Joby Advances to FAA eVTOL Type Certification Final Stage
Joby advanced to the fifth and final stage of the FAA type certification process, with compliance demonstration methods agreed with the agency. Archer is one stage behind after entering its final phase of testing. Joby reported nearly $39M revenue and about $2.3B cash, but its certification target slips to 2029. The company has logged 50,000+ miles, operates five aircraft, and has demos near Manhattan.