Joby Aviation

Joby Aviation says it has notched another major milestone on the path to type certification for its five-seat eVTOL air taxi vehicle.

The FAA conducted an in-person, multi-day day audit of Joby’s eVTOL at the company’s facilities in Marina, California, to complete the second of four systems reviews required for its type certification program. 

The company and school will prepare the next generation of engineers and maintenance technicians for what Joby calls "the electric age of flight."

Joby has signed an expansion to its contract with the U.S. Air Force’s Agility Prime program, increasing its potential value by $45 million.

The Japanese automaker's $800 million growth-stage Woven Capital Fund could make further investments in urban air mobility.

Financial advisor to eVTOL startups warns new capital for aviation innovation could be in short supply