NEWS
Toyota To Invest $500 Million in Joby Aviation
• Investment to be made in two equal tranches, with the first targeted to close later this year and the second in 2025
• Funds will support certification and commercial production of Joby's electric air taxi
• Investment terms to include plans to establish a manufacturing alliance for the first phase of commercialization
• Will bring total investment from Toyota Motor Corporation in Joby to $894 million
• Funds will support certification and commercial production of Joby's electric air taxi
• Investment terms to include plans to establish a manufacturing alliance for the first phase of commercialization
• Will bring total investment from Toyota Motor Corporation in Joby to $894 million
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