Joby Aviation has revealed plans to invest $41.3 million in a California facility that will create nearly 690 full-time jobs by 2027.
The aircraft firm, a key player in the electric vertical takeoff and landing (eVTOL) sector, received a $9.8 million grant from the state government.
This financial boost will allow the expansion of Joby’s facilities in Marina, California.
Read More: DOMA Technologies Will Bring 307 High-Tech Jobs To Virginia
Joby is preparing for heightened manufacturing volumes and providing initial training for pilots and aircraft maintainers.
The company will also hire at its San Carlos and Santa Cruz offices.
The motoring giant Toyota has assisted in designing the manufacturing lines in Marina.
It helped Joby to test the scalability of low-volume machines and processes before scaling up production.
Toyota is Joby’s largest shareholder with a $400 million investment.
It recently solidified its partnership through a long-term agreement to supply powertrain and actuation components.
Need Career Advice? Get employment skills advice at all levels of your career
Originally targeting a commercial launch in 2024, the grant announcement indicates an acceleration in early manufacturing.
It supports the commencement of initial commercial operations by 2025.
“Thrilled to be able to keep growing in California”.
JoeBen Bevirt, CEO of Joby, said: “We’re honored to receive a prestigious CalCompetes grant from our home state of California to support pilot training and the growth of our manufacturing facilities in advance of early operations.
Looking to boost your online brand? Create your FREE business profile at WhatBiz? Here.
He added that the company, founded in 2009, employs more than 1,250 people today and was “thrilled to be able to keep growing in California”.
Joby planned the initial aircraft manufacturing for California.
However, the company disclosed in September its intention to establish its first scaled plant in Dayton, Ohio.
This facility aims to produce up to 500 aircraft annually, creating 2,000 manufacturing jobs.
