Toyota Motor said Wednesday it will invest another $500 million in Joby Aviation to support certification and commercial ...

Oct. 2, 2024 /PRNewswire/ -- Toyota Motor Corporation (Toyota; NYSE: TM) and Joby Aviation, Inc. (Joby; NYSE:JOBY), a company developing electric air taxis for commercial passenger service ...

However, with over $2 billion raised before Toyota’s recent investment, Joby is one of the better-capitalized players, offering a cushion against some of these challenges. Joby’s vertically ...

Under the $500 million investment, Joby will use the funding to certify its aircraft and shift to commercial production. This ...

The funds will be used to help Joby complete the lengthy Type 2 certification process with the Federal Aviation Administration and support commercial production of its electric vertical takeoff ...

Toyota is investing another $500 million in Joby Aviation as part of a partnership aimed at helping get the American air taxi company’s commercial business off the ground ...

The Japanese automaker said Oct. 2 it will make the additional funds available to Santa Cruz, Calif.-based Joby in two tranches, with the first coming later this year and the remainder in 2025.

Joby has now raised a total of $2.5 billion in funding, according to Crunchbase. The startup went public in 2021 at a valuation of $4.5 billion through a merger with a special purpose acquisition ...

Depending on how costs ramp in coming quarters, Joby has sufficient capital to finance its operations for around the next 2 years, which will probably coincide with the company's revenue ramp.

Joby Aviation secures a $500 million investment ... field of aviation technology have averaged a return of negative 22.2% this year. This stark contrast between the broader market's performance ...

Fresh on the heels of a $500 million investment announcement from Toyota, Joby Aviation on Thursday unveiled a prototype of its electric air taxi in the middle of Grand Central Station ...