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Joby’s electric air taxi, which has recently swept the market through multiple large fundraising rounds, a successful IPO, and an acquisition of Uber Elevate amongst others, has now announced that they have become the first company to fly an all-electric vertical takeoff and landing aircraft as part of NASA’s Advanced Air Mobility (AAM) National Campaign.

Joby’s full-scale, all-electric prototype preparing for flight above the company’s Electric Flight Base in California.

The NASA Advanced Air Mobility (AAM) National Campaign, which began as the ‘UAM Grand Challenge‘ was designed a few years ago to challenge the top growing companies in vertical urban flight through tests in performance that could set standards for the emerging industry as a whole.

Recently, Joby became the first company to actually fly its aircraft as part of the challenge, which is also designed to establish public confidence in these electric aircraft by putting them through multiple flight test scenarios. As part of the two-week test campaign at Joby’s Electric Flight Base near Big Sur, California, NASA and Joby will join forces to study the acoustic signature of the all-electric Joby aircraft, which the company intends to operate as part of a commercial passenger service beginning in 2024.

In the coming tests, NASA engineers will deploy their Mobile Acoustics Facility and more than 50 pressure ground-plate microphones in a grid array that allows for multi-directional measurement of the Joby aircraft’s sound emissions. Using this data, NASA and Joby will generate noise hemispheres for the aircraft that capture the intensity and the character of the sound emitted in comparison to helicopters, drones, and other aircraft. These readings, in combination with the noise profile of urban communities, can be used to verify how well proposed aircraft operations would blend into existing background noise.

Said Davis Hackenberg, NASA AAM mission integration manager, “NASA is proud to continue our relationship with Joby by gathering highly valuable aircraft safety and noise data that will contribute towards an aviation future that includes Advanced Air Mobility (AAM) operations. Data from industry leaders like Joby is critical for NASA’s research activities and future standardization of emerging aircraft configurations.”

Said JoeBen Bevirt, Founder and CEO of Joby Aviation, “From day one, we prioritized building an aircraft that not only has an extremely low noise profile, but blends seamlessly into the natural environment. We have always believed that a minimal acoustic footprint is key to making aviation a convenient part of everyday movement without compromising quality of life, and we’re excited to fly with NASA, our long-time partners in electric flight, to demonstrate the acoustic profile of our aircraft.”

Why it’s important: The beginning of flight tests signals that NASA’s Advanced Air Mobility campaign is moving forward as planned several years ago. Along the way, NASA has worked closely with Joby and other eVTOL companies to prepare them for these tests. Joby has already designed its aircraft with ultra-low noise emissions, and through the campaign’s flight tests, the company will get a chance to officialize and publicize the degree to which their electric air taxis can blend into urban background noise.

Joby Aviation, an upcoming leader in the world of electric aerial mobility, has successfully completed a 150-mile continuous flight on a single charge.

The flight was completed at Joby’s Electric Flight Base in Big Sur, CA earlier this month as part of the company’s ongoing flight test campaign. The aircraft, piloted from the ground by Joby’s Chief Test Pilot, Justin Paines, took off vertically before transitioning to forward flight.

The 154-mile flight, which took place over 11 laps of a predefined circuit, took 1 hour and 17 minutes to complete, setting a record for the world’s longest eVTOL test flight. Even more notably, the flight was performed with the company’s full-sized prototype, meaning that the aircraft that completed this flight will eventually be the same aircraft utilized by fare-paying passengers.

Founder and CEO JoeBen Bevirt commented, “We’ve achieved something that many thought impossible with today’s battery technology. By doing so we’ve taken the first step towards making convenient, emissions-free air travel between places like San Francisco and Lake Tahoe, Houston and Austin, or Los Angeles and San Diego an everyday reality.”

Additionally, as Joby gears up its aircraft, it is also preparing for its full entry into commercial service as an official air transport provider. The company has recently begun the Part FAA Part 135 air carrier certification process, entering the first stage by submitting airline operating manuals. Once that documentation is approved, the FAA will visit Joby locations to observe training sessions and witness flight operations before issuing its final approval.

