This California-Based Company Could Be a High-Potential eVTOL Play Right Now

Business Model - Joby Aviation's business model focuses on providing transportation services rather than selling eVTOL aircraft to third parties, which allows for potentially greater upside through recurring revenues [2][5] - The company plans to operate under a vertically integrated model, manufacturing, owning, and operating its aircraft while offering an app-based aerial ridesharing service [4][5] Partnerships and Collaborations - Joby has a long-term partnership with Uber Technologies, having acquired Uber's Elevate planning unit and received a $75 million investment from Uber [6] - The company also acquired Blade's passenger business, integrating it into the Uber app for future eVTOL travel [6] - Joby collaborates with Toyota, which has committed to investing $894 million and is working with Joby's engineers on manufacturing solutions [9] Manufacturing Strategy - Unlike competitors like Archer Aviation and Vertical Aerospace, which rely on external partners for key components, Joby operates its own powertrain and electronics manufacturing facility [8] - This in-house manufacturing approach is part of Joby's strategy to maintain control over its technology and certification process [10] Certification Progress - Joby is ahead of competitors in the FAA certification process, being 77% complete on its side and 55% complete on the FAA side, with plans to begin certification flights early next year [11] - Archer is reported to be behind Joby in the certification process, indicating a potential advantage for Joby in terms of regulatory approval [11] Investment Potential - The combination of greater upside potential and relatively less risk due to Joby's progress in certification makes it an attractive stock for investors interested in the eVTOL sector [12]