Latest news with #Joby
NDTV
2 days ago
- Business
- NDTV
Flying Taxis In Dubai By 2026: What You May Pay, Where They Will Land
Dubai is set to elevate its futuristic travel ambitions-literally. By 2026, the city could witness flying taxis navigating its skyline, offering a faster, cleaner, and more efficient alternative to road transport. Yes, flying taxis are real-and they are almost here. The initiative is being led by Dubai's Roads and Transport Authority (RTA) in partnership with California-based Joby Aviation. As per Conde Nast Traveller, the first test flights are expected to begin next year, with full operations likely by early 2026. How Dubai's Flying Taxis Will Operate: Speed, Range And Vertiports The air taxis will operate from four key vertiports currently under construction - Dubai International Airport (DXB), Downtown Dubai, Dubai Marina, and Palm Jumeirah. According to The Economic Times, the first vertiport at DXB is scheduled for completion by early 2026. Each aircraft will accommodate four passengers and one pilot, with a top speed of 320 kmph (approximately 200 mph). That means the journey from DXB to Palm Jumeirah could take just 12 minutes, compared to a 45-minute drive in good traffic. As per Times of India, the aircraft will run on four battery packs and six propellers, covering up to 160 km on a single charge. Design Of Dubai's Air Taxis: Drone-Helicopter Hybrid With Glass Views The design resembles a hybrid between a drone and a helicopter-quieter, sleeker, and built for comfort. Times of India reports that the aircraft will feature six rotary systems and large glass panels offering panoramic views. The sound level? Just 45 decibels-about as quiet as light rain. Conde Nast Traveller adds that passengers will enjoy sweeping views through wide glass sides and a floor-to-ceiling windscreen while flying over the city's landmarks. Booking A Flying Taxi In Dubai May Be As Easy As Calling An Uber Booking an air taxi may be as easy as ordering a cab. Joby, being a global partner of Uber, may integrate the service within the Uber app, allowing users to schedule, board, and pay via their phones, reports Economic Times. Eventually, the network is expected to expand to include major hotels and tourist destinations. Flying Taxi Fare In Dubai: Expected Cost And Who It Is For While official pricing is yet to be announced, Joby is reportedly aiming for fares around $75 per trip-comparable to a premium Uber Black ride between Palm Jumeirah and DXB. Prices may become more accessible over time as the service scales up. Initially, the service is likely to target premium users. However, Times of India notes that the long-term plan is to make flying taxis accessible to the general public, integrating air mobility into everyday life. Are Dubai's Flying Taxis Safe? What We Know So Far Concerned about safety? All flights will be operated by certified commercial pilots. So far, Joby has conducted hundreds of test flights, clocking over 60,000 km safely. While there is talk of autonomous, AI-powered flights in the future, pilots will remain in control for now. Other Gulf Cities Betting On Flying Taxis: Abu Dhabi And NEOM Join Race Dubai is not alone in this air mobility push. As Conde Nast Traveller reports, Abu Dhabi is collaborating with Archer Aviation to launch its Midnight air taxis. Saudi Arabia's NEOM city has also completed test flights. Across the Gulf, advanced air mobility appears to be taking off-quite literally.
India.com
3 days ago
- Business
- India.com
45-minute journey in less than 15 minutes? Flying taxi to launch in THIS city soon, top speed of..., it will carry...
