Toyota Invests $500 Million More in Joby Aviation to Propel Air Taxi Business

Reported 5 days ago

Toyota has announced an additional investment of $500 million in air taxi company Joby Aviation, bringing its total investment to $894 million. This funding will aid in the certification and production of electric air taxis, and solidifies Toyota's stake at approximately 22% in Joby. The collaboration, which spans nearly seven years, aims to advance both companies' shared vision for the future of air travel.

Source: YAHOO

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