¿Joby Aviation esta listo para ser la primera compañía de aeronaves a propulsión eléctricas con rotación multitudinaria (eVTOL) que sea rentable?

The electric vertical takeoff and landing (eVTOL) industry has long been plagued by delays, technical hurdles, and regulatory uncertainty. Yet, as 2025 draws to close, one company stands out as a potential breakout candidate: Joby Aviation. With its aggressive regulatory progress and strategic partnerships, Joby appears uniquely positioned to achieve profitability before its peers. This analysis examines how the company's FAA certification timeline and global commercialization efforts could cement its leadership in the air taxi market.

Regulatory Progress: A Clear Path to Certification

Joby's regulatory momentum is arguably its most critical advantage. The company recently entered the Type Inspection Authorization (TIA) phase with the Federal Aviation Administration (FAA), during which agency pilots will rigorously evaluate its eVTOL aircraft's performance and safety. This follows the completion of power-on testing for its first FAA-conforming aircraft in 2025, a milestone that marks the transition from design validation to operational readiness.

According to a report by Moomoo, Joby has already accumulated over 50,000 test miles across 850 flights, a testament to the robustness of its aircraft and manufacturing processes. These efforts have positioned the company to begin "for credit" flight testing with the FAA in 2026-a critical step toward securing Type Certification. Analysts suggest that Joby's vertically integrated approach, which streamlines design, testing, and production, has accelerated its timeline compared to competitors like Archer Aviation. If current projections hold, the company could achieve certification by mid-2026, with commercial operations launching as early as late 2026 or 2027.

Strategic Positioning: Partnerships and Infrastructure Drive Scalability

Regulatory progress alone is insufficient for profitability; Joby's ability to scale its operations hinges on strategic alliances and infrastructure development. In May 2025, the company secured a $250 million investment from Toyota Motor Corporation, a move that not only bolsters its balance sheet but also aligns with Toyota's broader mobility ambitions. This partnership is expected to double Joby's U.S. manufacturing capacity, enabling it to produce four aircraft per month by 2027.

Simultaneously, Joby is expanding its global footprint. In Saudi Arabia, it has partnered with Abdul Latif Jameel to deliver 200 electric aircraft, aligning with the kingdom's Vision 2030 goals. In the UAE, the company has already delivered its first aircraft and is constructing a vertiport at Dubai International Airport, with planned service corridors to high-traffic areas like Palm Jumeirah and Dubai Downtown. These projects underscore Joby's three-pronged commercialization strategy: direct operations, aircraft sales, and regional collaborations.

Domestically, Joby is leveraging the U.S. Department of Transportation's eVTOL Integration Pilot Program to test early operations in select markets ahead of full FAA certification. By utilizing existing infrastructure and collaborating with NASA and the FAA on simulations, the company is accelerating its integration into the national airspace system-a critical enabler for mass adoption.

A Profitability Framework: When Will It Materialize?

For Joby to achieve profitability, three conditions must align: regulatory clearance, scalable production, and demand generation. The company's current trajectory suggests it is meeting all three. Its TIA phase with the FAA is a direct precursor to certification, while Toyota's investment ensures manufacturing capacity can meet projected demand. Meanwhile, partnerships in high-growth markets like Dubai and Saudi Arabia provide immediate revenue streams through aircraft sales and service agreements.

However, challenges remain. The eVTOL market is still nascent, and consumer adoption hinges on affordability and infrastructure. Joby's focus on repurposing existing airports and building vertiports addresses this, but execution risks persist. Additionally, while the company's lead over competitors is notable, regulatory delays or technical setbacks could disrupt its timeline.

Conclusion: A Strong Case for Leadership

Joby Aviation's combination of regulatory progress and strategic partnerships creates a compelling case for it to become the first profitable eVTOL company. With FAA certification within reach and a global network of partners accelerating infrastructure development, the firm is uniquely positioned to capitalize on the air taxi market's growth. For investors, the key will be monitoring its 2026 milestones-particularly the outcome of FAA flight testing and the pace of commercial deployments in Dubai and the U.S. If these proceed as planned, Joby's vision of transforming urban mobility may soon transition from promise to profit.