JOBY

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In celebration of the U.S. 250th anniversary, Joby’s Electric Skies Tour has brought its air taxi to communities across the country. Location: Oshkosh, Wisconsin (Credit: Joby Aviation)

Joby Reports Second Quarter 2026 Financial Results

●Company Raises 2026 Revenue Guidance

SANTA CRUZ, Calif.—August 5, 2026—Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today issued its Second Quarter 2026 Shareholder Letter (https://cdn.sanity.io/files/h5mp19kq/production/4cafb202ad9d8674c3be3448fc2cd5a8ca14e21c.pdf) detailing the company’s operational and financial results for the quarter ending June 30, 2026. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.

Highlights include:

●First eIPP flights are expected in September in Texas, targeting first passengers in 2026.

●Strongest quarterly progress yet in fifth and final stage of FAA Type Certification.

●Five aircraft flying and 12 more in production, as the manufacturing ramp continues.

●Joint venture with Toyota lays groundwork for strategic manufacturing alliance and high-volume production.

●Strong Blade performance, generating $36.2 million in Q2 revenue, contributing to increased full year 2026 total revenue outlook between $115 million and $125 million.

●Strategic partnership with Atoms, the Industrial AI and infrastructure company founded by Travis Kalanick, to develop multimodal transportation hubs across U.S. launch markets.

●$2.3B in cash and short-term investments as of June 30, 2026.

Commenting on Joby’s second quarter results, JoeBen Bevirt, founder and CEO, said: “With meaningful progress on certification, partnerships, infrastructure and commercial readiness, we are unlocking the third dimension of mobility and turning electric vertical flight from an extraordinary technology into an everyday reality, giving people their time back and fundamentally changing the way we move.”

Outlook

Joby’s current outlook incorporates continued investment in certification of its eVTOL aircraft, expansion of manufacturing scale, and advancing commercialization efforts including participation in the White House-backed eIPP program. The company increased its full year 2026 total revenue outlook to a range of $115 million to $125 million. For the second half of 2026, Joby anticipates use of cash, cash equivalents and short-term investments to be between $385 million and $415 million.

Second Quarter 2026 Financial Results Webcast Details:

What: Joby Aviation Second Quarter 2026 Financial Results Webcast When: Wednesday, August 5, 2026 Time: 2:00 p.m. PT (5:00 p.m. ET) Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (http://www.jobyaviation.com).

If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.

About Joby

Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit www.jobyaviation.com.

Forward Looking Statements

This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft and the growth of our manufacturing capabilities, including plans to deliver two additional aircraft in 2026; our regulatory outlook, progress and timing, including our target of carrying our first passengers in 2026; our business plan, objectives, goals, market opportunity and expected demand for our aircraft and services; plans for, and potential benefits of, our strategic partnerships, including our

partnership with Atoms to develop air taxi hubs; expected opportunities under the eIPP, including locations and timing of eIPP flights; and our current expectations relating to our business, financial condition, results of operations, prospects, capital needs and growth of our operations, including our use of cash and revenue guidance for 2026. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward-looking statements are subject to risks and uncertainti

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Joby’s aircraft flying past the Statue of Liberty - New York, NY (Photo: Joby Aviation)

Joby Reports First Quarter 2026 Financial Results

SANTA CRUZ, CA—May 5, 2026—Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today issued its First Quarter 2026 Shareholder Letter (https://cdn.sanity.io/files/h5mp19kq production/82de3193521f9b2385f9e091d7b3667c9a6a660e.pdf) detailing the company’s operational and financial results for the quarter ended March 31, 2026. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.

Highlights include:

●2026 Electric Skies Tour kicks off with landmark demonstrations in San Francisco and New York City: Timed to coincide with the United States' 250th anniversary, Joby launched its 2026 Electric Skies Tour in March with plans for flight demonstrations and other events across the U.S. Joby flew multi-leg journeys from its Marina, CA manufacturing base, past the Golden Gate Bridge and in and out of Oakland International Airport. In late April, the tour continued in New York City, where Joby completed the city's first-ever point-to-point electric vertical takeoff and landing (eVTOL) flights, departing from JFK International Airport and landing at three Manhattan heliports, the same heliports that served over 90,000 Blade passengers in 2025.

●Initial operations expected to begin in 2026: Joby was named a partner in multiple winning applications under the White House-backed eVTOL Integration Pilot Program, creating the opportunity to begin early operations this year ahead of FAA type certification in up to 11 states including: New York, New Jersey, Texas, Florida and Utah. In addition to

its air taxi platform, Joby was selected for applications featuring its Superpilot™ autonomous flight technology platform, expanding the range of use cases partner states can explore under the program.

●First FAA-conforming aircraft takes flight: Joby's first FAA-conforming aircraft for Type Inspection Authorization (TIA) took to the skies for the first time during the quarter. The aircraft (N547JX) is the first of a fleet currently in production to support TIA testing.

●Key FAA certification milestone reached: Joby completed its SR3 audit with the FAA, the third of four major reviews in the certification process and a long-lead item that confirms test data and results meet the FAA's expectations for the final stage of certification.

●Manufacturing momentum builds in California and Ohio: Joby views its selection across a broad range of eIPP applications as a strong signal of future demand and is scaling manufacturing to meet it. Composites production is now running at more than 2.5 times last year's volume, with parts in production for eight additional conforming aircraft including all remaining FAA-conforming aircraft slated for TIA. In Ohio, the company has initiated its first conforming propeller blade production and has expanded capacity to nearly double Joby’s previous manufacturing footprint to nearly 1.5 million sqft.