New Delhi: Countries across the globe are working relentlessly to launch air taxis (flying taxis). In a major development, Dubai is preparing to launch its first flying taxi service by 2026. The new mode of transport will provide fast and electric-powered air travel within the city. It has been developed by California-based company Joby Aviation. The goal is to significantly reduce travel time within the city. The air taxi network will operate from four main vertiports, according to the Reuters report. It is important to note these vertiports are currently under construction. The locations are: Dubai International Airport, Downtown Dubai, Dubai Marina, and Palm Jumeirah. The first vertiport at Dubai International Airport is expected to be ready by early 2026. The main aim of this is to enable quick travel across the city's congested areas. Initially, the journey from Dubai International Airport to Palm Jumeirah takes about 45 minutes by car, but with the air taxi, it will take just 12 minutes. Here are some of the key details: Travellers will be able to book the air taxi through a mobile app. It will function much like Uber. Joby is Uber's global partner Users will be able to book the taxi, board it, and make payments—all through a single app. This service will expand to hotels and key locations as well. This will make it easier to travel directly from the airport to one's destination. Its top speed will be 320 kilometers per hour. How much will be the fare? According to Conde Nast Traveller, Joby estimates that a single trip will cost around $75 (approximately Rs 6,464). However, it is important to note that the exact fare hasn't been confirmed yet. Reports also suggest that the fare will be similar to an expensive Uber Black ride. The taxi will feature glass walls and a windshield extending to the roof, offering a spectacular view of Dubai city during the flight. How many passengers can it carry? All air taxis will be operated by licensed pilots. The company assures that all necessary safety measures will be in place before the service is launched for the public. Each air taxi will be able to accommodate one pilot and four passengers.
Nikkei Asia
4 days ago
- Automotive
- Nikkei Asia
Toyota-backed flying car startup Joby Aviation to boost US production
Toyota will cooperate with Joby in design, manufacturing, and quality control to build a production system. (Joby Aviation) AZUSA KAWAKAMI NEW YORK -- Joby Aviation, a U.S. flying car startup that counts Toyota Motor as its top investor, is expected to expand production capacity in the U.S. as the Trump administration aims to develop the unmanned aircraft industry. Joby said it will expand its Marina, California, facility to increase production capacity for its main electric vertical takeoff and landing aircraft (eVTOL), aiming to build 24 aircraft a year.
Yahoo
5 days ago
- Business
- Yahoo
Joby Aviation Doubles Air Taxi Factory Size As It Races To Launch Air Taxis
Stuck in traffic again, daydreaming about flying over the mess? Joby Aviation just doubled down on making that fantasy slightly more realistic. The company expanded its Marina, California, facility to 435,500 square feet, enabling production of 24 electric vertical takeoff and landing eVTOL aircraft annually. That's roughly one flying taxi rolling off the line every other week, assuming everything goes according to plan. This isn't just about bigger warehouses and more assembly lines. Joby's facility expansion represents the company's most aggressive push toward commercial air taxi service, with the Marina site handling everything from FAA certification processes to pilot training simulation. The expanded facility positions Joby to deliver on its 2025 U.S. launch timeline—a date that's been circled on calendars since the company first started making noise about urban air mobility, similar to Pivotal's progress in the personal air travel space. Toyota's deep pockets are making this scaling possible, with engineers from the automotive giant embedded throughout the expansion process. The Japanese manufacturer closed a $250 million investment tranche (part of a $500 million total commitment), bringing decades of manufacturing expertise to aircraft production. This partnership extends beyond California, with Joby operating facilities in Santa Cruz, San Carlos, and a recently renovated Dayton, Ohio, location that could eventually pump out 500 aircraft yearly. To get more in-depth news and expert analysis on global affairs from WPR, sign up for our free Daily Review newsletter. The regulatory pieces are falling into place faster than expected. Joby's six-aircraft test fleet has logged over 40,000 miles, with the FAA approving the company's proprietary ElevateOS software suite, critical for commercial deployment. The company recently demonstrated simultaneous flight operations