Joby Aviation (JOBY): Flying Taxi Stock Analysis and Future Growth

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This is only a record of my personal analysis and the contents may contain errors or information that differs from the actual situation. Please understand in advance when viewing this site.

Introduction.

The content is easy to understand for those (including myself) who do not have basic knowledge of investments, finance, or financial results,Joby Aviation (JOBY)This section provides a detailed look at the company, its business operations, and its future prospects.

You can use this article to review Joby Aviation's (JOBY) business, characteristics, and future stock price outlook as a reference.

What is Joby Aviation (JOBY) and what is its business?

• Joby Aviation is an aircraft manufacturer based in the United States.
• The company specializes in the development of electric vertical takeoff and landing (eVTOL) aircraft for efficient short-distance transportation between cities.
• JOBY Aviation's goal is to achieve sustainable urban air mobility, and to develop innovative aircraft and technologies to achieve this goal.

The main business activities are as follows

Design and manufacture of eVTOL aircraft

An electric vertical takeoff and landing aircraft (eVTOL) is a new form of aircraft that can replace helicopters and small airplanes.

Joby Aviation develops and manufactures its own eVTOL.

The use of eVTOLs will alleviate traffic congestion in urban areas and provide an efficient means of air transportation.

Technology Development

The company is developing various technologies to enhance aircraft safety, efficiency, and sustainability in eVTOL.

Regulatory Environment

In cooperation with aviation authorities and related companies, we are working to create a regulatory environment in which eVTOL aircraft can operate safely and efficiently.

Commercialization and Service Deployment

Joby Aviation (JOBY Aviation) has plans to launch commercial operations, including an air cab service (air transportation service) for the general public.

Thus, JOBY Aviation seeks to provide advanced aviation technology and services (commercial air cabs) to create a new form of urban transportation for the future.

What is the eVTOL aircraft being developed by Joby Aviation? What are its features?

• eVTOL is an acronym for Electric Vertical Take-Off and Landing.
• The eVTOL aircraft is a new type of aircraft capable of electric vertical takeoff and landing.
• It combines the features of helicopters, drones, and small aircraft to provide efficient short-distance travel within and between cities.

Below are the main features and functions of the eVTOL aircraft being developed by JOBY.

Key features of the eVTOL aircraft being developed by Joby Aviation

• Electric propeller:The use of an electric propeller, which requires no fuel, makes the operation environmentally friendly and sustainable.
• Vertical takeoff and landing:No heliport or special runway is needed, and takeoffs and landings can be made in small spaces.
• High-speed flight:Designed to fly faster than conventional helicopters and small airplanes.
• Quiet design:The electric propeller and special design make it much quieter than conventional aircraft.
• Safety:The numerous propellers and redundant design allow for safe landing even if some propellers fail.

Joby Aviation is developing eVTOL aircraft features and applications

• Flying cab:It is being considered for operation as a flying cab (air cab) for short distances within a city.
• Emergency transportation:In case of emergency, it can be used for fast transportation to medical facilities.
• Freight forwarding:Applications for efficient transportation of smaller cargoes are also considered.
• Sightseeing:It can be operated as a new tourist experience or as a transfer between tourist attractions.

JOBY Aviation's eVTOL aircraft has all of these features and capabilities and is highly anticipated as a new means of air transportation.

To summarize Joby Aviation's corporate information

• Established: September 11, 2009
• Headquarters: Santa Cruz, California
• Industry: Aviation, Advanced Air Mobility
• Product: Electric Aircraft (eVTOL)
• Number of employees: 1,422 (as of 2023)
• Assets: Approx. US$1.29 billion (2022)
• Operating income: approx. -392 million USD (2022)
• Business: Development of an electric vertical takeoff and landing (eVTOL) aircraft and plan to operate this as an air cab service.

Joby Aviation Corporate History

• 2009: Established
  Joby Aviation was founded in 2009 by seven engineers in a workshop called "The Barn" in the mountains of Santa Cruz, California. From the beginning, they researched advanced technologies such as electric motors, flight software, and lithium-ion batteries.
• 2012: Partnership with NASA
  Began working with NASA on several innovative electric flight projects.
• 2015: Subscale Demonstrator
  After years of testing and analysis, the first sub-scale technology demonstrator will be flown in 2015.
• 2017: Full Scale Demonstrator
  For the first time, a full-scale demonstrator flew.
• 2019: Partnership with Toyota
  Toyota became a strategic investor, providing expertise in manufacturing processes and high volume production.
• 2020: Certification with U.S. Air Force
  Received airworthiness certification from the U.S. Air Force, and development of operational capabilities for commercial operation is underway.
• 2021: Listed on NYSE
  Listed on the New York Stock Exchange (NYSE).
• 2022: To commercial air cab service
  Part 135 Air Carrier Certificate to operate a commercial air cab service.

