Joby Aviation

Investing in the Electric Aircraft Revolution

Retrieved on: 
Wednesday, April 3, 2024
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According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.

Key Points: 
  • According to research from MarketsandMarket s, the Electric Aircraft Market is set to achieve unprecedented growth, projecting a remarkable worth of $37.2 billion by 2030.
  • KULR Technology Group, Inc. (NYSE American: KULR), betting on the electrification of everything, will play a key role in the safety of the electric aircraft future.
  • From startups like Eviation with their Alice aircraft to major players like Airbus and their E-Fan X project, the race is on to develop viable electric planes.
  • Some smaller electric aircraft are already taking to the skies for test flights ."

Hybrid Aircraft Market Size Expected to Reach $13.2 Billion By 2030 as Demand Grows for Commercial Applications

Retrieved on: 
Tuesday, April 2, 2024
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It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.

Key Points: 
  • It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.
  • Hybrid aircraft offer the advantage of reduced emissions and lower noise levels, making them more environmentally friendly.
  • Hybrid aircraft, particularly those with electric propulsion, produce less noise during takeoff and flight, making them more suitable for operating in noise-sensitive regions.
  • Hybrid aircraft can offer flexible and economically viable solutions for regional air travel, supporting regional connectivity and economic development.

Joby Widens USAF Partnership, Will Deliver Two eVTOL Aircraft to MacDill AFB

Retrieved on: 
Tuesday, March 19, 2024
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Personnel will test and train with the aircraft based at MacDill AFB, on base and in the surrounding area.

Key Points: 
  • Personnel will test and train with the aircraft based at MacDill AFB, on base and in the surrounding area.
  • Joby delivered its first aircraft to Edwards Air Force Base in California in September 2023, with a second aircraft expected to be placed on the base this year.
  • In 2020, Joby became the first eVTOL developer to receive military airworthiness approval for its pre-production prototype aircraft.
  • Joby will continue to train USAF pilots and maintainers, and other government partners, on this new category of electric aircraft.

IFS Cloud Selected by Joby Aviation to Shape the Future of eVTOL Aircraft

Retrieved on: 
Tuesday, March 26, 2024
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LONDON, March 26, 2024 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced that Joby Aviation, the leading manufacturer of electric vertical take-off and landing (eVTOL) aircraft for commercial air taxi services, has selected the IFS Cloud for Aviation Maintenance solution for its pioneering eVTOL aircraft maintenance processes.

Key Points: 
  • LONDON, March 26, 2024 /PRNewswire/ -- IFS , the global cloud enterprise software company, today announced that Joby Aviation , the leading manufacturer of electric vertical take-off and landing (eVTOL) aircraft for commercial air taxi services, has selected the IFS Cloud for Aviation Maintenance solution for its pioneering eVTOL aircraft maintenance processes.
  • Joby plans to start commercial operations in 2025, as it continues its progression from prototype to a fully operational fleet.
  • Matthew Lykins, Aircraft Maintenance Lead at Joby Aviation commented, "At Joby, we are at the forefront of revolutionizing travel with our eVTOL aircraft.
  • Joby Aviation joins the many world-leading aircraft manufacturers, operators and maintainers that have selected IFS, including, Southwest Airlines, Air France-KLM Group, Qantas, Saab, BAE Systems, and more.

IFS Cloud Selected by Joby Aviation to Shape the Future of eVTOL Aircraft

Retrieved on: 
Tuesday, March 26, 2024
Cloud, Aircraft, Southwest Airlines, Organization, Growth, Travel, Saab, Aviation, Safety, Air France–KLM, Joby Aviation, Advanced Air Mobility, Defense, Engineering, BAE Systems, Airline

LONDON, March 26, 2024 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced that Joby Aviation, the leading manufacturer of electric vertical take-off and landing (eVTOL) aircraft for commercial air taxi services, has selected the IFS Cloud for Aviation Maintenance solution for its pioneering eVTOL aircraft maintenance processes.

Key Points: 
  • LONDON, March 26, 2024 /PRNewswire/ -- IFS , the global cloud enterprise software company, today announced that Joby Aviation , the leading manufacturer of electric vertical take-off and landing (eVTOL) aircraft for commercial air taxi services, has selected the IFS Cloud for Aviation Maintenance solution for its pioneering eVTOL aircraft maintenance processes.
  • Joby plans to start commercial operations in 2025, as it continues its progression from prototype to a fully operational fleet.
  • Matthew Lykins, Aircraft Maintenance Lead at Joby Aviation commented, "At Joby, we are at the forefront of revolutionizing travel with our eVTOL aircraft.
  • Joby Aviation joins the many world-leading aircraft manufacturers, operators and maintainers that have selected IFS, including, Southwest Airlines, Air France-KLM Group, Qantas, Saab, BAE Systems, and more.

