The funds will be used to help Joby complete the lengthy Type 2 certification process with the Federal Aviation Administration and support commercial production of its electric vertical takeoff and landing aircraft. Joby is in the fourth of five stages of the type certification and aims to launch a commercial air taxi business in 2025. The company also recently rolled its third aircraft off its pilot production line in Marina, California, and broke ground on an expanded facility in California that will more than double its manufacturing footprint.
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