with multiple aircraft, proving their systems can handle the complexity of urban air traffic management. While Joby leads the pack, competitors like Archer Aviation and Lilium are racing toward similar production milestones. Archer recently completed construction of its Georgia facility, targeting 15-24 aircraft in 2025, while Lilium has begun production of its first seven jets. The eVTOL market faces significant hurdles beyond manufacturing, from air traffic control integration to public acceptance of flying taxis overhead. Regulatory approval timelines remain uncertain, with the FAA taking a cautious approach to certifying aircraft that will carry passengers in urban environments. Traditional automakers spent decades perfecting assembly lines for cars that stay on the ground. Joby's betting that the same manufacturing discipline, applied to aircraft that need to be exponentially more reliable than your Honda Civic, can create a viable air taxi business. The expanded facility represents the moment when eVTOL companies stop talking about the future and start building it, as seen in Joby Aviation's first piloted electric air taxi transition. Ready to skip the freeway entirely? That depends on whether Joby's production timeline survives contact with reality—and whether your city's infrastructure can handle flying taxis landing in downtown areas. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Time of India
6 days ago
- Business
- Time of India
Joby stock soars 8% again as air taxi expansion lifts entire eVTOL sector — Archer, KRMN surge too
Joby stock soars 7.47% today as air taxi expansion lifts entire eVTOL sector — Archer, KRMN rally too: JoeBen Bevirt, the visionary founder and CEO of Joby Aviation, has officially rejoined the billionaire ranks — and the rally that put him there is still going strong. Joby Aviation Inc (NYSE: JOBY) surged 7.47% today, climbing $1.22 to close at $17.55, extending a breathtaking 160% run-up since April. This renewed momentum is part of a larger wave lifting the entire electric air mobility sector. As Joby pushes forward with its ambitious air taxi expansion, fellow eVTOL players Archer Aviation (ACHR) and Karman Holdings (KRMN) are also flying higher, with investors piling in on the future of urban aerial transport. Explore courses from Top Institutes in Select a Course Category Public Policy PGDM Healthcare Project Management Data Science others Finance Data Science Leadership Product Management Operations Management Data Analytics Digital Marketing Technology Others healthcare Cybersecurity Management Degree MBA CXO Design Thinking MCA Artificial Intelligence Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details This explosive rally has turned CEO JoeBen Bevirt into a billionaire again, thanks to his 12% stake in the company now valued at over $1.3 billion. Investors are betting big on the eVTOL (electric vertical takeoff and landing) revolution — and Joby is right at the center of it. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo Why is Joby stock still soaring? Today's 7%+ pop builds on a multi-month rally that's been fueled by: Aggressive production scale-up : Joby is doubling its California facility and ramping up manufacturing in Dayton, Ohio, targeting 24 aircraft per year as it gears up for commercial launch. Test flights and rollout progress : Successful pilot tests in Dubai , upcoming vertiport construction, and plans for U.S. launches in NYC and L.A. by 2025 are sparking investor optimism. Sector-wide momentum : Policy support, growing FAA cooperation, and surging interest in electric vertical takeoff and landing (eVTOL) technology are lifting peers like Archer and KRMN. Live Events What's happening across the eVTOL sector? Company Price Change % Change Joby Aviation $17.55 +$1.22 +7.47% Archer Aviation $12.79 +$0.70 +5.79% Karman Holdings $54.67 +$0.93 +1.73% The strong rally in these stocks reflects broad-based investor excitement over the dawn of flying taxis. Archer is riding Joby's coattails with its own certification progress, while KRMN benefits from increased demand in defense-related aerospace systems, a related tailwind. Why is Joby Aviation expanding its air taxi production now? On Tuesday, Joby Aviation announced a major expansion of its Marina, California facility in the Monterey Bay area, aiming to double aircraft production. The new space will cover 435,500 square feet, allowing the company to scale up manufacturing to 24 aircraft per year. This is a crucial step for Joby as it prepares to move from prototype testing to real-world operations. In parallel, the company is also ramping up activity at its Dayton, Ohio plant, where it will build and test aircraft components. This dual-site approach is designed to support fast, scalable production — a key factor as the company nears commercial deployment. 