Joby Flies Quiet Electric Air Taxi in New York City

• First ever electric air taxi flight in New York City
• Joby participates in event announcing electrification of Downtown Manhattan Heliport
• Joby plans to launch commercial passenger service in 2025

Joby Aviation, Inc. (NYSE:JOBY), a company developing electric vertical take-off and landing (eVTOL) aircraft for commercial passenger service, today announced that it successfully performed an exhibition flight in New York City yesterday, marking the first ever electric air taxi flight in the city and the first time Joby has flown in an urban setting.

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Joby’s electric air taxi in the skies above New York City, piloted by James “Buddy” Denham. Joby Aviation Image

The aircraft was flown on Sunday, November 12th, from the iconic Downtown Heliport in Manhattan, NY, where today, New York City Mayor, Eric Adams, announced the city’s intention to electrify the heliport, laying the groundwork for New York to become the global leader in the adoption of clean, quiet flight. Joby’s Manhattan flight and participation in the press conference – during which the aircraft is expected to fly again – follows several days of preparation flights at the HHI Heliport in Kearny, New Jersey.

“By electrifying one of the most famous heliports in the world, New York is demonstrating global leadership in the adoption of electric air travel. We’re grateful for the support of the city, and we’re honored to be working with visionary partners like Delta Air Lines to bring our air taxi service to this market,” said JoeBen Bevirt, Founder and CEO of Joby Aviation. “We plan to make quiet, emissions-free flight an affordable, everyday reality for New Yorkers, while significantly reducing the impact of helicopter noise.”

Joby previously announced through its partnership with Delta Air Lines that it expects New York to be one of its early launch markets after receiving certification from the Federal Aviation Administration (FAA). The company plans to offer fast, quiet journeys using its piloted, four-passenger electric aircraft which has zero operating emissions. Joby’s aircraft is optimized for rapid, back-to-back flights and can fly up to 100 miles on a single charge, covering 99% of all trips taken today across New York City’s five boroughs. While traveling from Manhattan to John F. Kennedy International Airport (JFK) can take more than an hour by car, Joby expects the trip to take just seven minutes by air.

“The Adams Administration has been a leader in driving technology innovation and economic growth while simultaneously improving quality of life,” said New York City Economic Development Corporation (NYCEDC) President & CEO Andrew Kimball. “EDC’s new strategy for the Downtown Manhattan Heliport reflects these priorities while making it an industry leader in the embrace of eVTOLs – a quieter and greener helicopter alternative – while at the same time facilitating maritime freight with last mile e-bike deliveries that takes trucks off the roads.”

Joby and Delta are working closely with the Port Authority of New York and the New York City Economic Development Corporation (EDC) as they plan for initial operations, including the development of infrastructure at JFK and LaGuardia International Airport (LGA). This builds on significant recent investments Delta has made in upgrading the customer experience at its New York hubs.

“Delivering exceptional experiences for our customers is why Delta has invested over $7B in New York City, especially at our LaGuardia and JFK hubs,” said Gail Grimmett, SVP of Sustainability Performance and Strategic Partnerships at Delta. “Today’s announcement demonstrates the great progress that’s been made toward launching clean, quiet and convenient air taxi services for Delta customers traveling to and from New York, and is a testament to our innovative partners at Joby and the support of Mayor Eric Adams in advancing new and sustainable technologies.”

Joby’s aircraft was designed to have a radically lower acoustic footprint than today’s helicopters, allowing it to operate in densely populated areas such as New York City without adding to the background noise. In 2022, Joby collaborated with NASA to measure the sound of its aircraft, confirming it registered the equivalent of 45.2 A-weighted decibels (dBA) when flying overhead at an altitude of 1640 feet (500 meters) – quieter than a typical conversation.

Joby has flown more than 30,000 miles with its full-scale prototype eVTOL aircraft, beginning in 2017. The Company recently celebrated the first aircraft to roll off its Pilot Production Plant in Marina, California, and delivered the first-ever electric air taxi to the US Air Force for on-base operational testing. Joby expects to launch its commercial passenger service in 2025.

Media assets, including photos and footage of Joby’s aircraft flying in New York City, as well as animation simulating Joby’s acoustic footprint in the city, are available here.

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, our regulatory outlook, progress and timing, including our expectation to start commercial passenger service in 2025 and the expected timing of type certification; our planned operations with the Department of Defense; our business plan, objectives, goals and market opportunity; plans for, and potential benefits of, our strategic partnerships, including the markets in which we expect to launch; 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 press release. 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.

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