Toyota To Invest USD 500Mn In Joby Aviation

Toyota to invest $500 million in Joby Aviation. The investment will be made in two equal stages: the first is expected to be completed at the end of this year and the second in 2025.

Toyota Motor Corporation (Toyota; NYSE:TM ) and Joby Aviation, Inc. (Joby; NYSE:JOBY), a company developing electric air taxis for commercial passenger transport, recently announced that Toyota has invested an additional $500 million to support the certification and commercial production of Joby’s electric air taxis, in an effort to realize the companies’ shared vision for air mobility. According to […]