Joby launches $200M public offering ahead of 2025 commercial eVTOL release

Joby Aviation launches $200M public offering for 2025 eVTOL release.

: Joby Aviation is raising $200 million through a public offering to fund its certification and production, aiming for a 2025 commercial launch. The company may grant underwriters a 30-day option to buy an additional $30 million in shares. Joby plans to introduce air taxis in major cities, backed by Delta Air Lines, Uber, and a deal with the Department of Defense.

Joby Aviation initiated a public offering, aiming to raise up to $200 million to advance its certification and manufacturing processes. The startup plans to use the raised funds, along with its existing capital, to support its 2025 commercial launch and for general working purposes.

Joby also intends to offer the underwriters a 30-day option to purchase an extra $30 million in shares. The company envisions launching urban air taxis in cities such as New York and Los Angeles in partnership with Delta Air Lines and Uber, as well as expanding to Dubai and Abu Dhabi.

In preparation for launch, Joby must complete type certification to meet safety and airworthiness standards. The public offering follows significant milestones, including FAA clearance for eVTOL integration into U.S. airspace and a $500 million investment from Toyota.

eVTOLJoby Aviationfunding