- Investment to be made in two equal tranches, with the first targeted to close later this year and the second in 2025
- Funds will support certification and commercial production of Joby's electric air taxi
- Investment terms to include plans to establish a manufacturing alliance for the first phase of commercialization
- Will bring total investment from Toyota Motor Corporation in Joby to $894 million
Toyota To Invest $500M In Joby Aviation
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