'Reimagining urban mobility takes speed, scale and precision manufacturing,' said Eric Allison, Joby's Chief Product Officer, in a statement. When and where will Joby launch its electric air taxi service? Joby Aviation is preparing for a commercial launch in Dubai in early 2026, with plans to expand to New York City and Los Angeles by 2025. The company has already conducted piloted test flights in Dubai and delivered its first aircraft to the United Arab Emirates. Construction of the first commercial vertiport at Dubai International Airport is underway and expected to be completed by Q1 2026. These international test flights are part of Joby's strategy to secure regulatory approval and showcase real-world readiness. What's fueling the Joby stock rally in 2025? Several factors have pushed Joby stock into breakout mode this year: Strong sector momentum: Investor excitement around the advanced air mobility (AAM) sector has lifted the entire eVTOL space. Production readiness: Expanded facilities in California and Ohio suggest Joby is closer to mass production. Dubai test flights: Successful piloted vertical takeoff and landing (VTOL) flights demonstrate technical progress. Early mover advantage: Joby is among the first to deliver an aircraft to the UAE, showing international trust. Joby's gains also come as rival Archer Aviation (NYSE: ACHR) rose 7% Wednesday and is up nearly 24% year-to-date. Meanwhile, defense contractor Karman Holdings (NYSE: KRMN), another industry peer, hit a record high, more than doubling since its February IPO at $22. Can Joby sustain this rally? While short-term technicals and sentiment are extremely bullish, analysts are urging caution. Wall Street consensus : Average 12-month price target sits around $9.33 , suggesting potential downside from current levels. Bearish scenarios : Some predictive models forecast JOBY dropping to $5–7 by 2026 due to limited current revenue (~$136K) and ongoing unprofitability. Bullish case : Supporters point to Joby's market leadership, production growth, and FAA certification pathway as long-term catalysts. Is Joby stock a smart investment right now? In the short term, analysts are bullish. Joby's momentum and strong technical indicators suggest it could climb to $16–$17 soon. But the long-term outlook is mixed. Wall Street's 12-month consensus price target sits around $9.33, hinting at possible downside from current levels. Forecasts diverge widely: Bearish estimates: Some models expect a drop to $5–$7 by 2026 due to lack of revenue. Bullish scenarios: Optimists see Joby trading above $13–$15 as it rolls out commercial flights. While Joby's 2024 revenue was just $136,000, and the company remains unprofitable, its progress toward certification and market entry keeps investors interested. Still, it remains a speculative play, and any delay in FAA approval or operational setbacks could shake confidence. Who is JoeBen Bevirt, the brain behind Joby Aviation? JoeBen Bevirt, 51, is the founder and CEO of Joby Aviation. He launched the company in 2009, driven by a vision to transform how people move in cities through electric flight. Education: Mechanical engineering degrees from UC Davis and Stanford. Career: Prior to Joby, he created Joby Inc., the camera gear company, and Velocity11, a robotics startup. Patents: Bevirt holds more than 160 patents, many tied to eVTOL technology. Net worth: With Joby's stock rally, his 12% stake now exceeds $1.3 billion. Bevirt's track record as an inventor and entrepreneur gives investors hope that he can steer Joby through the complex path to full-scale operations. Can Joby dominate the flying taxi future? Bull Case: Joby is clearly ahead in many aspects — testing, manufacturing, FAA collaboration, and international rollout. With real aircraft already flying and vertiports under construction, Joby has a strong head start. Bear Case: The company still brings in very little revenue and faces steep operational and regulatory hurdles. If timelines slip or technical issues arise, the hype could fade quickly. Joby Aviation stock is soaring, fueled by expansion plans, successful test flights, and growing investor optimism. But as with any high-growth startup in a new industry, it comes with risks. The company's ability to scale production, win regulatory approval, and launch services will determine if it becomes the leader of the air taxi revolution — or just another speculative bubble. For now, the market is giving Joby the benefit of the doubt. Time will tell if it delivers. FAQs: Q1: What is driving Joby stock higher in 2025? Joby stock is rising due to expanded production, Dubai test flights, and strong investor interest in electric air taxis. Q2: When will Joby Aviation launch its air taxi service? Joby aims to begin air taxi operations in Dubai by early 2026, followed by U.S. cities like NYC and LA.
