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 finalized a $250 million investment in Joby Aviation, bringing its total funding close to $1 billion and deepening its commitment to eVTOL air taxi development.
The agreement designates Toyota as Joby's "preferred manufacturing partner," giving it extensive involvement in production, design, maintenance (MRO), and potential operation of Joby's air taxis, including in Japan.
This strategic collaboration aims to leverage Toyota's manufacturing expertise to streamline Joby's production processes, accelerate FAA certification, and support the planned 2025 commercial launch of its four-passenger air taxi.
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.
