Joby Nears Exclusive Electric Air Taxi Production Deal With Toyota

Partners create a joint venture that is planned to become the exclusive third-party manufacturer of Joby’s air taxi.

Jack Daleo

Tuesday, June 30, 2026 at 02:30 PM ET

Verified

Edited By:

Zach Vasile

This Toyota-branded Joby air taxi, N542JX, conducted demonstration flights at the Osaka World Expo 2025 in Japan. [Credit: Joby Aviation]

Key Takeaways:

Joby Aviation and Toyota Motor Corp. have formed a joint venture, Joby Toyota Aero Manufacturing Preparation Company (JTAMPC), with Toyota holding a 51% stake.
The new company will initially focus on improving Joby's manufacturing efficiency before scaling up production of its eVTOL air taxis, with an aim to produce up to 500 aircraft annually after certification.
The partnership outlines a path toward an exclusive manufacturing supply agreement and involves future funding tied to critical FAA certifications for Joby's S4 aircraft.
This collaboration leverages Toyota's established manufacturing capabilities, providing significant support to Joby, and aligns with Toyota's broader strategy to expand into air mobility and electrified transport.

See a mistake? Contact us.

Joby Aviation’s eVTOL (electric vertical takeoff and landing) air taxi graced the skies of New York City in April during a week of demonstrations. The model is not yet certified to fly paying customers. But when it is, the first units to enter service will likely be produced by Toyota Motor Corp.

Per a Securities and Exchange Commission (SEC) filing, Joby and Toyota on Monday formed the Joby Toyota Aero Manufacturing Preparation Company (JTAMPC), incorporated in Delaware. The stockholders agreement grants the partners respective 49 percent and 51 percent stakes in the new company and outlines a path toward an exclusive manufacturing supply agreement.