Toyota boosts its investment in air taxi company Joby Aviation by another $500 million

  • 📰 AP
  • ⏱ Reading Time:
  • 18 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 51%

Joby Aviation News

Inc.,MI State Wire,CA State Wire

Toyota is investing another $500 million in Joby Aviation as part of a partnership aimed at helping get the American air taxi company’s commercial business off the ground.

FILE - An electric vertical takeoff and landing aircraft, flies above the Joby eVTOL aircraft, during a demonstration of eVTOLs Nov. 13, 2023, in New York.

“Today’s investment builds on nearly seven years of collaboration between our companies,” said JoeBen Bevirt, founder and CEO, Joby Aviation. “The knowledge and support shared by Toyota has been instrumental in Joby’s success and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines