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.
