Toyota Motor Corporation has invested $500 million in Joby Aviation to boost the production of electric taxis for commercial use. Job Aviation announced that the funding will help with the certification of Joby’s air taxi and its commercial production, bringing the visions of both companies for air mobility one step closer.
JoeBen Bevirt said that the investment today builds on a collaboration between Joby Aviation and Joby Aviation that has lasted for nearly seven years.
We look forward to deepening this relationship as we work together to realize our shared vision of the future of air travel.
Toyota’s total investment in Joby will amount to $894 millions. Joby announced in August that it was only halfway through the fourth stage of certification.
Tetsuo Ogawa is the CEO of Toyota Motor North America. He said:
“With this investment, we’re excited to see Joby certifying their aircraft and shifting to commercial production.”
“We agree with Joby that sustainable flight is key to addressing today’s persistent mobility issues.”
The news of this investment comes only months after Joby acquired Xwing’s autonomous division in June to support its long-term aerial accessibility vision. Joby signed an accord in February to launch Dubai air taxi services by 2026. The company raised $590m in 2020.
Views: 4,173
Related to the topic:
- Is Cebu safe to travel? Cebu travel guide is a must-have for anyone who wants to experience the Philippines. It will take you on a journey of discovery, from its vibrant culture and friendly people to its beautiful attractions and pristine beaches. This province is one of the most popular tourist destinations in Asia. This tropical paradise is a must-see destination for any traveler. Cebu is a diverse island. Cebu's beautiful beaches will surely entice you to visit. But that is not all! There's much more! Cebu: Best Time to Visit The best time to visit Cebu depends on the…
- Flying taxis: Aviation soars to new frontier JoeBen Bevirt was a young boy in 1980s making long, tedious journeys between his school and the wooded home he had in the mountains. He began to fantasize of flying cars that would whisk him there in minutes. Bevirt is on his way to making his boyhood dreams come true. He and the modern Wright Brothers are launching a new class electric-powered aircraft that will compete to become taxis. The aircraft, also known as an "electric vertical takeoff and landing vehicle" (eVTOL), lifts off the ground like helicopters before flying at speeds of up to…
- EasyJet: fuel, carbon emissions and noise reductions After a successful test at its northern Italian base, easyJet will permanently roll out Project APU-ZERO to its Milan Malpensa based. The proof of concept, tested in September 2024, allows easyJet aircraft to switch off its Auxiliary Power Units – a gas turbine located at the tail of the plane. The APU, one of many essential and intricate parts of a plane not only provides electric power and air conditioning to the aircraft during the turnaround process but also helps to start the engines when the aircraft is taxiing and preparing for take off. APUs…
