Joby and Toyota form 49/51 manufacturing JV for S4 eVTOL aircraft with future funding tied to $250M tranche

Filed June 30, 2026 · Period ending June 29, 2026 · ~1 min read

Key Changes

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  Joby (49%) and Toyota (51%) established joint venture to manufacture S4 Series eVTOL aircraft, with Toyota holding board control via three of five directors

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Parties must finalize exclusive manufacturing supply agreement and IP licenses before first funding milestone; failure to agree allows either party to terminate the JV

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Completion of future commercial agreements is a closing condition for Toyota's second $250M investment tranche under prior stock purchase agreement

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →