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Toyota Joins Joby to Scale Air Taxis | Business and Finance News
Description
Joby Aviation and Toyota are teaming up to mass-produce electric air taxis, leveraging Toyota’s manufacturing muscle to slash costs and boost quality. With Toyota’s investment now at $900 million, the duo aims to deliver four-passenger, 200 mph flying vehicles that tilt their propellers for vertical takeoff and forward flight. Already partnering with Uber for UAE service this year, Joby is racing toward U.S. flights—potentially in New York, Texas, and Arizona—while navigating FAA approval and stiff competition from Archer Aviation. This partnership could finally turn sky-high commuting from fantasy to reality.
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