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:

Joby Aviation debuted its new 162,000-square-foot Santa Cruz headquarters, a significant milestone supporting the company's substantial growth and research and development efforts.
The move embodies founder JoeBen Bevirt's childhood dream of a better commute, with Joby having grown to over 1,500 employees and a $3.7 billion market capitalization through key partnerships.
The company plans to launch its eVTOL service by 2024, with the FAA actively progressing on airworthiness certification and pilot training requirements for these new aircraft.
Joby's new headquarters signifies a long-term commitment to the Santa Cruz community, expected to bring hundreds of jobs and economic benefits to the area.

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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.”