Joby and Archer Cash Positions Are Strong in Crunch Year for eVTOL Programs | Aviation International News

Finance, Taxes, Insurance

Joby and Archer Cash Positions Appear Strong in Crunch Year for eVTOLs

The timing for completing FAA type certification of eVTOL aircraft remains unclear

Joby eVTOL manufacturing — Joby has been scaling up production of its eVTOL aircraft and recently delivered a second prototype to the U.S. Air Force. © Joby Aviation

By Charles Alcock • Managing Editor

March 3, 2025

Financial results announced last week by Archer and Joby reaffirmed the perception that the U.S. companies have started 2025 as clear front-runners among eVTOL aircraft developers. While neither company can yet tell investors when profitability will be achieved, both reported healthy funding levels as they step up work to achieve type certification and service entry for their four-passenger vehicles.

Joby ended last year with $933 million in cash, cash equivalents, and investments in marketable securities, not including a further $500 million to come from its main backer Toyota. Archer reported cash and cash equivalents of $834.5 million and said it has recently closed on a registered direct equity offering valued at $301.8 million.

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