Joby Aviation Raises $590 Million To Launch Air Taxi Service | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-02.10.25

Airborne-NextGen-02.11.25

Airborne-Unlimited-02.12.25

Airborne-AffordableFlyers-02.13.25

Airborne-Unlimited-02.07.25

Fri, Jan 17, 2020

Joby Aviation Raises $590 Million To Launch Air Taxi Service

Toyota Motor Corporation Leads the Investment Round With $394 Million Investment

Joby Aviation, a pioneer in the development of an electric air taxi, has raised $590 million in Series C funding led by Toyota Motor Corporation. Prior investors, including SPARX Group, Intel Capital, Capricorn Investment Group, JetBlue Technology Ventures, Toyota AI Ventures, and AME Cloud Ventures, also contributed to the round, and were joined by new investors Baillie Gifford and Global Oryx (ALJ family's investment arm). Shigeki Tomoyama, the Executive vice president of Toyota Motor Corporation, will join Joby Aviation's board of directors. This new investment brings the Company's total funding, including previous rounds, to $720 million.

Joby Aviation's mission is to bring fast, affordable, and zero-emissions air mobility to communities worldwide. Over the past 10 years, the Company's team of engineers and physicists has developed a quiet, all-electric VTOL (vertical takeoff and landing) aircraft, which will be instrumental in the commercial launch of the emerging on-demand urban air taxi market.  Toyota will share its expertise in manufacturing, quality, and cost controls to support the development and production of Joby Aviation's aircraft. This support, along with the capital investment, will accelerate the certification and deployment of this new mode of local transportation.

"We are building a new system for transportation to transform your daily life, at greater safety and, in time, at a similar cost to driving," said Joby Aviation founder and CEO JoeBen Bevirt. "This collaboration with Toyota represents an unprecedented commitment of money and resources for us and this new industry from one of the world's leading automakers. Toyota is known globally for the quality and reliability of their products driven by meticulous attention to detail and manufacturing processes. I am excited to harness Toyota's engineering and manufacturing prowess helping to drive us to achieve our dream of saving a billion people an hour a day."

"Air transportation has been a long-term goal for Toyota, and while we continue our work in the automobile business, this agreement sets our sights to the sky," said Toyota president and CEO Akio Toyoda. "As we take up the challenge of air transportation together with Joby, an innovator in the emerging eVTOL space, we tap the potential to revolutionize future transportation and life. Through this new and exciting endeavor, we hope to deliver freedom of movement and enjoyment to customers everywhere, on land, and now, in the sky."

(Image provided with Joby Aviation news release)

FMI: www.jobyaviation.com

Advertisement

More News

ANN's Daily Aero-Term (02.11.25): Handoff

Handoff An action taken to transfer the radar identification of an aircraft from one controller to another if the aircraft will enter the receiving controller's airspace and radio >[...]

ANN's Daily Aero-Linx (02.11.25)

Aero Linx: P-47 Thunderbolt Pilot's Association The P47Pilots.com website is dedicated to preserving the memories of the men and women who flew the P-47 Thunderbolt "Jug" in World >[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN! 1) I forgot my password. How do I find it? 1) Easy... click here and give us your e-mail address--we'll send it to you >[...]

NTSB Final Report: SlipStream International Genesis

Airplane Veered Left Of The Runway And Struck Trees Before It Came To Rest In A Grass Area Analysis: The student pilot was conducting a solo flight when he was unable to keep the a>[...]

Airborne 02.05.25: No Outs 4 ATC, Sporty's Acquires, 'Black' Boxes

Also: NOTAM System Restored, Textron Mil Trainers, Axiom Space, Police Rescues Cirrus Pax The Trump administration’s attempt at downsizing the federal workforce has run into >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC