Electric air taxi company Joby Aviation receives $500m investment from Toyota for certifications and production.

Joby Aviation is an electric aircraft company aiming to enter the air taxi market. With three prototypes developed and certifications from the FAA and UAE, it plans to launch services as early as next year. Toyota has invested $500 million to aid Joby’s certification and production efforts. While the market could reach $10 billion by 2032, Joby remains pre-revenue and faces financial risks, making it a speculative investment.

October 27, 2024
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