Joby Aviation, Inc. (NYSE:JOBY), a company developing electric
air taxis for commercial passenger service, today announced it has
formally applied for its revolutionary aircraft to be certified for
use in Australia.
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Joby’s all-electric aircraft in flight
above Marina, California, the company’s manufacturing and flight
test center. Joby Aviation Photo
Joby’s application to Australia’s Civil Aviation Safety
Authority (“CASA”) for the validation of an FAA (“Federal Aviation
Administration”) type certification builds on a bi-lateral
agreement between the U.S. regulator and CASA, and it lays the
groundwork for the introduction of quiet, emissions-free air taxis
in Australia.
“We’re incredibly excited about the potential for air taxis to
offer new and more sustainable ways to travel around Australia’s
global cities,” said JoeBen Bevirt, Founder and CEO of Joby. “With
commercial powered-lift operations already considered in CASA's
regulatory frameworks, we’re pleased to be working with Australian
authorities using a regulatory path to market that is actively
being pursued by numerous countries around the world.”
Joby’s electric air taxi is designed to carry a pilot and four
passengers at speeds of up to 200 mph, offering high-speed mobility
with a fraction of the noise produced by helicopters and zero
operating emissions.
To date, Joby has completed more than 33,000 miles of
all-electric flight with full-scale prototype aircraft and, in
November 2023, Joby became the first electric air taxi company to
fly in a major U.S. city, taking off from the Downtown Manhattan
Heliport in New York and demonstrating its aircraft’s quiet
acoustics for an audience including Mayor Eric Adams, who announced
the city's intention to electrify the heliport.
Type certification is a multi-year process which sees a company
undertake rigorous testing and documentation across each aircraft
system to prove the aircraft meets safety standards and is ready
for commercial operations. Joby was the first electric air taxi
developer to have its FAA certification basis published in the U.S.
Federal Register, and was also the first company to complete the
first, second and third of five stages of the FAA type
certification process required for commercial service.
Joby has also applied to have its FAA type certificate, once
received, validated by the Japan Civil Aviation Bureau (“JCAB”) and
the United Kingdom’s Civil Aviation Authority (“CAA”).
In June 2024, the Company announced it had received FAA
authorization to use a suite of software tools developed in-house,
called ‘ElevateOS’, that are designed to enable high-tempo,
on-demand air taxi operations. Joby has been actively developing
and testing these software tools, in-house, since acquiring Uber
Elevate, the air taxi division of Uber in 2021. In 2019, Uber
Elevate launched and ran UberCopter, the world’s first on-demand,
multi-modal air taxi service, using traditional helicopters that
were bookable via the Uber app.
Joby is listed on the New York Stock Exchange and has raised
more than $2 billion of funding to date, including investments from
Toyota, Delta Air Lines, SK Telecom, Uber and Baillie Gifford.
About Joby
Joby Aviation, Inc. (NYSE:JOBY) is a California-based
transportation company developing an all-electric, vertical
take-off and landing air taxi which it intends to operate as part
of a fast, quiet, and convenient service in cities around the
world. To learn more, visit www.jobyaviation.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding the development and performance of our
aircraft, the growth of our manufacturing capabilities, our
regulatory outlook, progress and timing; our business plan,
objectives, goals and market opportunity; paths to certification in
global markets, including Australia, the United Kingdom and Japan;
and our current expectations relating to our business, financial
condition, results of operations, prospects, capital needs and
growth of our operations. You can identify forward-looking
statements by the fact that they do not relate strictly to
historical or current facts. These statements may include words
such as “anticipate”, “estimate”, “expect”, “project”, “plan”,
“intend”, “believe”, “may”, “will”, “should”, “can have”, “likely”
and other words and terms of similar meaning in connection with any
discussion of the timing or nature of future operating or financial
performance or other events. All forward looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially, including: our ability to launch our aerial
ridesharing service and the growth of the urban air mobility market
generally; our ability to produce aircraft that meet our
performance expectations in the volumes and on the timelines that
we project, and our ability to launch our service; the competitive
environment in which we operate; our future capital needs; our
ability to adequately protect and enforce our intellectual property
rights; our ability to effectively respond to evolving regulations
and standards relating to our aircraft; our reliance on third-party
suppliers and service partners; uncertainties related to our
estimates of the size of the market for our service and future
revenue opportunities; and other important factors discussed in the
section titled “Risk Factors” in our Annual Report on Form 10-K,
filed with the Securities and Exchange Commission (the “SEC”) on
February 27, 2024, and in future filings and other reports we file
with or furnish to the SEC. Any such forward-looking statements
represent management’s estimates and beliefs as of the date of this
presentation. While we may elect to update such forward-looking
statements at some point in the future, we disclaim any obligation
to do so, even if subsequent events cause our views to change.
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Joby Aviation Investors: investors@jobyaviation.com
Media: press@jobyaviation.com
Joby Aviation (NYSE:JOBY)
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