While electric vertical take-off and landing passenger aircraft startup Joby Aviation targets North America for its initial commercial launch, founder and CEO JoeBen Bevirt expects the company to have an early presence in Asia and Europe. Bevirt, who joined the TC Sessions: Mobility 2021 on June 9, didn’t give away the first location, although recent announcements suggest it is narrowed down to Los Angeles, Miami, New York, and the San Francisco Bay Area. But he did weigh in on what those first cities will look like.
“I imagine we will have early markets in each of the three regions,” he said. “Our initial launch market will be in North America just for proximity to the nexus of where most of our team is currently. But there are incredible opportunities and cities worldwide, and we want to provide as much benefit to as many people as quickly as we possibly can. And so that’s why we’re so focused on scaling manufacturing.”
Later this year, Joby Aviation is expected to begin construction on a 450,000-square-foot manufacturing facility designed with Toyota. The company has completed a pilot manufacturing facility already.
Once a secretive startup, Joby has had a far more public six months of late. The company reached a deal to merge with particular purpose acquisition company Reinvent Technology Partners, formed by well-known investor and LinkedIn co-founder Reid Hoffman, Michael Thompson, and Zynga founder Mark Pincus. Hoffman also joined Bevirt at the TC Sessions: Mobility event.
Before its SPAC deal, Joby had gained attention and investors over the years as it developed its eVTOL. Toyota became an important backer and partner, leading a $620 million Series C round of funding in January 2020. Joby acquired Uber’s air taxi moonshot Elevate nearly a year later as part of a complex deal.
Today, Joby is focused on certification, which it has been working on with the FAA since 2018, and manufacturing its eVTOL aircraft. The company is also assembling the pieces for how and where it will operate. And that’s adding to its size. In the past year, Joby has doubled its workforce, now at about 800.
Earlier this month, Joby Aviation announced a partnership with REEF Technology, one of the country’s largest parking garage operators, and real estate acquisition company Neighborhood Property Group, to build out its network of vertiports, with an initial focus on Los Angeles, Miami, New York, and the San Francisco Bay Area.
When 2024 arrives, Bevirt anticipates launching in one to two cities in that first year of operation.
“We do want to provide sufficient depth of coverage that consumers get to experience the transformative experience,” Bevirt said. “There have been cases where if a new service launches, and there’s not enough supply, consumers can be frustrated. And so we want to make sure we can service at least a portion of the demand and provide a gratifying experience to our customers. I think that that’s the piece we care about as a company, making customers into raving fans.”