Luminary Cloud Emerges from Stealth, Empowering R&D with Realtime Engineering

Retrieved on: 
Wednesday, March 13, 2024
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SAN MATEO, Calif., March 13, 2024 /PRNewswire/ -- Luminary Cloud, a pioneer in realtime engineering, today announced its official launch out of stealth. A computer-aided engineering (CAE) SaaS platform, Luminary empowers smarter and faster design cycles, allowing engineers to develop better products in a fraction of the time. Backed by Sutter Hill Ventures, which led its $115 million funding, Luminary's customers span industries including aerospace and defense, automotive, sporting goods, industrial equipment, and more.

Key Points: 
  • A computer-aided engineering (CAE) SaaS platform, Luminary empowers smarter and faster design cycles, allowing engineers to develop better products in a fraction of the time.
  • "While software engineering has become more agile thanks to advances in cloud technologies, physical engineering hasn't kept pace, despite increasing pressure to deliver advanced products faster and more efficiently," said Jason Lango, co-founder and CEO of Luminary Cloud.
  • With Luminary, engineering teams save months in their R&D schedules, drastically reducing product testing costs and reducing risk in the process.
  • Luminary has launched their realtime engineering platform for enterprise consumption.

Ohio's Success Spreads Across Urban Centers and Micropolitans Alike

Retrieved on: 
Friday, March 1, 2024
Buckeye, Site Selection, Economic development, Investment, Quality of life, Wells Fargo, City, Heart, Cup, Workforce, Corporation, Research, Environment, Joby Aviation

Over the last six years, Ohio is the only state that has consistently achieved top-5 rankings in both categories.

Key Points: 
  • Over the last six years, Ohio is the only state that has consistently achieved top-5 rankings in both categories.
  • Ohio's widespread prominence is undeniable, boasting several top-10 cities and the highest number of top-100 micropolitans – populations between 10K and 50K –among all 50 states.
  • Ohio consistently proves itself as a catalyst for economic development, whether in a large city or a small community, as success permeates throughout the state.
  • Focusing on micropolitans alone, 16 Ohio cities made it to the Top 100 list for attracting new businesses and investments, the most of any state.

Joby Acquires Facility in Ohio, Begins Hiring to Support Initial Manufacturing Operations

Retrieved on: 
Tuesday, March 5, 2024
Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, Air, Transport, Aerospace, Manufacturing, Transportation, Travel, Aircraft, Acquisition, Multimedia, Aviation, Noise, Joby, Joby Aviation, Dayton International Airport, Workforce, Titanium, Airline

Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has acquired an existing facility at Dayton International Airport and begun hiring in support of the Company’s initial manufacturing operations in Dayton, Ohio.

Key Points: 
  • Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has acquired an existing facility at Dayton International Airport and begun hiring in support of the Company’s initial manufacturing operations in Dayton, Ohio.
  • Joby Aviation photo
    The facility acquired by Joby will be fitted out to support initial manufacturing operations in Dayton, which are expected to begin later this year.
  • The facility will be used for the manufacturing of aircraft parts in support of Joby’s Pilot Production Line in Marina, California.
  • “We’re pleased to be able to acquire an underutilized facility at Dayton International Airport and repurpose it as a modern, high-tech manufacturing center to serve as our initial manufacturing footprint in the region.

Joby Completes Third Stage of FAA Certification Process

Retrieved on: 
Wednesday, February 21, 2024
Alternative Vehicles, Fuels, Other Transport, Technology, EV, Electric Vehicles, Automotive, Air, Transport, Drones, Aerospace, Manufacturing, Aircraft, Multimedia, Aviation, Electronics, Noise, JoeBen Bevirt, Joby Aviation, Certification, Federal Aviation Administration

Joby Aviation photo

Key Points: 
  • Joby Aviation photo
    During the third stage of the process, Joby submitted certification plans that cover all of the aircraft’s structural, mechanical, and electrical systems, as well as the Company’s intended certification approach to cybersecurity, human factors, and noise.
  • JoeBen Bevirt, Founder and CEO of Joby, commented: “Joby continues to lead the industry towards bringing electric air taxis to the commercial market.
  • Our certification and engineering teams are best-in-class and, working closely with the FAA, continue to support U.S. leadership in this new area of aviation.”
    Joby is now fully focused on the fourth stage of the certification process, where the Company will complete tests and analysis for FAA credit covering every component and system on the Joby aircraft – as well as the entire aircraft itself.
  • “With all of our certification plans accepted by the FAA, we are now completely focused on the execution phase of the certification process.

Joby Aviation Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 21, 2024
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Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today issued its Fourth Quarter and Full Year 2023 Shareholder Letter detailing the company’s operational and financial results for the period ending December 31, 2023.

Key Points: 
  • Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today issued its Fourth Quarter and Full Year 2023 Shareholder Letter detailing the company’s operational and financial results for the period ending December 31, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20240221485064/en/
    During Q4 2023, Joby completed the first-ever flight of an electric air taxi in New York City.
  • At the end of the fourth quarter of 2023, we had $1.0 billion in cash and short-term investments.
  • Fourth Quarter and Full Year Financial Results Webcast Details:
    If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906.