Achieving the Part 135 certification, which Joby expects to do by 2022, will legally allow Joby to operate its new aircraft as air taxi in communities and cities throughout the United States. Alongside a Type Certificate and Production Certificate, this is one of three regulatory approvals critical to the planned launch of Joby’s all-electric aerial ridesharing service in 2024.

Why it’s important: As 2021 progresses, top companies like Joby are taking greater and greater strides towards commercial certification and passenger operations launch. Many companies, including Joby, predict that their aircraft will enter commercial service by 2024, and, according to Joby, they are on track to meet that deadline. Other companies to watch for taking these steps include Vertical Aerospace, Beta Technologies, Wisk, Volocopter, Lilium, and EHang.

Source // Joby Aviation

Related:

• Joby’s New Board of Directors and SPAC Offering Details
• Joby Aviation Announces Infrastructure Partnership With Largest Mobility Hub Operator in North America
• Joby Aviation Acquires Uber Elevate, Receives Airworthiness Approval from U.S Military

Joby Aero announced on July 23rd the composition of its Board of Directors in anticipation of the company’s merger with Reinvent Technology Partners, a special purpose acquisition company that is reported to take a “venture capital at scale” approach to partnering with bold leaders and companies. Upon the closing of the transaction, the combined company will trade as JOBY on the NYSE. In conjunction with the transaction, notable members were also named to the board, including Reid Hoffman, LinkedIn Co-Founder and the Co-Lead Director of Reinvent Technology Partners (RTP). Hoffman currently sits on the boards of companies such as Microsoft and Aurora. 

Next, Halimah DeLaine Prado, General Counsel, Google. Halimah has spent 15 years at Google, working on some of the most complex and important legal issues of the digital age, including a variety of projects at Google X. Prior to her current position, Halimah was a Vice President of Legal, managing a global team providing counsel across Google’s products, including Ads, Search, Cloud, Hardware, Platforms & Ecosystems, and YouTube.

Finally, Laura Wright, former CFO, Southwest Airlines, is reported to be joining the board. Laura has significant experience managing airline finances and operations, having helped to establish Southwest as one of the top US airlines across a 25 year tenure at the company. Her experience of leading an airline through a period of high growth will be particularly relevant to Joby as it seeks to establish and rapidly grow an aerial ridesharing service beginning in 2024.

Commenting on the recent appointments, JoeBen Bevirt, Founder and CEO of Joby, said, “We are incredibly humbled to have been able to assemble such a remarkable and diverse group of world-class leaders to guide and support Joby as we plan to enter the public market.”

Earlier this week, RTP announced that an Extraordinary General Meeting of Shareholders has been scheduled for August 5, 2021 to vote on the approval and adoption of RTP’s business combination with Joby.

Why it’s important: Joby Aviation is adding lauded members of a variety of companies to their Board of Directors, enabling the company to continue their growth and expansion plans to deploy on demand aerial mobility services by 2024 at scale.

Joby Aviation (“Joby”), a California-based company developing all-electric aircraft for commercial passenger service, announced it has partnered with REEF Technology (“REEF”) and Neighborhood Property Group (“NPG”) to develop takeoff and landing sites for its aerial ridesharing service, launching in 2024.

REEF is the country’s largest parking garage operator focused on transforming these underutilized assets into multi-use mobility hubs. REEF’s assets include more than 5,000 sites across North America and Europe and reach more than 70 percent of the American public.

NPG is a real estate acquisition company affiliated with REEF for the targeted acquisition of mobility hubs across the United States.

Joby Aviation’s Prototype S4 aircraft. Image // Joby

Through the partnership, Joby gains access to an unparalleled range of rooftop locations across all key metropolitan areas in the US, as well as a mechanism to fund the acquisition and development of new skyport sites. The companies will focus initially on Los Angeles, Miami, and the New York and San Francisco Bay Area metropolitan areas.

“This is a landmark deal on Joby’s path to building a transformational ridesharing service in our skies,” said JoeBen Bevirt, founder and CEO at Joby Aviation. “NPG and REEF have an unbeatable network of sites across the US and we’re excited to be working with them to identify sites that will become the backbone of our future service.

“Parking structures are ideal locations for us as they allow us to deliver our customers as close to their destination as possible, while minimizing any local impact and reducing the need for building new infrastructure.”

