Joby Aviation Soars With Toyota Investment and Analyst Support
TMToyota(TM) MarketBeat·2024-10-03 21:02

Joby Aviation’s NYSE: JOBY technology has been again validated. The latest news is a follow-on investment from Toyota Motor NYSE: TM, one of the company's earliest investors and a long-time proponent of personal air capability. The new deal will more than double Toyota’s investment in Joby, bringing the total to nearly $900 million, with funds distributed over the next two years. Toyota is a critical partner for Joby. Not only does it provide funding, but also powertrain and actuation components. Its engine ...