Joby and Toyota Advance Electric Air Taxi Project

Joby Aviation and Toyota Motor Corporation have strengthened their collaboration on electric air taxis, marking significant progress with a successful international flight test in Japan. The demonstration, held at Toyota's Higashi-Fuji Technical Center, showcased Joby's electric vertical takeoff and landing aircraft (eVTOL), which can reach speeds of up to 200 mph. This collaboration, ongoing for nearly seven years, aims to integrate Toyota's automotive manufacturing expertise into Joby's production processes, enhancing efficiency by over 30%. Toyota has committed an additional $500 million investment into Joby, bringing its total investment to $894 million, to support the certification and commercial production of the air taxis. The project aims to alleviate traffic congestion and minimize environmental impact through zero-emission operations, promising a revolution in urban mobility. Joby plans to make these air taxis commercially available by next year, positioning them as a viable alternative for urban and intercity travel.