All articles tagged with #joby aviation
Archer Aviation escalates its patent dispute with Joby Aviation, filing a federal counterclaim and an ITC complaint over eVTOL patents and seeking damages and potential import relief. Separately, insider filings show stock awards vesting and connected tax-driven sales rather than a shift in sentiment. The developments come as Archer faces a stock move and analysts note a strong upside potential despite the legal battle.
Joby completed piloted demonstration flights across the San Francisco Bay Area to show operational readiness for its electric air taxi service, unveiled the kickoff of its 2026 Electric Skies Tour, and highlighted progress toward FAA certification and scalable production under the White House-backed eVTOL Integration Pilot Program (eIPP).
The FAA-approved eight pilot projects across 26 states will test electric vertical takeoff and landing aircraft, air taxi routes, cargo and medical missions as part of the Advanced Air Mobility/eVTOL Integration Pilot Program, with partners including Archer, Joby, BETA and Electra. Operations begin this summer to generate data for future regulations, highlighting U.S. efforts amid global competition with China; Los Angeles was not selected as a test site, and Archer and Joby are contesting ties to China in a separate lawsuit.
Joby Aviation announced a roughly $1 billion capital raise consisting of convertible senior notes due 2032 and a concurrent equity offering, with notes potentially converting at up to a 30% premium and stock shares priced at a discount to the current price. The move triggered a premarket stock decline as the company aims to fund its production-expansion plan to double output by 2027; cash on hand was $978.1 million at the end of Q3.
Joby Aviation plans to double its U.S. manufacturing capacity to produce four electric air taxis per month by 2027, supported by investments in facilities in California and Ohio, and a strategic alliance with Toyota, amid growing support for advanced air mobility and upcoming FAA certification milestones.
Joby Aviation's stock surged after reporting a massive revenue beat in Q3, indicating strong financial performance and investor confidence.
Joby Aviation has begun power-on testing of its first FAA-conforming aircraft, marking a key milestone in its final certification phase, with flight testing expected to start in 2025 and FAA certification anticipated in 2026.
Flying taxis by Joby and Archer Aviation demonstrated their electric vertical take-off and landing aircraft at a California airshow, showcasing their potential to revolutionize urban transportation with quieter, efficient, and innovative air vehicles aiming to carry passengers within the next few years.
Uber plans to add Blade's helicopters to its platform as early as 2026, starting with popular routes near New York City and Southern Europe, as part of its broader goal to launch electric air taxis with Joby Aviation, which acquired Blade's passenger business last month.
Joby Aviation is acquiring Blade Air Mobility's helicopter ride-share business for up to $125 million to accelerate its electric air taxi launch, boosting its stock by 22%, and is also partnering with L3Harris to develop military VTOL aircraft. The deal grants Joby access to key locations like Newark and Manhattan heliports, with plans to start commercial service in Dubai by 2026 and expand production. Despite positive developments, Wall Street's consensus on Joby stock is moderate, with a significant downside potential based on current price targets.
Joby Aviation is acquiring Blade Air Mobility in a deal valued up to $125 million, expanding its urban air mobility infrastructure and passenger base, with Blade continuing operations as a subsidiary and the deal expected to close soon.
Joby Aviation is acquiring Blade Air Mobility's helicopter ride-share business for up to $125 million, gaining access to a network of terminals and operations in the US and Europe, with plans to transition to electric air taxis in the future.
Joby Aviation plans to acquire Blade Air Mobility's passenger helicopter business for $125 million to expand its electric air taxi services, gaining access to Blade's infrastructure, routes, and customers as it works towards regulatory approval for its battery-powered aircraft.
L3Harris Technologies and Joby Aviation are collaborating to develop a military-grade VTOL aircraft, with flight testing planned for fall 2025 and demonstrations in 2026, featuring hybrid gas turbine technology for versatile missions.
White House support for electric vertical takeoff and landing aircraft has boosted stocks of Joby and Archer, leading to significant gains as government backing and private investments propel the nascent industry forward, with plans for U.S. certification and commercial air-taxi services in the near future.