●Advancing future capabilities: Joby completed the first transition flights with its turbine-electric VTOL aircraft, including a 148-mile flight at maximum take-off weight. The aircraft is built on Joby’s core electric air taxi platform and introduces a gas turbine for increased range and payload capacity. Joby also announced a partnership with Air Space Intelligence (ASI), to safely integrate air taxis into the national airspace system (NAS). ASI’s AI-powered 4D modeling platform is helping modernize U.S. airspace management, joint-demonstrations are planned for later this year.

●Strong balance sheet: Joby ended the first quarter of 2026 with $2.5 billion in cash, cash equivalents and short-term investments.

Commenting on Joby’s first quarter results, JoeBen Bevirt, founder and CEO, said: “From initiating New York City's first-ever point-to-point eVTOL flights to kicking off our nationwide Electric Skies Tour with the Golden Gate Bridge as a backdrop, this has been an extraordinary quarter for Joby. We close it out with a very strong balance sheet and the clearest path we've ever had to beginning passenger operations. With our world leading demos behind us and the eIPP program ahead, communities across America aren't just reading about the future of flight anymore, they're seeing it in the skies above their own cities. As I said to our team when we rang the opening bell at the NYSE again last week, we are ringing in the next golden age of flight.”

First Quarter 2026 Financial Results Webcast Details:

What: Joby Aviation First Quarter 2026 Financial Results Webcast

When: Tuesday, May 5, 2026

Time: 2:00 p.m. PT (5:00 p.m. ET)

Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (www.jobyaviation.com).

If unable to attend the we

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Joby Reports Fourth Quarter 2025 Financial Results

Joby’s aircraft flying past the Santa Cruz Wharf Credit: Joby Aviation

SANTA CRUZ, Calif., February 25, 2026—Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today issued its Fourth Quarter 2025 Shareholder Letter detailing the company’s operational and financial results for the quarter ending December 31, 2025. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.

Highlights include:

●Record certification progress: Joby recorded a record 18 point increase in FAA progress on the fourth stage of the type certification process, underlining the FAA’s commitment to certifying eVTOL aircraft and the maturity of Joby’s design

●First FAA-conforming aircraft for TIA set to fly shortly: All of the aircraft required for Type Inspection Authorization are also now in production

●First passengers expected in 2026: Joby expects to carry its first passengers in Dubai this year, as well as completing early operations in the U.S. as part of the White House-backed eVTOL Integration Pilot Program

●Plans to double production capacity in 2027: Joby signed an agreement to acquire a manufacturing facility in the Dayton, Ohio area, spanning more than 700,000 square feet supporting plans to double production to four aircraft per month in 2027

●Hybrid turbine-electric demonstrator completes first flight: Joby’s turbine electric, autonomous VTOL aircraft flew for the first time, just three months after the aircraft concept was announced, alongside a new partnership with L3Harris Technologies

●Further strengthened balance sheet: Joby had $1.4B in cash and short-term investments as of Q4 2025, plus an additional net $1.2B received in February 2026

Commenting on Joby’s fourth quarter results, JoeBen Bevirt, founder and CEO, said: “2026 will mark a key inflection point for Joby. After a year full of rigorous full-transition flight testing and meaningful progress across every part of our business, we’ve begun to shift our focus from how and when we’ll go to market, to how many aircraft we can produce and where to deploy them.

“As we look ahead to carrying our first passengers in the UAE this year and participating in the White House-backed eIPP program, we’re confident now is the right time to scale production so that we’re ready to serve the incredible demand ahead.”

In a separate event in Dubai earlier today, Joby partnered with Uber to give riders a first look (https://www.jobyaviation.com/news/get-ready-for-takeoff-with-uber-and-joby) at how they’ll be able to book a Joby air taxi journey directly in the Uber app.

Fourth Quarter 2025 Financial Results Webcast Details:

What: Joby Aviation Fourth Quarter 2025 Financial Results Webcast When: Wednesday, February 25, 2026 Time: 2:00 p.m. PT (5:00 p.m. ET) Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (www.jobyaviation.com).

If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.

About Joby

Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit www.jobyaviation.com.

Forward Looking Statements

This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft, the growth of our manufacturing capabilities, including plans to double our production capacity in 2027. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to launch our air taxi service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project; uncertainties related to our estimates of the size of the market for our service and future revenue opportunities; and other important facto

joby-20260128

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 28, 2026

Joby Aviation, Inc.

(Exact name of Registrant as Specified in Its Charter)

Delaware001-3952498-1548118

(State or Other Jurisdiction

of Incorporation) (Commission File Number) (IRS Employer

Identification No.)

333 ENCINAL STREET

SANTA CRUZ,

California95060

(Address of Principal Executive Offices)(Zip Code)

Registrant’s Telephone Number, Including Area Code: 831 201-6700

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered

Common Stock, par value $0.0001 per shareJOBYNew York Stock Exchange

Warrants to purchase common stockJOBY WSNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry Into a Material Definitive Agreement.

