Archer Aviation’s stock is surging after announcing a major partnership with UAE entities to launch commercial electric vertical takeoff and landing (eVTOL) air taxi services in Abu Dhabi by 2026, marking a significant step towards the future of air travel.
The Federal Aviation Administration (FAA) has finalized regulations for powered lift aircraft, marking the emergence of a new category of civil aviation since helicopters in the 1940s. These regulations set the stage for the safe integration of air taxis, cargo delivery services, and other innovative operations into the airspace, paving the way for the future of Advanced Air Mobility (AAM).
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.
Toyota Motor Corporation has announced a further $500 million investment in Joby Aviation, a company developing electric air taxis. This investment brings Toyota’s total investment in Joby to $894 million, reflecting a shared vision for the future of air mobility.
Joby Aviation, a leading developer of electric air taxis, has received FAA authorization for its proprietary software suite, ElevateOS, designed for on-demand air taxi operations. ElevateOS, which will be showcased in a virtual presentation today, encompasses a range of tools, including pilot applications, operational management software, and a rider app. Joby plans to deploy ElevateOS for its own air taxi services and offer it to select partners. The company is also preparing for the launch of commercial air taxi operations by 2025, with pilot training programs and simulations.
