Joby Aviation stock soared as much as 44% on Wednesday after the company received a permit to begin flight testing.
The company launched its production line and expects to deliver the first ever eVTOL aircraft.
Joby has received investments from Toyota and Delta Air Lines, among others.
Joby received a Special Airworthiness Certificate for the first aircraft it built at its production line in Marina, California, according to a Wednesday press release from the company.
Toyota president and CEO of Toyota Motor North America Tetsuo Ogawa will join Joby's board of directors, according to Joby.
Persons:
Joby, —, Tetsuo Ogawa
Organizations:
Joby Aviation, Toyota, Delta Air Lines, Service, Toyota Motors, Toyota Motor, Edwards Air Force Base, US Air Force
Locations:
Marina , California, Manhattan, JFK