Underwriting Agreements, Indenture and Notes

On January 28, 2026, Joby Aviation, Inc. (the “Company”) entered into an underwriting agreement (the “Common Stock Underwriting Agreement”) with certain underwriters (the “Common Stock Underwriters”) agreeing, subject to customary conditions, to issue and sell 52,863,437 shares of the Company’s common stock to the Common Stock Underwriters (the “Common Stock Offering”). In addition, pursuant to the Common Stock Underwriting Agreement, the Company granted the Common Stock Underwriters an option, which is exercisable within 30 days after January 28, 2026, to purchase up to an additional 7,929,515 shares of the Company’s common stock. The issuance of 52,863,437 shares of common stock was completed on February 2, 2026.

On January 28, 2026, the Company also entered into an underwriting agreement (the “Note Underwriting Agreement”) with certain underwriters (the “Note Underwriters”) agreeing, subject to customary conditions, to issue and sell $600,000,000 principal amount of the Company’s 0.75% Convertible Senior Notes due 2032 (the “Notes”) (the “Note Offering”) to the Note Underwriters. In addition, pursuant to the Note Underwriting Agreement, the Company granted the Note Underwriters an option, which was exercisable within 30 days after January 28, 2026, to purchase up to an additional $90,000,000 principal amount of Notes solely to cover over-allotments. On January 29, 2026, the Note Underwriters exercised such option to purchase an additional $90,000,000 principal amount of Notes. The issuance of $690,000,000 principal amount of Notes was completed on February 2, 2026. The Notes were issued pursuant to, and are governed by, an indenture (the “Base Indenture”), dated as of February 2, 2026, between the Company and Wilmington Trust, National Association, as trustee (the “Trustee”), as supplemented by a first supplemental indenture (the “Supplemental Indenture,” and the Base Indenture, as supplemented by the Supplemental Indenture, the “Indenture”), dated as of February 2, 2026, between the Company and the Trustee.

On January 28, 2026, the Company also entered into an underwriting agreement (the “Delta Offering Underwriting Agreement”) with Morgan Stanley & Co. LLC, as underwriter, relating to the offer and short sale of 5,286,343 shares of the Company’s common stock, borrowed from third parties in connection with the Note Offering to facilitate hedging transactions (whether physical sales and/or through privately negotiated derivatives transactions) by some of the investors in the Notes (the “Delta Offering”). The Delta Offering was completed on February 2, 2026.

The Notes will be the Company’s senior, unsecured obligations and will be (i) equal in right of payment with the Company’s existing and

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Joby flies above attendees of the World Expo 2025 in Osaka, Japan. Credit: Joby Aviation

Joby Reports Third Quarter 2025 Financial Results

Santa Cruz, CA – November 5, 2025 – Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today issued its Third Quarter 2025 Shareholder Letter detailing the company’s operational and financial results for the quarter ending September 30, 2025. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.

Third Quarter 2025 highlights include:

●Final stage of certification: Joby has begun power-on testing of the first of several FAA-conforming aircraft to be built for Type Inspection Authorization (TIA). TIA testing is part of the final stage of the FAA Type Certification process and the company can now begin conducting thousands of hardware and software tests in preparation for “for credit” flight testing with FAA test pilots operating the aircraft.

●Maturing flight operations: Joby has already conducted over 600 flights in 2025, along with thousands of ground-based tests. The company completed its first point-to-point flight from Marina to Monterey, demonstrating its commercial market readiness and ability to operate in shared airspace. The company also completed two full weeks of regularly scheduled flights in Osaka, as part of World Expo 2025, demonstrating the aircraft to hundreds of thousands of attendees, and participated in its first public U.S. airshow in Salinas, California.

●White House support for eVTOL: The eVTOL Integration Pilot Program (“eIPP”), established by Executive Order, is designed to allow mature aircraft designs to demonstrate eVTOL use cases, such as passenger transportation, cargo delivery, and emergency response, ahead of achieving Type Certification and presents a remarkable opportunity for Joby to introduce its technology to communities across America. Joby is actively engaged with a wide range of state and local governments across the country who are submitting applications for eIPP projects.

●Scaling production capacity: Joby added more than 100 manufacturing roles and has now begun production of propeller blades at its facility in Dayton, Ohio, marking the first phase of its scaled production strategy. The company has already produced 15 times more type design conforming parts than it did in all of 2024.

●Commercial readiness: The recently-acquired Blade passenger service transported approximately 40,000 passengers during the quarter, including Ryder Cup fans, who replaced two-and-half hour drives with 12 minute flights. Joby also expanded its global partnership with Uber to incorporate Blade’s services directly into the Uber app, providing an opportunity to connect millions of daily Uber users with the potential of vertical lift ahead of Joby’s commercial launch.

●Future technology platform: Just three months after announcing its partnership with L3Harris, Joby began ground testing the hybrid-electric autonomous aircraft it is developing for U.S. Defense purposes. Joby also successfully demonstrated its autonomous flight technology, Superpilot™, during a major defense exercise over the Pacific Ocean. Superpilot™ logged more than 7,000 miles of autonomous operations across more than 40 flight hours in the skies above Hawaii. Joby’s adoption of the NVIDIA IGX Thor platform will enable further advancement of autonomous flight technology by providing the company with access to sector-leading, industrial-grade compute power.

●Strong balance sheet: Joby ended the quarter with $978.1 million in cash, cash equivalents, and investments in marketable securities. Additionally, in October 2025, the company completed an underwritten equity offering. Net proceeds from the offering were approximately $576 million and are expected to be used to support certification and manufacturing efforts, prepare for commercial operations, and provide general working capital and other corporate purposes.

