What Happened
Electric Vertical Takeoff and Landing Technology Takes Off
Joby Aviation, listed on the New York Stock Exchange, is developing an all-electric aircraft designed for urban and regional passenger transportation. The company has made significant progress in FAA certification and manufacturing, with demonstration flights in the US and international initiatives. Joby has also acquired Resonant Sciences to expand into defense technology. The company’s financial position includes $2.5 billion in cash and cash equivalents, providing a substantial resource for ongoing development and expansion. This article was first reported by Kalkine Media.