Toyota Motor has announced a significant $500 million investment in Joby Aviation, continuing its commitment to developing electric air taxi technology. This reports Reuters.

Air taxi startup Joby Aviation Inc. has received a substantial investment from Toyota Motor Corp. to accelerate commercialization of its electric vertical takeoff and landing (eVTOL) aircraft. Under ...

This comes as delivery drones are also being increasingly developed ... California-based firm, Joby Aviation, is at the forefront of developing flying taxis, having now carried out more than ...

eVTOL air taxi developer Joby Aviation has secured a fresh round of funding from previous investor Toyota Motor Corporation, totaling $500 million. With its investment, Toyota’s total funding ...

Toyota Motor Company said that it will invest an additional $500 million in Joby Aviation to support the certification and commercial production of the California company's electric air taxi.