Joby Aviation receives $9.8M California Competes grant

Joby Aviation announced it has been awarded a $9.8M California Competes grant by the Governor’s Office of Business and Economic Development to support the company’s continued statewide expansion. The $9.8M grant will assist in financing a significant expansion of Joby‘s facilities in Marina, California – supporting higher manufacturing volumes and initial training for pilots and aircraft maintainers – as well as continued hiring at the Company’s other offices located in San Carlos and Santa Cruz, California. As part of the agreement, Joby has committed to invest $41.3M and create 690 additional full-time jobs in the state by 2027. The CalCompetes grant enables Joby to accelerate early manufacturing in California to support the Company’s ongoing type certification program with the Federal Aviation Administration as well as for initial commercial operations, expected to begin in 2025.