Joby, Toyota Announce Joint Venture for Air Taxi Production
The venture gives Toyota 51% ownership and exclusive rights to make Joby’s S4 aircraft as the companies seek approval for commercial deployment.
- On Tuesday, June 30, 2026, Joby Aviation and Toyota Motor Corporation established the Joby Toyota Aero Manufacturing Preparation Company to produce the S4 series air taxi and build commercial production capability.
- "Toyota has been by Joby's side for nearly a decade," CEO JoeBen Bevirt said, as the automaker's total financial commitment to California-based Joby reached $894 million.
- Under the agreement, Toyota will own a controlling 51 percent of the joint venture while Joby holds 49 percent, granting exclusive manufacturing rights and royalty-free intellectual property access.
- Shares of Joby rose 7 percent in premarket trade following the announcement, while the aircraft is capable of seating four passengers and a pilot.
- Joby is working toward Federal Aviation Administration certification to begin commercial flight operations, leveraging this strategic alliance to expand production capacity ahead of expected commercial demand.
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Joby, Toyota announce joint venture for air taxi production
Joby, Toyota Team Up to Advance S4 eVTOL Aircraft Toward Commercial Production
Electric aviation startup Joby Aviation on June 30 announced it entered into a strategic manufacturing partnership with Toyota Motor Corporation to produce Joby’s S4 electric vertical take-off and landing (eVTOL) air taxi. The companies formed a new business entity, Joby Toyota Aero Manufacturing Preparation Company (JTAMPC) that leverages Joby’s work in electric aviation and Toyota’s production and operational expertise to lay the groundwork fo…
Joby and Toyota announce joint venture for air taxi production
Joby Aviation and Toyota announced a joint venture on Tuesday to produce the air taxi maker’s S4 series, as it looks to secure government approval to deploy its commercial electric vertical takeoff and landing aircraft.
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