Joby Aviation has launched a public offering to raise up to $200 million, which will be used to fund its certification and manufacturing efforts ahead of the commercial launch of its electric vertical takeoff and landing (eVTOL) aircraft in 2025. The company plans to use the funds to prepare for commercial launch alongside partners Delta Air Lines and Uber in New York City and Los Angeles, as well as in Dubai and Abu Dhabi. Joby's eVTOL firm has a $55 million contract with the Department of Defense and is expected to begin operations soon.

Source: https://techcrunch.com/2024/10/24/joby-launches-200m-public-offering-ahead-of-2025-commercial-evtol-release/