Joby Aviation has earned its latest financial infusion from Toyota Motor Corporation in the development of its all-electric VTOL aircraft. Toyota plans to “share expertise in manufacturing, quality and cost controls” during the development of the “quiet” eVTOL aircraft, according to a company press release. Toyota has invested $394 million as a lead investor in the Series C financing announced by Joby on January 15, 2020.
Joby Aviation Gets Infusion from Toyota for eVTOL
