Joby Receives FAA Approval to Test Vertical Aircraft

<p class&equals;"CosmicText transition duration-333 text-base font-sans leading-1&period;5"><strong>SANTA CRUZ —<&sol;strong> Joby Aviation&comma; a publicly-traded company developing all-electric aircraft for commercial passenger service&comma; announced it has received a Special Airworthiness Certificate for the first aircraft built at its Pilot Production Line in Marina&comma; CA&period; Issued by the Federal Aviation Administration&comma; the certificate allows Joby to begin flight testing of its first production prototype&period;<&sol;p>&NewLine;<p class&equals;"CosmicText transition duration-333 mt-6 text-base font-sans leading-1&period;5">The aircraft is expected to become the first ever eVTOL aircraft to be delivered to a customer when it moves to Edwards Air Force Base in 2024 to be operated by Joby as part of the Company’s Agility Prime contract with the U&period;S&period; Air Force&comma; worth up to &dollar;131 million&period;<&sol;p>&NewLine;<p>Joby also announced that Tetsuo &OpenCurlyDoubleQuote;Ted” Ogawa&comma; President and Chief Executive Officer of Toyota Motor North America&comma; Inc&period;&comma; has joined the Company’s Board of Directors&comma; effective July 1&period;<&sol;p>&NewLine;<p class&equals;"CosmicText transition duration-333 mb-6 text-base font-sans leading-1&period;5">Joby has been flying full size aircraft since 2017 and its pre-production prototype aircraft have flown more than 30&comma;000 miles since 2019&period; Today’s production prototype builds on that experience and marks another important step toward achieving FAA certification and production at scale&period;<&sol;p>&NewLine;<p>&lbrack;<strong>Photo above<&sol;strong>&colon; <em>California Governor Gavin Newsom &lpar;right&rpar; and JoeBen Bevirt&comma; Joby Aviation’s Founder and CEO &lpar;left&rpar;&comma; standing in front of the first aircraft to come off Joby’s Pilot Production Line in Marina&comma; CA&period;&rsqb;<&sol;em><&sol;p>&NewLine;<p class&equals;"CosmicText transition duration-333 mt-6 mb-6 text-base font-sans leading-1&period;5">JoeBen Bevirt&comma; founder and CEO of Joby&comma; said&colon; &OpenCurlyDoubleQuote;Today’s achievement is the culmination of years of investment in our processes and technology and it marks a major step on our journey to scaled production&period;<&sol;p>&NewLine;<p class&equals;"CosmicText transition duration-333 mt-6 mb-6 text-base font-sans leading-1&period;5">&OpenCurlyDoubleQuote;We’re proud to have launched production in our home state of California&period; I’m incredibly grateful to the Joby team for their commitment to ensuring Joby remains the clear leader in this new sector and to Toyota for sharing their knowledge and experience with us over many years&period; Their support has been indispensable in helping us reach this point&period;”<&sol;p>&NewLine;<p class&equals;"CosmicText transition duration-333 mt-6 mb-6 text-base font-sans leading-1&period;5">California Governor Gavin Newsom visited Joby&&num;8217&semi;s facilities last Sunday to meet with Joby team members and celebrate the Company’s progress&period;<&sol;p>&NewLine;<p class&equals;"CosmicText transition duration-333 mt-6 mb-6 text-base font-sans leading-1&period;5">&OpenCurlyDoubleQuote;California is proud to be home to some of the world’s most innovative companies&period; Joby is changing the game when it comes to the next frontier of flight&colon; zero emission aviation&comma;” said Governor Gavin Newsom&period; &OpenCurlyDoubleQuote;Our world-leading climate action relies on the technological advances and pioneering spirit of the private sector&period; Creating jobs and cutting pollution — that’s the California way&period;”<&sol;p>&NewLine;