Toyota Doubles Down on Air Taxis with $500 Million Investment in Joby

Toyota has furthered its commitment to the future of air mobility by investing an additional $500 million in Joby Aviation, a California-based company leading the charge in electric air taxi development. This latest investment brings Toyota’s total contribution to Joby to nearly $900 million, highlighting the Japanese automaker’s belief in the potential of this emerging transportation technology. The partnership aims to accelerate the development and certification of Joby’s electric air taxi, which promises a faster, quieter, and cleaner alternative to traditional ground transportation.

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