Joby, Archer: Flying Cars On A $1 Trillion Runway, But Still Not Cleared For Takeoff
1. Commercial eVTOL services may start in 12-18 months, with mass adoption by mid-2030s. 2. Joby receives a $250 million strategic investment from Toyota for certification and production. 3. Initial eVTOL revenues are expected to target high-end urban air mobility markets. 4. Regulatory certification and tech reliability remain significant obstacles for Joby. 5. JPMorgan warns of near-term turbulence despite a promising long-term outlook.