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Joby Aviation Raises $500 Million from Toyota
Toyota to invest additional $500M in Marina aircraft maker Joby Aviation
Today’s investment builds on nearly seven years of collaboration between our companies,” said JoeBen Bevirt, founder and CEO, Joby Aviation, in a press release. “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.
Toyota to invest additional $500 million in Bay Area-based electric aircraft maker Joby Aviation
The aviation company has designed and produced an electric air taxi that will carry a pilot and four passengers at speeds up to 200 mph offering high-speed mobility with a fraction of the noise
Joby Aviation’s Electric Air Taxi Prepares For Takeoff
The California-based eVTOL startup is moving forward with manufacturing plans to produce electric air taxis, with help from Toyota, Uber and Delta Airlines.
Joby Aviation Raises $500 Million from Toyota for Flying Taxis: Startup Funding Roundup
Joby Aviation raised $500 million from Toyota, the largest single round of funding for a flying taxi startup in years.
Joby Aviation to receive $500 million for air taxi production
Electric air taxi production is receiving a big boost from Toyota. The motor company has awarded Joby Aviation an additional $500 million dollars to help fund their four-seat aircrafts (a.k.a electric air taxis).
Toyota invests $500 million in air taxi startup Joby
Under the $500 million investment, Joby will use the funding to certify its aircraft and shift to commercial production. This investment brings Toyota’s total funding to $894 million. The current investment will be in two tranches — the first made later this year and the second in 2025.
Why Joby Aviation Stock Is Flying High Today
Toyota, an existing Joby partner, apparently likes the progress Joby is making. The automaker has agreed to invest an additional $500 million through the purchase of two equal tranches of Joby stock, with the first expected to close later this year and the second in 2025.
Toyota pours another $500M into electric air taxi startup Joby Aviation
Toyota is doubling down on Joby Aviation with a $500 million investment into the California-based company that's developing electric air taxis. Toyota's
Should you buy Joby Aviation stock after Toyota’s $500 million investment?
Toyota Motors (NYSE: TM) announced on Wednesday its plan to invest an additional $500 million in Joby Aviation Inc. (NYSE: JOBY), signaling its continued commitment to the electric vertical takeoff and landing (eVTOL) aircraft sector.
Toyota’s Betting Big on Electric Air Taxis
While we’re still waiting for those flying cars, Toyota is betting high and hard on electric air taxis. The automaker just earmarked another $500 million for Joby Aviation, which increases Toyota’s total support (so far) to nearly 900 million dollars.
Toyota Is Upping Its Investment in Air Taxi Company Joby Aviation
Robotaxis aren’t the only place where the basic concept of “pay someone with a vehicle to take me a short distance” is undergoing some high-tech permutations. There’s also the matter of air taxis: small vehicles that can take you somewhere local — and where,
5d
Is Joby Aviation Stock Ready for Takeoff?
While Joby's stock has badly underperformed the S&P 500 in 2024 (see graph below), the long-term potential remains ...
Gold Invest
9h
Joby Aviation: A vision about to become reality
Joby has now flown more than 30,000 miles with its prototypes which are designed to meet the uncompromising safety standards ...
Benzinga.com
1d
Joby Aviation Soars With Toyota Investment and Analyst Support
Joby
Aviation
's
JOBY
technology has been again validated. The latest
news
is a follow-on investment from Toyota Motor TM, one of the company's earliest investors and a long-time proponent of ...
lookout
2h
This week in Santa Cruz County business: Tourism’s hot summer; Joby’s air taxi gets $500M more from Toyota
In Santa Cruz County business news this week, Jessica M. Pasko reports on a strong summer for local tourism, thanks in part ...
Curbed on MSN
5d
Joby the Electric Helicopter Wants to Take You to JFK
An aviation company called Joby showed off a prototype of its electric helicopter in Grand Central on Thursday, announcing ...
4d
on MSN
Waymo picks its next robotaxi, Joby lands more Toyota bucks, and Cybertruck notches its fifth recall
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here ...
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