Joby Aviation achieved significant milestones in Q3 2024, including completing exhibition flights at Toyota's Higashi-Fuji Technical Center in Japan with their third production prototype aircraft. The company secured a $500 million investment commitment from Toyota, alongside plans to establish a manufacturing alliance, building on their seven-year collaboration.The company made substantial progress in its certification journey, completing its first FAA-conforming major sub-assembly aircraft tail, while their fourth production prototype nears completion. Regulatory advancement continued across targeted launch markets, with new U.S. operating regulations published to support commercial operations.Joby maintained strong financials with $710 million in cash and short-term investments at quarter-end, not including an additional $222 million raised through an October 2024 follow-on equity offering and the pending $500 million Toyota investment.

Joby Aviation achieved significant milestones in Q3 2024, including completing exhibition flights at Toyota's Higashi-Fuji Technical Center in Japan with their third production prototype aircraft. The company secured a $500 million investment commitment from Toyota, alongside plans to establish a manufacturing alliance, building on their seven-year collaboration.The company made substantial progress in its certification journey, completing its first FAA-conforming major sub-assembly aircraft tail, while their fourth production prototype nears completion. Regulatory advancement continued across targeted launch markets, with new U.S. operating regulations published to support commercial operations.Joby maintained strong financials with $710 million in cash and short-term investments at quarter-end, not including an additional $222 million raised through an October 2024 follow-on equity offering and the pending $500 million Toyota investment.