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00:00ED: IT ' S ONE GUY EVERYONE WANTS TO SPEAK TO. THE CEO OF JOBY AVIATION. INVESTORS, OTHER CEOS, CORPORATE ' S THAT WANT TO COLLABORATE. WHAT IS YOUR MESSAGE? GUEST: > > REALLY EXCITING -- WHAT IS REALLY EXCITING IS SUSTAINABLE AVIATION, HOW DO WE REDUCE THE IMPACT ON OUR ENVIRONMENT. ED: WE ' RE TALKING ELECTRIC. TAKEOFF AND LANDING. I QUALITY FLYING TAXI. WHERE ARE YOU IN YOUR CYCLE? THAT ' S THE OTHER CONVERSATION. JOEBEN: WE HAVE BEEN WORKING ON THIS FOR MORE THAN A DECADE. IT ' S A FANTASTIC FUTURE THAT IT ' S COMING THROUGH TODAY. WE HAVE IN FLYING SINCE 2017, CERTIFYING SINCE 2018, WE HAD EXCITING NEWS TODAY ON ADDITIONAL PROGRESS ON OUR CERTIFICATION PROGRAM. THE MOMENTUM IS BUILDING. ED: SOUNDS LIKE YOU HAVE A HIGH OPINION OF THE FAA. I HAVE HEARD FROM OTHERS THEY ARE FRUSTRATED. YOU ARE HAPPY WITH WHERE THINGS STAND. JOEBEN: THE FAA HAS DONE AN INCREDIBLE JOB WITH THE INDUSTRY OVER DECADES TO MAKE AVIATION THE SAFEST MODE OF TRANSPORTATION WE HAVE. IT ' S ORDERS OF MAGNITUDE SAFER THAN ANY OTHER MODE, THAT ' S REALLY EXCITING, THAT IS THE FAA MISSION. ED: TALK TO ME ABOUT THE AIRCRAFT THEMSELVES. WHERE ARE WE, WHAT IS THE TARGET? JOEBEN: WE HAVE JUST COMPLETED OUR PILOT PRODUCTION FACILITY. WE HAVE A CLOSE PARTNERSHIP WITH TOYOTA. WE ARE WORKING WITH THEM ON PLANS THAT WILL PRODUCE HUNDREDS OF AIRCRAFT PER YEAR. ED: THE IDEA IS YOU WORK WITH TOYOTA TO LEARN FROM THEIR EXPERIENCE, OR DO USE THEIR FACILITIES, HOW DOES THAT PLAY OUT IN PRACTICE? JOEBEN: TOYOTA IS AMAZING. THEY ARE KNOWN FOR BEING ABLE TO BUILD COMPLEX MACHINES AT AN INCREDIBLE -- AFFORDABLE PRICE WITH RELIABILITY. WHEN WE LOOK AT WHO WE WANTED TO PARTNER WITH TO TAKE THIS TO THE SCALE IT NEEDS TO GO, BEYOND THE SCALE AVIATION HAS BEEN DONE BEFORE, WE SELECTED TOYOTA. ED: I WAS CHATTING WITH THE ALASKA AIR CEO. HE IS AN ENGINEER JUST LIKE YOU. HE HAS SOME SKEPTICISM ABOUT THE USE CASE FOR FACTORY ELECTRIC IN LONG-DISTANCE FLYING, LARGER AIRCRAFT. WHAT IS YOUR TAKE ON THAT? YOU BELIEVE IT ' S ESSENTIAL FROM A CARBON, ENVIRONMENTAL STANDPOINT. JOEBEN: HE IS ABSOLUTE RIGHT. I HAVE BEEN WORKING ON ELECTRIC AIRCRAFT SINCE 1993. WE HAVE HAD ORDER OF MAGNITUDE IMPROVEMENT IN ENERGY AND BATTERIES, BUT WE HAVE A REAL URGENT PROBLEM WE NEED TO SOLVE TODAY. AVIATION IS ONE OF THE HIGHEST IMPACT THINGS WE DO ON A DAILY BASIS, AND IT ' S IMPERATIVE WE REDUCE THAT FOOTPRINT. BATTERY ELECTRIC ONLY MOVES YOU -- IT ' S VALUABLE WHEN YOU WANT TO MOVE ACROSS TOWN OR CITY ' S THAT ARE CLOSE TOGETHER. THE SOLUTION IS HYDROGEN ELECTRIC. HYDROGEN IS THREE TIMES SPECIFIC. ED: THERE IS ALSO THE USE CASE. I KNOW YOU ARE FOCUSED ON THE FLYING TAXI. TALK TO ME ABOUT OTHER USE CASES. JOEBEN: WE ARE EXCITED ABOUT MOVING PEOPLE ACROSS TOWN, BUT THERE IS A VALUABLE USE CASE IN MOVING GOODS. WE HAVE AN AMAZING PARTNERSHIP WHERE WE ARE SIGNIFICANTLY REDUCING OPERATING COSTS, IMPROVING RELIABILITY, AND MAKING IT POSSIBLE FOR THEM TO MOVE GOODS AROUND AND AROUND THE U.S., PEOPLE IN A MUCH MORE EFFICIENT WAY. ED: THE GOVERNMENT RELATIONSHIP THAT COULD BE LUCRATIVE. GIVE ME A TIMELINE FOR WHEN THIS IS A SUBSTANTIVE BUSINESS. JOEBEN: WE ARE GOING TO BUILD THIS SLOWLY. WE ARE NOT GOING TO BE ABLE TO TURN IT ON ON DAY ONE. AGAIN, TODAY WE ARE BUILDING TENS OF AIRCRAFT, AND THE NEXT FEW YEARS WE WILL HAVE THE CAPACITY TO BUILD HUNDREDS OF AIRCRAFT. WE NEED ORDERS OF MAGNITUDE MORE AIRCRAFT IN ORDER TO BRING THIS VISION TO LIFE, BEING ABLE TO MOVE PEOPLE TO WHERE THEY WANT TO LIVE, WORK. IF YOU TAKE IT BACK IS REMOVED

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Joby CEO on Future of Air Mobility

Joby Aviation Founder and CEO JoeBen Bevirt joins Bloomberg's Ed Ludlow at the UP.Summit conference in Arkansas to give the latest manufacturing and regulatory updates on its aircraft, and talk about his vision beyond air ride hailing. (Source: Bloomberg)

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