JOBY

Cluster: Aircraft Development, Certification & Regulatory Compliance

Commitment: Published 2025-02-27 – Develop and operate a piloted, all‑electric, vertical take-off and landing aircraft for urban transportation, targeting initial passenger operations in 2025/2026; certification milestones are integral to commercial service.

✅ On Track | Certainty: 90%Analysis: Recent updates from February 2025 confirm that the company is making strong progress on certification—including achieving a stage 4 G‑1 certification basis—and is on schedule to launch its piloted aircraft operations for urban transportation. The February 2025 evidence overrides earlier milestones.Progress:* 2025-02-27: Annual Report confirmed stage 4 certification progress and reiterated plans for initial passenger operations in 2025/2026.* 2025-02-26: Earnings call transcripts highlighted record progress on type certification that supports this commitment.

Commitment: Published 2025-02-26 – Begin TIA flight testing in the U.S. as a final step toward FAA certification, marking a significant progression from earlier certification stages.

✅ On Track | Certainty: 90%Analysis: Multiple updates from late February 2025 note that preparations for Type Inspection Authorization flight testing are underway, positioning the company to meet FAA certification requirements. Newer updates have clarified and advanced earlier testing plans.Progress:* 2025-02-26: Q4 earnings call mentioned the imminent start of TIA flight testing in the U.S.* 2024-12-20: Earlier release described the initiation of TIA testing, now superseded by the February updates.

Commitment: Published 2025-02-26 – Achieve record progress on stage four of FAA type certification, with detailed testing planned to further validate aircraft performance for commercial operations.

✅ On Track | Certainty: 95%Analysis: Strong and consistent evidence from multiple February 2025 updates indicates record progress on stage four of FAA certification. The detailed testing plans described support the company’s clear pathway toward meeting commercial operational requirements.Progress:* 2025-02-26: Earnings call transcripts highlighted record progress in stage four testing.* 2025-02-27: Annual report reaffirmed the advanced certification milestones.

Commitment: Published 2024-12-20 – Initiate TIA flight testing and work toward completing the FAA type certification program, a commitment superseded by the more recent February 2025 updates.

✅ On Track | Certainty: 90%Analysis: Although this milestone was originally set for late 2024, the February 2025 data have since updated and confirmed the initiation of TIA flight testing. The earlier commitment is effectively superseded by the newer, more definitive progress reports.Progress:* 2024-12-20: Initial announcement of commencing TIA flight testing as part of the certification program.* 2025-02-26/27: Subsequent updates clarified and advanced the testing phase.

Commitment: Published 2024-02-21 – Advance through multiple FAA certification stages (with documented for‑credit tests and propulsion certification plans), emphasizing safety and regulatory compliance as key enablers for commercial launch.

✅ On Track | Certainty: 85%Analysis: Early 2024 updates document significant progress through several FAA certification stages, including a series of for‑credit tests and the acceptance of propulsion certification plans. While this commitment is older, its objectives have been further advanced by more recent certification milestones.Progress:* 2024-02-21: Initial announcement detailed progress through multiple certification stages.* 2025-02-26/27: Newer updates build on this foundation by evidencing record progress on stage four.

Cluster: Manufacturing, Production Expansion & Vertical Integration

Commitment: Published 2025-02-27 – Build a vertically integrated transportation company that manufactures, owns, and operates eVTOL aircraft—emphasizing high aircraft utilization and operational control.

✅ On Track | Certainty: 90%Analysis: Recent communications underscore the company’s focus on a vertically integrated approach. Ongoing facility expansions and strategic investments support the integrated model for manufacturing and operations.Progress:* 2025-02-27: Annual report reaffirmed the commitment to a vertically integrated model.* 2025-02-26: Earnings call highlighted progress in consolidating manufacturing and operational control.

Commitment: Published 2025-02-26 – Expand manufacturing capacity at the Marina facility and begin operations at a new Ohio facility with plans to double annual production capacity.

