Joby Aviation, Inc. is a transportation company based in California, focused on developing and operating all-electric, vertical take-off and landing (eVTOL) aircraft for aerial ridesharing services. The company aims to provide a clean, quiet, and efficient alternative to traditional ground-based transportation, addressing urban congestion and climate change challenges. Joby sells flight services, which include customer-directed flights and on-base operations for various Department of Defense (DOD) agencies.
- Flight Services - Offers customer-directed flights and on-base operations for various Department of Defense (DOD) agencies, providing a sustainable and efficient alternative to traditional transportation methods.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
JoeBen Bevirt ExecutiveBoard | CEO, Chief Architect, Board Member | None | Founder of Joby Aviation (2009), leads innovation in eVTOL aircraft; temporarily acting as principal financial officer following CFO resignation. | View Report → |
Paul Sciarra ExecutiveBoard | Executive Chairman, Board Member | None | First outside investor in Joby; joined in 2016; instrumental in strategic direction and product development. | |
Bonny Simi Executive | President of Operations | Lead Director at Pebblebrook Hotel Trust; Member of US Olympic & Paralympic Committee. | Joined Joby in 2020; oversees operations; extensive aviation and leadership experience. | |
Didier Papadopoulos Executive | President of Aircraft OEM | None | Joined Joby in 2021; oversees aircraft development and manufacturing; previously VP at Garmin. | |
Eric Allison Executive | Chief Product Officer | None | Joined Joby in 2021; previously Head of Uber Elevate; leads product development, including ElevateOS. | |
Greg Bowles Executive | Head of Government and Regulatory Affairs | Advisory Board Member at Embry-Riddle College of Aviation. | Joined Joby in 2019; oversees regulatory and government affairs; extensive experience in aviation policy. | |
Kate DeHoff Executive | General Counsel and Corporate Secretary | None | Joined Joby in 2021; oversees legal, ethics, and compliance functions; previously Legal Director at Uber Elevate. | |
Sergei Novikov Executive | Acting Principal Accounting Officer and Treasurer | None | Joined Joby in 2021 as Controller; promoted to acting Principal Accounting Officer and Treasurer in December 2024. | |
Aicha Evans Board | Board Member | CEO of Zoox; Board Member at SAP SE. | CEO of Zoox since 2019; joined Joby’s board in 2020; extensive experience in autonomous systems and technology. | |
Dipender Saluja Board | Board Member | Managing Director at Capricorn Investment Group; Board Member at QuantumScape, Navitas. | Joined Joby’s board in 2016; extensive experience in investment and cleantech sectors. | |
Halimah DeLaine Prado Board | Board Member | General Counsel at Google LLC. | Joined Joby’s board in 2021; extensive legal experience, currently General Counsel at Google. | |
Laura Wright Board | Board Member | Board Member at CMS Energy, TE Connectivity, Spirit AeroSystems. | Former CFO of Southwest Airlines; joined Joby’s board in 2021; Chair of Audit Committee. | |
Michael Huerta Board | Board Member | Board Member at Delta Air Lines and Verra Mobility; Consultant in transportation/aviation. | Former FAA Administrator (2013-2018); joined Joby’s board in 2023 to support FAA certification efforts. | |
Reid Hoffman Board | Board Member | Board Member at Microsoft, Aurora Innovation; Partner at Greylock; Board Member at OpenAI. | Co-founder of LinkedIn; joined Joby’s board in 2021; extensive experience in technology and venture capital. | |
Tetsuo Ogawa Board | Board Member | President & CEO of Toyota Motor North America; Operating Officer at Toyota Motor Corporation. | Joined Joby’s board in 2023 as Toyota’s designee; extensive experience in manufacturing and operations. |
- With the recent capital raise, can you provide specific guidance on how much capital runway you have now and how it aligns with your timeline to reach commercial operations?
- Are your current prototypes demonstrating the required range and performance for operational missions of 20 to 30 miles, and what steps are you taking to address any performance gaps?
- Can you provide more clarity on the expected completion date for all certification steps, and what are the main risks that could cause delays in obtaining necessary approvals?
- Is there a possibility that the launch of your service in Dubai could slip into 2026, and how would such a delay impact your strategic plans and financial projections?
