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Joby Aviation and Toyota strengthen business partnership

By ,
May 30, 2025 4:29 AM
Published 10:43 PM

SANTA CRUZ, Calif. (KION-TV) -- Local air taxi company Joby Aviation is celebrating a new investment of $250 million from Toyota.

This new funding brings the two companies closer to a strategic manufacturing alliance.

Joby says the investment is supporting the certification and production of the company's flagship electric air taxi.

This, in addition to -- what the company says -- strengthens the long term collaboration between the both companies.

Toyota had previously pledged an investment of another $500 million back in October.

This marks the latest in a long partnership between the two companies, who says they've been collaborating since 2019.

Article Topic Follows: Local News
business partnership
finance
Joby Aviation
santa cruz county
toyota

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