Total amount raised
$2.7 Billion
Latest funding date
10/1/2024
Location
Joby Aviation has successfully raised funds over 14 rounds, with the latest being a Post-IPO Equity round. The company is backed by 25 investors, including Toyota Motor and the Governor’s Office of Business & Economic Development.
Keep reading to explore the intricacies of Joby Aviation's fundraising journey and the investors supporting this innovative electric aircraft company.
What Is Joby Aviation?
Joby Aviation, based in Santa Cruz, California, is a pioneering company in the aerospace transportation industry, focusing on developing electric aircraft. The company operates in sectors such as Aerospace, Air Transportation, Electric Vehicle, and Transportation.
With an employee count ranging between 1001-5000, Joby Aviation is committed to creating a faster, cleaner, and smarter way to travel. Their electric aircraft, designed for vertical take-off and landing, aims to revolutionize urban mobility by offering a quiet and environmentally friendly alternative to traditional transportation methods.
Joby Aviation is a public company listed under the ticker NYSE:JOBY and has successfully raised funds over 14 rounds, supported by 25 investors, including Toyota Motor. The company is also in the process of certifying its aircraft with the FAA, underscoring its commitment to safety and innovation in the electric aerial ridesharing market.
How Much Funding Has Joby Aviation Raised?
- Round Name: Series C
- Amount Raised: USD 590,000,000
- Date: January 2020
- Lead Investors: Toyota Motor
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and advance technology development.
- Round Name: Corporate Round
- Amount Raised: USD 75,000,000
- Date: December 2020
- Lead Investors: Uber
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and fund acquisitions.
- Round Name: Post-IPO Equity
- Amount Raised: USD 835,000,000
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and advance technology development.
- Round Name: Post-IPO Equity
- Amount Raised: USD 60,000,000
- Date: October 2022
- Lead Investors: Delta Air Lines
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and fund acquisitions.
- Round Name: Post-IPO Equity
- Amount Raised: USD 180,000,000
- Date: May 2023
- Lead Investors: Baillie Gifford
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the production of its all-electric vertical take-off and landing aircraft for commercial taxi service.
- Round Name: Post-IPO Equity
- Amount Raised: USD 100,000,000
- Date: June 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and advance technology development.
- Round Name: Grant
- Amount Raised: USD 9,800,000
- Date: November 2023
- Lead Investors: Governor’s Office of Business & Economic Development
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support research and development initiatives.
- Round Name: Post-IPO Equity
- Amount Raised: USD 202,000,000
- Date: October 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and advance technology development.
- Round Name: Post-IPO Equity
- Amount Raised: USD 250,000,000
- Date: May 2025
- Lead Investors: Toyota Motor
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and advance technology development.
- Round Name: Post-IPO Equity
- Amount Raised: USD 591,000,000
- Date: October 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and advance technology development.
Total Amount Raised: USD 3,192,800,000. Current Valuation: Not publicly disclosed.
Key Investors
- Toyota Motor
- Details: Toyota Motor is a major automotive manufacturer based in Japan. It is known for its extensive range of vehicles and pioneering work in hybrid and electric vehicle technology.
- Investment Focus Areas: Automotive, electric vehicles, transportation technologies.
- Notable Investments: Tesla, Uber, Joby Aviation.
- Governor’s Office of Business & Economic Development
- Details: This is a government office focused on promoting economic development and business growth within the state. It provides grants and incentives to foster innovation and job creation.
- Investment Focus Areas: Economic development, business growth, innovation.
- Notable Investments: Various businesses that promote economic growth and innovation within the state.
- Baillie Gifford
- Details: Baillie Gifford is an investment management firm based in Edinburgh, Scotland. They are known for their long-term investment approach and focus on growth companies.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Tesla, Amazon, SpaceX.
- Delta Air Lines
- Details: Delta Air Lines is a major American airline headquartered in Atlanta, Georgia. It operates an extensive domestic and international network.
- Investment Focus Areas: Air transportation, travel services, aviation technology.
- Notable Investments: Virgin Atlantic, Wheels Up, Joby Aviation.
- Uber
- Details: Uber is a global ride-hailing company based in San Francisco, California. It offers services ranging from ride-sharing to food delivery and freight transportation.
- Investment Focus Areas: Transportation, logistics, technology.
- Notable Investments: Lime, Aurora, Joby Aviation.
What's Next for Joby Aviation?
Joby Aviation stands at the cusp of a transformative opportunity with its all-electric vertical take-off and landing (eVTOL) aircraft, aimed at revolutionizing urban air mobility. The recent $180 million funding from Baillie Gifford underscores the significant financial backing to accelerate production and development, positioning Joby to lead in the commercial taxi service market.
Future fundraising opportunities appear promising as the company progresses towards commercial deployment. The growing interest in sustainable aviation technologies and urban air mobility solutions suggests that Joby could attract further investments, potentially leading to strategic partnerships or acquisitions to enhance its technological capabilities and market reach.
However, Joby Aviation faces challenges, including technical and regulatory hurdles in developing and certifying eVTOL aircraft. Additionally, competition from other companies in the electric aviation sector and scaling production to meet commercial demand will test the company's resilience and innovation.
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