Results for: joby aviation
Joby Aviation Releases First Footage of Air Taxi Prototype in Flight
Historically, Joby Aviation had been quietly ramping up production and initial flight tests of its air taxi eVTOL prototype, until today. The company released this week a pair of videos showcasing their prototype during a flight test. Notably, the video highlights the prototype’s ability to take off, transition to horizontal flight, and return for landing. The videos follows the recent...

Joby Aviation Releases First Footage of Air Taxi Prototype in Flight

Historically, Joby Aviation had been quietly ramping up production and initial flight tests of its air taxi eVTOL prototype, until today. The company released this week a pair of videos showcasing their prototype during a flight test. Notably, the video highlights the prototype’s ability to take off, transition to horizontal flight, and return for landing.
The videos follows the recent headlines made by Joby detailing a SPAC merger with Reinvent Technology Partners, valuing Joby at just over $5.7B USD. The merger also paves the path to listing Joby on the New York Stock Exchange.
The prototype, nearly 10 years in the making, is capable of transporting 5 individuals at speeds up to 200 mph a distance of 150 miles using existing battery technology. The eVTOL aircraft uses six large tilting rotors to achieve vertical lift and horizontal winged cruise as demonstrated in the videos.
Perhaps most incredible is the aircraft’s noise footprint, where during liftoff in the video, Joby CEO and Founder JoeBen Bevirt continue on with a normal speaking volume. In the video, Bevirt states the merger with Reinvent Technology Partners will open a path for Joby to becoming a publicly traded company and will give it the resources needed to focus on certification efforts and commercial entry to service by 2024.
“With the Reinvent team at our side, we are one step closer to making this fantastic future real. We can’t wait to welcome you onboard,” stated Bevirt.
Why it matters: The aerial mobility space has seen a recent gold rush of investors, SPAC mergers, and investments by existing automotive and aerospace stakeholders. Joby Aviation is clearly leading among its competitors for its progress in its flight test campaign, fundraising, and certification efforts. The videos are the first of its kind from the company and demonstrate just how quiet the aerial mobility future will be. With plenty of capital and a robust talent base, expect Joby to be entering urban skies in the near term.
LinkedIn and Zynga Founders Close To Merging SPAC With Joby Aviation
LinkedIn founder Reid Hoffman and Zynga founder Mark Pincus are nearing a deal that would merge their blank check company with Joby Aviation, a move that would value Joby Aviation at $5.7 billion USD. Reinvent Technology Partners, Hoffman and Pincus’ special purpose acquisition company which recently raised $690 million USD in a public listing in 2020, is now finalizing financing...

LinkedIn and Zynga Founders Close To Merging SPAC With Joby Aviation

LinkedIn founder Reid Hoffman and Zynga founder Mark Pincus are nearing a deal that would merge their blank check company with Joby Aviation, a move that would value Joby Aviation at $5.7 billion USD. Reinvent Technology Partners, Hoffman and Pincus’ special purpose acquisition company which recently raised $690 million USD in a public listing in 2020, is now finalizing financing for this deal, and an official agreement could be released later this month. A successful merger would provide Joby Aviation with a listing on the New York Stock Exchange.
The success of this deal depends on when Reinvent Technology Partners can raise additional funding from institutional and private investors, according to a source for the Financial Times. The source continued that while close, the deal could still fall through if Hoffman and Pincus cannot obtain additional funding.
Founded in 2009, Joby Aviation is an aerial mobility company based in Santa Cruz, and has made waves recently with their acquisition of Uber Elevate in late 2020. Their prototype has currently undertaken more than 600 successful flights, received airworthiness certification from the U.S. military, and looks to obtain FAA certification by 2023 to begin commercial operations by 2024.
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. In addition, airworthiness certification from the U.S military gives 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, a strong indicator that this deal has high potential to go through.
Why it’s important: Joby Aviation has raised $803 million USD to date, and can be considered one of the top candidates to go public in 2021, along with German aviation startup Lilium. While the first to do so was Archer with their astonishing $3.8 billion USD public listing as well as a $1 billion USD deal with United Airlines, a successful merger with Reinvent may launch Joby Aviation back to the top.
Source // Financial Times
Joby Aviation Acquires Uber Elevate, Receives Airworthiness Approval from U.S Military
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. 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...

