Joby Aviation Inc. (NYSE:JOBY) shares are rising after the company announced it has entered the final phase of certification for its electric air taxi. The company recently conducted its first FAA testing under Type Inspection Authorization,

Joby has become the first eVTOL manufacturer to complete three of five stages in the FAA-type certification program.

Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it has entered the final phase of certification for its electric air taxi, having conducted its first FAA testing under Type Inspection Authorization ("TIA").

Joby Aviation has completed a series of major aerostructure tests to gain certification approval from the Federal Aviation Administration.

The Santa Cruz company (NYSE: JOBY) is developing an airborne taxi service to create a ride-hailing app for customers to book Joby's air taxis. Joby's vertical take-off and landing aircraft or VTOLs have one pilot and can seat up to four people.

Shares of Joby Aviation Inc, a firm developing electric air taxis for commercial passenger service, were in the spotlight on Tuesday morning after it announced the completion of a series of major aerostructure tests for certification credit with the Federal Aviation Administration (FAA).