Joby Aviation, Inc. (NYSE:JOBY), a company developing electric
air taxis for commercial passenger service, today announced it has
successfully completed its pre-production flight test program and
is now focused on the next phase of flight testing, during which
the Company will use its production prototype aircraft to prepare
for upcoming for-credit flight testing.
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Joby’s two pre-production prototype
aircraft completed more than 1,500 flights, spanning a total
distance of more than 33,000 miles, over the past four years.
(Photo Credit: Joby Aviation)
Joby first began flying full-scale pre-production prototype
aircraft more than four years ago, and the Company’s two
pre-production aircraft subsequently completed more than 1,500
flights, spanning a total distance of over 33,000 miles, including
more than 100 flights with a pilot onboard. The second
pre-production aircraft also completed the first electric air taxi
exhibition flights in New York City, when it flew from the
Manhattan Downtown Heliport over the Hudson River in November
2023.
“Over the course of this test program, our team has shown the
world how real electric air taxis are, with tens of thousands of
miles flown using today’s battery technology,” said JoeBen Bevirt,
Founder and CEO of Joby. “Our pre-production aircraft were the
second full-scale generation of Joby’s design, and their
performance met or exceeded our predictions throughout the program,
successfully achieving our targets for maximum range, speed, and a
revolutionary acoustic footprint.
“Successfully completing this rigorous test program has allowed
us to proceed to ramp production with full confidence, the second
of which rolled off the line at our production line in Marina,
California, earlier this week. Learnings from the flight test
program have been invaluable to our certification program and to
the broader development of regulatory frameworks around electric
VTOL aircraft, validating the performance, safety, and acoustics of
our design while providing insight into daily operations and
maintenance.”
In 2021, Joby demonstrated a flight of 154.6 statute miles on a
single charge, including a vertical take-off and landing.
In 2022, Joby partnered with NASA to measure and confirm its
aircraft’s revolutionary quiet acoustic footprint, which the
Company believes will barely be heard in cruise flight against the
ambient environment of cities. Joby also demonstrated speeds
exceeding 200 miles per hour and flight at altitudes exceeding
10,000 feet above mean sea level.
In 2023, Joby expanded its flight test program to include
flights with pilots on board the aircraft, as well as completing
the first-ever exhibition flight of an electric air taxi in New
York City. Joby also trained four U.S. Air Force pilots to become
the first Air Force personnel to fly an eVTOL aircraft through a
full flight profile, including the transition from vertical to
wingborne flight, as sole pilot-in-command.
And in 2024, in partnership with the Federal Aviation
Administration (“FAA”), Joby completed 31 pilot-on-board flights in
two days, demonstrating the aircraft’s operational characteristics
and precision landing capabilities.
James Denham, Joby Chief Test Pilot, and the first person to fly
onboard Joby’s full-scale prototype aircraft, commented: “Over the
past four years, we thoroughly tested and studied our aircraft in
flight, from precision landing and outwash to human factors. We
often flew multiple flights per day, demonstrating our ability to
fly in a wide variety of weather and operational conditions. As a
result, we have the most experienced and professional eVTOL flight
test team in the world, and I’m proud to be a part of this
program.”
Joby’s second pre-production prototype aircraft will be used for
research-and-development on future aviation technologies.
Joby’s electric air taxi is designed to 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 zero
operating emissions.
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, the growth of our manufacturing capabilities, our
regulatory outlook, progress and timing; our business plan,
objectives, goals and market opportunity; 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; 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
February 27, 2024, 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
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
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