Reported 3 months ago
Toyota Motor Corp. has invested $250 million in Joby Aviation, making it the largest shareholder with a 15.3% stake. This investment is part of a larger $500 million commitment aimed at boosting Joby's funding to $894 million. Joby, which is developing electric vertical takeoff and landing air taxis, plans to launch commercial services in Dubai by early 2026, pending regulatory approvals.
Source: YAHOO