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 officially formed a joint venture, the Joby Toyota Aero Manufacturing Preparation Company (JTAMPC), to accelerate and scale the manufacturing of Joby's eVTOL air taxis.
Toyota, holding a 51% stake in JTAMPC, will leverage its extensive manufacturing expertise to improve Joby's production processes, with the potential to become the exclusive manufacturer of the S4 model.
This strategic partnership provides Joby with critical production capabilities and financial backing, while enabling Toyota to expand its mobility solutions into the air and capitalize on its experience with electrified vehicles.
The collaboration builds on Toyota's long-standing investment in Joby and outlines future agreements for component supply, maintenance, and potential joint development of infrastructure and training, pending FAA certification.

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.