Joby Aviation has made a lot of progress in a short period of time.
Details of alliances and partnerships with various companies and organizations are described below.

What is the trading market?

• In 2021, the company was listed on the New York Stock Exchange (NYSE).
• Joby Aviation is traded on the New York Stock Exchange (NYSE).
• The ticker symbol is "JOBY".

Dividends?

At this time, Joby Aviation (Joby Aviation) does not pay a dividend.
This is consistent with the general trend of many growth-stage technology companies not paying dividends in order to reinvest profits and prioritize business expansion.

Market size and growth rate of eVTOL (electric vertical takeoff and landing) aircraft

The eVTOL (Electric Vertical Take-Off and Landing) aircraft market size was $1.1 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 23.131 TP3T from 2021 to 2028, reaching approximately $23.2 billion by 2028 It is projected to reach approximately $23.2 billion by 2028.

Major Market Trends for eVTOL

• Demand for eVTOL is being driven by a reduced carbon footprint, lower aircraft operating costs, and increased demand for urban air mobility (Urban Air Mobility).
• The market suffered in 2020 due to COVID-19, but is expected to recover by the end of 2021.

What are the sectors, industries, and themes to which Joby Aviation belongs?

sector

• Industry SectorJoby Aviation is primarily classified in the "Industrial" sector.
• Subsector:.In more detail, it belongs to the "Aeronautics and Space" subsector.

type of industry

• Aircraft ManufacturingJoby Aviation is classified as an aircraft manufacturer because it develops eVTOL (electric vertical takeoff and landing) aircraft.

Themes belonging to

• Sustainable TransportationJoby Aviation belongs to the sustainable transportation theme because of its development of environmentally friendly electric airplanes.
• Urban Air Mobility (UAM):.It is attracting attention as a new form of transportation in urban areas.
• Smart Cities: TheIf eVTOLs become widespread, they could contribute to the concept of smart cities.
• Technology & Innovation:.The company develops aircraft using advanced technology, so it falls under the Technology Innovation theme.

Who are some of Joby Aviation's competitors?

Joby Aviation is active in the eVTOL (electric vertical takeoff and landing) market, but there are several other competitors in this sector.

Below are their main competitors.

• Archer Aviation:.Archer is developing an eVTOL aircraft for urban air mobility (UAM); according to JP Morgan, Archer may have certain advantages over Joby. Privately held company.
• Lilium (LILM):. Lilium focuses on developing aircraft that can carry more passengers and is listed through a special purpose acquisition company (SPAC).
• Ehan (EH):.A Chinese company developing a single-seat eVTOL, Ehang is strengthening its presence in the Asian market in particular.
• Volocopter:.This German company is developing a small eVTOL especially for short distance intercity travel. Privately held company.
• Bell Helicopter (TXT):.An existing helicopter manufacturer, but entering the eVTOL market, Bell Helicopter is part of Textron Inc.

What are Joby Aviation's differentiators and advantages over the competition?

Joby Aviation is a very promising player in the eVTOL (electric vertical takeoff and landing) industry, and the following are key points that show how they differentiate themselves from their competitors and what their advantages are.

Advanced Technology

Joby's eVTOL has a top speed of 200 mph (321 km/h) and can fly up to 150 miles (241 km/h) on a single charge. This is faster than the maximum speed of a typical commercial helicopter (160 mph).

Low noise

Joby's flying cabs have very low noise levels, ideal for urban pickups and drop-offs.

safety

 Joby is focused on making air travel safer than ever before by using automated flight control systems to reduce future risks or provide guided flight assistance.

Strong investor base

 Joby has raised funds from a number of leading investors, including Toyota, JetBlue Airways, and Baillie Gifford.

Regulatory compliance

Joby is well underway with the FAA approvals required before it can begin commercial operations.

Partnership with Uber

Joby has acquired Uber's flying cab development division and has formed a strategic partnership that will allow customers to book Joby flights directly from the Uber app.

What are Joby Aviation's key alliances and partnerships?

Joby Aviation has formed several important alliances and partnerships to bring its vision and technology to life.

More on Joby Aviation's partnership with Toyota

Joby Aviation and Toyota have a long-term alliance, and this partnership expands on the successes the two companies have had working together on many projects.

