Financial PositionFinancial position remains strong as its liquidity is now ~$1.4bn when you take into account its 4Q24 cash position and the $500mn commitment from Toyota.
FundingToyota’s first funding tranche of $250M is expected to close shortly, providing financial support for Joby’s operations.
Supply ChainJoby has built a more vertically integrated supply chain than peers, which could be beneficial as the team pursues opportunities in complementary markets such as defense.