Joby Aviation announced that it will double its U.S. manufacturing capacity, targeting the production of four electric air taxis per month by 2027. The expansion will be built at the company’s Marina, California facility and will also add a new production line in Ohio. Toyota Motor Corporation has committed $500 million to the project, of which $250 million has already been invested, with the first tranche closing in May 2025.
The move is designed to accelerate Joby’s path to commercial launch and to meet the growing demand for its eVTOL aircraft as it approaches final FAA certification. By increasing output, Joby aims to reduce the time and cost required to bring aircraft to market, shortening the window before it can begin generating material sales and revenue streams. The partnership with Toyota brings world‑class manufacturing expertise and supply‑chain efficiencies that are critical to scaling production at the required pace.
Joby also completed the acquisition of Blade’s passenger business, adding a network of terminals and a loyal customer base. While the financial terms of the deal were not disclosed, the acquisition expands Joby’s operational footprint and strengthens its position in the emerging urban air mobility market.
CEO JoeBen Bevirt said, “We are entering the next golden age of aviation. From factories in California and Ohio, we plan to redefine how people travel across the world, as Joby becomes one of a small number of companies in the world with the industrial capability to build aircraft at this pace and quality.” He added that the Toyota partnership is a key enabler for the accelerated production plan.
Investors remain cautious due to valuation concerns, but the expansion signals strong confidence in Joby’s commercial viability and positions the company to capture a larger share of the urban air mobility market as it moves toward regulatory approval and commercial operations.
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