Commenting on Joby’s third quarter results, JoeBen Bevirt, founder and CEO, said, “The level of technological and regulatory progress we’re seeing today is unprecedented. It’s matched by an incredible commitment to aerial innovation at both the state and federal level and I’ve never been more excited about the company and technologies we are building.”

Third Quarter Financial Results Webcast Details:

What: Joby Third Quarter 2025 Financial Results Webcast

When: Wednesday, November 5, 2025

Time: 2:00 p.m. PT (5:00 p.m. ET)

Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (www.jobyaviation.com).

If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.

About Joby

Joby Aviation, Inc. (NYSE:JOBY)

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Joby’s all-electric vertical takeoff and landing aircraft. Credit: Joby Aviation

Joby Reports Second Quarter 2025 Financial Results

Santa Cruz, CA. - Aug. 6, 2025 - Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today issued its Second Quarter 2025 Shareholder Letter (https://joby-site.cdn.prismic.io/joby-site/aJLM1qTt2nPbZ4gx_JobyAviation2025-Q2-ReportHighRes.pdf) detailing the company’s operational and financial results for the quarter ending June 30, 2025. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.

Second Quarter 2025 Highlights include:

●Commencing Final Assembly of first TIA Aircraft: Joby is preparing for final assembly of the first of several conforming aircraft intended for Type Inspection Authorization flight testing. Joby expects its pilots to start flying this aircraft in 2025, with FAA pilots following shortly thereafter to directly evaluate the aircraft’s performance and safety. This testing is central to the certification process and forms a key part of the fifth, and final, stage of the type certification process.

●Certification Progress: Joby is now 70 percent complete on its side of stage four of its Federal Aviation Administration (FAA) type certification program, and more than 50 percent complete

on the FAA side (up 10 points from the first quarter of 2025).

●Dubai Flight Testing: Joby completed 21 full-transition flights in a multi-week campaign in Dubai this summer to validate commercial readiness. The campaign validated several aspects of commercial market readiness in real-world conditions, spanning maintenance, logistics, aircraft capabilities and infrastructure.

●New Defense Opportunities: The company announced a new collaboration with L3Harris to develop a gas turbine hybrid variant of its existing aircraft to pursue low-altitude defense opportunities. The collaboration combines Joby’s existing commercial aircraft development program and leading manufacturing capabilities with L3Harris’ proven expertise on platform missionization. Joby plans to start flight testing this fall and perform operational demonstrations during government exercises in 2026.

●Accelerating commercialization: Joby entered a definitive agreement to acquire Blade Air Mobility, Inc.’s passenger business. The planned acquisition is expected to unlock immediate market access and infrastructure across key urban corridors in New York City and Southern Europe. In addition, new agreements with Abdul Latif Jameel and ANA will explore deployment of approximately 300 aircraft.

●Strong Balance Sheet: Joby ended the quarter with $991M of cash and short-term investments. The Company also closed on the first $250 million tranche of its previously announced $500 million strategic investment from Toyota.

●Expanded Manufacturing Facility: Joby completed the expansion of its Marina, California manufacturing site, which now spans 435,000 total square feet. With this additional space, the Company plans to double its production capacity at this site to 24 aircraft per year. At the same time, Joby’s newly renovated facility in Dayton, Ohio is coming online to support the manufacturing and testing of critical aircraft components. Over time, the Dayton facility is expected to be capable of producing up to 500 aircraft per year.

Commenting on Joby’s second quarter results, JoeBen Bevirt, founder and CEO, said, “This is a pivotal moment. Regulatory progress around the world is unlocking market access, our commercialization strategy is taking hold, and we’re now focused on scaling production to meet real demand—a challenge we’re fully committed to and working hard to deliver on.”

Joby ended the second quarter of 2025 with $991 million in cash, cash equivalents, and investments in marketable securities. Joby continues to estimate that our use of cash, cash equivalents and short-term investments during 2025 will range between $500–$540 million, excluding any potential impact of its proposed acquisition of the passenger business of Blade.

Second Quarter Financial Results Webcast Details:

What: Joby Second Quarter 2025 Financial Results Webcast

When: Wednesday, August 6, 2025

Time: 2:00 p.m. PT (5:00 p.m. ET)

Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (www.jobyaviation.com).

If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.

About Joby

Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and

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Joby Reports Second Consecutive Quarter of Record Certification Progress, Appoints CFO

James “Buddy” Denham at the controls of a Joby aircraft in the skies over Marina, CA. Joby Aviation photo

Santa Cruz, CA, May 07, 2025 — Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today issued its First Quarter 2025 Shareholder Letter detailing the company’s operational and financial results for the period ending March 31, 2025. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.

Joby also announced today the appointment of Rodrigo Brumana as Chief Financial Officer, effective May 29, 2025. Brumana is a seasoned Silicon Valley CFO, with experience scaling complex global finance operations at HP, Amazon, eBay and, most recently, Poshmark. Earlier in his career, Brumana worked in complex manufacturing at Fairchild Semiconductor and Palm, Inc.

First Quarter 2025 Highlights include:

•Record Certification Progress: We made record progress on the certification of our aircraft for a second quarter in a row, reinforcing Joby’s leadership position in our sector.

•Pilot-on-Board Transition Flights: We became the first electric air taxi company to move to routine transition flights with a pilot onboard the aircraft, marking a critical step towards starting FAA flight testing.

•Partnership with Virgin Atlantic: We formed a partnership with Virgin Atlantic to launch air taxi services in the UK, starting with their hubs at London Heathrow and Manchester.

