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Sixty-million upfront equity investment will integrate Joby-operated eVTOL services into Delta customer-facing channels, beginning in New York and Los Angeles.

Composites-intensive air taxi is delivered six months ahead of schedule for use in logistic mission demonstrations by the U.S. Air Force and AAM-focused research by NASA.

In its Letter to Shareholders, Joby announces its agreement with the FAA on a revised eVTOL certification basis, its application for U.K. type certification validation, cites new developments with the U.S. DOD and more.

The certification, initially targeted for the second half of 2022, is another step toward commercial operation. Joby will use conventional aircraft to refine systems and procedures in advance of launching eVTOL service targeted for 2024.

Joby Aviation has begun the fourth of five stages to receive its Part 135 Air Carrier Certificate from the FAA, a critical step to operating its composites-intensive eVTOL as an air taxi service.

Company intends to bring eVTOL technology to Japan, with a new agreement between Japanese and U.S. aviation regulators streamlining the process.

Joby marks a series of key test and program milestones including a 150-mile flight on a single charge, comparative noise tests against other aircraft and applying for air carrier certification.

Joby confirms the second prototype has received FAA Special Airworthiness Certification and U.S. Air Force airworthiness approval for streamlined operations heading into 2024.

As part of the agreement, Uber Elevate, which is developing an air taxi ridesharing service, will invest $75 million in Joby, which is developing an all-electric eVTOL that the company hopes will enter service in 2023.

Analysis for eVTOL market breaks down market segments, key players and the overall competitive landscape expected for 2024-2028.