Joby Aviation Acquires Uber Elevate, Receives Airworthiness Approval from U.S Military

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 and Beta Technologies Welcome Flying Car Simulator to Springfield Airport
BETA Technologies and Joby Aviation are planning to hold a ceremony to commemorate the groundbreaking of an “advanced urban air mobility technology simulator” facility at Ohio’s Springfield-Beckley Municipal Airport. Designed by the two pioneering eVTOL startups themselves, the facility will accelerate the Air Force’s deepening exploration of the vehicles, a project called “Agility Prime.” Custom graphic from the launch event of...

Joby Aviation and Beta Technologies Welcome Flying Car Simulator to Springfield Airport

BETA Technologies and Joby Aviation are planning to hold a ceremony to commemorate the groundbreaking of an “advanced urban air mobility technology simulator” facility at Ohio’s Springfield-Beckley Municipal Airport. Designed by the two pioneering eVTOL startups themselves, the facility will accelerate the Air Force’s deepening exploration of the vehicles, a project called “Agility Prime.”
Custom graphic from the launch event of USAF’s Agility Prime Initiative. Credit // Agility Prime
In June of this year, Beta Technologies and Joby Aviation became the first developers of urban air mobility vehicles to progress to the third stage of the U.S. Air Force’s Agility Prime program. The Agility Prime program is the flagship eVTOL initiative of the United States Air Force, and is best described as an exchange of government resources with private companies for knowledge transfer, aerial demonstration flights, and potential acquisitions of various aerial mobility companies that elect to participate.
Air Force research into flying cars is taking root in the Dayton-Springfield area in a new way, with the groundbreaking set for Thursday at Springfield-Beckley Municipal Airport. Brig. Gen. Heather L. Pringle, commander of the Air Force Research Lab (AFRL), will be among the attendees at Thursday’s groundbreaking, as will Ohio Lt. Governor Jon Husted and JobsOhio President JP Nauseef.
“Agility Prime is an exciting opportunity for the Air Force to engage with industry and learn about the difficult task of developing electric air taxis,” AFRL commander Brig. Gen. Heather Pringle said in a coalition announcement. “It also paves the way for AFRL and the Ohio community to advance the science and better understand an innovative capability with both military and commercial benefits.”
The Air Force recently launched the $35 million program, seeking to create and speed a commercial market for advanced air mobility aircraft while creating a supply chain to support production of the cars, sometimes called “air taxis,” the Air Force Research Lab said in an announcement on the groundbreaking.
Related: In September, US Air Force Leaders Gathered for the First Agility Prime eVTOL Demo

The BETA Technologies’ ALIA-250c, a three-year project resulting in precise design and development of a new eVTOL prototype. Credit // Beta Technologies
Why it’s important: Over the years, Springfield has become increasingly important to Air Force research. Its airspace has also been approved for testing beyond visual line of sight (BVLOS) capabilities for unmanned aircraft or drones above the airport. As highlighted by AFRL Commander Pringle, the establishment of an air taxi simulator facility “paves the way for AFRL and the Ohio community to advance the science and better understand an innovative capability with both military and commercial benefits.”
Source // Dayton Daily News
Joby Aviation in Talks to Purchase Uber Elevate
Multiple sources are reporting the California-based eVTOL startup, Joby Aviation, is negotiating a potential buyout for Uber’s air taxi unit, Uber Elevate. This breaking news would significantly alter the landscape of aerial mobility as Uber, one of the early influencers in the space looks to sell off its stake. Uber has been well known for its white papers, market surveys,...