Philippe Saint-Just, co-founder of REEF, said: “With our focus on transforming urban spaces into community hubs that enable the future of mobility, aerial ridesharing is a compelling opportunity for us to decarbonize travel and make better use of structures such as parking garages. 

A conceptualization of a vertiport that would be constructed as part of the new agreement.

Under the agreement, Joby will enjoy a period of exclusivity during which it can secure long-term rooftop leases on skyport sites within NPG and REEF’s network of parking garages.

Joby intends to offer a passenger service, accessible via an app, that offers riders a faster, emissions-free way to move distances of 5-150 miles in congested metropolitan areas at an accessible price point.

In December 2020, Joby announced the acquisition of Uber Elevate, integrating the team’s data, modeling, and insight into site selection.

As part of the deal, Uber and Joby also agreed to integrate their services into each other’s apps, helping to create a seamless customer experience where an Uber car would bring riders to a skyport just in time for their flight and, if necessary, another car would complete the journey to their final destination.

In addition to working with NPG and REEF to identify parking structure locations, Joby’s aerial ridesharing network will tap into more than 5,000 existing heliports and regional airports across the US.

Related: In February, Joby announced it had entered into a business combination agreement with Reinvent Technology Partners, a special purpose acquisition company, which will see the combined company listed on the New York Stock Exchange. The transaction will provide Joby with approximately $1.6 billion in gross proceeds and will see the combined company valued at $6.6 billion post-money equity value.

Why it’s important: With an aircraft that is expected to be more than 100 times quieter than a conventional helicopter, Joby sees a significant opportunity to capitalize on underutilized parking garages as vertical takeoff and landing sites. Garages are particularly well-suited to hosting skyports, as they are typically located near popular destinations, have adequate space to host customers, flight operations, and aircraft charging. Additionally, they do not require structural reinforcement to support air taxi services, and provide obstruction-free approach and departure paths that minimize noise to the surrounding community.

Source // Joby Press release

JoeBen Bevirt, Founder and CEO of Joby Aviation, and Roei Ganzarski, CEO of magniX and Executive Chairman of Eviation, will serve as co-chairs of the Electric Propulsion and Innovation Committee (EPIC). The committee works to create an environment conducive to efficient design, production, operation and maintenance of hybrid and electric propulsion aircraft, including eVTOLs. This will be Bevirt and Ganzarski’s first time serving on the Executive Committee. Bevirt has been a member of the GAMA Board of Directors since 2018 and Ganzarski has been a member since 2019.

Joby Aviation’s latest eVTOL. Credit // Joby

The General Aviation Manufacturers Association (GAMA) exists to “foster and advance the general welfare, safety, interests, and activities of the global business and general aviation industry.” This includes promoting a better understanding of general aviation manufacturing, maintenance, repair, and overhaul and the important role these industry segments play in economic growth and opportunity, and in serving the critical transportation needs of communities, companies, and individuals worldwide. The Executive Committee is comprised of members of GAMA’s Board of Directors, who provide strategic leadership for the association and lead its policy committees. The additions to the GAMA Executive Committee were elected by the Board of Directors during its Winter Board Meeting.

Santa Cruz-based company Joby Aviation has raised $910 million and aims to have an electric vertical take-off and landing air taxi service operating by 2024. In late February, Joby announced it will list its shares on the New York Stock Exchange in a business combination deal with Reinvent Technology Partners, a special purpose acquisition company (SPAC). Joby is backed by Toyota and Uber Technologies.

Related: Joby Aviation Releases First Footage of Air Taxi Prototype in FlightMeanwhile, Ganzarksi is also executive chairman of electric airplane maker Eviation, whose new regional all-electric airplanes will be powered by MagniX motors. Eviation is setting up a new assembly facility in Arlington, according to the Puget Sound Business Journal. Both MagniX and Eviation are part of Clermont Group, owned by Singapore-based billionaire Richard Chandler.

