Advanced Air Mobility Developer Expands eVTOL Program Amid Growing Revenue

Joby Aviation has reported a net loss of $929.8 million for 2025, as the company continues to invest heavily in its eVTOL development program. Despite the widening loss, Joby registered its first meaningful revenue stream of $53 million, largely due to the acquisition of Blade, a helicopter operator. The company’s cash position has improved to $1.41 billion, thanks to a new equity and convertible debt offering. Joby aims to start passenger operations in Dubai before the end of 2026 and has partnered with Uber to integrate air taxi booking requests into the ride-hailing app. This development was first reported by AeroTime.