Toyota to Invest $500 Million in Joby Aviation
Toyota City, Japan, and Santa Cruz, CA, October 2, 2024―Toyota Motor Corporation (Toyota; NYSE: TM) and Joby Aviation, Inc. (Joby; NYSE: JOBY), a company developing electric air taxis for commercial passenger service, today announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby’s electric air taxi, with the aim of realizing the two companies’ shared vision of air mobility.
More information: https://global.toyota/en/newsroom/corporate/41625854.html
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