Why it’s important: GAMA has a widespread, global reach with members throughout the world, including in the United States, Australia, Brazil, Canada, China, Europe, and the Middle East. Its members also are world-renowned for their ability to efficiently operate repair stations, fixed based operations, pilot and maintenance training facilities and manage fleets of aircraft. By initiating a relationship with firmly-established companies across the globe, Joby Aviation and magniX are well-situated to expand their products and services once they have been certified and are manufactured at scale for implementation in revenue-generating commercial services. Further, the addition of electric aviation-focused leaders to GAMA’s Executive Committee gives the aerial mobility industry a larger voice in its advancement and integration in to general aviation.

Sources // GAMA; Puget Sound Business Journal

This article, written by Dean Donovan, was originally published on Forbes. Shared on TransportUP with permission.

It’s official: Joby Aviation is buying Uber Elevate. The electric air taxi developer will integrate the Uber Elevate team into its core operation; Uber and Joby will expand their partnership to provide a seamless multi-modal experience and share data on how to provide the right services to customers; and Uber will invest $75 million into Joby, which is on top of its previously undisclosed $50 million investment in Joby’s Series C financing round in January 2020.

This move should support Joby’s strategy of both building a new type of electric aircraft almost entirely in-house as well as operating an airline. Elevate should also give Joby unparalleled competitive and ecosystem intelligence into some of its competitors given that Elevate had engaged Hyundai, Pipistrel, Jaunt Air Mobility, Bell, Signature Flight Support and Chargepoint, among others, as partners in the aerial ride-sharing network that Uber had planned on building. Most industry observers believe that Uber Elevate has built a high-quality group that provides access to arguably the most well-thought through network planning effort in the industry. This could provide benefits in market selection, scale-up and asset utilization of an airline.

Joby is taking a different approach than exists today in most mobility related industries. Over the last few decades, truck and airplane manufacturers have tended to decrease their level of vertical integration to improve capital efficiency and utilize specialized skills developed in the supply chain. Joby is not alone in this break with the recent past. Lilium has also announced plans to forward integrate into air taxi service. Volocopter, the German autonomous aviation company, has launched an air taxi service called Volocity and is aiming to begin operations in Singapore. At the same time, other players in the air mobility space like Jaunt Air Mobility and Bye Aerospace have opted for a leaner, less vertically integrated approach. Will one approach trump the other?

This isn’t going to be cheap

New aircraft programs cost a lot of money to move through certification. On the commercial side of the market, a new narrow-body aircraft could cost $10 billion to $15 billion and can take 10 years or more to bring to market. At the Revolution Aero conference earlier this month, Lee Human of Aerotec, a leading consultancy in this space, suggested that vertically integrated eVTOL (electric vertical takeoff and landing) programs would likely require $3 billion to move through certification alone.

Technological innovation creates certification timing and cost risk. eVTOL aircraft will have systems that look fundamentally different than most of today’s small aircraft including, eventually, the provision for autonomous operation. The Eclipse 500, a program that pushed the edge of the technological envelope to pioneer the very light jet (VLJ) category, has become emblematic of the risks of a technology forward approach. The program started in 1998 and only received certification in mid-2006 partially due to a requirement to re-engine the aircraft mid-stream. The first deliveries came in 2007, almost 9 years after the start of the program. The company ultimately ran out of capital due to cost overruns associated with the delays and the 2008 recession.

Setting up a scale commercial carrier will add another layer of capital needs on top of the certification costs of the aircraft. JetBlue raised $128 million to finance its start-up with two planes, and Volaris, now the largest low-cost carrier in Mexico, raised a similar amount to start with four aircraft. However, new commercial operators have the advantage of a well-developed leasing market that allows them to finance new aircraft at attractive prices. They can also slot right into the existing commercial aviation airport infrastructure with limited initial capital investment.

Starting an eVTOL-based air taxi service at a similar scale could cost much more. Given the relatively small capacity of these new eVTOL aircraft (typically four seats or less), to have the same seat capacity as JetBlue or Volaris on start-up one of these new operations might need 70 to 140 aircraft. At $1 million per aircraft that would be $70 million to $140 million in acquisition costs. Given the unknown lifecycle of these new aircraft, financing that via an affordable leasing program seems unlikely. Aircraft acquisition only represents a part of the total expense, which will include start-up expenses, inventory, route development and other overhead costs. In addition, these air taxi services will need to find new investment for charging infrastructure, terminal infrastructure, maintenance facilities etc. Growing the model would require even more capital for aircraft and for developing new routes, which can take 9-12 months to ramp to profitability in commercial aviation.