Joby Aviation in Talks to Purchase Uber Elevate

Multiple sources are reporting the California-based eVTOL startup, Joby Aviation, is negotiating a potential buyout for Uber’s air taxi unit, Uber Elevate. This breaking news would significantly alter the landscape of aerial mobility as Uber, one of the early influencers in the space looks to sell off its stake.
Uber has been well known for its white papers, market surveys, and partnerships with academic institutions and eVTOL manufacturers to begin planning its entry in the aerial mobility industry across a wide variety of fields such as: infrastructure, certification, air traffic control, and product development. The company also hosts the annual Elevate Summit which has forged lasting partnerships and buzz around the industry.
The company is likely selling off Uber Elevate in light of the ongoing COVID-19 pandemic. Uber reported nearly a $3B USD loss in Q2 of 2020 and Uber CEO, Dara Khosrowshahiwill, announced the company will be positioning itself to focus on profitability. Uber reported to Axios earlier this year of interest in offloading its Elevate unit, and recently Joby Aviation has been reported as the frontrunner for a potential deal.
Based in Santa Cruz, Joby Aviation has previously formed partnerships with Uber and has raised over $700M in investments from bluechip companies including Toyota, Intel, and JetBlue.
Spokespersons from both Uber and Joby have not provided public comments on the potential deal.
Why it matters: Joby’s potential acquisition of Uber Elevate would mark a significant turning point in the aerial mobility space. Throughout most of aerial mobility’s growth, Uber has been a vocal proponent of eVTOL technology. The company has advocated for critical industry partnerships, development of infrastructure, and the regulatory buy-in necessary in order to support the new industry. Joby Aviation has been quiet in recent media, but it is well-known that the company is quickly readying for commercial production. Additionally, Joby Aviation has had great success in attracting top-tier investors as well as a successful Series C round of funding. Expect to see more news as details of this acquisition become public.
Source // Axios
Joby Aviation Prepares for Manufacturing
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...

Joby Aviation Prepares for Manufacturing

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.
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
Joby Aviation to Build New Factory in California
Joby Aviation, backed by Uber, plans to build a large manufacturing facility in Marina, CA The flying car company recently opened a 30 day period for public comment and the release of environmental reviews surrounding its plans to develop a factory at the Marina Municipal Airport. The move could bring up to 600 tech jobs to the region and be...

Joby Aviation to Build New Factory in California

Joby Aviation, backed by Uber, plans to build a large manufacturing facility in Marina, CA
The flying car company recently opened a 30 day period for public comment and the release of environmental reviews surrounding its plans to develop a factory at the Marina Municipal Airport. The move could bring up to 600 tech jobs to the region and be one of the epicenters of Uber’s ambitious plans to begin commercialized air taxi services by 2023.
While Joby already has a presence on the airport, the announcement will significantly improve their manufacturing capabilities to produce their five-seat eVTOL vehicle at scale with a 580,000 sq ft factory in addition to their current hangers used for research and development.
Inside, the plant would allow for “manufacturing, composite fabrication, assemblage of aircraft, parts testing, and research and development,” according to environmental review documents.
The company has already listed several job posting related to the construction of the new factory and comments, “Joby is in the early stages of setting up facilities and equipment in Marina, California for the high rate production of our vehicle. We intend to mass produce our aircraft in multiple buildings and are putting together a team to design and engineer the industrial facilities from the ground up.”

