Joby Aviation’s Post

Our Q1 2025 Results: A second consecutive quarter of record progress on certification. Pilot-on-board transition is now a routine part of flight test activities. UK launch partnership with Virgin Atlantic. Fifth aircraft coming off the production line. Expanded manufacturing facility set for handover. $813M in cash and short-term investments plus additional $500M from Toyota. Read more about our achievements in our Shareholder Letter: https://lnkd.in/gQTaPGCK Record certification progress: We exceeded last quarter’s record progress on the FAA side of the fourth stage of the certification process, moving forward by 12 points to 43% complete. The Joby side of the fourth stage is now 62% complete. Pilot-on-board transition flight: We reached a landmark moment in our aircraft test program, successfully completing flights with a full transition from vertical to cruise flight, and back again, with a pilot onboard. Since completing our first full pilot-on-board transition on April 22, 2025, we have flown multiple transition flights with three different pilots at the controls, as we became the first company to routinely perform inhabited testing of an electric air taxi from hover to wingborne flight. UK launch partnership: We announced a partnership with Virgin Atlantic, a premium long-haul UK airline, that will see us work together on the launch of our service in the UK. The partnership builds on an existing agreement between Joby and Delta Air Lines and aims to offer seamless, zero-emission, short-range journeys across the UK, starting with regional and city connections from Virgin Atlantic’s hubs at Heathrow and Manchester Airport. Manufacturing progress: The fifth aircraft to be produced on our pilot manufacturing line in Marina, CA, has been powered on and is undergoing final functional checks, ahead of beginning flight testing. It will become the sixth aircraft in our active flight test program, which includes two aircraft stationed at Edwards Air Force Base. Growth in Marina: Less than a year after breaking ground, and with the support of a CalCompetes grant from the California Governor’s Office, our expanded manufacturing facility in Marina, CA is nearing completion and is set to be handed over to our team next month. The new building more than doubles our manufacturing footprint in Marina and will also house an expanded pilot training and flight simulation center as well as aircraft maintenance facilities designed to support the scaling of our commercial operations. Joby management will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today, accessible from our investor website.