Reported 5 days ago
Joby Aviation has secured $500 million in funding from Toyota, raising its total investment to nearly $1 billion. CEO JoeBen Bevirt shared insights on the collaboration with Toyota, emphasizing ongoing design support for manufacturing quality. Joby aims to ramp up production and is optimistic about FAA certification progress. The company projects its electric air taxis to compete effectively with Uber Black, highlighting potential faster transport options in urban areas like New York and Los Angeles.
Source: YAHOO