Plans for Joby’s new factory at Marina Municipal Airport. Source: City Of Marina Draft Initial Study
“Joby Aviation is an exciting startup company that is blazing the path for the future air taxi industry,” Matt Mogensen, Marina assistant city manager, writes via email. “Joby’s desire to produce its unique VTOL vehicle right here in Marina will mean hundreds of new high-tech jobs. The city also has land for development opportunities for new facilities, resources, a welcoming community, educated workforce and quality new and existing neighborhoods for the workforce.”
If approved, the city of Marina would lease Joby the land to build its factory for $310,000 per year. If the company were to exercise all of its development options, its rent would increase to $681,800 per year by the end of the ten year agreement.
Why it matters: This announcement comes in the wake of Joby’s recent partnership with Uber and the record-breaking $394M financing deal by Toyota in its recent $590M C-series round of funding. The funding will support Joby’s growth in 2020 and beyond as it will expand its personnel and manufacturing capabilities to meet its goal of introducing air taxi services with Uber by 2023. Combined with a ten years of experience in research and development and the company’s strong partnerships, Joby has positioned itself for success in the growing aerial mobility industry.
Toyota-Backed Joby Aviation Raised $590 Million in Series C Funding
With ten years of research and development experience, Joby Aviation has become a leader in the development of eVTOL aircraft which combine elements of helicopters and small airplanes, offering benefits that include high reliability, zero emissions, fast flight speeds and quiet operations. The company is developing an aircraft that offers lower operating costs and lower costs of maintenance, while enhancing reliability...

Toyota-Backed Joby Aviation Raised $590 Million in Series C Funding

With ten years of research and development experience, Joby Aviation has become a leader in the development of eVTOL aircraft which combine elements of helicopters and small airplanes, offering benefits that include high reliability, zero emissions, fast flight speeds and quiet operations. The company is developing an aircraft that offers lower operating costs and lower costs of maintenance, while enhancing reliability and safety features.

Joby Aviation’s aircraft prototype
Related: Joby Aviation, Uber Air Partner to Launch Air Taxi Service by 2023
Joby Aviation’s aircraft is a piloted, five-seat vehicle capable of both vertical takeoff and landing and highly efficient, wingborne forward flight. It is capable of speeds of 200 miles per hour and can fly over 150 miles on a single charge. The aircraft is 100 times quieter than conventional aircraft during takeoff and landing, and near-silent when flying overhead. The passenger experience is optimized for comfortable ride-sharing operations and efficient entry and exit.
Joby just announced that it has closed its Series C funding round with a total of $590 million in financing. Toyota demonstrated its commitment to providing “Mobility for All” by contributing $394 million of the total. In addition to Toyota’s large investment in Joby, the transforming automotive manufacturer will share its expertise in manufacturing, quality and cost controls for the development and production of Joby Aviation’s breakthrough eVTOL aircraft. Joby’s design is well matched to serve the needs of an emerging air transportation market where commuters and travelers embrace the benefits of aviation on a daily basis within and between urban centers. More details of the prototype aircraft and production plans will be announced at a later date.
Joby Aviation founder and CEO JoeBen Bevirt said: “This collaboration with Toyota represents an unprecedented commitment of money and resources for us, and for this new industry, from one of the world’s leading automakers. Toyota is known globally for the quality and reliability of their products driven by meticulous attention to detail and manufacturing processes. I am excited to harness Toyota’s engineering and manufacturing prowess to drive us toward our dream of helping a billion people save an hour+ commuting time every day.”

Credit // Joby Aviation
“Air transportation has been a long-term goal for Toyota, and while we continue our work in the automobile business, this agreement sets our sights to the sky,” said Toyota President and CEO Akio Toyoda. “As we take up the challenge of air transportation together with Joby, an innovator in the emerging eVTOL space, we tap the potential to revolutionize future transportation and life. Through this new and exciting endeavor, we hope to deliver freedom of movement and enjoyment to customers everywhere, on land, and now, in the sky.”
Why it’s important: The collaboration between Joby and Toyota reflects Toyota’s recognition of the long-term potential of the urban air mobility market to meet the evolving needs of society, as well as Joby’s position as an industry leader in working to deliver safe and affordable air travel to everyone. Both companies believe that leveraging synergies with the automobile technologies as well as integrating best practices from the Toyota Production System will help facilitate the efficient mass production of these aircraft, while also helping Joby deliver high quality, durable and reliable aircraft, and meeting exacting safety standards.
Source // Joby Aviation
Joby Aviation, Uber Air Partner to Launch Air Taxi Service by 2023
Joby is the first company to commit to Uber’s 2023 launch of its air taxi service. Rideshare group Uber and electric vertical takeoff and landing (eVTOL) aircraft developer Joby Aviation have announced a partnership to launch urban air-taxi services in selected locations from 2023. California-based Joby Aviation has become the first of seven partner companies in Uber’s Elevate urban air...

