Accelerating efforts toward realizing air mobility
Toyota Motor Corporation has decided to make an additional investment of $500 million in Joby Aviation, which is developing electric vertical take-off and landing (eVTOL) aircraft. With this investment, Toyota’s cumulative investment in Joby will reach $894 million, including the $394 million invested in January 2020. This partnership aims to accelerate the realization of air mobility. In 2023, Toyota began supplying electric-related components to Joby, leveraging its expertise in production technology.
Source: https://global.toyota/jp/newsroom/corporate/41625879.html
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