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International Business Times
International Business Times
Mark Moore

Toyota Bets Big On Air Taxis, Ups Investment In Joby Aviation To Nearly $900M

Joby Joby Aviation Toyota California
An image provided by Joby Aviation shows one of their aircraft. (Credit: JobyAviation)

Toyota Motor Company said that it will invest an additional $500 million in Joby Aviation to support the certification and commercial production of the California company's electric air taxi.

Joby wants to operate the vertical take-off and landing air taxis in cities around the world.

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