Joby Aviation announced a significant $250 million investment from Toyota, enhancing their collaboration on electric air taxis. This investment is part of a larger $500 million commitment, reinforcing the companies' vision for air mobility. Following this news, Joby’s stock surged over 28%. Analysts maintain a buy rating on the stock, predicting that 2025 will be pivotal for the eVTOL industry, allowing Joby to further its manufacturing and certification efforts with this financial boost.
The funding marks a significant milestone in strengthening the long-term collaboration between Joby Aviation and Toyota, and supports their shared vision for the future of air mobility.
The investment is aimed at supporting certification and commercial production of Joby's electric air taxi, underscoring a mutual commitment to delivering next-generation travel.
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