Joby Aviation Leads the Charge in eVTOLs: A Closer Look at the Publicly Traded Company's Emissions-Free Flying Taxis

Joby Aviation is leading the charge in electric vertical takeoff and landing (eVTOL) aircraft, promising emissions-free trips over congested cities at speeds up to 200 mph. Partners like Toyota, Delta, and Blade give Joby cash, infrastructure, and market access ahead of launch. The company is moving through the FAA's certification process and has already demonstrated eVTOLs in New York and Dubai. With no revenue yet and trading around 20 times book value, the market is betting on impeccable execution.

Title: Joby Aviation Advances Toward FAA Certification, Acquires Blade Air Mobility

Santa Cruz, CA - July 2, 2025 - Joby Aviation, Inc. (NYSE: JOBY), a leading developer of electric vertical takeoff and landing (eVTOL) aircraft, has made significant strides in its path to commercialization. The company is preparing for the final assembly of its first conforming aircraft intended for Type Inspection Authorization (TIA) flight tests, a critical milestone in the Federal Aviation Administration (FAA) certification process [1].

Joby has successfully completed testing on major components, aerostructures, and systems, and is now on track to start flying its first TIA aircraft in 2025. This progress is a result of the company's vertical integration strategy, which includes in-house design, manufacturing, and testing, and has enabled it to accelerate development and maintain quality control [1].

In addition to its certification progress, Joby has announced the acquisition of Blade Air Mobility Inc., a leader in urban air mobility, for $125 million. This acquisition will provide Joby with an existing operational and customer base from which to start air taxi operations once its eVTOL aircraft is certified [2]. The acquisition also aligns with Joby's strategic expansion into the U.S. and Europe, where it aims to leverage Blade's established presence.

Joby's latest financial results, released on August 6, 2025, show a strong cash position with nearly $1 billion in cash and cash equivalents, providing the company with ample resources to sustain momentum through the certification process [2]. The company also confirmed that the first conforming aircraft is being assembled at its production facility in Marina, California, and will be used by FAA evaluators during the final stage of the certification process.

The company's partnership with Japanese carrier All Nippon Airways (ANA) has been expanded to deploy more than 100 aircraft to air taxi operations in Japan, subject to aircraft certification [2]. This expansion is part of Joby's broader strategy to enter the Japanese market, which has long been a strategic focus for the company due to its strong relationship with Toyota, the company's largest shareholder.

Joby's stock trades around 20 times book value, reflecting market expectations for impeccable execution in bringing its eVTOL aircraft to market. The company's recent achievements, including the acquisition of Blade and its progress in the FAA certification process, suggest that these expectations may be justified.

References:
1. [Joby Aviation](https://www.jobyaviation.com/news/conforming-aircraft-for-tia-flight-testing/)
2. [AeroTime](https://www.aerotime.aero/articles/joby-confirms-strong-q225-cash-position-certification-progress-japan-expansion)
3. [CompositesWorld](https://www.compositesworld.com/news/joby-preps-conforming-aircraft-for-tia-flight-testing-acquires-blade-air-mobility)