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Joby Aviation (JOBY) Soars 11% on Air Taxi Progress

Group 1: Company Performance - Joby Aviation, Inc. (NYSE:JOBY) experienced a significant increase of 11.3% on Monday, closing at $17.43, marking the end of a three-day losing streak due to renewed optimism in the electric vertical take-off and landing (eVTOL) industry [1][4] - Joby Aviation is recognized as one of the two leading eVTOL companies in the US, alongside Archer Aviation Inc. (NYSE:ACHR) [4] Group 2: Industry Developments - Florida announced the establishment of a new aerial test bed at the SunTrax facility in Polk County, which will feature two vertiports for eVTOL aircraft take-off and landing, aimed at attracting next-generation air transport companies [2] - The initiative is part of a broader effort in the US to develop air taxis, with Florida Governor Ron DeSantis highlighting the potential benefits of reducing road traffic through scalable and economical air transport solutions [3] Group 3: Financial Activities - Earlier this month, Joby Aviation successfully raised $591 million through the issuance of new shares, with the funds designated for certification, manufacturing, preparations for commercial operations, and general corporate purposes [4]