Joby Aviation, Uber Air Partner to Launch Air Taxi Service by 2023

Joby is the first company to commit to Uber’s 2023 launch of its air taxi service.
Rideshare group Uber and electric vertical takeoff and landing (eVTOL) aircraft developer Joby Aviation have announced a partnership to launch urban air-taxi services in selected locations from 2023. California-based Joby Aviation has become the first of seven partner companies in Uber’s Elevate urban air mobility initiative to commit to a timetable for launching operations. The other companies are Bell, Boeing subsidiary Aurora Flight Sciences, Embraer, Pipistrel, Karem Aircraft, and Jaunt Air Mobility. Uber has named Dallas, Los Angeles, and Melbourne as prospective launch cities, but the logistics of deploying its air taxi fleet remain underdeveloped.
Related: Uber Provides Details on its Air Pilot Program in Melbourne
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A mockup of Joby Aviation’s S4 eVTOL aircraft prototype.
Joby is developing a four-seat eVTOL aircraft called the S4 and appears to have plans for a larger S5 model. The covert aircraft development team has mentioned a complete full-scale prototype of the S4, but otherwise has kept plans for certification and manufacturing expansion under wraps. The few publicized renderings show a plane-drone hybrid with 12 rotors and room in the cabin for four passengers, though a spokesperson previously cautioned that what Joby is working on now is “entirely new.” The company has yet to provide any recent photographs or images of its prototype aircraft; however, all public information about Joby’s developments are can be found in the TransportUP Hangar.
Joby is the brainchild of inventor JoeBen Bevirt, who started the company in 2009. The company operated in relative obscurity until 2018, when Joby announced it had raised a surprising $100 million from a variety of investors, including the venture capital arms of Intel, Toyota, and JetBlue. The money helped finance development of the company’s air taxi prototype, which has been conducting test flights at Joby’s private airfield in Northern California.
JoeBen Bevirt had the following to say about the partnership:
We’re excited to partner with Uber. By bringing our next-generation aircraft and urban flight operations to Uber’s on-demand ground mobility network, we aim to get people to their destinations five-times faster than driving, reduce urban congestion and accelerate the shift to sustainable modes of transit.

Photo // Joby Aviation
Why it’s important: While Uber has performed considerable research and development on its own eVTOL prototype for the future air taxi service, it will ultimately rely on the consistent manufacturing technologies of a specialized airframer to provide and maintain vehicles. The demands of operating a transportation service are far greater than would allow for a single company to simultaneously develop its own aviation technologies. Therefore, Joby Aviation is slated to fill this important role, and has committed to support the aggressive timetable of a 2023 launch.
Source // AINOnline; The Verge
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Joby Aviation

