Toyota invests $500 million in air taxi startup Joby
Under the $500 million investment, Joby will use the funding to certify its aircraft and shift to commercial production. This investment brings Toyota’s total funding to $894 million. The current investment will be in two tranches — the first made later this year and the second in 2025.
While Joby's stock has badly underperformed the S&P 500 in 2024 (see graph below), the long-term potential remains ...
Japanese carmaker Toyota more than doubled its investment in Joby Aviation after it announced it will back the ...
Japan’s auto giant Toyota TM is investing another $500 million in California-based electric vertical takeoff and landing (eVTOL) company Joby Aviation JOBY. This capital injection is aimed at ...
Joby wants to partner with airlines like Delta to connect airports and city centers in as little as seven minutes. Still, I'm ...
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