(Bloomberg/Chester Dawson) — Air taxi maker Joby Aviation Inc. said it plans to double its US manufacturing capacity to as many as four aircraft per month by 2027, using both its main production site in California and another in Ohio.
The Santa Cruz, California-based company is among a handful of startups developing eVTOL aircraft — electric vertical takeoff and landing vehicles — to fly customers on short commuter journeys via battery-powered air taxis. Toyota Motor Corp. became its largest shareholder in May, and Joby has touted the Japanese carmaker’s support in honing its manufacturing.
“We’re confident now is the right time to invest in the equipment, facilities and people required to accelerate production, and we look forward to doing so with Toyota, the world’s largest auto manufacturer, at our side,” said JoeBen Bevirt, Joby’s chief executive officer, in a statement on Wednesday.
Bevirt didn’t specify how much more Joby plans to invest in its facilities or when it will begin full production. The announcement comes just five months after the company said it would double its planned output to two aircraft per month “once fully operational,” without specifying a date.
Joby’s stock price is down nearly 28% since early October before it priced a discounted offering of $500 million shares. It has risen about 73% in 2025 through Tuesday’s close.
Joby operates a plant in Marina, California, and a newer facility in Dayton, Ohio. It has said that it aims to build as many as 500 aircraft a year at the Midwestern location.
The company has said it wants to start commercial passenger services in Dubai by early 2026, though it previously targeted the end of this year. Last month, Bevirt told investors he expects Joby to “be ramping that operation through the course of this next year.”
Certification for flight operations by the FAA and regulators in other countries is still pending.
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