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

Joby Aviation raised $500 million from Toyota, the largest single round of funding for a flying taxi startup in years.

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

JoeBen Bevirt, CEO of Joby Aviation, emphasized the importance of this partnership, stating, “The knowledge and support shared by Toyota have been instrumental in Joby’s success.” With the first ...

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 ...

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 Price Action: According to Benzinga Pro, Joby Aviation shares are up 2.04% after-hours at $5.01 at the time of publication Wednesday.

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 ...

The motor company has awarded Joby Aviation an additional $500 million dollars to help fund their four-seat aircrafts (a.k.a electric air taxis). With the investment, Toyota has provided a total ...

Joby Warrick joined The Washington Post’s National staff in 1996. He has served with the Post's investigative and national security teams, and currently writes about the Middle East, terrorism ...

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 ...

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.