Joby Aviation has announced that it has launched an underwritten public offering to sell up to USD200.0 million of its shares of common stock. “All of the shares of common stock are being offered by Joby,” said the company in a press release. “In addition, Joby intends to grant the underwriters a 30-day option to purchase up to an additional USD30.0 million of its shares of common stock. Joby currently intends to use the net proceeds that it will receive from the offering, together with existing cash, cash equivalents and short-term investments, to fund its certification and manufacturing efforts, prepare for commercial operations and for general working capital and other general corporate purposes.”
The company has also reported it is hosting aviation regulators from around the world at its manufacturing and flight-testing facilities in Marina, California, as part of ongoing international certification efforts. The week-long session, known as a ‘technology familiarization’, is a formal part of the process of validating an aircraft’s type design for use in international markets, said Joby. During the session, regulators from three countries, each of which have existing bilateral aviation safety agreements with the Federal Aviation Administration engage with Joby team members and technology, as well as FAA staff, to support the continued harmonization of certification approaches for electric air taxis like the Joby aircraft around the world.
Attendees include personnel from the U.K. Civil Aviation Authority, Japan Civil Aviation Bureau, and Australia’s Civil Aviation Safety Authority, all of which represent nations where Joby has applied for validation of its FAA type certificate, once received.
In addition to this work, in South Korea, Joby continues to engage with the Ministry of Land, Infrastructure, and Transport and plans to participate in the country’s K-UAM Grand Challenge. Joby also continues to engage with regulatory authorities from other markets, including the UAE’s General Civil Aviation Authority and the European Union Aviation Safety Agency.
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