Joby Aviation Acquires Ohio Facility To Support Initial Manufacturing of Electric Air Taxi

The manufacturer called the acquisition the “first step” of its plan to build a facility capable of churning out 500 air taxis per year in 2025.

Jack Daleo

Tuesday, March 05, 2024 at 05:54 PM ET

Verified

Two of Joby’s eVTOL air taxi prototypes sit on the runway at the company’s pilot production line in Marina, California. [Courtesy: Joby Aviation]

Key Takeaways:

Joby Aviation is significantly scaling its eVTOL manufacturing by establishing a major production facility in Dayton, Ohio, with initial operations starting this year and a goal to produce up to 500 aircraft annually by 2025.
This expansion involves acquiring an existing facility, planning a larger greenfield factory, investing up to $500 million, and creating up to 2,000 jobs, with support from partners like Toyota.
The company is simultaneously ramping up pilot production at its California facility and aims for commercial launch of its 5-seat air taxi in major U.S. cities by 2025, in partnership with Delta Air Lines.

See a mistake? Contact us.

Electric vertical takeoff and landing (eVTOL) manufacturer Joby Aviation is ramping up activity at its scaled manufacturing plant, under construction at Dayton International Airport (KDAY) in Dayton, Ohio.

The company on Tuesday said it acquired an existing on-airport facility and has begun hiring to support its initial manufacturing operations, which it expects to begin later this year. Joby called the acquisition the “first step” in its plan to build facilities capable of churning out up to 500 aircraft per year in Dayton, beginning in 2025.