•Strong Balance Sheet: We ended the quarter with $813 million in cash and short-term investments, not including the additional $500 million commitment from Toyota.

•Fifth Aircraft from Pilot Production Line: The fifth aircraft to be produced on our Pilot Production Line in Marina, CA has been powered on for the first time.

•Expanded Manufacturing Facility: Our expanded manufacturing facility, which more than doubles our existing footprint in Marina, CA, is nearing completion and is set to be handed over next month.

Commenting on Joby’s first quarter results, JoeBen Bevirt, founder and CEO, said: “I’m confident that the incredible progress we have made this quarter – the tangible progress on certification, the demonstrated flight hours and transition flights, and rolling yet another aircraft off our production line - puts Joby firmly in a leadership position in our sector.

“With the US government leaning in on both the state and the federal level and the Joby team not just delivering, but accelerating, we are securing America’s leadership role in the adoption of this important new technology.

“This quarter’s move to routine inhabited transition flight was a key moment on that journey, marking a critical unlock toward beginning TIA flights with the FAA, and I’m proud of the dedication and professionalism of the Joby team behind this achievement.”

Commenting on the appointment of Rodrigo Brumana as CFO, Bevirt added, “We’re excited to welcome Rodrigo back to his roots in hardware. We were impressed by his strong track record of driving growth at global companies and his focus on efficient operations. I’m confident his pragmatic and tactical approach will serve Joby well as we scale our manufacturing and prepare for commercial operations.”

Joby ended the first quarter of 2025 with $813 million in cash, cash equivalents, and investments in marketable securities. This balance does not include expected Toyota investments totaling $500 million, to be made in two equal tranches of $250 million1. Joby and Toyota have finalized the agreements necessary to close the first tranche of the investment from Toyota, which is expected to be reflected in the company’s Q2 cash balance.

First Quarter Financial Results Webcast Details:

What: Joby First Quarter 2025 Financial Results Webcast

When: Wednesday, May 07, 2025

Time: 2:00 p.m. PT (5:00 p.m. ET)

Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (www.jobyaviation.com).

If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.

1 The Toyota investment is subject to closing conditions described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on October 2, 2024, and is not guaranteed.

About Joby

Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.

Forward Looking Statements

This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions

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Joby Reports Record Certification Progress and Delivery of Second Aircraft to US Air Force at Edwards Air Force Base

•Joby reports Fourth Quarter and Full Year 2024 results

•Record progress on stage four of FAA certification

•Delivery of second aircraft to U.S. Air Force

•Plans to carry first passengers in late 2025 or early 2026

•More than $1B of additional funding and commitments made in the fourth quarter

Joby delivered a second electric air taxi to Edwards Air Force Base during the quarter, pictured here. Joby Aviation photo

Santa Cruz, CA, February 26, 2025 — Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today issued its Fourth Quarter and Full Year 2024 Shareholder Letter (https://joby-site.cdn.prismic.io/joby-site/Z75z057c43Q3gO6b_Joby-Aviation_2024-Q4-Shareholder-Letter.pdf) detailing the company’s operational and financial results for the period ending December 31, 2024. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.

Fourth Quarter 2024 Highlights include:

●Record Certification Progress: We made record progress on the fourth of five stages required to certify our aircraft for commercial passenger use in the US. We expect Type Inspection Authorization (“TIA”) flight testing to begin in the next 12 months.

●Defense Partnerships: We delivered a second aircraft to Edwards Air Force Base as part of our work with the U.S. Department of Defense. We now have five aircraft in our flight test fleet, including a hydrogen-hybrid aircraft.

●First Passenger Operations: We plan to deliver an aircraft to Dubai in the middle of 2025 to complete flight testing ahead of carrying our first passengers in late 2025 or early 2026.

●Strong Balance Sheet: We received more than $1B of additional funding and commitments in the fourth quarter.

●Successful demonstration flights in Korea: We became the first company to fly an electric air taxi as part of Korea’s K-UAM Grand Challenge.

Commenting on Joby’s full year results, JoeBen Bevirt, founder and CEO, said: “The sector-leading progress we made throughout 2024 puts Joby in a great position to capitalize on the opportunities presented by America’s renewed focus on innovation and manufacturing.

“As well as delivering record progress on certification, we scaled our manufacturing, delivered two aircraft to the Department of Defense and flew 561 miles with a hybrid, hydrogen-electric variant of our aircraft, bringing the flight test fleet to a total of five aircraft.

“The next 12 months mark a critical inflection point, not just for Joby, but for our entire industry, as we look ahead to carrying our first passengers, and I’m proud that Joby continues to lead the way towards this new era of flight.”

Joby ended the fourth quarter of 2024 with $933 million in cash, cash equivalents, and investments in marketable securities. This balance does not include expected Toyota investments totaling $500 million, to be made in two equal tranches of $250 million. All regulatory approvals are now in place for the first tranche of this investment to be made.

Fourth Quarter and Full Year Financial Results Webcast Details:

What: Joby Fourth Quarter and Full Year 2024 Financial Results Webcast

When: Wednesday, February 26, 2025

Time: 2:00 p.m. PT (5:00 p.m. ET)

Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (www.jobyaviation.com).

If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.

About Joby

Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.

