Toyota invests another $500 million in an electric air taxi company as it soars toward the future of air mobility
Toyota has injected a second round of funding into Joby Aviation, one of the leading figures in electric vertical take-off and landing craft for public transport.
Joby Aviation’s Electric Air Taxi Prepares For Takeoff
The California-based eVTOL startup is moving forward with manufacturing plans to produce electric air taxis, with help from Toyota, Uber and Delta Airlines.
Is Joby Aviation Stock Ready for Takeoff?
While Joby's stock has badly underperformed the S&P 500 in 2024 (see graph below), the long-term potential remains substantial. Joby Aviation's strong partnerships, global expansion efforts, and certification progress position it as a leading contender in the eVTOL space.
Toyota invests $500 million in Joby Aviation
Toyota Motor Corp. is investing an additional $500 million to support the certification and commercial production of Joby Aviation Inc.’s electric air taxi.
Toyota invests a fresh $500M in Joby Aviation to support eVTOL air taxi certification, production
VTOL air taxi developer Joby Aviation has secured a fresh round of funding from previous investor Toyota Motor Corporation,
Joby Aviation (NYSE:JOBY) Stock Rises 30% on New Investment
The stock of electric vehicle start-up Joby Aviation ($JOBY) is up 30% on news that the company has received a $500 million investment from Toyota
Should you buy Joby Aviation stock after Toyota’s $500 million investment?
Toyota Motors (NYSE: TM) announced on Wednesday its plan to invest an additional $500 million in Joby Aviation Inc. (NYSE: JOBY), signaling its continued commitment to the electric vertical takeoff and landing (eVTOL) aircraft sector.
Why Joby Aviation Stock Is Flying High Today
Investors are taking the news as a vote of confidence, sending Joby shares up 21% at the open Wednesday and up 10% as of 10:15 a.m. ET. Joby is one of several companies racing to commercialize small electric aircraft capable of vertical takeoffs and landings,
Intelligencer on MSN1d
The Flying Car Is Finally Here. It’s Slightly Illegal.
If you have $190,000 on hand, you, too, could buy one — or, if your budget is more modest, you can book a rental ride in a ...
Shephard Media8h
AeroVironment to display eVTOL P550 at AUSA 2024
AeroVironment will display its autonomous vertical take-off and landing (eVTOL) uncrewed aircraft system (UAS) P550 for the ...
Joby: Raise Provides A Clear Path To Commercialization
Joby's market capitalization already prices in considerable success, despite the fact that latent demand remains unknown. See ...
AeroTime2d
eVTOL developer Lilium powers on first in-production ‘Ironbird’ Lilium Jet
In a significant milestone the eVTOL developer Lilium has successfully powered on its first in-production Lilium Jet as it ...
Toyota Is Betting on This Air Taxi Startup
Air taxis are still expected to be a big industry, but they now face competition from robotaxis. Here’s how far along this ...
Zacks.com on MSN1d
Toyota Fuels Joby's eVTOL Dreams With Additional $500M Investment
Japan’s auto giant Toyota TM is investing another $500 million in California-based electric vertical takeoff and landing (eVTOL) company Joby Aviation JOBY. This capital injection is aimed at ...
Circuit1h
Air Taxi Market Ready For Lift Off
The global air taxi market is projected to experience significant growth, with estimates ranging from $4.04 billion at a CAGR of 23% to USD 8 billion by 2030-32. North America dominated the global ...
EconoTimes1d
Tesla Analyst Speculates Potential Entry into $9 Trillion Drone and eVTOL Market by 2050
Morgan Stanley analyst Adam Jonas believes Tesla could enter the $9 trillion drone and electric Vertical Take-Off and Landing ...