Toyota's $500 Million Investment in Joby Aviation for eVTOL Development
Toyota(TM) Gurufocus·2024-10-03 15:30
Toyota Motor Corporation announced an additional investment of $500 million in Joby Aviation, an electric flying car startup. This funding aims to support Joby's efforts to certify its electric vertical takeoff and landing (eVTOL) aircraft and expedite the commercialization process. Tetsuo “Ted” Ogawa, President and CEO of Toyota Motor North America, expressed optimism about the certification and commercial production of Joby's aircraft with the new investment.The investment will be disbursed in two parts, ...