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, finalizing a $250 million investment as part of a larger $500 million tranche, bringing its total investment close to $1 billion.
The expanded partnership designates Toyota as Joby's "preferred manufacturing partner," integrating the automaker into eVTOL production, maintenance, product design, and potentially allowing it to operate Joby air taxis in Japan.
This collaboration provides Joby with critical funding and Toyota's manufacturing expertise to accelerate FAA certification, streamline production, and achieve its target 2025 commercial launch for electric air taxi services.
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.
