Joby Nears Exclusive Electric Air Taxi Production Deal With Toyota

Partners create a joint venture that is planned to become the exclusive third-party manufacturer of Joby’s air taxi.

Jack Daleo

Tuesday, June 30, 2026 at 02:30 PM ET

Verified

Edited By:

Zach Vasile

This Toyota-branded Joby air taxi, N542JX, conducted demonstration flights at the Osaka World Expo 2025 in Japan. [Credit: Joby Aviation]

Key Takeaways:

Joby Aviation and Toyota Motor Corp. have established the Joby Toyota Aero Manufacturing Preparation Company (JTAMPC), a joint venture (Toyota 51% stake) aimed at streamlining and scaling production of Joby's eVTOL aircraft.
The new company will initially focus on enhancing manufacturing efficiency for Joby's S4 air taxi, with the long-term goal of an exclusive supply agreement and leveraging Toyota's production expertise.
This strategic partnership benefits Joby by providing crucial manufacturing capabilities and Toyota by extending its mobility vision into the skies, though full-scale production and further funding are contingent on Joby's S4 eVTOL receiving FAA certifications.

See a mistake? Contact us.

Joby Aviation’s eVTOL (electric vertical takeoff and landing) air taxi graced the skies of New York City in April during a week of demonstrations. The model is not yet certified to fly paying customers. But when it is, the first units to enter service will likely be produced by Toyota Motor Corp.

Per a Securities and Exchange Commission (SEC) filing, Joby and Toyota on Monday formed the Joby Toyota Aero Manufacturing Preparation Company (JTAMPC), incorporated in Delaware. The stockholders agreement grants the partners respective 49 percent and 51 percent stakes in the new company and outlines a path toward an exclusive manufacturing supply agreement.