Toyota invests $500 million in flying taxis!
This page is translated from the original post "Toyota investit 500 millions de dollars dans les taxis volants !" in French.
- 04/10/2024 12:05
Joby Aviation, one of the most promising players in the eVTOL sector, has partnered with the giant Toyota.
The sky is now attracting the appetites of many manufacturers, and Toyota could not remain idle while Xpeng and Stellantis allied with Archer have already entered the fray.
With this investment, eVTOL specialist Joby is nearing the billion-dollar mark in funding. The money should enable it to quickly obtain flight certification and launch the commercial production of its electric taxi. Since its beginnings with a small team of seven engineers in 2009, Joby has become a leading company with more than 1,500 employees operating from its headquarters in Marina, California, to Munich in Germany, as well as Washington, Santa Cruz, and San Carlos.
The strategic alliance between the two companies is now more than official with the unveiling of a vehicle proudly displaying Toyota’s colors. One might almost believe it came straight from the Japanese manufacturer’s factories! It’s unknown whether it flies better and longer, but it’s certain that it opens up great perspectives for the future. More seriously, the vehicle visible in this video is the third to come from the pilot factory in Marina, California, but it heralds the mass-production model that is already ready to be launched in a brand-new factory.
READ ALSO: Here’s why eVTOLs will be much safer than helicopters
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