Toyota Invests In Joby Aviation eVTOL Automotive manufacturer Toyota is dipping its tentacles into the eVTOL market place with its investment into Joby Aviation's eVTOL. Toyota's role will be to aid the manufacturing process, quality control as well as expense control for the developmental process as well as production later on. With Toyota onboard it will bring the funding for Joby Aviation to over 700 million dollars at this point.
The Joby Aviation eVTOL will carry up to four passengers which puts it squarely in competition with a myriad of other emerging eVTOL companies and their future offerings. Toyota has deep pockets and this is their way to get on the eVTOL bandwagon at a stage where the market is getting crowded but still porous. Toyota is basically exploring a new flight path for mobility through this new collaboration with Joby Aviation. Joby is an aerospace company that is developing and commercializing all-electric vertical take-off and landing (eVTOL) aircraft to enable the deployment of fast, quiet and affordable air transportation services in the future. For more information: Joby Aviation 340 Woodpecker Ridge, Santa Cruz, CA 95060, United States www.jobyaviation.com ***
