Toyota is betting big on air taxis. | Image: Toyota
Toyota is investing another $500 million into Joby Aviation to support the air taxi startup’s certification and commercial production of electric VTOL (vertical takeoff and landing) aircrafts for use in a ride-hailing service. The automaker has now invested a total of $894 million since 2018.
Toyota’s investment will come in the form of two $250 million tranches, the first of which will be c...
