$500M Toyota Investment Powers Joby Aviation’s Leap Toward Commercial Air Taxi Production—See What's Coming

[{"selector":"#anim-a916ecf5-53b1-4a60-bfe9-5e484ec1dbfe","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a402abff-f3ac-4f8d-a2d2-79c8f834f0da","keyframes":{"transform":["translate3d(0px, -100.06278%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0853d25-4900-4d87-8de2-b8f30a5a86f6","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e847be34-6fde-4b5a-81a7-3da3d8638a0c","keyframes":{"transform":["translate3d(99.45206%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4c4217fb-6486-4016-a923-f0f1dd0e9518","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-48842a58-7bc8-4c02-9d46-8d43f1afb985","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-64ab6a2a-e9b1-456c-b1e2-b5bbef74caf5","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Toyota Motor Corporation announced an investment $500 million in Joby Aviation. Photo Source- Google

[{"selector":"#anim-37ce04bb-b1f1-4b53-a6cd-5fb2118dfc36","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2f559ca0-a7ca-4e87-a2ad-33b8d973ec8f","keyframes":{"transform":["rotate(-90deg) translate3d(558.00014%, 0px, 0) rotate(90deg)","rotate(-90deg) translate3d(0px, 0px, 0) rotate(90deg)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5c358c8-d6da-4967-8708-d430fb543e6d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e0cd547-3a59-4e7f-b955-286a8326ad86","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3aa3c0be-2e5d-4502-b63e-27ed023239a8","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-fe3af3d8-160a-4d9d-bec1-455f08e75cd6","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-23da5919-ea65-4cbd-b367-be3e6e9e2875","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] This investment will help them support the certification and commercial production of electric air taxi. Photo Source- Google

[{"selector":"#anim-7af01d2c-3e4d-474e-914e-3ed348226a10","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-57cbd4e2-921a-44e1-96e2-56be86e4b7ce","keyframes":{"transform":["translate3d(0px, -100.06278%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7d7a048f-674b-4d58-b859-faa62b76ad98","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58c95930-931e-4b1f-a7b4-086d0327d1df","keyframes":{"transform":["translate3d(99.45206%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-13d3a8f8-9bc7-4b45-acfe-968beb187159","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-546b6a1a-c3fe-4e14-9a6c-31d9de05909f","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ef8210ba-ecf9-4e1f-8f88-e33c487208e9","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The investment is divided between two equal tranches. Photo Source- Google

[{"selector":"#anim-65a01d68-09c0-47bc-ae15-31309917a412","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-133778b0-d6e2-4327-a057-0f48808e8b0a","keyframes":{"transform":["rotate(-90deg) translate3d(558.00014%, 0px, 0) rotate(90deg)","rotate(-90deg) translate3d(0px, 0px, 0) rotate(90deg)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dfc88c0a-8a3b-4a6e-8db1-287ab8413d42","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95fda681-7700-4590-9e6a-5ca62dfae0f3","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d3e520f6-c2e0-42ec-bb66-a0b5e7e62748","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8042e4f1-6947-4f75-a769-068b0135510d","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ed3a2bf8-a474-42b4-9f1a-6da4c466e7f5","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] With this investment, Toyota Motor Corporation’s total investment in Joby will rise up to $894 million. Photo Source- Google

[{"selector":"#anim-ddf604e1-ab0b-4606-b945-601f6713a76c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-721a19ee-c0df-4ee6-b0e2-24d9006b6604","keyframes":{"transform":["translate3d(0px, -100.06278%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e886bba0-f0ff-45b1-97e1-044a26025127","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-abc8fe4f-d713-4e56-a8e4-92cb1b5cbd3f","keyframes":{"transform":["translate3d(99.45206%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a3efa8b0-69c5-44d8-ba99-4208907d0c63","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-46e55319-bd51-4a4a-80b4-3404c28491c8","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eee2a831-cc1a-4414-b4c7-ddd847e90a7e","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Joby is continuing their progress in the field of commercialization as they launch their third aircraft off their pilot production line in Marina, California. Photo Source- Google

