Joby to Launch Electric Air Taxi Service in UAE

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• Joby signs definitive agreement with government of Dubai
• Agreement grants Joby exclusive right to operate air taxis in Dubai for six years
• Service set to launch by early 2026
• Agreement covers regulatory approach for early operations and includes support for entry and maturing of service
• Joby also signed agreement with Skyports who will build and operate four vertiports in Dubai

Santa Cruz, CA, and Dubai, UAE — Joby Aviation, Inc. (NYSE:JOBY), a company developing all-electric aircraft for commercial passenger service, this week announced it has signed a definitive agreement with Dubai’s Road and Transport Authority (RTA) to launch air taxi services in the Emirate by early 2026, with Joby targeting initial operations as early as 2025.

The agreement, signed at the World Governments Summit in Dubai in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, provides Joby with the exclusive right to operate air taxis in Dubai for six years, and will position Dubai as a world leader in delivering the fast, clean and quiet air travel enabled by Joby’s revolutionary technology. The agreement secures a variety of support from the RTA, including financial mechanisms, for entry and maturing of service operations in Dubai.

JoeBen Bevirt, founder and CEO, Joby Aviation, said: “It is an honor to partner with the government of Dubai to demonstrate the value of sustainable air travel to the world.

“Today’s landmark agreement delivers on all three ingredients required to successfully launch an air taxi service – a definitive path to operations, well-placed infrastructure supported by dedicated partners, and an aircraft with the capacity and range to deliver meaningful journeys.

“We’re looking forward to delivering an incredible experience for residents and visitors to Dubai as early as 2025 and we’re excited to be laying the groundwork for the expansion of our service across the wider UAE.”

His Excellency Mattar Al Tayer, Director-General, Chairman of the Board of Executive Directors for RTA, commented on the agreement, saying, “the air taxi service is part of RTA’s efforts to embrace future transportation technologies and offers a novel and efficient mobility option for Dubai’s residents and visitors, enabling fast, safe, and convenient travel to key city spots. This service will also enhance seamless multimodal transportation, improving citywide connectivity, and ensuring a smooth travel experience for passengers.”

Joby additionally signed an agreement with Skyports, who will design, build and operate four initial vertiport sites across Dubai. RTA, Skyports and Joby have worked together to identify Dubai International Airport (DXB), Palm Jumeirah, Dubai Marina and Dubai Downtown as the launch locations for Dubai’s air taxi service.

Joby’s aircraft, which was displayed in the region for the first time at the World Governments Summit, is designed to carry a pilot and four passengers at speeds of up to 200 miles per hour and will be operated by the Company, with a journey from Dubai International Airport to Palm Jumeirah expected to take just 10 minutes compared with 45 minutes by car.

Joby and the RTA have been working closely with the General Civil Aviation Authority (GCAA) of the UAE to ensure there is a regulatory route to support His Highness Sheikh Mohammed’s vision of being a world leader in the introduction of air taxis. The GCAA regulatory framework builds upon FAA standards with additional company testing and analysis alongside a high level of regulator oversight and an ongoing operational review process to ensure continued safety for early operations.

RTA, Joby and Skyports will now work on a wide range of topics, from customer journey design to stakeholder engagement and the integration of Joby’s service into the wider public transport network in Dubai. To support the development of its operations in Dubai, Joby has established a local operating entity and intends to recruit locally for the majority of its operational team. The company will also consider localization of other global business activities in Dubai and across the region. Joby recently announced it will participate in the Smart and Autonomous Vehicle Industry (SAVI) cluster established by the Abu Dhabi Investment Office (ADIO), as part of exploring broader operations across the UAE.

In November 2023, Joby’s aircraft became the first electric air taxi to fly in New York City, building on a number of recent successes including the launch of production at the Company’s initial manufacturing facility in California in June 2023 and the first ever delivery of an electric air taxi to the U.S. Department of Defense in September 2023. Joby is listed on the New York Stock Exchange and has raised more than $2 billion of funding to date, including investments from Toyota, Delta Air Lines, SK Telecom, Uber and Baillie Gifford.

Media assets, including photos and footage of Joby’s aircraft, animations of anticipated Dubai air taxi routes and renders of Dubai skyport designs, are available here.

About Joby: Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.