Joby Aviation Lands in Santa Cruz

The $25.5 million facility will be the electric air taxi startup's headquarters for research and development work.

Amelia Walsh

Thursday, June 08, 2023 at 01:56 PM ET

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An air taxi manufactured by Joby Aviation goes for a test flight. [Credit: Joby Aviation]

Key Takeaways:

Electric air taxi startup Joby Aviation debuted its new 162,000-square-foot Santa Cruz headquarters, a significant milestone supporting its rapid growth and research and development efforts.
The new facility reflects founder JoeBen Bevirt's childhood dream for efficient travel, with Joby now having over 1,500 employees, securing major contracts (NASA, Delta, Air Force), and a market capitalization exceeding $3.7 billion.
Joby intends to bring its eVTOL service to market by 2024, with the FAA actively establishing airworthiness criteria and outlining pilot training rules for powered-lift aircraft.

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Reaching yet another milestone, electric air taxi startup Joby Aviation debuted its new Santa Cruz headquarters on June 5.

Joby’s new home takes founder and CEO JoeBen Bevirt back to his roots. Speaking with local news outlet, the Santa Cruz Sentinel, Bevirt said he grew up in Santa Cruz, where as a kid, he dreamed of a more convenient commute from his home to school. Explaining how he originally came up with the idea of an electric vertical takeoff and landing (eVTOl) concept, Bevirt said, “I loved where I went to school, and I loved where I lived, but they were a long way apart,” he said. “I had a dream of building a better way to get from A to B from the school I loved to the home I loved.”