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Joby Marks Production Launch, Receives Permit to Fly First Aircraft Built on Production Line in Close Collaboration with Strategic Partner and Investor, Toyota

Tetsuo “Ted” Ogawa, President and Chief Executive Officer of Toyota Motor North America, will join Joby’s Board of Directors on July 1, 2023

Santa Cruz, Calif. (Jun 28, 2023) — Joby Aviation, Inc. (NYSE:JOBY), a company that develops all-electric aircraft for commercial passenger service, announced today that it has obtained a Special Airworthiness Certificate for its first aircraft manufacturing in Marina, California. The certificate, issued by the Federal Aviation Administration, permits Joby to commence flight testing of its initial production prototype.

In recognition of Toyota’s crucial involvement in the development of Joby’s Pilot Production Line and its contribution to the manufacturing and assembly of Joby aircraft, Tetsuo “Ted” Ogawa, the President and Chief Executive Officer of Toyota Motor North America, will join over 1,000 guests and team members at Joby’s Marina facility later today to celebrate the start of production.

Ogawa, who is set to join Joby’s Board of Directors on July 1, 2023, expressed his congratulations on Joby’s achievement and expressed his eagerness to strengthen their collaboration as Joby prepares for the expansion of production and the launch of operations.

Toyota is the largest external shareholder of Joby, having invested approximately $400 million in the company. The two companies recently signed a long-term agreement for the supply of powertrain and actuation components.

For more information, please visit: https://www.jobyaviation.com/news/joby-production-launch-permit-to-fly-first-aircraft-on-production-line/