Quick Summary
Joby Aviation is a Santa Cruz, CA based company developing the Joby S4 eVTOL. The S4 has been kept predominantly under wraps from the public during the design phase, but recently announced plans for a new manufacturing facility to begin production of its vehicle. Joby's team is extremely experienced and has executed on numerous projects in the past that demanded a high degree of technical acuity, and the company is well-funded by Toyota and other investors.
Stage of Development
Preliminary Design
Technical Details
Aircraft Type: Winged VTOL
Powerplant: Distributed Electric Propulsion (DEP) System powered by lithium-nickel-cobalt-manganese-oxide batteries
Range: 150 miles
Top Speed: 200 mph
Propeller Configuration: Four (4) propellers tilt vertically including its entire motor nacelle, and two (2) of the propellers tilt vertically with a linkage mechanism
Passenger/Payload Capacity: 1 pilot and 4 passengers
Autonomy Level: Piloted
Dimensions: 35 ft wingspan, 24 ft length
Other Information:
- Safety assurance in excess of CS-23 cert requirements
- Unified flight control – extremely simple vehicle operations (SVO)
- 100 times quieter than a helicopter
- Weight: 4,000 lb
- Windows: Large windows for spectacular views for the passengers
- Fuselage: Composite
- Landing gear: Tricycle wheeled retractable landing gear.
- First flight: On February 1st, 2018, a prototype executed a 15 minute, 15 mile loop which included a piloted vertical takeoff
Our Take on Joby
Joby's small media presence seems to be by design - Joby's team has been working with maximum intensity on bringing the project to fruition and testing their full scale S4 prototype. The company has recently closed large funding rounds - which included investors such as Toyota, JetBlue Baillie Gifford - and is demonstrating strong momentum as it stands up its new manufacturing facility in California. Once the facility is operational, it's likely we will be seeing substantially more news from Joby as it begins testing and certifying vehicles.
References
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Joby Aviation Hosts $100 Million Dollar Funding Round
26 Feb 2018 || 1 min read Startup Air-Taxi company Joby Aviation has raised $100 million in funding from a number of investors including Toyota, JetBlue, and Intel during their latest Seed B fundraising round. This effort brings Joby to $130 million in total funding for their air-taxi project, which intends to fly 5 passengers as far as 150 miles...

Joby Aviation Hosts $100 Million Dollar Funding Round

26 Feb 2018 || 1 min read
Startup Air-Taxi company Joby Aviation has raised $100 million in funding from a number of investors including Toyota, JetBlue, and Intel during their latest Seed B fundraising round. This effort brings Joby to $130 million in total funding for their air-taxi project, which intends to fly 5 passengers as far as 150 miles on a single charge of their eVTOL, all while maintaining “ultra-quiet” noise levels. To date, Joby has kept many of its designs concealed from the public, and claims that their vehicle will be “absolutely all new”.
Related Links:
- Flying Magazine Article: https://www.flyingmag.com/air-taxi-startup-joby-aviation-raises-100-million
How Aerial Mobility will Merge with Private Aviation Management Infrastructure
Personal air transportation has traditionally been limited to private helicopters and private jets, but as electric aerial mobility becomes a reality, the private aviation industry begins the transition toward accommodation and management of electric aircraft. Because traditional methods of personal air travel such as helicopter and private jet charters are prohibitively expensive, personal travel by air has mainly remained a...

How Aerial Mobility will Merge with Private Aviation Management Infrastructure

Personal air transportation has traditionally been limited to private helicopters and private jets, but as electric aerial mobility becomes a reality, the private aviation industry begins the transition toward accommodation and management of electric aircraft.
Because traditional methods of personal air travel such as helicopter and private jet charters are prohibitively expensive, personal travel by air has mainly remained a luxury only for the wealthy. However, eVTOLs (electric vertical take-off and landing aircraft) will be both more affordable to both operate and maintain, making them far more accessible to the public than former options. As a result, these new flight operations will have much higher daily flight volumes than traditional charter, which will create the need for new types of fleet management systems.
Companies that currently manage these aircraft and their charter operations, such as JetEdge, Wing Aviation, FlexJet, and more recently BLADE Urban Air Mobility have a depth of experience in handling the massive task of optimizing fleet management. However, unlike ground transportation companies like Uber, due to their lower volumes and more fluctuating prices, a large proportion of these companies manually manage each chartered flight. This means that although members of their teams are experts in fleet management and optimization, there is no background software that manages charter request reception, quote issuance, and backend operation execution without substantial human intervention. eVTOL aerial mobility companies such as Lilium, Joby Aviation, and others seek to use software to make the air travel experience more similar to the ride-hailing ground transportation experience of today – a development that is crucial in wide spread commercial applications of aerial mobility.