Put this all together and it may take $4 billion or more to fully develop a vertically integrated business in the UAM space. That business case will come with potentially high variability in terms of timing and cost that investors will need to plan around. Of course, the rewards of pioneering what Morgan Stanley predicts could become a $1.5 trillion market could make those risks more than worthwhile.

Historical Precedents: “We are the Uber of Aviation…”

Elevate ensured that the UAM space lives in a giant shadow cast by the analogy of Uber’s auto ride-sharing model. Uber took a cottage industry, the taxi business, professionalized and modernized it. Ride-sharing models utilized a contract workforce that knows how to drive and brings its own assets. It took the suboptimal taxi user experience and improved it dramatically, while simultaneously reducing the cost of service significantly through smart network management. Not surprisingly, these factors led to the rapid growth of demand and an asset-light business model. It was expensive to build out, but the operating leverage is less than a model that has to buy or finance the assets it took to operate.

Uber tried to build a similar on-demand model for the world of aviation, where it quickly became clear that regulation, labor relations and asset ownership conditions will create a different, less favorable business model.  Some companies have attempted ride-sharing style models in aviation and have run afoul of the FAA. Aviation requires a highly skilled workforce that tends to unionize and scales slowly. The low passenger to pilot ratio will create a pilot shortage if the UAM markets scale in a significant way.  These potential bottlenecks have led most competitors to set autonomous operation goals to enable scalability and manage costs. Carriers must buy their own assets or lease them, if financing is available, and take responsibility for their operations. As a result, vertically integrated UAM carriers will have asset intensive operations.

While it may seem a departure today, aviation and aerospace were vertically integrated in the era where airmail contracts guaranteed significant volume at set pricing. Boeing purchased aircraft engine maker Pratt & Whitney in 1929 and had started United Airlines before subsequently growing it via merger. The guaranteed volumes and pricing from airmail contracts limited Boeing’s exposure to the high levels of operating leverage this strategy created. In fact, those guarantees were so lucrative they led to scandal and eventually the Airmail Act of 1934. That law prohibited aircraft manufacturers from owning airlines and forced Boeing to divest United Airlines and to the spin-out of what eventually became United Technologies (including Pratt and Whitney). Although regional aviation receives some Federal money via the Essential Air Service program, these tend to serve poorer rural areas, not the premium services wealthy urban areas the UAM companies plan to target initially. Unlike Boeing in the 1930s, today’s vertical integrators will need to create their own stable, attractively priced demand to cover their operating leverage.

In contrast, Delta started as a company to solve a specific use case — the boll weevil infestation of the early 1920s. The company built aircraft for crop dusting and then built a crop-dusting aviation service to solve the problem. Designing a solution for a completely new use case feels analogous to the challenge that Lilium, Volocopter and Joby face today. Trying to solve the use case end-to-end via a tightly coordinated team could simplify the challenge. In addition, it is not clear that Lilium could find an air taxi airline customer for its UAM aircraft even if it wanted to do so. The carrier models that could buy and operate these aircraft simply don’t exist today, nor would most airlines feel comfortable operating this type of equipment on their own. To quote David Merrill, CEO of Elroy Air, who has considered building his own freight carrier in addition to the development of the company’s Chaparral autonomous cargo aircraft, “our commercial logistics customers understand the enormous value of our autonomous aircraft in expanding express middle-mile capacity, but many don’t want the added complexity of operating it in the early years.” (My firm DiamondStream Partners is an investor in Elroy Air.)

The Benefits And Risks Of Making An All-In Bet

Ultimately, aviation models usually depend on two things for success: directness of routing to save time, and cost to produce the service (of which the biggest driver is asset utilization). The Elevate team combined with the Uber Partnership, can help Joby significantly in both respects. Via its modeling efforts around UAM network optimization Elevate’s insights can help reduce costs by improving asset utilization of the carrier model. Its practical experience with Uber Copter into how to integrate ride-sharing networks into UAM services to create seamless multi-modal experiences should cut time off customer trips. Based on what we know about stimulation of aviation demand, those two value-adds should help grow the market significantly.