✅ On Track | Certainty: 90%Analysis: Evidence from recent updates confirms an active expansion of manufacturing capacity, including facility acquisition and ramp‑up at both Marina and the new Ohio site, aligning with production capacity goals.Progress:* 2025-02-26: Earnings call noted the initiation of operations at an Ohio facility.* 2024-04-29 & 2024-03-05: Earlier updates described facility expansion efforts, now advanced by recent actions.

Commitment: Published 2024-05-07 – Ramp up production with the roll-out of a second production prototype; plan to expand manufacturing facilities in Marina, CA, and acquire additional facilities (Dayton, OH) to meet a target of up to 500 aircraft per year.

✅ On Track | Certainty: 85%Analysis: Although an earlier milestone, later updates continue to reflect ramp‑up in production and facility expansion. The roll‑out of additional production prototypes is being complemented by the acquisition of key facilities.Progress:* 2024-05-07: Initial commitment set production scale‐up targets.* 2025-02-26/27: Continued facility expansions and prototype production further support the commitment.

Commitment: Published 2024-04-29 – Expand manufacturing facilities significantly (e.g., in Marina, California) to support scale‑up, with plans to double current size and increase production capacity.

✅ On Track | Certainty: 85%Analysis: Expansion strategies detailed in early 2024 have progressed with ongoing facility investments and capacity doubling plans, as evidenced by subsequent acquisitions and facility upgrades.Progress:* 2024-04-29: Initial announcement of significant facility expansion.* 2025-02-26: Recent updates confirm continued progress in expanding manufacturing capacity.

Commitment: Published 2024-03-05 – Acquire a Dayton International facility and commit up to $500 million for its development, aiming to create thousands of manufacturing jobs and boost production volumes.

✅ On Track | Certainty: 90%Analysis: The acquisition of the Dayton International facility and dedicated investment demonstrate a clear commitment to scaling production volumes and job creation, as confirmed by subsequent project updates.Progress:* 2024-03-05: Initial commitment detailed the acquisition and investment plans.* 2025-02-26: Recent discussions and reports indicate that facility development is on track.

Cluster: International Market Expansion & Infrastructure Development

Commitment: Published 2025-02-27 – Expand commercial operations internationally with agreements already in place in the U.K., Japan, and Dubai, reflecting a strategic focus on global market penetration.

✅ On Track | Certainty: 90%Analysis: Recent updates demonstrate that international agreements, particularly in Dubai, along with commitments to other key markets (U.K. and Japan), are in place. The strategic focus on global expansion is evident and progressing.Progress:* 2025-02-27: Recent reports confirmed multiple international agreements.* 2024-11-12: Documentation of Dubai vertiport construction supports international market expansion.

Commitment: Published 2025-02-26 – Deliver an aircraft to Dubai and initiate passenger operations there, marking a key international milestone.

🟡 Partially Met | Certainty: 80%Analysis: While plans to deliver an aircraft to Dubai and commence passenger operations are clearly stated, the actual delivery and operational start have not been fully confirmed yet. Recent updates indicate that the process is underway but not fully completed.Progress:* 2025-02-26: Earnings call mentioned plans for Dubai operations.* 2024-11-12: Update on the construction of the first Dubai vertiport underpins progress toward this international milestone.

Commitment: Published 2024-11-12 – Construct the first Dubai vertiport, with plans for additional sites and integration within Dubai’s multimodal transport network—supporting exclusive market access for six years.

✅ On Track | Certainty: 90%Analysis: The construction of the Dubai vertiport has been clearly reported, and plans for additional sites and integration are advancing. This milestone is well supported by recent evidence.Progress:* 2024-11-12: Official announcement of the Dubai vertiport construction.* 2025-02-27: Recent updates confirm ongoing international operational developments.