Forward Looking Statements

This release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft, the growth of our manufacturing capabilities, our regulatory outlook, progress and timing, including our plans to begin Type Inspection Authorization flight testing in the next 12 months; our planned operations with the Department of Defense; plans and timing related to certification and operation of our aircraft in the United Arab Emirates, including our plans to deliver our first aircraft to Dubai and begin in-market testing in mid-2025 and plans to carry our first passengers in late 2025 or early 2026; the expected timing of the Toyota investment; our business plan, objectives, goals and market opportunity; and our current exp

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Joby Reports Third Quarter 2024 Results

A Joby production prototype electric air taxi flying in front of Mount Fuji in Shizuoka, Japan. Photo: Joby Aviation

Santa Cruz, CA, November 6, 2024 — Joby Aviation, Inc. (NYSE:JOBY), a next-generation aviation company, today issued its Third Quarter 2024 Shareholder Letter (https://joby-site.cdn.prismic.io/joby-site/ZyuVPq8jQArT0VMi_JobyQ32024ShareholderLetter.pdf) detailing the Company’s operational and financial results for the period ending September 30, 2024. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.

Third Quarter 2024 Highlights:

●First International Demonstration: We completed a number of exhibition flights at Toyota’s Higashi-Fuji Technical Center in Japan, using our third production prototype aircraft which rolled off the production line less than three months prior.

●Test and Certification: We reached a major landmark on our journey to type certification with the completion of our first FAA-conforming major sub-assembly, an aircraft tail. Our fourth production prototype is nearing completion and will join our flight test program shortly.

●Regulatory Progress: Important progress was made with regulators in each of our targeted launch markets. In the U.S., we welcomed the publication of new operating regulations that lay the groundwork for the launch of commercial operations.

●Toyota Investment: Building on nearly seven years of collaboration, Toyota committed to investing an additional $500 million in Joby, as part of an agreement that includes plans to establish a manufacturing alliance.

●Strong Financial Foundation: At the end of the third quarter of 2024, we maintained a strong balance sheet with $710 million in cash and short-term investments. This balance does not include the approximately $222 million raised through a follow-on equity offering completed in October 2024 or the expected Toyota investments totaling $500 million.

Third Quarter Financial Results Webcast Details:

What: Joby Third Quarter 2024 Financial Results Webcast

When: Wednesday, November 6, 2024

Time: 2:00 PM PT (5:00 PM ET)

Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (www.jobyaviation.com).

If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.

About Joby

Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.

Forward Looking Statements

This shareholder letter contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft, the growth of our manufacturing capabilities, our regulatory outlook, progress and timing, including expected certification progress, manufacturing and flight test capabilities and timing; our business plan, objectives, goals and market opportunity; the expected timing of the Toyota investment and plans to establish a manufacturing alliance; and our current expectations relating to our business, financial condition, results of operations, prospects, capital needs and growth of our operations. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”,

“estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to launch our air taxi service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project; complexities related to obtaining certification and operating in foreign markets, including the need to negotiate additional definitive agreements related to such operations; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; the Toyota investment is subject to satisfaction of the closing conditions and risks relating to Job

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Joby Rolls Third Aircraft Off Production Line, Reports Second Quarter 2024 Financial Results

Two of Joby’s battery-electric production prototype aircraft in Marina, California, with the company’s hydrogen-electric technology demonstrator in flight above. Joby Aviation Photo

Santa Cruz, CA, August 7, 2024 — Joby Aviation, Inc. (NYSE:JOBY), a next-generation aviation company, today announced it has rolled its third production prototype aircraft off the company’s pilot production line in Marina, CA, with four aircraft expected to be in active flight test during the next quarter. The news came as the company issued its Second Quarter 2024 Shareholder Letter (https://joby-site.cdn.prismic.io/joby-site/ZrNfh0aF0TcGIvxV_JobyQ22024ShareholderLetter.pdf), detailing the Company’s operational and financial results for the period ending June 30, 2024. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.

Second Quarter 2024 Highlights:

●Production Ramp-Up. We expect to have four aircraft in active flight test during the next quarter, with the second production prototype now in flight test and the third having rolled off the production line.

●Certification Progress. The fourth of five stages of type certification is now 37% complete on the Joby side, with numerous test plans submitted and accepted during the quarter. We expect progress in the fourth stage to accelerate in the remainder of 2024.

●International Expansion. We applied for certification in Australia and signed a memorandum of understanding with Mukamalah, a wholly owned subsidiary of Saudi Aramco and operator of the world’s largest fleet of corporate aircraft, to introduce our aircraft to the Kingdom of Saudi Arabia via direct sales.

●Future Technologies. We flew a first-of-its-kind, hydrogen-electric air taxi demonstrator 561 miles and acquired the autonomy division of Xwing, an industry leader in the development of autonomous technology for aviation.

●Strong Financial Foundation. We maintained a strong balance sheet with $825 million in cash and short-term investments at the end of the second quarter.

Second Quarter Financial Results Webcast Details:

What: Joby Second Quarter 2024 Financial Results Webcast

When: Wednesday, August 7, 2024

Time: 2:00 PM PT (5:00 PM ET)

Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (www.jobyaviation.com).

If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.

About Joby

Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.

