Toyota Motor Corporation announced an investment $500 million in Joby Aviation. Joby aviation develops electric air taxis for commercial passenger service. Toyota committed to the investment due to the shared vision of air mobility between the two companies. This investment will help them support the certification and commercial production of electric air taxi. The investment is divided between two equal tranches. It will be subjected to standard regulatory approvals and certain other conditions, finalization of collaborative and commercial agreements and, with respect to the second tranche, the finalization of terms related to a strategic alliance focused on commercial manufacturing and … Continue reading $500M Toyota Investment Powers Joby Aviation’s Leap Toward Commercial Air Taxi Production—See What’s Coming
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