US venture-backed eVTOL company Joby Aviation has revealed its plans to open a $500m manufacturing facility featuring 140 acres at Dayton International Airport
According to Joby, the facility will cost $500m and employ up to 2,000 people. The plant has received governmental subsidies totalling up to $325m of the $500m total.
Joby added that the US Department of Energy has requested a filing of a Part II application for a ‘Title XVII loan’ to help the plant expand as a clean energy enterprise.
Joby founder and CEO JoeBen Bevirt emphasised how the project has received significant support from the government and the successes of private-public partnerships: “We’re building the future of aviation right where it all started, in Dayton, Ohio. The US continues to lead the way on introducing this technology, with unprecedented levels of support across all areas and levels of government.
“Our partnership with Ohio is a great example of how successful public-private partnerships amongst industry, local, state and federal governments can bring important new technology to life.”
Joby stated that following the announcement, there will be a ceremonial flypast of a replica model “B” Flyer, the “world’s first production” aircraft, at Hawthorn Hill.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataDayton, Ohio, is home to a lot of aviation history, including the the first aircraft factory, which was built in 1910 by the Wright brothers, and headquarters of the US Air Force research facilities.
Governor of Ohio Mike DeWine said the Joby aircraft are set to redefine urban transportation and emphasise a new chapter of air mobility history: “Ohio’s legacy in aviation begins with the Wright Brothers and continues with Joby Aviation as they launch a new era in aviation manufacturing and aerial mobility in Dayton.
“The aircraft that will roll off Joby Ohio’s production lines will redefine urban transportation and contribute to a fundamental change in the way people and goods travel.”