Forward Looking Statements

This shareholder letter contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft, the growth of our manufacturing capabilities, our regulatory outlook, progress and timing, including expected certification progress, manufacturing and flight test capabilities and timing; our plans to sell aircraft into the Saudi Arabian market; our business plan, objectives, goals and market opportunity; and our current expectations relating to our business, financial condition, results of operations, prospects, capital needs and growth of our operations. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These

statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to launch our air taxi service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project; complexities related to obtaining certification and operating in foreign markets, including the need to negotiate additional definitive agreements related to such operations; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards

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Joby Reports First Quarter 2024 Results

Joby rolled its second production prototype aircraft off the line as the company announced the start of work on an expansion to its manufacturing facilities in Marina, California. Joby Aviation Photo

Santa Cruz, CA, May 7, 2024 — Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today issued its First Quarter 2024 Shareholder Letter (https://joby-site.cdn.prismic.io/joby-site/Zjosb0MTzAJOCnBG_Joby2024Q1FinancialReport.pdf) detailing the Company’s operational and financial results for the period ending March 31, 2024. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.

First Quarter 2024 Highlights:

●Production Ramp-Up. Our second production prototype aircraft rolled off our Pilot Production Line and is expected to join our first production prototype at Edwards Air Force Base later this year, with two further aircraft now in final assembly. We broke ground on an expanded production facility in Marina, CA and acquired an existing facility in Dayton, OH to support initial scaled manufacturing operations.

●Certification and Testing. We became the first - and so far only - electric air taxi company to have their final airworthiness criteria published by the FAA. We submitted

our first system-level test plans and began building our first FAA-conforming tail. We completed our pre-production flight test program, having completed more than 1,500 full-scale eVTOL flights.

●Expanded UAE Partnership. We signed a multilateral agreement with three Abu Dhabi government departments to support the development of an electric air taxi ecosystem in the Emirate, building on our recent agreement with the government of Dubai which grants us the exclusive right to operate air taxis in the Emirate.

●Broadened DoD Collaboration. We widened our partnership with the U.S. Air Force through a commitment to deliver two aircraft to MacDill Air Force Base in 2025.

●Strong Financial Foundation. At the end of the first quarter of 2024, we maintained a strong balance sheet with $924 million in cash and short term investments. Our use of cash in the quarter reflected spending to progress aircraft certification and manufacturing operations.

First Quarter Financial Results Webcast Details:

What: Joby First Quarter 2024 Financial Results Webcast

When: Tuesday, May 7, 2024

Time: 2:00 PM PT (5:00 PM ET)

Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (www.jobyaviation.com).

If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.

About Joby

Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft, the growth of our manufacturing capabilities, our regulatory outlook, progress and timing; our business plan, objectives, goals and market opportunity; and our current expectations relating to our business, financial condition, results of operations, prospects, capital needs and growth of our operations. You can identify forward-looking statements by the fact that they do not relate strictly to

historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to launch our aerial ridesharing service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project, and our ability to launch our service; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; our reliance on third-party suppliers and service partners; uncertainties related to our estimates of the size of t

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Joby Aviation Reports Fourth Quarter and Full Year 2023 Results

During Q4 2023, Joby completed the first-ever flight of an electric air taxi in New York City. Joby Aviation Photo

Santa Cruz, CA, February 21, 2024 — Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today issued its Fourth Quarter and Full Year 2023 Shareholder Letter (https://prismic-io.s3.amazonaws.com/joby-site/7608ac21-ece9-4c0e-88f3-2468d372b0ed_Joby-Q4-2023-Report-Final.pdf) detailing the company’s operational and financial results for the period ending December 31, 2023. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.

Fourth Quarter 2023 Highlights:

●Certification and Testing. With Stage 3 complete and all of our certification plans accepted, our focus is now on completing for-credit testing with the FAA. We successfully completed 30 for-credit pathfinder tests during the quarter. We now have four conforming manufacturing lines established.

●Preparing for Operations. We worked with the FAA to complete precision landing tests, worked with NASA to simulate airspace management and received our Part 145 Repair Station Certificate from the FAA.

●New York City Piloted Flight. The iconic Downtown Manhattan Heliport served as the base for the first ever electric air taxi flight in New York City. The flight was part of a press conference hosted by Mayor Eric Adams, where he announced the city’s plan to electrify the heliport.

●Exclusivity in Dubai. We signed a definitive agreement with the government of Dubai that grants Joby exclusive rights to operate air taxis in the Emirate for six years. The agreement includes financial support and identifies a regulatory pathway to enable early operations.

●Strong Financial Foundation. At the end of the fourth quarter of 2023, we had $1.0 billion in cash and short-term investments. Net cash used in operating activities and purchases of property, plant and equipment totaled $91 million in the fourth quarter. For the full year, cash used in operating activities and purchases of property, plant and equipment totaled $344 million.

●2024 Outlook. Our priority in 2024 will be progressing the certification and manufacturing of our aircraft. We expect to increase our focus on commercialization as we prepare to enter commercial service in 2025. During the year, we plan to extend our flight exhibition series to additional key markets and expand our engagement with the Department of Defense by committing at least two more aircraft as part of our existing contract. We also expect to begin component manufacturing in Dayton, Ohio, and to break ground on expanding our low-volume manufacturing plant in Marina, California. We estimate that our use of cash, cash equivalents and short-term investments during 2024 will range between $440 – $470 million.

Fourth Quarter and Full Year Financial Results Webcast Details:

What: Joby Fourth Quarter and Full Year 2023 Financial Results Webcast

When: Wednesday, February 21, 2024

Time: 2:00 p.m. PT (5:00 p.m. ET)

Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (www.jobyaviation.com).

If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.

