Total amount raised
$2.7 Billions
Latest funding date
10/1/2024
Location
Joby Aviation has successfully raised significant funding through multiple rounds, attracting notable investors such as Toyota Motor Corporation. The company is pioneering electric aerial ridesharing with its innovative aircraft designed for vertical take-off and landing.
Keep reading to delve into the details of Joby Aviation's funding journey and the key investors supporting this groundbreaking venture.
What Is Joby Aviation?
Founded in 2009 by JoeBen Bevirt, Joby Aviation is headquartered in Santa Cruz, California. The company specializes in developing electric aircraft designed for vertical take-off and landing, aimed at revolutionizing aerial ridesharing.
Joby Aviation's innovative aircraft can transport a pilot and four passengers at speeds of up to 200 mph, with a range of 150 miles on a single charge. This technology promises to offer a fast, quiet, and environmentally friendly mode of transportation.
With a workforce of 1001-5000 employees, Joby Aviation is making significant strides in the aerospace transportation industry, backed by substantial funding and key investors.
How Much Funding Has Joby Aviation Raised?
- Round Name: Series B
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of their electric aircraft technology.
- Round Name: Series C
- Amount Raised: $590M
- Date: January 2020
- Lead Investors: Toyota Motor
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale production capabilities and advance towards commercial operations.
- Round Name: Corporate Round
- Amount Raised: $75M
- Date: December 2020
- Lead Investors: Uber
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To integrate Uber's ride-sharing platform with Joby's air taxi service.
- Round Name: Post-IPO Equity
- Amount Raised: $835M
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund the certification process and expand the fleet.
- Round Name: Post-IPO Equity
- Amount Raised: $60M
- Date: October 2022
- Lead Investors: Delta Air Lines
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic partnerships and expand market reach.
- Round Name: Post-IPO Equity
- Amount Raised: $180M
- Date: May 2023
- Lead Investors: Baillie Gifford
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing R&D and operational scaling.
- Round Name: Post-IPO Equity
- Amount Raised: $100M
- Date: June 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop infrastructure and technology.
- Round Name: Grant
- Amount Raised: $9.8M
- Date: November 2023
- Lead Investors: Governor’s Office of Business & Economic Development
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support job creation and economic development in California.
- Round Name: Post-IPO Equity
- Amount Raised: $500M
- Date: October 2024
- Lead Investors: Toyota
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand manufacturing capabilities and accelerate market entry.
- Round Name: Post-IPO Equity
- Amount Raised: $202M
- Date: October 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological advancements and operational efficiency.
Total Amount Raised: $2.5518B. Current Valuation: Not publicly disclosed.
Key Investors
- Toyota
- Details: Toyota is a global automotive manufacturer headquartered in Japan. It is known for its innovative approach to vehicle manufacturing and commitment to sustainability.
- Investment Focus Areas: Automotive, robotics, clean energy.
- Notable Investments: Joby Aviation, Uber, Tesla.
- Governor’s Office of Business & Economic Development
- Details: This office is a California state agency focused on economic development and job creation. It provides grants and incentives to businesses to foster growth and innovation.
- Investment Focus Areas: Economic development, job creation, innovation.
- Notable Investments: Joby Aviation.
- Baillie Gifford
- Details: Baillie Gifford is an investment management firm based in Edinburgh, Scotland. It manages a range of equity, fixed income, and multi-asset portfolios.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Joby Aviation, Tesla, Amazon.
- Delta Air Lines
- Details: Delta Air Lines is a major American airline headquartered in Atlanta, Georgia. It operates extensive domestic and international flight networks.
- Investment Focus Areas: Aviation, travel technology, customer experience.
- Notable Investments: Joby Aviation, Wheels Up, Clear.
- Uber
- Details: Uber is a global ride-sharing company based in San Francisco, California. It offers services ranging from ride-hailing to food delivery and freight transportation.
- Investment Focus Areas: Transportation, logistics, food delivery.
- Notable Investments: Joby Aviation, Lime, Aurora.
What's Next for Joby Aviation?
Joby Aviation stands at the cusp of a transformative era in urban air mobility. With the potential to revolutionize transportation, the company is poised to tap into a market that could redefine how people commute in congested cities. The opportunity to offer fast, quiet, and eco-friendly air travel is immense, promising significant growth and expansion.
To capitalize on this potential, Joby Aviation will likely seek additional funding to scale its operations and enhance its technological capabilities. Future fundraising rounds could attract more strategic investors, further solidifying its market position. However, the path forward is not without challenges. Regulatory hurdles, technological advancements, and market competition will test the company's resilience and innovation.
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