Japanese auto giant Toyota Motor is investing $500 million in Joby Aviation to support the U.S. electric air taxi company’s ...

It’s not science fiction anymore: New York City could, in the near future, see air taxis buzzing around the skies.

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

Toyota Motor (NYSE: TM) is upping its investment in Joby Aviation (NYSE: JOBY), providing additional capital to support the ...

Californian startup Joby Aviation has received a $500 million investment from the Japanese automotive group Toyota. The money ...

Joby wants to partner with airlines like Delta to connect airports and city centers in as little as seven minutes. Still, I'm ...

Auto giant Toyota is investing another $500 million into Joby, which pioneered the first test flight of an air taxi over the skies of New York City.

Toyota has said it will invest $500mn and raise its stake in Joby Aviation as the carmaker boosts its backing for the air taxi start-up that aims to launch commercial services as soon as next year.

As part of the investment, Toyota plans to support Joby with commercial manufacturing and certification support.

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While Joby's stock has badly underperformed the S&P 500 in 2024 (see graph below), the long-term potential remains ...