Set against those benefits, stand a few substantial risks. Unlike Boeing’s vertical integration strategy of the 1920s and 1930s, new UAM carriers will find it hard to predict volume early on. Cars represent a formidable competitor. They cost about 37 cents a passenger mile at average occupancy — probably a tenth or less of what UAM services will initially cost. Commuters are highly sensitive to transportation costs and a 22-mile commute each way might cost $130/week via car including parking. At $2/mile, which is the cost for an Uber ride-share today, the same commute would cost about $440/week. At $4/mile, a more realistic initial price for UAM services, it would cost closer to $880/week, although it could be lower in the case of someone who works remotely most days. In an environment where increasing numbers of people work from home and congestion eases, the time advantage of a multi-modal trip based on flights may also decline.

In addition, competition from new forms of fixed-wing aircraft could limit UAM volume, particularly in the early years before urban vertiport infrastructure build outs. Fixed-wing airplanes retrofitted with hybrid-electric propulsion systems should become available about the same time as eVTOL aircraft. These fixed-wing planes could transport passengers at lower cost than the initial eVTOL vehicles due to the greater efficiency of fixed-wing flight, the ability to use existing fueling infrastructure, and their larger number of seats.  These types of operations could also scale more easily due to the higher passenger to pilot ratio.  In commercial aviation, operators that fly smaller, less efficient aircraft often find themselves in the role of developing routes for operators with lower cost, higher capacity planes.

A third concern involves unionization. Given the scale of operations that UAM businesses plan to develop, this industry will most likely have unions that look more like the unions in the regional aviation or the commercial aviation industry than the less unionized charter industry. Pilots unions tend to negotiate contracts that increase the operating leverage of today’s commercial airlines, although some low-cost carriers have variable pay union contracts. As the demand for pilots from electric aviation growth increases, pilot shortages could give unions increased leverage over these businesses. More importantly for the vertical integrators, the unions will probably express reservations about the pace and safety of the transition to autonomous flight technology that the UAM companies will depend on to push costs down and stimulate demand.

Finally, this strategy could create some channel conflict between the vertical integration plays and pure play carriers. Uber Elevate comes complete with a valuable network of partners. Many of these, like the relationship with Signature Flight Support, should translate seamlessly into Joby’s vertically integrated model. However, why should the airframe partners want to support the network of one of their largest and best financed competitors? Even with a carrier strategy, none of the airframe companies with vertical integration plans will have the capital to roll-out these networks globally right away. It will just cost too much. If it is demand and not vehicles in short supply, non-affiliated airlines may choose to use vehicles from manufacturers that don’t compete in their core business.

Partnership strategies can help mitigate some of the risks from operating leverage and labor relations that vertical integration will create. Today, the major commercial carriers purchase capacity from the regional carriers instead of owning and operating those fleets. WheelsUp had a similar kind of operating arrangement with Gama in private charter. While these arrangements certainly have their advantages, the operating leverage will live somewhere in the vertically integrated system and the partners will probably not want to accept the operating leverage without some type of guaranteed volume contract.

Playing To Win

In the end, UAM represents an entirely new transportation model that requires new technology, infrastructure, systems and regulatory frameworks to deliver a cost-effective transport solution with direct connections and a good customer experience. Vertical integration strategies give Joby, Lilium, and Volocopter more control over the levers required to launch in the industry, which could give them, and by extension the entire industry, a better chance of large-scale customer adoptions. However, this strategy also comes with far greater capital requirements, the daunting task of becoming the best at multiple steps of the value chain, and the prospect of channel conflict that slows scaling in their non-priority markets.

The Lilium, Joby, and Volocopter carrier strategies suggest they believe proprietary volume will ramp up quickly. These companies face a chicken and egg problem: To stimulate demand they need the scale, but to pay for the capital required to grow demand also requires scale. When demand is uncertain, playing to win by increasing operating leverage takes vision, courage and deep pockets.

After recently coming out of stealth mode, Santa-Cruz based Joby Aviation has purchased Uber Elevate (Uber’s air taxi hailing initiative), and received airworthiness certification from the U.S military, all in just one week of announcements.

