The eVTOL (electric vertical take-off and landing) start-up Joby Aviation has completed the first system tests and compliance checks by the Federal Aviation Administration and received the approvals. The company, therefore, feels that its development approach has been validated and intends to continue working on the product design.
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The Californian aviation company Joby has raised $590 million in series C financing to launch their air taxi service. The funding will go into the development and commercialization of Joby’s five seated VTOL.
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Joby Aviation is another new name in the electric aviation business and is coming in hot with an impressive 100 million dollars in funding and backers such as Intel, Toyota and JetBlue. Plans include an all-electric, five seated vertical take-off and landing (eVTOL) aircraft.
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