- Can you disclose the specific conditions attached to the second tranche of the Toyota investment, and what are the risks if the manufacturing strategic alliance does not proceed as planned?
Research analysts who have asked questions during Joby Aviation earnings calls.
Amit Dayal
H.C. Wainwright & Co., LLC
4 questions for JOBY
Austin Moeller
Canaccord Genuity
4 questions for JOBY
David Zazula
Barclays
3 questions for JOBY
Savanthi Syth
Raymond James
3 questions for JOBY
Andres Sheppard-Slinger
Cantor Fitzgerald
2 questions for JOBY
Kristine Liwag
Morgan Stanley
2 questions for JOBY
Mahima Kakani
JPMorgan Chase & Co.
2 questions for JOBY
Andres Sheppard
Cantor Fitzgerald
1 question for JOBY
Bill Peterson
JPMorgan Chase & Co.
1 question for JOBY
Chris Pierce
Needham & Company
1 question for JOBY
Christopher Pierce
Needham & Company
1 question for JOBY
Edison U
Deutsche Bank
1 question for JOBY
Edison Yu
Deutsche Bank
1 question for JOBY
Savi Syth
Raymond James
1 question for JOBY
William Peterson
JPMorgan Chase & Co.
1 question for JOBY
Xin Yu
Deutsche Bank
1 question for JOBY
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Xwing, Inc. (Autonomy Division) | 2024 | Deal value: Paid entirely in Joby shares, including 1,944,990 shares valued at $9.5 million and an additional 1,375,245 shares as Holdback Equity (valued at $8.7 million) subject to a 12‑month lock-up. Strategic rationale: Enhances Joby’s autonomous aviation capabilities to support both near‑term piloted and future fully autonomous operations, notably fulfilling U.S. Department of Defense contracts. Assets acquired: Developed technology, contractual assets, fixed assets (including aircraft and equipment), goodwill, current assets, and expertise in vision systems, sensor fusion, decision-making, and AI integration. |
Aerospace Software Engineering Company | 2022 | Deal value: Total consideration of $7.2 million in cash with additional payments including 790,592 RSUs valued at approximately $4.5 million and a $2.2 million retention for possible indemnity claims. Strategic rationale: Intended to scale Joby’s software certification efforts and boost regulatory compliance capabilities. Assets acquired: Intangible assets (customer relationships and developed technology), goodwill reflecting workforce synergy, current assets, fixed assets, and contingent liabilities with RSUs vesting based on continued employment. |
Aerospace Composite Manufacturing Company | 2022 | Deal value: A total of $1.6 million, comprising $1.5 million in cash and RSUs valued at $0.1 million. Strategic rationale: Aims to strengthen manufacturing capabilities in aerospace composites. Assets acquired: Allocated to favorable lease assets, acquired machinery and equipment, and current assets/liabilities; deal accounted for as a business combination under ASC 805. |
Recent press releases and 8-K filings for JOBY.
- Joby Aviation, Inc. entered into an underwriting agreement with Morgan Stanley & Co. LLC on October 7, 2025, for an underwritten public offering of 30,500,000 shares of common stock at $16.85 per share.
- The company also granted an option to purchase up to 4,575,000 additional shares.
- The estimated net proceeds from the offering are approximately $500.5 million, which the company intends to use for certification and manufacturing efforts, preparing for commercial operations, and for general working capital and other general corporate purposes.
- The shares are expected to be delivered on October 9, 2025.
- Joby Aviation, Inc. (JOBY) announced the pricing of an underwritten offering of 30,500,000 shares of common stock at $16.85 per share.
- The offering is expected to result in gross proceeds of approximately $513.9 million.
- The company has granted the underwriter a 30-day option to purchase up to an additional 4,575,000 shares of common stock.
- Joby intends to use the net proceeds to fund its certification and manufacturing efforts, prepare for commercial operations, and for general working capital.
- The offering is expected to close on October 9, 2025.
- Joby Aviation is pursuing a $500 million common stock offering to strengthen its financial position and advance the development of its eVTOL air taxi.
- Following the announcement, shares declined by 5%, reflecting investor concerns about dilution and the company’s current financial struggles, including an extremely negative net margin of -813,505.1%.
