Toyota and Joby Aviation ready to test flight its all-electric aircraft

As the FAA approves Joby's first aircraft for flight tests, Toyota joins Joby's Board, signifying its shared vision for future aviation.

By: Jordan Aquistapace

Published by: Brian Potter

Jun 29, 2023 at 5:33am ET

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In a significant development, Joby Aviation, Inc. (NYSE: JOBY), an industry leader in the all-electric aircraft sector, announced the receipt of a Special Airworthiness Certificate for its inaugural aircraft, constructed at the company's Pilot Production Line in Marina, California. This Federal Aviation Administration-issued certificate paves the way for Joby to initiate flight tests of its maiden production prototype.

Joby Aviation's major external investor, Toyota, played a pivotal role in designing the Pilot Production Line and the production and assembly of Joby's aircraft. Today, Tetsuo “Ted” Ogawa, the CEO of Toyota North America, will celebrate the launch of production along with 1000+ guests and team members at Joby's Marina facility.

Effective 1 July 2023, Ogawa will further bolster this alliance by joining Joby's Board of Directors. "We congratulate Joby on reaching this milestone and anticipate greater collaboration as Joby prepares to scale production and start operations," said Ogawa.

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Joby and Toyota have recently inked a long-term agreement to supply powertrain and actuation components, fortifying their relationship. With a robust $400 million investment from Toyota, Joby Aviation is poised to revolutionise commercial passenger service with their all-electric aircraft. View all Toyotas currently for sale on duPont REGISTRY by clicking the link below.

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