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 formed a joint venture, Joby Toyota Aero Manufacturing Preparation Company (JTAMPC), with Toyota holding a 51% stake.
This partnership aims to leverage Toyota's manufacturing expertise to improve efficiency and scale up production of Joby's eVTOL air taxis, with a path towards JTAMPC becoming the exclusive manufacturer.
The collaboration deepens Toyota's long-standing investment in Joby, providing Joby with essential production capabilities and extending Toyota's mobility vision into the aerospace sector.
Further funding and the finalization of exclusive manufacturing rights for JTAMPC are contingent on Joby achieving critical FAA certifications for its S4 eVTOL aircraft.

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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.