One of the world’s largest automobile manufacturers this week committed half a billion dollars to help develop a new mode of flight.
Toyota on Wednesday announced it will funnel an additional $500 million into the commercial production and certification of Joby Aviation’s electric vertical takeoff and landing (eVTOL) air taxi. The four-passenger design—which takes off vertically like a helicopter but cruises on fixed wings—last year began crewed testing and is expected to begin ferrying customers as early as next year, pending FAA approval.
