• Joby Aviation formed a manufacturing joint venture with Toyota, incorporating Joby Toyota Aero Manufacturing Preparation Co. to build S4 Series eVTOL aircraft.
• Initial funding totals USD 2 million; Joby buys 980,000 shares for a 49% stake, Toyota buys 1,020,000 shares for 51%.
• Toyota controls the five-seat board with three directors; Joby appoints two, with major actions requiring stockholder approvals.
• Planned exclusive manufacturing supply deal would give the venture exclusive S4 Series production rights; Joby would provide royalty-free aircraft IP licenses.
• Future agreements are tied to Toyota’s second USD 250 million tranche investment; either side can exit if they fail to reach terms.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Joby Aviation Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001819848-26-000378), on June 30, 2026, and is solely responsible for the information contained therein.