Joby Aviation And Toyota Form JTAMPC JV To Manufacture The Company’s S4 Series eVTOL Aircraft

On June 29, 2026, Joby Aero, Inc. ("Joby"), a wholly-owned subsidiary of Joby Aviation, Inc. (the "Company"), entered into a stockholders agreement (the "Agreement") with Joby Toyota Aero Manufacturing Preparation Company, a Delaware corporation ("JTAMPC"), and Toyota Motor Corporation ("Toyota", and together with Joby and their permitted transferees, each, a "Stockholder" and collectively, the "Stockholders"), pursuant to which Joby and Toyota jointly incorporated JTAMPC as a joint venture for the purpose of establishing an entity to manufacture the Company’s S4 Series eVTOL aircraft (the "S4 Series"). Substantially simultaneously with the entry into the Agreement, each of Joby and Toyota entered into a common stock purchase agreement with JTAMPC, pursuant to which Joby will acquire 980,000 shares of JTAMPC’s common stock, par value $0.0001 per share (the "Common Stock"), for an aggr...