Toyota invests $500M in Joby Aviation for electric air taxi certification and production.

Toyota Motor Corporation has announced a $500 million investment in Joby Aviation, increasing its total investment to $894 million. This funding will aid in the certification and production of Joby's electric air taxis. The partnership, which began in 2019, includes an agreement for Toyota to provide key components for Joby's aircraft. Following the announcement, Joby Aviation's stock rose 22% in premarket trading.

October 02, 2024
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