Joby Aviation completed its final international flight demonstration of 2025 at Japan’s Fuji Speedway, conducting 14 piloted flights and adding to a total of more than 850 flights and 50,000 miles flown during the year. The demonstration, carried out in partnership with Toyota Motor Company, was designed to validate the aircraft’s performance and manufacturing processes in support of the company’s FAA Type Certification effort.
The 2025 flight program saw a 2.6‑fold increase in operational tempo compared with 2024, with 9,000 miles flown in the year and 14 flights at Fuji alone. The jump in flight hours and frequency demonstrates Joby’s accelerated testing pace and growing operational maturity, key factors for meeting the FAA’s data requirements for Type Inspection Authorization.
Joby’s FAA certification progress is now roughly 70 % complete on the company’s side, with the FAA reporting over 50 % completion on its side of the process. The data collected during the Fuji demonstration will feed directly into the upcoming TIA flight testing, bringing the company closer to the final certification milestone that will enable commercial passenger service in 2026.
Toyota’s partnership extends beyond the flight demonstration. The automaker’s $500 million investment in November 2024 provides manufacturing expertise and production capacity, positioning Joby to scale production once certification is achieved. The collaboration also signals Toyota’s confidence in Joby’s technology and its potential to become a key player in the emerging eVTOL market.
Investors have responded cautiously, citing valuation concerns despite the positive operational progress. The company’s Q3 2025 earnings report showed a revenue beat driven by strong demand, but an EPS miss that highlighted ongoing cost pressures. The Fuji demonstration adds confidence that Joby is on track to meet its 2026 launch target, but the market remains attentive to the regulatory and financial challenges ahead.
The eVTOL landscape remains competitive, with players such as Archer Aviation, Beta Technologies, and Wisk Aero also pursuing FAA certification. Joby’s advantage lies in its partnership with Toyota and its extensive flight data, but regulatory hurdles and the need for significant capital to scale production mean that the path to commercial service is still uncertain.
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