[Toyota Motor Completes Initial $250 Million Additional Investment in Air Taxi Company Joby] According to a statement on May 27, Toyota Motor has completed the initial $250 million investment in its strategic investment in US air taxi company Joby Aviation. Previously, Toyota Motor announced in 2024 that it would invest an additional $500 million in Joby to support the certification and commercial production of its electric air taxis. The investment will be made in two phases, with the first phase originally scheduled to be completed later in 2024 and the second phase planned for completion in 2025. Upon completion of the investment, Toyota Motor's total investment in Joby will reach $894 million.