Commitment: Published 2024-02-11 – Launch air taxi services in the UAE by establishing local operations in Dubai, signing definitive agreements with Dubai regulators and partners to secure exclusive operational rights.

🟡 Partially Met | Certainty: 80%Analysis: Initial agreements and plans for launching air taxi services in the UAE are in place; however, full operational launch has not yet been realized. The process is advancing gradually.Progress:* 2024-02-11: Commitment to establish local operations was announced.* 2024-11-12 and later updates reflect ongoing progress toward operational readiness in Dubai.

Commitment: Published 2024-01-08 & 2024-01-17 – Install electric air taxi chargers and apply for an Air Operator Certificate in the UAE, ensuring the necessary infrastructure and regulatory frameworks are in place for international service launch.

🟡 Partially Met | Certainty: 75%Analysis: While related infrastructure developments (such as vertiport and charging systems) are progressing in other regions, specific updates confirming charger installations and AOC applications in the UAE are less prominent, resulting in a somewhat limited evidence base.Progress:* 2024-01-08 & 2024-01-17: Initial commitment outlined infrastructure and regulatory preparations.* Subsequent international updates (e.g., Dubai vertiport construction) indicate progress, but dedicated evidence for charger installation and AOC in the UAE remains limited.

Cluster: Strategic Partnerships, Investments & Financial Strength

Commitment: Published 2025-02-26 – Finalize strategic partnerships such as securing a $250 million investment tranche from Toyota, which underscores the commitment to enhance manufacturing capabilities.

✅ On Track | Certainty: 90%Analysis: Recent investment announcements and strategic partnership discussions confirm that significant funding from Toyota has been secured, reinforcing the company’s manufacturing and operational capabilities.Progress:* 2025-02-26: Current updates reference finalized strategic partnerships with Toyota.* 2024-10-02 & 2024-11-06: Earlier investment announcements from Toyota support this achievement.

Commitment: Published 2024-11-06 – Receive a total investment of $500 million from Toyota in two equal tranches; this partnership boosts production efficiency, reflecting continuous financial and strategic consolidation.

✅ On Track | Certainty: 90%Analysis: Multiple documents confirm the receipt of a $500 million investment from Toyota, and the financing structure supports ongoing production efficiency and strategic consolidation.Progress:* 2024-11-06: Official announcement detailed the Toyota investment.* 2025-02-26: Recent updates reaffirm the strength of strategic financial partnerships.

Commitment: Published 2024-10-25 & 2024-10-24 – Launch a public offering of common stock to generate gross proceeds (in excess of $200 million) for certification, manufacturing efforts, and general corporate purposes.

✅ On Track | Certainty: 90%Analysis: The public offering has been successfully launched as evidenced by detailed reporting on stock pricing and expected proceeds, which will further support multiple operational initiatives.Progress:* 2024-10-25 & 2024-10-24: Announcements of the public offering clearly outlined the financial objectives.* 2025-02-26: Ongoing updates reflect the company’s strong financial consolidation efforts.

Commitment: Published 2024-10-02 – Secure an additional $500 million investment from Toyota, further highlighting robust long‑term investor confidence in Joby’s business model and growth trajectory.

✅ On Track | Certainty: 90%Analysis: The additional Toyota investment has been confirmed in recent news, underlining strong investor confidence and supporting further technological and operational growth.Progress:* 2024-10-02: Initial confirmation of the extra $500 million investment.* 2025-02-26: Recent updates continue to stress robust financial backing from strategic partners.

Cluster: Technology Innovation, Autonomous Capabilities & Digital Integration

Commitment: Published 2025-02-27 – Increase investment in research and development for aircraft engineering and software development, laying the groundwork for next-generation aircraft and timely certification.

✅ On Track | Certainty: 90%Analysis: Recent updates emphasize enhanced R&D initiatives and software development efforts such as the ElevateOS suite, which are critical for next-generation aircraft design and certification milestones.Progress:* 2025-02-27: Latest reports confirm increased investments in R&D.* 2024-06-20: Launch of ElevateOS demonstrates advanced software integration for air taxi operations.

