![Toyota to invest additional $500 million in Bay Area-based electric aircraft maker Joby Aviation](https://i.comentr.com/S_tL1oiZA6ebmaX0ylDS9SzNsWU_tam.jpg)
Toyota to invest additional $500 million in Bay Area-based electric aircraft maker Joby Aviation
https://www.siliconvalley.com/2024/10/09/toyota-to-invest-additional-500m-in-marina-aircraft-maker-joby-aviation/
MARINA – In pursuit of attaining a shared vision of air mobility, Toyota will invest $500 million more in Joby Aviation to support the certification and commercial production of Joby’s electric air taxi, including in Marina where Joby is expanding its pilot production facility.
“Today’s investment builds on nearly seven years of collaboration between our companies,” said JoeBen Bevirt, founder and CEO, Joby Aviation, in a press release. “The knowledge and support shared by Toyota has been instrumental in Joby’s success and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel.”