Joby Aviation has initiated a public offering to sell up to $200 million in shares, aiming to fund its certification and manufacturing efforts ahead of a 2025 commercial launch of its electric vertical takeoff and landing vehicles (eVTOL). The funds will also support general working capital as the company prepares to introduce air taxis in cities like New York, Los Angeles, Dubai, and Abu Dhabi. This move follows a recent FAA decision allowing eVTOLs to operate alongside helicopters and a $500 million investment from Toyota.