As of the time of publication, the stock has risen by over 24%, reaching $5.99.
According to the Securities Times APP, on Wednesday, Joby Aviation (JOBY.US) opened high and rose, with the stock rising by over 24% to $5.99 as of the time of publication. Toyota (TM.US) will invest another $500 million in the company to support the certification and commercial production of its electric air taxis. This will bring Toyota's total investment in Joby Aviation to $0.894 billion.
Joby Aviation is an aviation company based in California, USA, focusing on the development and manufacture of electric vertical take-off and landing (eVTOL) aircraft. The company is dedicated to transforming urban air transportation through electric aviation technology, aiming to provide fast, quiet, and eco-friendly air taxi services. Joby Aviation's goal is to reduce traffic congestion and carbon emissions with its all-electric aircraft, ultimately achieving rapid transportation in urban skies.
