Toyota Invests Additional $500 Million in Electric Air Taxi Startup Joby Aviation
Matilda
Toyota Invests Additional $500 Million in Electric Air Taxi Startup Joby Aviation
Recent developments in the transportation sector have underscored the increasing significance of urban air mobility. With cities grappling with congestion and pollution, innovative solutions like electric air taxis have emerged as a promising alternative. A notable instance of this trend is Toyota's recent decision to invest an additional $500 million into Joby Aviation, a pioneering startup focused on electric vertical takeoff and landing (eVTOL) aircraft. This latest investment brings Toyota's total investment in Joby to nearly $900 million, highlighting the automaker's commitment to diversifying its portfolio and embracing the future of transportation. Joby Aviation: A Leader in eVTOL Technology Founded in 2009, Joby Aviation is at the forefront of developing eVTOL aircraft designed to revolutionize urban transportation. The company's mission centers around creating a sustainable air mobility system that operates quietly and efficiently within city landscapes. With ze…