Joby Aviation and Toyota Motor Corporation announced the initial phase of their strategic manufacturing alliance by establishing a joint venture to realise air mobility.
The venture combines Joby’s pioneering work in electric aviation with Toyota’s globally recognised expertise in production systems and operational excellence.
The alliance will initially focus on establishing the groundwork for commercial production and advancing manufacturing excellence, with particular emphasis on further improving productivity, quality, and cost.
Going forward, it will also support the expansion of Joby’s production capacity to enable aircraft certification and meet anticipated growth in demand for its electric vertical take-off and landing (eVTOL) aircraft.
Executive Statements on the Partnership
JoeBen Bevirt, founder and CEO of Joby Aviation, stated Toyota has been by Joby’s side for nearly a decade, providing invaluable guidance and support as the company built the foundation for manufacturing its aircraft. He said the announcement reflects the strength of their relationship and shared confidence in the opportunity ahead, adding that together they share a vision of making aerial mobility an everyday reality.
Akio Toyoda, Chairman of Toyota Motor Corporation, stated that since its founding, Toyota has been guided by the philosophy of providing mobility for all, continually expanding what mobility can mean. He described air mobility as a natural extension of that philosophy—from the ground into the sky—and a way to bring new value to people’s lives and society. He called it meaningful to take on this challenge together with Joby, a partner sharing the same vision, and viewed the strengthened relationship as an important step toward realising the future mobility society.
Both companies will continue working closely through this joint venture, leveraging their respective strengths to bring air mobility to society on a broader scale.
Joby Aviation and Toyota Joint Venture Details
The joint venture is named Joby Toyota Aero Manufacturing Preparation Company, led by CEO Yosuke Tsuruta and located in California, United States. Ownership is structured with Toyota holding 51% and Joby holding 49%.