About Joby Aviation

Joby Aviation, Inc. (NYSE: JOBY) is a California-based transportation company developing electric air taxis for commercial passenger service. To learn more, visit www.jobyaviation.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft; the growth of our manufacturing capabilities, including our planned manufacturing facility in Dayton, Ohio and our ongoing plans for our facilities in California; our regulatory outlook, progress and timing, including our expectation to start commercial passenger service in 2025; expected benefits of our contract with the Department of Defense, including the timing of potential aircraft deliveries; our business plan, objectives, goals and market opportunity in the U.S. and foreign markets; our planned operations in Dubai; initial target markets; and our current expectations relating to our business, financial condition, results of operations, prospects, capital needs and growth of our operations, including the expected benefits of our vertically-integrated business model and our expected cash usage for fiscal year 2024.

You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may incl

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Joby Aviation Reports Third Quarter 2023 Results

During Q3 2023, Joby completed a series of flight tests in Marina, California, with four different pilots on board the aircraft, demonstrating the ease of conducting a number of maneuvers that pilots will be required to perform during normal operations. Joby Aviation Image

Santa Cruz, CA, November 1, 2023 — Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today issued its Third Quarter 2023 Shareholder Letter (https://prismic-io.s3.amazonaws.com/joby-site/398bd747-24ff-4f94-a65d-4973a031c234_Joby-Q3-2023-Shareholder-Letter.pdf) detailing the company’s operational and financial results for the period ending September 30, 2023. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.

Third Quarter 2023 Highlights:

●Certification Progress. Stage three nearing completion, with 84% of Certification Plans now accepted by FAA, including Energy Storage and Distribution System Plan, which covers batteries and high-voltage power distribution.

●First Delivery. A Joby aircraft became the first electric air taxi delivered to the U.S. Air Force — months ahead of schedule — as part of the Company’s $131 million contract with the Department of Defense.

●Pilot on Board. Joby’s flight test program was expanded to include flight with a pilot on board. Four Joby pilots completed flights that included forward transitions to semi-thrust borne flight.

●Building the Future. Three aircraft are now in production at Joby’s Pilot Production Facility in Marina. Dayton, OH, was selected as the site for the Company’s first scaled manufacturing facility, with state and local agencies offering incentives and benefits totaling up to $325 million in support.

●Strong Financial Foundation. At the end of the third quarter of 2023, Joby had $1.1 billion in cash and short-term investments.

Third Quarter Financial Results Webcast Details:

What: Joby Third Quarter 2023 Financial Results Webcast

When: Wednesday, November 1, 2023

Time: 2:00 p.m. PT (5:00 p.m. ET)

Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (www.jobyaviation.com).

If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.

About Joby Aviation

Joby Aviation, Inc. (NYSE: JOBY) is a California-based transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft, our regulatory outlook, progress and timing; our business plan, objectives, goals and market opportunity in the U.S. and foreign markets;and our current expectations relating to our business, financial condition, results of operations, prospects, capital needs and growth of our operations. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These

statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to launch our aerial ridesharing service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project, and our ability to launch our service; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; our reliance on third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for our service and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on March 1, 2023, and in future filings and other reports we file with or furnish to the SEC. Any such forward-looki

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Joby Aviation Reports Second Quarter 2023 Results

Joby’s production prototype eVTOL aircraft at the company’s pilot manufacturing facility in Marina, California, with the company’s pre-production prototype behind it. Joby Aviation image

Santa Cruz, CA, August 2, 2023 — Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, today issued its Second Quarter 2023 Shareholder Letter (https://prismic-io.s3.amazonaws.com/joby-site/b996e958-ce80-4c7a-8cc1-865b5be00541_Joby-Q2-2023-Shareholder-Letter.pdf) detailing the company’s operational and financial results for the period ending June 30, 2023. The company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET) today.

Second Quarter 2023 Highlights:

●Production Launched. Joby’s first production prototype rolled off the line and has begun flight testing.

●All Certification Plans Submitted. More than two-thirds of certification plans already accepted by FAA.

●Industry-Leading Balance Sheet Further Strengthened. Joby further strengthened its balance sheet with new funding of $280 million from investments by Baillie Gifford and SK Telecom.

Second Quarter Financial Results Webcast Details:

What: Joby Second Quarter 2023 Financial Results Webcast

When: Wednesday, August 2, 2023

Time: 2:00 p.m. PT (5:00 p.m. ET)

Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (www.jobyaviation.com).

If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.

About Joby Aviation

Joby Aviation, Inc. (NYSE: JOBY) is a California-based transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of our aircraft, our regulatory outlook, progress and timing; our business plan, objectives, goals and market opportunity in the U.S. and foreign markets;and our current expectations relating to our business, financial condition, results of operations, prospects, capital needs and growth of our operations. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: our ability to launch our aerial ridesharing service and the growth of the urban air mobility market generally; our ability to produce aircraft that meet our performance expectations in the volumes and on the timelines that we project, and our ability to launch our service; the competitive environment in which we operate; our future capital needs; our ability to adequately protect and enforce our intellectual

property rights; our ability to effectively respond to evolving regulations and standards relating to our aircraft; our reliance on third-party suppliers and service partners; uncertainties related to our estimates of the size of the market for our service and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in our Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on March 1, 2023, and in future filings and other reports we file with or furnish to the SEC. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this presentation. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

Contact Details

Investors:

investors@jobyaviation.com

Media:

press@jobyaviation.com