The Wright Brothers, who created and piloted the first powered aircraft, resided in Dayton, where they also established the nation’s first airplane factory in 1910. Wright-Patterson Air Force Base, the U.S. government’s main office, and other facilities are located in the city. Joby’s air taxi has been developed with significant assistance from Air Force Research Laboratories.
Joby intends to construct a facility at the Dayton International Airport that can deliver up to 500 aircraft annually and support up to 2,000 jobs. The 140-acre location it chose has the capacity to accommodate sizeable future growth, offering enough space to construct up to two million square feet of manufacturing space. The scaled-down Ohio facility is anticipated to begin construction in 2024, and it is anticipated to go online in 2025. In the short term, Joby intends to start operations in already-existing buildings close by.
The State of Ohio, JobsOhio, and local political subdivisions have provided incentives and benefits worth up to $325 million to support the construction of the facility, and Joby intends to invest up to $500 million as it expands operations there. Today, Joby also declares that the U.S. has extended an invitation to it. S. Department of Energy to submit a Part II Application for funding under the Title XVII Loan Guarantee Program, which enables access to low-interest loans for clean energy projects and would support the expansion of the facility.
Toyota, a long-term investor in Joby, has plans to continue advising the company as it gets ready to ramp up production of its commercial passenger air taxi in Ohio. Toyota and Joby collaborated on the design and successful launch of the company’s Pilot Production Line in Marina, California.
“We’re building the future of aviation right where it all started, in Dayton, Ohio,” said JoeBen Bevirt, Founder and CEO of Joby. “The Wright Brothers harnessed revolutionary technology of their time to open up the skies, and we intend to do the same — this time, bringing quiet and emissions-free flight that we hope will have an equally profound impact on our world.
Joby Production Launch – eVTOL Aircraft Roll-Out Event
Joby Subsidiary H2FLY Completes World’s First Piloted Flight of Liquid Hydrogen Powered Electric Aircraft
H2FLY, a wholly-owned subsidiary of Joby Aviation, announced the successful completion of the world’s first piloted flight of a liquid hydrogen-powered electric aircraft.
H2FLY, acquired by Joby in 2021, continues to lead the industry on the development and testing of hydrogen aviation propulsion systems. The company completed a series of piloted flights with its HY4 demonstrator aircraft, including one that lasted more than three hours, fitted with a hydrogen-electric fuel cell propulsion system and liquid hydrogen that powered it for the entire flight.
The flights demonstrate the viability of using cryogenically-stored liquid hydrogen instead of gaseous hydrogen, which enables significantly lower tank weights and volume, leading to longer range. The successful installation and demonstration of flight with liquid hydrogen is believed to increase the range of H2FLY’s HY4 demonstrator aircraft from 466 mi (750 km) to 932 mi (1500 km), marking a critical step towards the long-term decarbonization of mid- to long-range aviation.
“H2FLY are pioneers in their field, and we’re proud of them achieving this watershed moment in the use of liquid hydrogen to power aircraft,” said JoeBen Bevirt, Founder and CEO of Joby Aviation. “In the years to come, battery-electric and hydrogen-electric propulsion systems will enable us to build aircraft that are quieter and make mid- to long-range air travel possible with zero emissions. It’s critical we take action now and invest aggressively in these technologies for the health of our planet and future generations to come.”
World’s first liquid hydrogen-powered plane unveiled
The Problem With Joby Aviation Is Stock Dilution
My many years of experience in investing in small companies has taught me the hard lesson that when a new disruptive technology is introduced, massive stock dilution to raise the money needed to complete such an endeavor is always needed.
Even with huge government grants, the company will likely need to dilute its stock in order to get the business “off the ground” (pun intended).
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