Joby Aviation

Joby Aviation is an aerospace transportation company developing and commercializing all-electric vertical takeoff and landing aircraft (designated by the FAA as the S4) to enable the deployment of fast, quiet and affordable air taxi services.

Joby's mission is to get people to their destination five times faster than driving, reduce urban congestion, and accelerate the shift to sustainable modes of transit.

Joby Aviation was founded in 2009 by JoeBen Bevirt. The company is headquartered in Santa Cruz, California, with offices and workshops in Santa Cruz, San Carlos, Washington, D.C., and Munich, Germany.

 

Joby's aircraft is powered by six electric motors, and takes off and lands vertically, giving them the flexibility to serve almost any community. The electric vertical take-off and landing (eVTOL) aircraft can travel more than 150 miles on a single charge.

 

Joby is the first eVTOL company to receive airworthiness approval from the U.S Air Force in December 2020. Flying Joby's aircraft on-base and having access to government testing facilities provides an opportunity to develop their operational capabilities in advance of commercial launch.

 

Joby has partnership with NASA, Department of Defense, Toyota, Uber. Joby also acquired the Elevate division, bringing their software tools and commercial launch expertise in house. 

 

Joby is backed by Intel Capital, Baillie Gifford, Department of Defense, BlackRock, Fidelity Management & Research, Toyota AI Ventures, JetBlue Technology Ventures, Toyota Motor Corporation, Uber Technologies, The Baupost Group, and others. The company raised $180M in a new equity financing on May 04, 2023. This brings Joby's total funding to $1.9B to date. Joby completed its SPAC merger with Reinvent Technology Partners on Aug 11, 2021, in a deal valuing the company at a $4.5B. 

 

 

  • Year founded: 2009
  • Funding Info: $1.9B over 8 Rounds (Latest Funding Type: Private Equity)
  • Yearly Revenue: NA
  • Employee Size: 1,001-5,000
  • Business Valuation: MKT Cap: 2.76B as of May 09, 2023/ Valued $4.5B via SPAC as of Aug 11, 2021
  • City/Town: Santa Cruz
  • State: California
  • Country: United States
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