An Uber demand heat map versus Flight Aware, a route and aircraft tracking system for both public and privately chartered aircraft
It will be interesting to observe moving forward which of these operator companies choose to branch out their expertise into this sector. Will companies like Joby or Lilium create their own fleet management systems from scratch? Or, will they pull simultaneously from ground ride-hailing companies like Uber as well traditional charter operators to create entirely new systems? So far, the latter seems to be the approach by highly successful Joby Aviation, which recently received an airworthiness certification from the USAF for its eVTOL, and acquired Uber Elevate during a similar time period.
Another question will be how traditional charter infrastructure organizations choose to integrate with aerial mobility infrastructure that is being built in major cities. Traditionally, private jet charter patrons have elected to receive ground transportation from an FBO (a private terminal at airports for private charters) to their final destination. However, as eVTOLs begin to get more popular, these charter patrons may soon rather travel by eVTOL to their final destinations rather than wait in traffic. Already, companies like Ross Aviation (an FBO company that has terminals at many major airports around the US), have partnered with BLADE Urban Air Mobility to begin planning eVTOL vertiport infrastructure at their respective FBOs. This indicates that both BLADE’s and Ross’s eventual intent is allow charter patrons to board eVTOLs directly from private jet charters. As the eVTOL industry grows, vertiports throughout major cities will become more prevalent, allowing these charter patrons to fly directly to their hotels, conferences, or business meeting locations without ever needing to step into a car.

A Ross Aviation terminal featured with a potential Vertiport design by Volocopter.
The decisions and responses to the challenges of fleet management will in turn end up transforming eVTOL travel into a common method of transportation used by people from all parts of society. As the world begins to move to a more eVTOL oriented future, companies both past, present, and future will begin to shape the infrastructure world that will enable eVTOL.
Why it’s important: Companies the world over are beginning to make decisions that will enable certain pathways toward the growing world of eVTOL. Experts from aircraft management, companies in ground transportation ride-hailing, and new eVTOL creators will likely combine their efforts to create the eVTOL oriented world of the the future. As the newer companies continue to grow, watching which decisions are made and which partnerships are formed will provide a clearer and clearer picture of the concrete logistics that will make eVTOL work.
Blade and Ross Aviation Announce Strategic Alliance
BLADE Urban Air Mobility and fixed base operator Ross Aviation have entered into a strategic partnership to further the roll-out of urban air mobility services in certain areas. These regions will include areas where Ross Aviation and Blade operations overlap. BLADE is a market leader in modern urban air mobility, having already created a large network of on-demand, by-the seat...

Blade and Ross Aviation Announce Strategic Alliance

BLADE Urban Air Mobility and fixed base operator Ross Aviation have entered into a strategic partnership to further the roll-out of urban air mobility services in certain areas. These regions will include areas where Ross Aviation and Blade operations overlap.

Passengers disembark a BLADE helicopter arriving in Manhattan
BLADE is a market leader in modern urban air mobility, having already created a large network of on-demand, by-the seat helicopter transportation options within many of the world’s major cities. By partnering with Ross Aviation, a nationwide operator of fixed base operation terminals at seventeen different airports, BLADE will launch a pilot program offering daily helicopter flights between Ross Aviation’s West Terminal at the Westchester County Airport and Blade heliport terminals in Manhattan to serve commuters from the Westchester/Connecticut area.
In addition, the two companies will create blueprints for an eVTOL vertiport located at the Westchester airport, as BLADE eventually plans to phase out its helicopter fleet in favor of eVTOL aircraft. The plans will include the infrastructure required to hangar, charge, stage and deploy eVTOLs.

Vision of an urban eVTOL Vertiport, created by Volocopter
According to Rob Wiesenthal, CEO of BLADE: “Even with the expected increase of remote working post-pandemic, we believe that intermittent commuting of one to two times per week between the suburbs and New York City will be a reality. Congestion on tri-state area roads is now estimated at 90% of pre-pandemic levels. Given the combination of being near Uber Black pricing at $175, and the time savings of an approximately 12-minute flight, this service makes sense today and over the long term.”

