Toyota Motor Corporation announced on May 28, 2025, a $250 million investment in Joby Aviation Inc., an electric air taxi developer. This funding completes the first half of a previously disclosed $500 million commitment from Toyota.
With this latest investment, Toyota has become Joby Aviation's largest shareholder. The total funding pledge from Toyota to Joby Aviation now stands at $894 million, underscoring a deep strategic commitment to the eVTOL sector.
This substantial capital injection is aimed at accelerating Joby Aviation's progress towards certification and large-scale production of its electric air taxi. Toyota's increased stake positions it as a key player in the emerging advanced air mobility market.
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