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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.
| 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?
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 developments and announcements about JOBY.
Earnings
New Earnings (Q4 2024)
·Mar 7, 2025, 1:01 AMView full earnings summary →JOBY’s Q4 shows record FAA certification progress and aims for Type Inspection Authorization flight testing within 12 months—final step before type certification. Production reached 1 aircraft/month, while its 8-year DoD partnership positions JOBY for strong defense revenue potential.