
Joby delivers first aircraft to Dubai as air taxi service nears launch
The electric vertical takeoff and landing (eVTOL) company has delivered its first production aircraft to Dubai, where it plans to launch a commercial air taxi service in early 2026. Joby, which has successfully completed multiple flight tests with a pilot onboard, says it has begun in-market testing ahead of the anticipated launch of commercial operations.
It's a significant milestone for Joby, which has been developing the technology to power its multi-rotor aircraft since 2009. And its a significant milestone for the fledgling air taxi sector, which has been leaning on hype and promises for the future of air travel to attract investors and potential clients while its aircraft trudge through years of safety testing and certification.
Dubai is aiming to become a launchpad for advanced air mobility, granting Joby a six-year exclusive operating agreement last year. The agreement, signed at the World Governments Summit, provides Joby with regulatory and financial support from Dubai's Road and Transport Authority (RTA). The company has said it will begin operations from four planned vertiports, including Dubai International Airport and Palm Jumeirah.
It's a significant milestone for Joby, which has been developing the technology to power its multi-rotor aircraft since 2009.
In addition to the delivery in Dubai, Joby is also making progress here in the United States. The company is about to begin a process mandated by the Federal Aviation Administration called Type Inspection Authorization (TIA), in which the FAA sends its own pilots to test out Joby's aircraft. TIA signals the final stage of testing before commercial passenger operations can begin.
'In my view,' said Paul Sciarra, chair of Joby's board of directors, in an interview, 'this combination — both the beginnings of commercial service in a big international city, plus the real last lap of the certification program — I think are going to be the two things that gear shifts this in people's mind from, 'Gosh, this is awesome, like, when's it going to show up?' to 'Holy crap, it's happening tomorrow.''
In addition to test flights, the company plans on conducting a series of demonstration flights along the routes it plans on flying. Then it will shift to commercial trips by the end of this year or early next, he said.
Sciarra also said the environmental conditions in Dubai present a unique challenge, with average temperatures usually around 110 degrees. Maintaining reliable air conditioning in the aircraft will be crucial for passenger comfort, he said. And there are a lot more 'boxes to check' before commercial flights can commence, including training on-the-ground mechanics and flight crews.
'I think we're getting ever closer to that moment when people are going to be able to go to a place and book a flight on this service, or see these aircraft flying over a place that they're familiar with,' Sciarra said. 'That's not years away. That's like months away at this point.'
Joby's all-electric aircraft has six rotors and seats five, including the pilot. The vehicle can take off vertically, like a helicopter, and then shift into forward flight using tilt rotors. Joby says it can reach a top speed of 200mph, travel 150 miles on a single battery charge, and is 100 times quieter than a conventional aircraft. Its pouch-style lithium-ion batteries power the craft's six electric motors for at least 10,000 flight cycles, according to Joby's founder JoeBen Bevirt.
Joby is also ramping up manufacturing, making it the first eVTOL maker to deliver multiple production aircraft. The company now has five aircraft in its test fleet, including a hybrid hydrogen-electric variant. A second aircraft was recently delivered to the US Air Force as part of its ongoing defense partnerships.
Joby has received approximately $1 billion in outside investment, including $750 million from Toyota. Still, the company has struggled to meet financial expectations, reporting $0 in revenue in the first quarter of 2025. Joby is hoping Dubai will set the stage for its inevitable launch in the US, including key markets like New York, Los Angeles, and Florida. And as its manufacturing facility in Dayton, Ohio, starts churning out more aircraft, the company expects that it will really take flight.
