Toyota to invest $500 million in joby aviation

Investment to be made in two equal tranches, with the first targeted to close later this year and the second in 2025 funds will support certification and commercial production of joby's electric air taxi investment terms to include plans to establish a manufacturing alliance for the first phase of commercialization will bring total investment from toyota motor corporation in joby to $894 million toyota city, japan, and santa cruz, calif. , oct. 2, 2024 /prnewswire/ -- toyota motor corporation (toyota; nyse: tm) and joby aviation, inc. (joby; nyse:joby), a company developing electric air taxis for commercial passenger service, today announced that toyota will invest an additional $500 million to support the certification and commercial production of joby's electric air taxi, with the aim of realizing the two companies' shared vision of air mobility.
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