[{"selector":"#anim-42c53c69-a480-4c3d-80fb-98cbab2ee018","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c794f7b4-bf39-49e6-846c-25267f97d379","keyframes":{"transform":["rotate(-90deg) translate3d(558.00014%, 0px, 0) rotate(90deg)","rotate(-90deg) translate3d(0px, 0px, 0) rotate(90deg)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-36b6568a-1dec-4836-84e9-5a21d87d1879","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-992dfacc-f594-4db6-91c2-77c6e59f9a2c","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2c908dda-6860-4e09-b6ab-961daeb27081","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8ab61b30-d61f-4f87-84a8-5517396f5727","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-bd8614d0-6499-463e-bc7a-2fa71d4d11d6","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] In 2023, the two companies signed a long-term agreement for Toyota to provide key powertrain and actuation components to produce Joby’s aircraft. Photo Source- Google

[{"selector":"#anim-2975ff20-8a22-44bb-b52c-c2722ad45bdb","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7ecf2a42-814a-4c5f-880e-8b73b92d6b68","keyframes":{"transform":["translate3d(0px, -100.06278%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cca32386-fa3e-45a0-b97b-56192d9ce8d6","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-44948bb5-9fd6-4f1e-a104-64d35bbb7845","keyframes":{"transform":["translate3d(99.45206%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-52d218a6-2e5f-4ebf-b186-62e4344bd01d","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8aa7e8dd-4b7e-45ca-a78f-31b634caf592","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bcd373ce-290c-44db-9267-3985566bc414","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] BETA Technologies developed an electric aircraft called ALIA for United Therapeutics to help transportation of lifesaving medical equipment, organs and tissue, and the support teams in order to help save lives. Photo Source- Google

[{"selector":"#anim-9c51ef1d-5430-4bf8-a6c3-d2d86f680e58","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-73587866-cca2-461d-997d-ad48c7d73435","keyframes":{"transform":["rotate(-90deg) translate3d(558.00014%, 0px, 0) rotate(90deg)","rotate(-90deg) translate3d(0px, 0px, 0) rotate(90deg)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5abf4e0-e676-4952-a78c-e165af29d963","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2bef50e2-1aeb-4231-a3bf-6d39f1ed05d7","keyframes":{"transform":["translate3d(-100%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58389dbf-5c25-412b-b9e7-89316dc8efda","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9477124c-3298-414f-a950-d2f76614ae58","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-68255277-9dab-4de6-b9a3-3d90189c2c93","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] UPS saw the opportunity the aircraft held with the amount of cargo space and BETA team created a cargo option of the aircraft to serve this demand. Photo Source- Google

[{"selector":"#anim-a91ead89-c640-4c53-bbd3-20447722579c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4bfe1293-1af3-4b1f-ad51-50ea7af7be3b","keyframes":{"transform":["translate3d(0px, -100.06278%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-da00892f-71b6-4abb-9fd4-f47ad65fa55c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9815a166-8e35-46e0-8c6e-f97b9a1e8824","keyframes":{"transform":["translate3d(99.45206%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aba2a2e5-e938-4426-85f3-d461db98718e","keyframes":{"opacity":[0,1]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9ed72756-164b-4dd6-b08e-52bd3c3c5e53","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":1300,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7d4d6d15-9b9a-4f30-bf44-ab51612ff919","keyframes":{"opacity":[0,1]},"delay":800,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Joby aviation displayed their aircraft at Grand Central Terminal in New York City on 2-5 October 2024. Photo Source- Google

[{"selector":"#anim-c03874ac-96a9-48c8-8f79-7a40cefefa35","keyframes":{"opacity":[0,1]},"delay":100,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-098b6365-cf5b-45e1-926b-602f42f55e75","keyframes":{"transform":["translate3d(115.50632%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-24263aab-20dc-4a2f-a494-06a08929aee6","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-25f2baf1-a4a7-4310-a4d3-c68deb81f20f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-ebf978ac-8d0f-4a44-b621-0c13d503aab6","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-73258c55-921b-4390-b301-6c2b957cd24a","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-085f7fc0-5aa8-4359-9c4f-ea3c5a90ce64","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Asheville Airport Disruption: Most Flights Canceled as Hurricane Helene Shuts Down WNC Travel Learn more

$500M Toyota Investment Powers Joby Aviation’s Leap Toward Commercial Air Taxi Production—See What's Coming

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