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How many electric air taxis will Joby Aviation deliver by December 31, 2025?
2
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Joby Aviation press releases or industry reports
Story
Toyota Invests Additional $500 Million in Joby Aviation, Total Investment Reaches $894 Million, Stock Rallies 22%
Oct 2, 2024, 12:56 PM
Toyota has announced an additional $500 million investment in Joby Aviation, a California-based company developing electric air taxis. This investment aims to support the certification and commercial production of Joby's electric air taxis, bringing Toyota's total investment in the company to $894 million. Following the announcement, Joby Aviation's stock rallied by 22%. The funding is expected to enhance Joby's certification efforts and strengthen manufacturing ties between the automaker and the aviation startup. Toyota is doubling down on its commitment to Joby Aviation.
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