Image via Joby Aviation
Toyota, a company known for its measured approach, has handed air taxi developer Joby Aviation another $250 million on top of its earlier, even larger investment. The commitment is drawing attention and lending credibility to the startup as it works to reshape how people travel short distances.
When a conservative giant like Toyota doubles down on an emerging technology, it sends a strong signal about the perceived potential of the venture. The funding gives Joby additional resources to pursue its ambitious vision, while underscoring the automaker’s willingness to bet on the future of urban air mobility.
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