Joby Aviation and Toyota Launch 51/49 JV for S4 eVTOL Production
JOBY•Joby Aviation and Toyota launched JTAMPC, a Delaware JV where Toyota holds 51% and Joby 49%, to manufacture S4 eVTOL air taxis under an exclusive royalty-free license. The stock rallied over 5%, trading at $9.08, halting a six-day slide and eyeing its first quarterly gain after a 34.6% year-to-date deficit.
1. Joint Venture Formation
Joby Aviation and Toyota Motor Corporation established the Joby Toyota Aero Manufacturing Preparation Company (JTAMPC) on June 30, 2026, to prepare for commercial production of Joby's S4 electric vertical takeoff and landing aircraft.
2. Ownership, Governance, and Licensing
Toyota holds a 51% stake in JTAMPC and appoints three directors, while Joby owns 49% with two board seats. JTAMPC secured an exclusive, royalty-free license to manufacture the S4 series and access associated intellectual property.
3. Strategic and Market Impact
The joint venture aims to enhance manufacturing quality, reduce costs, and expand production capacity for aircraft certification and growing demand. Joby's shares rose over 5%, trading around $9.08 and breaking a six-day decline while aiming for its first quarterly gain after a 34.6% year-to-date drop.
