Joby to begin FAA certification flight testing with first conforming eVTOL; posts $1.4B cash in Q4 2025

Certification flight testing marks a move from demonstration to formal FAA type-certification activity, a critical milestone that materially advances Joby’s path to revenue service; the company reported $1.4 billion in cash and short-term investments to fund near-term certification work (source:25b5b723-b173-445d-947a-827b8985f040).

The cash position and continued investment indicate Joby can sustain higher development outflows while ramping manufacturing capacity and targeting increased production rates (source:c04cef0f-8d38-4960-a1cf-0564d0a73c0e).

Progress on certification and a solid balance sheet accelerate Joby’s commercialisation roadmap and partnerships for initial routes and vertiport deployments, reinforcing recent market-entry agreements such as its Dubai concession and in‑app booking integrations (source:72c9c45e-0012-4823-af59-27f1714cdbd3) (source:ea764c60-a94b-4af6-a015-58a47e755ce4).