Toyota has revealed that it has invested a further $500 million into Joby Aviation, a company founded in 2009 that has since been working on developing, producing, and certifying electric vertical take-off and landing craft (eVTOL).
The second round of funding follows a $394 million injection of capital back in 2020, and the Japanese car giant hopes it will speed up development, with the aim of realizing the two companies ‘shared vision of air mobility.’
