Joby applies for aircraft certification in Japan

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Joby Aviation, Inc. (NYSE: JOBY), a California-based company that develops all-electric aircraft for commercial passenger service, today confirmed that it has formally applied to have its breakthrough aircraft design certified for use in Japan. The news comes as regulatory authorities in Japan and the United States confirmed earlier today that they have reached an agreement to provide a streamlined approval process for US applicants who wish to validate their eVTOL (“take-off and electric vertical landing gear”) in Japan.

This press release is multimedia. View the full press release here: https://www.businesswire.com/news/home/20221017006062/en/

Joby’s all-electric vertical take-off and landing aircraft during a flight test. (Photo: BusinessWire)

Joby’s application to the Japan Civil Aviation Bureau (“JCAB”) for validation of a “type certification” from the FAA (“Federal Aviation Administration”) is considered the first of its kind and constitutes a necessary step to launch carpooling services. in Japan. Joby plans to use his five-seat manned eVTOL aircraft to connect people and cities through fast, quiet, and emission-free flight.

Commenting on the app, JoeBen Bevirt, Founder and CEO of Joby Aviation, said, “We are extremely excited about the potential of electric air ridesharing to deliver a new form of clean and affordable urban and regional connectivity across Japan.

“With 92% of residents living in urban areas, we have a dramatic opportunity to save people in congested cities like Tokyo, Yokohama and Osaka time, while reducing their impact on the environment.

“We strongly believe that a collaborative approach to regulation helps foster greater safety, and by working hand-in-hand on certification, Japan and the United States are ensuring that both countries continue to play a leading role. plan in adopting climate-friendly transport.”

Joby has long-standing ties with Japan, having welcomed Toyota as a strategic partner in 2018. In addition to providing expertise in manufacturing process development and high-volume production, Toyota is also the largest outside investor of Joby, with nearly $400 million invested to date. . Earlier this year, Joby also entered into a partnership with ANA Holdings Inc., Japan’s largest airline, to offer ridesharing services in the Japanese market. Joby is a member of Japan’s Public-Private Conference for Future Air Mobility Revolution, established by the Ministry of Economy, Trade and Industry to accelerate the adoption of air ridesharing in the country.

Type certification is a multi-year process that allows a company to undertake rigorous testing and documentation of each aircraft system to prove that the aircraft meets safety standards and is ready for commercial operations. Similar type certification processes are undertaken for all aircraft, large and small – an approach that has helped make air travel one of the safest forms of transportation available today.

Images and films of Joby’s plane are available in Joby’s media kit.

ABOUT JOBY

Joby Aviation, Inc. (NYSE: JOBY) is a California-based transportation company developing an all-electric vertical take-off and landing aircraft that it intends to operate in fast, quiet, and practice in cities around the world. . For more information, visit www.jobyaviation.com.

Forward-looking statements

This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the development and performance of our aircraft, our production growth, capacity, regulatory outlook, progress and schedule; our business plan, objectives, goals and market opportunities; and our current expectations regarding our business, financial condition, results of operations, prospects, capital requirements and business growth. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”. , “should”, “may have”. ”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including: our ability to launch our air ridesharing service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and timelines we anticipate, and our ability to launch our service; the competitive environment in which we operate; our future capital requirements; our ability to adequately protect and enforce our intellectual property rights; our ability to respond effectively to changing regulations and standards relating to our aircraft; our reliance on third-party vendors and service partners; uncertainties related to our estimates of the market size for our service and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on March 28, 2022, and in future filings and other reports we file or provide to the SEC. These forward-looking statements represent management’s estimates and beliefs as of the date of this presentation. Although we may choose to update these forward-looking statements at some time in the future, we disclaim any obligation to do so, even if subsequent events change our views.

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