Technology »  Topic »  Toyota invests $349 million in flying taxi startup Joby Aviation

Toyota invests $349 million in flying taxi startup Joby Aviation


Joby Aviation

Toyota just invested $349 million in the flying taxi startup Joby Aviation. The two companies say they will work together, Joby sharing its all-electric vertical take-off and landing (eVTOL) expertise and Toyota lending its knowledge of manufacturing, quality and cost controls to the development and production of Joby's future aircraft.

"Air transportation has been a long-term goal for Toyota, and while we continue our work in the automobile business, this agreement sets our sights to the sky," Toyota Motor Corporation President and CEO Akio Toyoda said in a press release. As part of the deal, Toyota Motor ...


Read the full text engadget