eVTOL maker Joby buys new factory, doubling manufacturing footprint

Joby Aviation He said he bought 700,000 square meters of land on Wednesday producing facility in Dayton, Ohio, as the air taxi maker prepares to meet production targets for electric vertical takeoff and landing aircraft, also known as eVTOLs.

Joby agreed to purchase the plant Finishing HR $61.5 million, according to a filing.

The new location, its second in Ohio, more than doubles the size of its manufacturing footprint, the company said. The company also reiterated plans announced last year to more than double production capacity to four aircraft per year. Moon until 2027.

CEO JoeBen Bevirt said the facility will support Joby’s future growth plans and tie in with efforts to revitalize the commercial and defense aerospace industries on U.S. soil.

“Ohio’s reindustrialization has become central to the Joby story, and with unparalleled government and policy support, we stand ready to ensure that the commercial and defense aircraft that define the future of flight are built right here in America,” Bevirt said in a statement announcing the news. he said.

Air taxi manufacturers such as Joby have scaled production in recent months, setting up production facilities to support the emerging market and gain an edge over rivals. These companies also compete for certification. Federal Aviation AdministrationThey need to start flying their planes commercially.