Joby Aviation, Inc. (NYSE:JOBY), a company developing electric
vertical take-off and landing (eVTOL) aircraft for commercial
passenger service, today announced it is collaborating with
Atlantic Aviation to electrify existing aviation infrastructure in
New York and Southern California, paving the way for the launch of
Joby’s revolutionary air taxi service.
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Joby’s all-electric aircraft in flight
above New York City. Joby Aviation Photo
The collaboration between Joby and Atlantic, a leading provider
of aviation services and infrastructure, will focus on activating
key Atlantic sites to support quiet, emissions-free air taxis,
including the installation of Joby’s Global Electric Aviation
Charging System (GEACS). The two companies will undertake a
comprehensive analysis of how Joby’s revolutionary air taxi can
operate at these locations alongside traditional aircraft and other
electric aircraft, offering customers a new way to move from point
to point in congested cities that is quieter and more
sustainable.
Atlantic has an extensive operational footprint in major cities
across the United States, including numerous sites in the New York
City and Los Angeles metropolitan areas, where Joby and Atlantic
will initially focus their partnership. A complete list of Atlantic
Aviation locations can be found here.
“Infrastructure is a critical piece of the puzzle and Atlantic’s
presence in these two key U.S. markets will help ensure we’re well
positioned to deliver a meaningful service for our customers,” said
JoeBen Bevirt, Founder and CEO of Joby Aviation. “We’re excited to
be working together to lay the foundation for the next generation
of clean and quiet flight.”
John Redcay, Chief Commercial & Sustainability Officer at
Atlantic, commented, “Our collaboration with Joby is a key step in
Atlantic’s push to bring existing aviation infrastructure into the
future and solidify Atlantic’s leading role in supporting the
growth of electric aviation. We will be a technology-agnostic
supporter of advanced air mobility and our work with Joby is a key
part of that journey.”
Atlantic is focused on creating technology-agnostic critical
infrastructure for aviation. Consistent with its existing business
of providing best-in-class FBO services, Atlantic aims to support
all aircraft types that arrive at its facilities.
GEACS, the Joby-developed charging system for electric aircraft,
is designed to support the safe and efficient operation of electric
aircraft under development today, reducing downtime between flights
and maximizing the life of aircraft batteries. Joby recently
released the technical specifications of GEACS – which is currently
installed at Edwards Air Force Base and Joby’s flight testing
facility in Marina, California – and is working with numerous
electric aircraft developers to ensure interoperability.
“Through more than 30,000 miles of all-electric vertical flight
with full-scale prototype aircraft, our team has fine-tuned a
ground support system that allows for the simultaneous recharging
of multiple battery packs, external coolant exchange, and secure
data offload after flight – making it suitable for all electric
aircraft,” said Bevirt.
Joby’s air taxi can carry a pilot and four passengers at speeds
of up to 200 mph, offering high-speed mobility with a fraction of
the noise produced by helicopters and no in-flight emissions.
Joby recently completed the first-ever flight of an electric air
taxi in New York City, participating in an event held by the city’s
leadership announcing their intent to electrify the iconic Downtown
Manhattan Heliport.
About Atlantic Aviation
Atlantic Aviation offers customers more than 100 fixed base
operations (FBO) locations across North America. Atlantic
Aviation’s facilities each provide a full suite of critical
services to the business aviation sector covering a wide range of
aircraft ground handling and corporate flight support, including
fueling and line services, ground transportation, catering, hangar,
deicing, and ramp space. To learn more, and for a complete list of
locations, please visit https://www.atlanticaviation.com/.
About Joby
Joby Aviation, Inc. (NYSE:JOBY) is a California-based
transportation company developing an all-electric, vertical
take-off and landing air taxi which it intends to operate as part
of a fast, quiet, and convenient service in cities around the
world. To learn more, visit www.jobyaviation.com.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding the development and performance of our
aircraft and charging system, the growth of our manufacturing
capabilities, our regulatory outlook, progress and timing; our
business plan, objectives, goals and market opportunity; plans for,
and potential benefits of, our strategic partnerships, including
our partnership with Atlantic Aviation and plans for potential
sites for electrification; and our current expectations relating to
our business, financial condition, results of operations,
prospects, capital needs and growth of our operations. You can
identify forward-looking statements by the fact that they do not
relate strictly to historical or current facts. These statements
may include words such as “anticipate”, “estimate”, “expect”,
“project”, “plan”, “intend”, “believe”, “may”, “will”, “should”,
“can have”, “likely” and other words and terms of similar meaning
in connection with any discussion of the timing or nature of future
operating or financial performance or other events. All
forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially, including: our
ability to launch our aerial ridesharing service and the growth of
the urban air mobility market generally; our ability to produce
aircraft that meet our performance expectations in the volumes and
on the timelines that we project, and our ability to launch our
service; complexities related to obtaining certification and
operating in foreign markets; the competitive environment in which
we operate; our future capital needs; our ability to adequately
protect and enforce our intellectual property rights; our ability
to effectively respond to evolving regulations and standards
relating to our aircraft; our reliance on third-party suppliers and
service partners; uncertainties related to our estimates of the
size of the market for our service and future revenue
opportunities; and other important factors discussed in the section
titled “Risk Factors” in our Annual Report on Form 10-K, filed with
the Securities and Exchange Commission (the “SEC”) on March 1,
2023, and in future filings and other reports we file with or
furnish to the SEC. Any such forward-looking statements represent
management’s estimates and beliefs as of the date of this press
release. While we may elect to update such forward-looking
statements at some point in the future, we disclaim any obligation
to do so, even if subsequent events cause our views to change.
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Joby Aviation Investors:
investors@jobyaviation.com Media: press@jobyaviation.com
Atlantic Aviation Media:
Ivy.Cueto@atlanticaviation.com
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