A Toyota-branded Joby air taxi completes an exhibition flight in front of Japan’s Mount Fuji in November. [Courtesy: Joby Aviation]
Key Takeaways:
Toyota has significantly deepened its commitment to Joby Aviation by finalizing a $250 million investment, bringing its total to nearly $1 billion, and designating itself as Joby's "preferred manufacturing partner."
The strategic partnership involves Toyota providing extensive support in manufacturing processes, design, and maintenance (MRO), with engineers collaborating on production and component development.
This enhanced collaboration aims to accelerate Joby's eVTOL air taxi certification and commercial production for a targeted 2025 launch, with Toyota potentially building and operating Joby's aircraft for its own fleet, including in Japan.
Toyota Motor Corp. is doubling down on its commitment to electric vertical takeoff and landing (eVTOL) air taxis.
Per an SEC filing, the automaker last week finalized a $250 million investment in air taxi developer Joby Aviation—the first of two equal tranches totaling $500 million, announced in October.
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Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.
