumer app for on-demand aerial ridesharing. It is targeting its first passengers in 2026.

The aircraft is designed to carry a pilot and up to four passengers, or a targeted payload of up to 1,000 pounds, at speeds up to 200 mph with a target range of up to 100 miles on a single charge. It has six propellers, each driven by two independent electric motors, with redundant batteries, flight computers and other critical systems. It is designed to be much quieter than a helicopter. The company has also developed proprietary charging infrastructure, the Global Electric Aviation Charging System, whose universal charging interface specifications it has open-sourced. It identifies three routes to market: Joby-owned and operated air taxi service (for example in the U.S. and Dubai), affiliate-owned and operated service with local partners, and direct sales and defense. In August 2025 it acquired Blade Urban Air Mobility, which continues to run an air charter broker service with a customer base and infrastructure in New York City and Southern Europe. Other agreements include a memorandum of understanding with Abdul Latif Jameel to explore delivering up to 200 aircraft in Saudi Arabia, a letter of intent with Alatau Advance Air Group in Kazakhstan, and work with L3Harris on defense applications.

The target market is urban air mobility, aimed at congested cities where ground transportation is strained. Riders are expected to book through Joby's own app or through third-party platforms, including those of Uber and Delta Air Lines, with ground transport integrated for the first and last mile. Partners and investors include Toyota, Uber and Delta, and relationships include ANA in Japan, the Road and Transport Authority in Dubai, and infrastructure providers such as Atlantic Aviation, Helo Holdings and Skyports. The company is also pursuing regulatory approval in the U.K., Japan, South Korea, Australia, Saudi Arabia and the UAE, and cites long-standing relationships with U.S. federal agencies.

Joby is in the FAA type certification process under the powered-lift classification. It holds a Part 135 Air Carrier Certificate (2022) and a Part 145 Repair Station Certificate (2024), and plans to seek production certification after type certification. It has a powertrain and electronics facility in San Carlos, California, and manufacturing, assembly and flight test facilities in Marina, California, including a new 226,000 square foot building completed in 2025. A high-rate production facility is planned in Dayton, Ohio, where it owns two facilities. By developing key components in-house, such as its flight control computer and electric propulsion unit, it aims to limit dependence on outside suppliers. Legacy Joby was incorporated in Delaware in 2016 and became public in August 2021 through a merger with Reinvent Technology Partners. The company is headquartered in Santa Cruz, California.