Commitment: Published 2024-08-26 – Demonstrate over 300 fully autonomous flights with ongoing development of autonomous technologies, underscoring the push toward advanced operational capabilities.

✅ On Track | Certainty: 90%Analysis: Documentation of over 300 autonomous flights and continued autonomy developments meets the commitment’s objectives. The evidence is clear and consistent.Progress:* 2024-08-26: Announcement confirmed over 300 fully autonomous flights.* 2024-02-09: Acquisition of autonomy capabilities further bolsters the technological momentum.

Commitment: Published 2024-06-20 – Launch ElevateOS software tools for managing air taxi operations, with real‑time testing that integrates multimodal transportation services.

✅ On Track | Certainty: 90%Analysis: The successful launch and real‑world testing of the ElevateOS software suite validate the company’s commitment to digital integration and enhanced operational management.Progress:* 2024-06-20: Announcement of ElevateOS launch with real‑time operational testing.* 2025-02-27: Continued R&D investment supports the software’s evolution.

Commitment: Published 2024-08-06 – Develop hydrogen‑electric aircraft technology intended for emissions‑free regional travel, demonstrating commitment to innovative propulsion solutions.

🟡 Partially Met | Certainty: 85%Analysis: A hydrogen‑electric demonstration flight has been completed, showcasing the potential for emissions‑free regional travel. However, further scaling and routine integration remain in progress.Progress:* 2024-08-06: Demonstration of hydrogen‑electric technology was reported.* 2024-07-11 & 2024-01-23: Related sustainability initiatives are underway, though full commercial readiness is pending.

Commitment: Published 2024-02-09 & 2024-02-08 – Acquire advanced autonomy capabilities (e.g., acquisition of Xwing’s autonomy division) and implement digital solutions (like GEACS) to enhance flight efficiency and operational integration.

✅ On Track | Certainty: 90%Analysis: The acquisition of Xwing’s autonomy division and the implementation of digital solutions have been well documented, significantly enhancing Joby’s operational integration and flight efficiency.Progress:* 2024-02-09 & 2024-02-08: Announcements confirmed the acquisition and deployment of digital initiatives.* 2024-06-20: Complementary software innovations further support these capabilities.

Cluster: Workforce Development, Training & Safety Initiatives

Commitment: Published 2025-02-27 – Recruit and retain essential talent for engineering, certification, and manufacturing operations, ensuring the workforce scales in step with operational targets.

🟡 Partially Met | Certainty: 80%Analysis: Although specific workforce recruitment details are not frequently highlighted in recent updates, the company’s overall growth strategies imply ongoing hiring to support expansion. The evidence is moderate.Progress:* 2025-02-27: High-level commitment reiterated in recent announcements.* Various updates on facility expansions hint at parallel workforce scaling efforts.

Commitment: Published 2024-12-05 & 2024-12-03 – Implement comprehensive training programs (e.g., for U.S. Air Force pilots and maintenance personnel) and establish an FAA Part 141 Flight Academy along with a Safety Management System to enhance operational safety.

✅ On Track | Certainty: 90%Analysis: Recent updates confirm the establishment of training initiatives and the FAA Part 141 Flight Academy, bolstering safety and operational readiness.Progress:* 2024-12-03: Announcement on FAA Part 141 Flight Academy establishment.* 2024-12-05: Completion of comprehensive training programs for military personnel was detailed.

Commitment: Published 2024-06-08 – Develop career pipelines for aspiring eVTOL technicians through paid on‑the‑job training programs, reinforcing the company’s commitment to building local expertise.

✅ On Track | Certainty: 85%Analysis: Early-stage initiatives and partnerships aimed at forming technician training pipelines have been reported, reinforcing a commitment to local workforce development.Progress:* 2024-06-08: Initial plans for paid on‑the‑job training programs were announced.* 2024-02-08 & related maintenance certification updates (e.g. Part 145 approval) support the creation of expertise pathways.