Joby Aviation’s full-scale production-ready prototype in flight

For years, Joby Aviation existed on the eVTOL market, but little news was released on the eVTOL aircraft and its creator company. Then in January of this year, Joby announced $590 million in funding, partly from Toyota Corp. Now, the company has raised almost $1 Billion, and has made industry history by becoming the first company to receive air worthiness certification from the U.S military. Although the air worthiness certificate from the military is not certification to carry civilians or cargo commercially, it gives a significant stamp of safety approval on the aircraft, and may fast track its journey to certification by the FAA. With this certificate, the Joby Aviation eVTOL can now provide transportation of both personal and cargo for the U.S armed forces. This will give Joby the opportunity to further prove the safety and functionality of its electric aircraft, and make any necessary improvements before receiving FAA certification. The certification was mainly pushed by Agility Prime, a branch of the U.S air force that has been collaborating with partners in the eVTOL industry to help enable this new flight technology for the United States both for commercial and military applications.

In a landslide move, Joby Aviation has also acquired Uber Elevate, which is Uber’s initiative to make a network of on-demand air taxi transportation in major cities throughout the globe. Under the terms of the agreement, Uber as a company will remain a part of the partnership and the final overall product. What has been transferred to Joby is the groundwork Uber has laid to create air taxi networks in cities like Melbourne in Australia, and Dallas and Los Angeles in the United States. The end product will integrate both Uber’s ground transportation app and Joby’s air transportation app to provide a seamless travel experience for passengers. To grow this partnership, Uber has invested an additional $75 million in Joby Aviation, as well as a previously undisclosed $50 million made in January.

Why it’s important: While Joby Aviation remained secretive for much of its existence, the company is now leading the market for eVTOL aircraft in the United States. Uber Elevate was the world’s largest focused effort to make eVTOL available commercially, bringing together stakeholders in local and state governments, and real estate and technology companies around the world. With these resources now available to Joby, its path to market will be significantly expedited. Additionally, airworthiness certification from the U.S military will give Joby access to both direct and indirect funding, allow it to even more greatly prove safety during service for military operations, and help it bridge the gap into FAA certification for commercial operations. With these moves, Joby places itself at the front of the market for eVTOL within the U.S, and among the top companies in the world globally.

Joby Aviation, a budding eVTOL air taxi designer and manufacturer partially backed by Toyota, has begun work on its manufacturing facilities in Marina, California. In the latest news, Joby has begun leasing and renovating several hangars at the Marina Municipal Airport. According to Joby spokesperson Mojgan Khalili, the new facilities will be used to “support the development and manufacturing of our electric aircraft.” Eventually, the Joby space at Marina Airport may occupy as much as 30 acres.

The latest rendering of Joby Aircraft’s Air Taxi // Joby Aviation

Joby recently announced a notable Series C fundraising sum of over $720M with collaboration from investors like Toyota Motors and JIMCO, a major middle-eastern investment company. Joby is based in Northern California near its upcoming facilities in Marina, and only recently came out of ‘stealth mode’ with images of its latest prototype. Joby also recently announced its partnership with Uber Elevate to bring its world-wide electric urban air taxi vision to life.

Joby currently occupies three hangars at Marina taking up 30,000 square feet each, with plans to build an ‘aviation tent’ outside these facilities taking an additional 55,000 square feet. Architectural plans for the final aircraft manufacturing facility are already under review, which will take up 580,000 square feet total.

Although Joby has yet to say what specific activities will take place at the initial hangers and aviation tent, Joby’s intent is to establish a strong presence in the Marina community, bringing a wide variety of new air taxi related jobs to the area. According to posts from the city of Marina’s website, Joby is “already making a big impact on Marina with new jobs, improved airport facilities and new high tech interest in the community.” Joby has already employed 20 people full time in the Marina facility, and on some days, 40 people.

Why it’s important: Joby’s recent entrance into the field of highly funded air taxi companies further establishes the future of eVTOL. The impending reality of the air taxi industry is becoming very clear as Joby gears up to mass produce its aircraft.

Source // Monterey Herald