NewsFlash / Cobalt & Lithium / Toyota Completes $250M Investment in Joby Aviation for Air Taxi Development
Toyota Completes $250M Investment in Joby Aviation for Air Taxi Development
iconMay 30, 2025 12:46
Source:SMM
【Toyota Invests $250M in Air Taxi Firm Joby Aviation】A Toyota spokesperson has confirmed the completion of a $250 million investment in U.S.-based air taxi company Joby Aviation. Joby Aviation stated that it will receive Toyota's funding and production expertise to enhance its advanced design and production to meet the needs of its partners and customers. Toyota had previously committed to investing a total of $500 million in Joby Aviation. According to Joby's earlier statements, the second batch of $250 million investment is expected to be completed later this year.

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