Specifically, the following points are noted

• Long-term supply contracts:.Joby Aviation has entered into a long-term supply agreement with Toyota to supply the major power systems and operating components necessary for the production of Joby aircraft.
• Design & ProductionToyota is collaborating on a number of projects to assist Joby in the production and assembly of its aircraft. This includes advice on the design of Joby's pilot production line.
• Major shareholdersToyota is Joby Aviation's largest outside shareholder, investing approximately $400 million.
• Co-developed withDesigned by Joby and manufactured by Toyota, the components will be delivered to Joby's power system and electronics manufacturing facility in San Carlos, California, and then assembled on a pilot production line in Marina.
• Quality and ReliabilityToyota is helping Joby apply the best practices of the Toyota Production System to meet high quality, reliability, safety, and strict cost standards.
• Japan: Development in JapanJoby has plans to work with Aero Asahi, a Toyota subsidiary, to launch an air cab shuttle service for Toyota-related passengers in Japan.

Joby Aviation and ANA partnership details

Joby Aviation and ANA (All Nippon Airways) have formed a partnership to launch an aerial ridesharing service in Japan.

Below are the main points of this partnership.

• Service AreaThere are plans to make it possible to travel the 31-mile (50 km) distance from Osaka Station to Kansai International Airport in 15 minutes, instead of an hour by car.
• Full cooperation:. ANA and Joby will collaborate on all aspects of establishing this new mode of transportation in Japan, including infrastructure development, pilot training, flight operations, air traffic management, public acceptance, and regulatory compliance necessary for its operation.
• Linkage with ground transportation:.Toyota will also support this effort and integration with ground transportation will be considered.
• Discussions with related companies:.The two companies will also engage in joint discussions with relevant private companies and local and national governments.
• Members of the Japanese Public and Private Sector Councils:.The two companies are existing members of the Public-Private Council on Japan's Future Aerial Mobility Revolution and plan to accelerate the adoption of aerial carpooling through this partnership.

More on Joby Aviation's partnership with Uber

Joby Aviation and Uber announced their partnership in December 2020.

Through this partnership, Joby Aviation has acquired Uber's flying cab development division, Uber Elevate. Below are the major key points of the alliance.

• Acquisitions:.Joby Aviation acquired Uber Elevate. With this acquisition, Joby took a step forward in the development and commercialization of flying cabs.
• App Integration:.The two parent companies have agreed to integrate their respective services with each other. This will allow future customers to move seamlessly between ground and air.
• AccelerationThis partnership will allow Uber to deepen its partnership with Joby and accelerate the market launch of these technologies.
• Elevate Team Moves:.The Uber Elevate team will move to Joby Aviation to assist in the development of Joby.

Joby Aviation and JetBlue Airways partnership details

Joby Aviation, JetBlue Airways, and Signature Flight Support are partnering to develop a system of aviation credits using electric and hydrogen propulsion technology.

The partnership aims to facilitate the commercialization of electric and hydrogen technologies and connect airlines and operators in the development of sustainable solutions.

Below are the main points of this partnership.

• Aviation Credits:. Airlines can earn these credits by reducing emissions through electric or hydrogen-powered commercial flights.
• Transition to sustainable energy:.Joby, JetBlue, and Signature say it will open new avenues for the aviation industry to transition more quickly to sustainable energy sources.
• Energy consumption analysis:.Joby is supporting this effort with an analysis of the energy consumption of the new air cabs.

Learn more about Joby Aviation's partnership with Baillie Gifford

• Joby Aviation will receive a $180 million investment from Baillie Gifford, a British investment management firm.
• The announcement came just days after Joby was awarded a $55 million contract extension to deliver up to nine air cabs to the U.S. Air Force.
• Joby's business model differs from other eVTOL (electric vertical takeoff and landing) manufacturers in that it resembles a ride-sharing app.
• Baillie Gifford is also known for its investments in companies such as Tesla and Amazon.com.
  This investment is all the more remarkable considering that Joby had $978 million in cash and short-term tradable securities at the end of the first quarter.

Learn more about Joby Aviation's partnership with Intel Capital

• Joby Aviation plans to begin air cab service in 2024.
• Intel Capital is investing in this burgeoning Urban Air Mobility (UAM) sector.
• Intel's automated driving technology, network connectivity, and edge computing are complementary to the areas of electric VTOL and UAM.
• Since the 2018 investment, Intel has provided strategic guidance to Joby on technology stacks (automated driving, connectivity), regulatory policy, and introductions to strategic partners.

