Toyota to Invest $500M in Joby’s eVTOL Air Taxi Written 3 October 2024
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Joby S4 at Edwards Air Force Base. | Credit: Harlan Huntington, USAF; Wikipedia; Public Domain
Flying Magazine reports, “One of the world’s largest automobile manufacturers this week committed half a billion dollars to help develop a new mode of flight. Toyota on Wednesday announced it will funnel an additional $500 million into the commercial production and certification of Joby Aviation’s electric vertical takeoff and landing (eVTOL) air taxi. The four-passenger design—which takes off vertically like a helicopter but cruises on fixed wings—last year began crewed testing and is expected to begin ferrying customers as early as next year, pending FAA approval.”
Full Story (Flying Magazine)