A passenger on a BLADE Urban Air Mobility flight
A recent press release detailed the companies’ plan to launch a pilot program offering daily helicopter flights between Ross Aviation’s West Terminal at the Westchester County Airport (the “Airport”) and Blade heliport terminals in Manhattan. “In 2019 alone, these commuters took more than 40 million trips commuting to and from New York City, the majority driving alone in a car for 1-2 hours in each direction.
Blade expects the five-day-per-week service to begin as early as March 2021, transforming that 1-2 hour drive into a 10-15 minute flight.” Blade also has plans to offer commuter passes in an effort to reduce the per seat cost to $95.
Why it’s important: The collaboration of these two companies represents the beginning of the transition from traditional urban travel to the advent of eVTOL. Through this partnership, BLADE will utilize Ross Aviation’s operator expertise to first introduce its helicopter fleet to commuting, and then eventually, its eVTOL fleet.
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EASA Merges VTOL and General Aviation Certification Departments
The following information was initially published by Aviation International News and can be found on AINOnline. According to a European Union Aviation Safety Agency spokesman, EASA has reorganized its certification directorate, merging the departments handling general aviation fixed-wing and vertical takeoff and landing (VTOL) aircraft, including drones. The news was reported in a recent publication by Aviation International News (AIN), and...

EASA Merges VTOL and General Aviation Certification Departments

The following information was initially published by Aviation International News and can be found on AINOnline.
According to a European Union Aviation Safety Agency spokesman, EASA has reorganized its certification directorate, merging the departments handling general aviation fixed-wing and vertical takeoff and landing (VTOL) aircraft, including drones. The news was reported in a recent publication by Aviation International News (AIN), and follows announcements made earlier in 2020 regarding the Agency’s progress toward a full set of certification standards that Europe will need to adopt for the commercial operation of air taxis.
The new department opened on January 1 and is being led by David Solar, who reports to EASA certification director Rachel Daeschler. Solar previously was in charge of the VTOL department, which includes helicopters.
“This will deal with all general aviation products [including business jets] and all VTOL, as well as the certification of eVTOL [aircraft] and of drones,” explained a spokesman to AIN. However, the directorate does not cover the regulation of operations and flight crew licensing for these categories of aircraft.
Examples of eVTOL aircraft the latest EASA standards will apply to: Vertical Aerospace Seraph (left), The Lilium Jet (middle), and the Volocopter Velocity (right).
The European Union Aviation Safety Agency said it now expects to publish the final version of its means of compliance for its new Special Condition VTOL type certification rules in early 2021. In 2019, EASA announced its initial plans to publish certification standards for electric and hybrid VTOL aircraft, aimed at those designed for urban environments such as Lilium, Volocopter, and Vertical Aerospace‘s eVTOLs. According to Aviation International News, EASA had deferred planned publication in December because it needed more time to take account of the large volume of industry comments it received to draft proposals published on May 25, 2020.
Related: EASA Releases Proposed Certification Standards for eVTOLs
On the subject, AIN also wrote that the final version of the means of compliance for a special condition for certifying hybrid and electric propulsion systems will be published in the early part of this year.
Why it’s important: EASA’s effort to normalize the certification process and regulations with regard to VTOL aircraft demonstrates an initiative that will expedite the integration of VTOL technologies into global transportation systems. The merging of departments also conveys promising news for manufacturers and future operators of VTOL aircraft fleets, which will likely lead to continued motivation for pursuing research and development in the growing industry. Additionally, this positive feedback has potential to positively influence investors’ willingness to fund current and prospective projects as the regulatory infrastructure develops.
Source // AINOnline
Joby, Volocopter And Lilium Are Making A Risky, Expensive Bet On Vertical Integration To Invent Urban Air Mobility
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...

Joby, Volocopter And Lilium Are Making A Risky, Expensive Bet On Vertical Integration To Invent Urban Air Mobility

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.
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