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Joby Q4 2024 results: “First operations 2025/2026, USD933 million in cash”

In a Linkedin post Joby Aviation has reported on its Q4 2024 results:

“Record progress on certification. Second aircraft delivered to US Air Force. First vertiport in Dubai network under construction. Successful demonstration flights in Korea. Passenger operations planned for late 2025 or early 2026. USD933 million in cash and short-term investments plus additional USD 500 million from Toyota.”

According to the company:

“We saw the most significant progress on the fourth stage of the type certification process to date and are now more than 50% complete on the Joby side. We completed our first FAA ‘for-credit’ testing on a major aerostructure, our first TIA testing on human factors, and plan to begin TIA flight testing in the next 12 months.

“Industry leadership on manufacturing: We reached our target of achieving the capacity to build parts equivalent to one aircraft per month. We rolled out and flew our fourth production prototype. Over 95% of the composite components produced on our manufacturing lines are now fully conforming. The expansion of our Marina facility remains on track and we plan to deliver the first parts from our Ohio facility in mid-2025.

“Defense partnerships: We continue to be the only company in our sector to have delivered an electric air taxi on-base to our DoD partners, and have now delivered two. We are also the only company in the sector to have demonstrated a hybrid aircraft, having completed multiple 500+ mile flights including vertical take-offs and landings with our hydrogen-electric aircraft last year as part of our existing government contracts.

“Preparing for commercial operations: Construction has begun on the first vertiport in our planned Dubai network, situated at Dubai International Airport. By the middle of this year, we plan to deliver our first aircraft to Dubai and begin in-market testing. We intend to carry our first passengers in the Emirate in late 2025 or early 2026.

“Demonstration flights in Korea: We became the first company to fly an electric air taxi in Korea’s K-UAM Grand Challenge. Over the course of a week, we completed a range of missions demonstrating various flight profiles and conditions, including fully wing-borne flight.”

For more information

https://lnkd.in/eTYdZAsu
https://www.jobyaviation.com/news/joby-reports-record-certification-progress-delivery-second-aircraft-edwards/

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