Joby Aviation entered into a Stockholders Agreement and related stock purchase agreements with Toyota to form Joby Toyota Aero Manufacturing Preparation Company (JTAMPC), a joint venture to manufacture the S4 Series eVTOL aircraft. Joby will invest $980,000 for a 49% stake, while Toyota will invest $1,020,000 for a 51% stake, and Toyota will designate three of five board seats. The parties intend to finalize an exclusive manufacturing supply agreement and related IP arrangements before the first funding milestone, with required capital contributions tied to future milestones.
Agreement details:
- Agreement type: Stockholders Agreement and Common Stock Purchase Agreements to form manufacturing JV
- Counterparty: Toyota and JTAMPC
- Signed / Effective: Jun 29 2026 / same
- Duration / Termination: At will
- Reason: Scale production of S4 Series eVTOL aircraft
Original SEC Filing:
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