Certification from the FAA (Federal Aviation Administration)

• Joby Aviation has received a Special Airworthiness Certificate from the Federal Aviation Administration (FAA).
• The certificate grants permission to begin flight testing of the first aircraft built at Joby's Pilot Production Line in Marina, California.
• The aircraft will move to Edwards Air Force Base in 2024, where Joby will operate it as part of its Agility Prime contract with the U.S. Air Force.
• The contract could reach up to $131 million.
• Joby has been flying full-size aircraft since 2017 and will fly over 30,000 miles in 2019 and beyond.

These alliances and partnerships are an important step in Joby's success in the marketplace.

In particular, the partnership with Uber and the manufacturing partnership with Toyota will give Joby a significant advantage when it launches large-scale commercial operations.

What is the future of Joby Aviation?

Joby Aviation aims to develop an all-electric vertical takeoff and landing (eVTOL) aircraft to provide commercial passenger service, and the company has obtained a special aviation fitness certificate from the Federal Aviation Administration (FAA) and has begun flight testing.

In addition, it has an Agility Prime contract with the U.S. Air Force that could reach up to $131 million.

Plans call for commercial passenger operations to begin in 2025, and a partnership with Delta Air Lines could provide seamless, zero-emission travel to and from the airport.

Joby Aviation's future points of view

• Regulations and Certifications:. Successful certification from the FAA would enable commercial operations and establish a market position.
• Strategic Alliances:.Partnerships with U.S. Air Force and Delta Air Lines will likely help expand business and increase revenues.
• Sustainability: SustainabilityAll-electric aircraft are environmentally friendly and are attracting attention as a sustainable means of transportation for the future.
• Market growth The Urban Air Mobility (UAM) market is growing rapidly, and Joby Aviation could be a pioneer.

Joby Aviation (JOBY) Financial Results

Joby Aviation's (JOBY) fiscal year ends on December 31 of each year.

Quarterly results are as follows: Q1: March, Q2: June, Q3: September, and Q4: December.

However, since Joby Aviation is a start-up company in the development stage, we will not analyze its performance here.

Current Joby Aviation (JOBY) stock price

EXAI stock chart (TradingView).

The chart shows the Relative Strength Index (RSI). Reference as an indicator of market overheating.

*An overbought indicator when the RSI exceeds 70% to 80%, and conversely, an oversold indicator when the RSI falls below 20% to 30%.

Joby Aviation's (JOBY) Financial Report for Q3 2023

• Certification Progress:.The certified plans approved by the FAA amount to 84% and include energy storage and distribution system plans.
• Deliveries Delivered the first electric air cab to the U.S. Air Force months ahead of schedule. This is part of a $131 million contract with the Department of Defense.
• Pilot Boarding Test:. Expanded flight test program with pilots on board, with four Joby pilots completing flights including forward transitions.
• Production capacityThree aircraft are in production at the pilot production facility in Marina, California. Dayton, Ohio, has been selected as the site for the first large-scale manufacturing facility, with up to $325 million in incentives and support from state and local agencies.
• Financial Base: (1)At the end of the third quarter of 2023, Joby will have $1.1 billion in cash and short-term investments.

These highlights demonstrate that Joby Aviation is making progress toward developing electric aircraft and providing commercial passenger service.

Of particular importance are the approval of the majority of the FAA's certification plan, the successful delivery to the U.S. Air Force, and the establishment of a strong financial base.

Which brokerage firm can I buy shares of Joby Aviation (JOBY)?

The following is a list of major brokerages that offer shares of JOBY Aviation (JOBY). At these brokerages, you can choose to invest as a CFD (Contract for Difference) as well as directly as a foreign stock.

I myself mainly use SBI Securities, but some stocks they handle may not be available for purchase. In such cases, I sometimes use CFDs at Saxo Bank Securities or IG Securities.

summary

Joby Aviation is innovating to relieve urban traffic congestion by developing an all-electric vertical takeoff and landing (eVTOL) aircraft.

The company has received a special Certificate of Fitness for Aviation from the Federal Aviation Administration (FAA) and also has an Agility Prime agreement with the U.S. Air Force.

This increases the likelihood that new forms of mobility will become a reality.

Furthermore, through strategic partnerships with Toyota and other Japanese companies, as well as numerous affiliated companies, we are able to efficiently solve diverse issues ranging from manufacturing to operations and the regulatory environment.

Joby Aviation has the potential to make a significant contribution to the sustainable development of the city by providing new modes of transportation.

With a current share price of less than $10, this is an investment to watch for the future.