Joby Aviation Finishes eVTOL Pre-Production Flight Testing, Next Phase: Production Prototype Flight Certification
By Dabbie Davis
May 03, 2024 11:31 PM EDT
Joby Aviation has successfully concluded its eVTOL pre-production flight testing, signifying its readiness to progress to the production prototype flight certification stage. The company, known for its innovative air taxi services, has achieved a significant milestone with the completion of its initial pre-production test flight for commercial passenger operations.
Joby Aviation Done with eVTOl Pre-Production Flight Testing
As reported by Electrek, Urban Air Mobility expert Joby Aviation is experiencing a significant achievement in eVTOL advancement. The company has wrapped up assessments of its pre-production aircraft and is transitioning towards obtaining air certification for the production prototype eVTOL models.
Joby Aviation stands out in the electric vertical takeoff and landing (eVTOL) sector, positioning itself as a key player within the evolving realm of advanced air mobility (AAM).
Furthermore, Electrek reported that Joby Aviation accomplished its inaugural manned flight in October 2023, leading to a public demonstration in New York City as part of its progression towards the anticipated launch of comprehensive air taxi services in 2025.
Subsequent to securing substantial funding, including a grant in California, Joby Aviation initiated the establishment of eVTOL production facilities in the United States. The company's ongoing testing with pre-production eVTOL models has reached a successful conclusion, marking the transition to the subsequent phase of development.
The company has successfully completed a thorough four-year eVTOL testing phase using two pre-production prototype aircraft, as revealed in a news release released by Joby Aviation. This rigorous testing program included over 1,500 flights in total, which equates to more than 33,000 miles in the air.
Of these completed flights, more over 100 flights were flown with a human pilot on board, marking an important turning point toward final flight certification and the eventual reality of commercial air taxi services.
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What's Next
As reported by WDTN Daytona, recruitment commenced the previous month for the production plant, aiming to manufacture a maximum of 500 electric vertical takeoff and landing vehicles annually.
In October of last year, Governor Mike DeWine and Lieutenant Governor Jon Husted revealed that Joby received a 30-year job creation tax credit of 2.055 percent. Joby intends to inject $500 million into the initiative and generate as many as 2,000 permanent positions within the area.
As per a report by Investorplace News, JoeBen Bevirt, the founder and CEO of Joby Aviation, shared his thoughts about the test flights update. The knowledge derived from the flight testing program have demonstrated significant value for Joby Aviation's certification efforts and the advancement of regulatory standards pertaining to eVTOL aircraft.
These tests have confirmed the effectiveness, safety, and acoustics of Joby's design, providing crucial insights into daily operational considerations and maintenance needs.
Additionally, according to Investorplace News, despite Joby Aviation entering a new stage with its test flights, there is minimal activity surrounding JOBY stock at present. Merely around 2.1 million shares have been exchanged, significantly below its typical daily trading volume of approximately 5.1 million shares.
Furthermore, JOBY stock has exhibited little movement as of Friday afternoon and has experienced a decline of 12.9% since the beginning of the year, a detail worth noting for investors.
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