Commitment: Published 2024-07-11 – Engage community organizations to foster pilot training initiatives, including free ground school and outreach to educate future talent, ensuring a steady pipeline of qualified professionals.

🟡 Partially Met | Certainty: 75%Analysis: While the company has expressed its intention to engage community organizations for pilot training initiatives, direct evidence of large-scale community outreach and free ground school programs is somewhat limited so far.Progress:* 2024-07-11: Initial commitment announced pilot training outreach.* Ongoing efforts in safety and training (e.g., FAA Flight Academy) suggest movement toward these goals, though broader community engagement data remains less detailed.

Cluster: Defense Collaborations & Sustainable Aviation Initiatives

Commitment: Published 2025-02-27 – Pursue government contracts with the U.S. Department of Defense and other agencies, highlighting investments in defense applications and autonomous flight technologies.

✅ On Track | Certainty: 90%Analysis: Evidence of secured contracts and agreements with the U.S. Department of Defense underscores strong progress in this area, with multiple updates confirming active engagement.Progress:* 2025-02-27: Recent announcements reaffirm DOD contract pursuits.* 2025-02-26 & 2024-03-19: Documentation of aircraft deliveries and partnerships with U.S. defense agencies supports this commitment.

Commitment: Published 2025-02-26 – Continue development and delivery of eVTOL aircraft for defense applications, demonstrating progress in fulfilling DoD requirements.

✅ On Track | Certainty: 90%Analysis: Multiple updates confirm that the development and delivery of eVTOL aircraft for defense purposes (including partnerships with the USAF) are well underway.Progress:* 2025-02-26: Earnings call and related communications noted ongoing development for defense applications.* 2024-03-19/2024-03-05: Earlier commitments about delivering aircraft to military bases have been reinforced in subsequent updates.

Commitment: Published 2024-03-19 & 2024-03-05 – Deliver aircraft to military bases (e.g., MacDill AFB) and train USAF pilots as part of existing DoD contracts, showcasing solid defense collaboration.

✅ On Track | Certainty: 90%Analysis: The delivery of aircraft to military bases and training of USAF pilots have been well documented, highlighting strong defense collaborations and adherence to contract milestones.Progress:* 2024-03-19 & 2024-03-05: Announcements detailed aircraft deliveries and training initiatives at MacDill AFB.* 2025-02-26: Recent updates continued to emphasize progress in defense collaborations.

Commitment: Published 2024-07-11 & 2024-01-23 – Develop hydrogen‑electric flight capabilities and commit to clean, emissions‑free air taxi operations; these sustainability initiatives are integrated with defense and commercial strategies to reduce environmental impact.

🟡 Partially Met | Certainty: 85%Analysis: Demonstrations of hydrogen‑electric flight capabilities have been recorded, aligning with broader sustainability goals. However, full integration with defense and commercial objectives is still a work in progress.Progress:* 2024-07-11 & 2024-01-23: Early announcements outlined hydrogen‑electric development.* 2024-07-11 (additional updates) provided evidence of successful test flights, though routine operational integration remains ongoing.

Commitment: Published 2024-02-09 & 2024-01-23 – Engage in partnerships that emphasize sustainable aviation practices (e.g., electrification of aviation infrastructure and clean flight initiatives) to support Joby’s vision of greener skies.

✅ On Track | Certainty: 90%Analysis: Strategic partnerships focused on infrastructure electrification and clean flight (e.g., agreements for charger installations and vertiport developments) strongly support this commitment, reflecting continued progress.Progress:* 2024-02-09 & 2024-01-23: Initial commitments set clear sustainability targets.* 2024-01-08, 2024-01-17, and related partnership announcements (e.g., Dubai vertiport, New York charger installations) demonstrate active progress toward greener aviation objectives.