Joby Aviation reported significant progress toward commercial passenger service, successfully completing four of five required stages. The company plans to begin carrying passengers by late 2024 or early 2025. In addition to electric air taxis designed for efficient travel, Joby has expanded its operations internationally, participating in Korea's air taxi developments. Financially, Joby reported over $1 billion in new funding and expects substantial investments from Toyota, enhancing its position in the competitive aviation landscape.
"Joby has made record progress on the fourth of five stages required for commercial passenger service, expecting to carry its first passengers soon."
"The sector-leading progress we made throughout 2024 puts Joby in a great position to capitalize on the opportunities..."
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