Toyota invests $500 million in eVTOL developer Joby Aviation
Joby Aviation, one of the US eVTOL startups that is most advanced in its eVTOL development program, announced on October 2, 2024, that Japanese car maker Toyota is investing an additional $500 million into the venture. Toyota has been an investor in Joby from an early stage, through its Toyota Ventures venture capital arm.