- Despite a strong Altman Z-Score of 24.03, the company shows poor operational performance with a Piotroski F-Score of 1 and significant insider selling totaling 2,330,881 shares over the past three months.
- The company's revenue is primarily generated from flight services provided to the U.S. Department of Defense.
- Joby Aviation announced an underwritten offering of $500.0 million of its common stock.
- The company expects to grant the underwriter a 30-day option to purchase up to an additional $75.0 million of common stock.
- The net proceeds from the offering are intended to fund certification and manufacturing efforts, prepare for commercial operations, and for general working capital.
- Morgan Stanley is acting as the book-running manager for the proposed offering.
- Joby Aviation and ANA Holdings successfully conducted a public flight demonstration of Joby's all-electric air taxi at Expo 2025 Osaka, Kansai, Japan, marking a global first for a world expo.
- This demonstration initiates the next phase of developing a national air taxi ecosystem in Japan, with plans for over 20 flights over 13 days at the Expo.
- The partnership aims for a phased rollout of air taxi services starting in Tokyo, which will include establishing vertiports, pilot training, and aircraft maintenance support.
- Joby Aviation has partnered with the Ras Al Khaimah Transport Authority (RAKTA) and Skyports Infrastructure to launch a passenger air taxi service network in Ras Al Khaimah (RAK) by 2027.
- This collaboration aims to establish an inter-emirate corridor connecting Dubai and Ras Al Khaimah, with the first vertiport planned for Al Marjan Island.
- The service will utilize Joby's all-electric vertical takeoff and landing (eVTOL) aircraft, designed to carry a pilot and up to four passengers, significantly reducing travel times, such as a trip from Dubai International Airport to Al Marjan Island to less than 15 minutes.
- This partnership builds on Joby's ongoing progress towards launching its first passenger service in Dubai in 2026.
- Joby Aviation plans to participate in the White House eVTOL Integration Pilot Program (eIPP), which aims to allow mature eVTOL aircraft to begin operations in select markets ahead of full FAA certification.
- The company has demonstrated operational readiness with over 40,000 miles of flight testing across its fleet, including nearly 600 flights in 2025, and recently completed its first piloted flight between two public airports.
- Joby is in the fourth of five stages of the FAA Type Certification process and expects to fly its first of five FAA-conforming aircraft this year, with flight testing alongside FAA pilots beginning in early 2026.
- Joby is scaling its production capacity, planning to double it to up to 24 aircraft per year at its Marina, California facility, and is ramping up manufacturing facilities in Dayton, Ohio.
- Joby Aviation successfully completed a landmark U.S. defense exercise (REFORPAC 2025), demonstrating its Superpilot autonomous flight technology.
- During the exercise, Superpilot logged over 7,000 miles of autonomous operations and more than 40 flight hours, showcasing its dual-use potential for both defense and commercial markets.
- This successful demonstration positions Joby to compete for future Department of Defense programs, with the DoD requesting $9.4 billion in its FY26 budget for autonomous and hybrid aircraft.
- Joby acquired the autonomy division of Xwing, Inc., including Superpilot, in June 2024 to accelerate autonomous flight technology development.
- Joby Aviation successfully completed the first piloted eVTOL air taxi flight between two U.S. public airports, Marina (OAR) and Monterey (MRY), in FAA-controlled airspace on August 15, 2025.
- This achievement is a major step for Joby's commercial market readiness, demonstrating the aircraft's ability to integrate into the broader transportation network and controlled airspace.
- The flight covered approximately 10 nautical miles in 12 minutes, including a 5-minute hold pattern for air traffic spacing.
- Joby plans to begin flight testing with FAA pilots in early 2026 and aims to launch commercial service in Los Angeles and New York City following certification.
- Joby Aviation reported a wider than expected loss for Q2, causing shares to fall.
- The airframe for the company's first aircraft, intended for FAA certification flights, has completed structural testing and is moving into final assembly.
- Joby anticipates beginning FAA TIA flights early next year, which are the final step in the certification process, with potential certification by mid-2026.
- The company sees opportunities to potentially launch U.S. commercial operations earlier, possibly within the next year, due to support from the U.S. administration, DOT, and FAA.