Joby Aviation has doubled the size and production capacity of its pilot manufacturing facility in Marina, California as it races to commercialize eVTOLs (electric vertical takeoff and landing vehicles) by early next year. The now-435,500 square-foot facility will be able to produce 24 aircraft per year and "nearly one" every other week once fully operational, according to Joby. The facility will also support federal certification, ground and flight testing, pilot training, and aircraft maintenance. TechCrun ...

Joby Aviation has reached a tentative deal with investor and Saudi Arabian conglomerate Abdul Latif Jameel (ALJ) to distribute up to 200 electric aircraft valued at about $1 billion over the coming years. If finalized, the partnership could provide Joby with a fast path to monetizing its electric vertical takeoff and landing vehicles in Saudi Arabia.  “A question that folks have asked is, how are you going to monetize, and how quickly is that going to happen?” Paul Sciarra, the executive chairman of Joby’s ...