The new funding is expected to support Joby's progress in certifying its electric vertical takeoff and landing (eVTOL) aircraft with the Federal Aviation Administration (FAA) and transitioning to full-scale commercial production.

The company's intensive flight testing over the past four years involved more than 1,500 flights and covered over 33,000 miles, demonstrating significant advancements in range, speed, and noise reduction.

Under the definitive agreement, Joby is granted the exclusive rights to operate air taxis in Dubai for a span of six years

This event coincides with New York City Mayor Eric Adams' announcement regarding plans to electrify the Downtown Heliport, part of a broader initiative to support cleaner and quieter air travel solutions

During the third quarter, Joby Aviation reported that it has moved closer to FAA certification, with 84% of its Certification Plans, including those for its energy storage and power distribution, now accepted.

This delivery positions Joby as leader in delivering electric air taxis to the U.S. Air Force and possibly the first to achieve such a delivery in the United States

Joby Aviation, which is at the forefront of electric vertical take-off and landing (eVTOL) aircraft development, announced its plans to cement its presence in the historic city.

This certificate enables Joby to initiate flight testing for its first production prototype, marking a significant milestone in the company's journey towards FAA certification and large-scale production.