Joby Secures $500 Million Investment from Toyota

Joby Aviation has secured a $500 million investment from Toyota Motor Corporation to accelerate the certification and commercial production of its electric air taxis. This brings Toyota’s total investment in Joby to $894 million.

https://www.jobyaviation.com/news/toyota-to-invest-500-million-in-joby-aviation/

The funding will be distributed in two phases, supporting Joby’s progress toward commercialization. JoeBen Bevirt, Joby’s founder and CEO, acknowledged Toyota’s critical support in achieving their shared vision of future air mobility. Toyota’s Operating Officer, Tetsuo “Ted” Ogawa, emphasized the importance of sustainable flight in addressing transportation challenges.

For more information

https://www.jobyaviation.com/

(Top image: Credit — Joby Aviation)

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