Overview

• The investment marks half of Toyota’s $500 million strategic commitment to accelerate Joby’s eVTOL certification and production.
• Joby Aviation shares surged over 25% in U.S. trading after confirmation of the funding installment.
• Joby will leverage Toyota’s manufacturing expertise to streamline eVTOL assembly processes and optimize aircraft design.
• Funds will support final Federal Aviation Administration certification steps ahead of a planned 2025 launch in New York and Los Angeles.
• The injection of capital heightens competition as Archer Aviation with United Airlines and Hyundai’s Supernal advance urban air mobility services.