'The broader external question,' Sciarra said, 'is how many markets can we credibly address in this near term?'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 hours ago
- Yahoo
‘Flying Car' Industry Taxis Toward Takeoff
'We wanted flying cars; instead, we got 140 characters,' venture capitalist Peter Thiel, himself an early Facebook investor and thus key financier of the first social media age, quipped in 2013. Since his remark, the character limit for posts on Twitter — rechristened X under Thiel's fellow PayPal mafia barone Elon Musk — has climbed to 280 (or 25,000 for paid subscribers). As for cars, they're still not flying. A US-based startup, backed by Japan's Toyota, and a freshly capitalized initiative in China could change that as soon as next year. READ ALSO: Trump's 'Biggest Deal Ever' With EU Prompts Yawn From Wall Street and Can Tesla and Samsung Find Salvation in Each Other? Shares to the Sky 'Flying car' is a colloquial term best associated with futures imagined by sci-fi filmmakers. But outside the dystopian cityscapes of Blade Runner or The Fifth Element, here on Earth, they go by a much wonkier industry term: electric vertical take-off and landing (eVTOL) craft. There's also no futuristic hovering technology — current eVTOLs in development by Santa Cruz-based, Toyota-backed Joby Aviation and Chinese carmaker XPeng get off the ground with old-fashioned propeller and rotor technology. In both cases, that has been more than enough to send their shares into liftoff: Joby, which already has a small fleet of air taxis conducting test runs, last week announced plans to expand its California facility to build 24 of its eVTOL craft per year. It also plans to pursue commercialization by seeking certification from the Federal Aviation Administration and expand production to an Ohio facility where it hopes to mass-produce as many as 500 crafts every year. Propping up the effort is 22% shareholder Toyota, which has invested roughly $900 million in the publicly traded startup (shares are up 122% this year). And then there's Xpeng Aeroht, Xpeng's flying car division, which earlier this month said it secured $250 million in Series B funding to expedite the mass production of its Land Aircraft Carrier, a Cybertruck-resembling all-terrain vehicle with a detachable, helicopter-like air module. Xpeng Aeroht is planning mass production of the vehicle, commencing next year in Guangzhou, with a roughly $280,000 price tag and a facility with a projected annual capacity of 10,000 units. Its parent company's shares are up 59% this year. Toyota, meanwhile, has expanded its exposure to the segment as another startup with its backing, Japan-based SkyDrive, obtained initial certification for an eVTOL earlier this year, which could eventually lead to commercialization. The barriers to adoption vary, depending on the market. For example, Xpeng Aeroht produces a smaller eVTOL, the X2, which is technically for sale in Australia, but regulatory uncertainty means using one legally may be at least a year away (and require a pilot's license). Dubai's the Limit: Joby had initially targeted offering commercial passenger services in Dubai, where Xpeng Aeroht tested an eVTOL back in 2022, by the end of this year. That timeline has been bumped to early 2026, seven years after Blade Runner but well ahead of The Fifth Element's setting in the 23rd century. This post first appeared on The Daily Upside. To receive delivering razor sharp analysis and perspective on all things finance, economics, and markets, subscribe to our free The Daily Upside newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Yahoo
Jim Cramer Say's Believes 'Joby is ahead of Boeing' in Vertical Takeoff
Joby Aviation, Inc. (NYSE:JOBY) is one of the stocks that Jim Cramer weighed in on. Cramer made some positive comments on the company and said: 'Same with Joby Aviation, known to some as the flying car company. I was hesitant to say anything positive about this one. It had gone straight up for six to eight bucks, but then I read that Boeing had a flying car too, one with a vertical takeoff feature, and I believe that Joby is ahead of Boeing, so I recommended it on a small pullback. Next thing you know, the stock's at 17 and change, more than a double. Again, the parabola fear, wrong.' Photo by Yiorgos Ntrahas on Unsplash Joby (NYSE:JOBY) is developing electric vertical takeoff and landing aircraft for aerial ridesharing services. The company also plans to provide an app-based platform for booking air transportation. While we acknowledge the potential of JOBY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
2 days ago
- Yahoo
Archer, Joby Slide As eVTOL Enthusiasm Wanes
Shares of Archer Aviation (NYSE: ACHR) and Joby Aviation (NYSE: JOBY) are trading lower on Monday as enthusiasm around electric vertical takeoff and landing (eVTOL) stocks cools amid renewed investor scrutiny over commercialization timelines, legal risks, and valuation. Both stocks had recently reached new highs amid widespread optimism for eVTOL commercialization, but sentiment has shifted as traders begin locking in gains and reassessing emerging headwinds. Joby, a sector bellwether, surged in July on news of factory expansion, advancements in FAA certification, and piloted flights in Dubai. This momentum pushed the stock to a 52‑week high before a pullback. On Monday, shares are down over 3%, as investors pause to reassess near-term risks. Also Read: Joby Aviation Stock Soars 169% In 3 Months: What's Driving The Surge? That sentiment shift is also weighing on Archer, which was also down Monday. It extended a volatile stretch triggered by a Delaware Chancery Court decision to allow a shareholder lawsuit tied to its 2021 SPAC merger to proceed. Investors are also parsing uncertainty surrounding its partnership with Stellantis. While the automaker remains a manufacturing backer, its recent exit from an unrelated hydrogen fuel project stirred speculation over its long-term commitment to Archer's production plans. Despite Monday's drop, both Archer and Joby remain up year-to-date. Archer continues advancing FAA certification for its Midnight aircraft with backing from Stellantis and United Airlines. Joby is progressing toward a 2026 Dubai launch and expanding U.S. testing. FAA support for eVTOL integration remains a key long-term catalyst. ACHR & JOBY Price Action ACHR is down 2.10% to $10.98, pulling back from its July high near $13.90. JOBY is trading 3.59% lower at $17.45, after topping $18.50 earlier this month. While both stocks remain well above their 52-week lows, they face renewed pressure as investors rotate out of speculative growth plays amid valuation and execution concerns. Read Next:Photo by T. Schneider via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Archer, Joby Slide As eVTOL Enthusiasm Wanes originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.