Joby Aviation, a pioneer in the development of an electric air taxi, raised $590 in a Series C funding round led by Toyota Motor. Prior investors, including SPARX Group, Intel Capital, Capricorn Investment Group, JetBlue Technology Ventures, Toyota AI Ventures, and AME Cloud Ventures, also contributed to the round, and were joined by new investors Baillie Gifford and Global Oryx. "We are building a new system for transportation to transform your daily life, at greater safety and, in time, at a similar cost to driving. This collaboration with Toyota represents an unprecedented commitment of money and resources for us and this new industry from one of the world's leading automakers. Toyota is known globally for the quality and reliability of their products driven by meticulous attention to detail and manufacturing processes. I am excited to harness Toyota's engineering and manufacturing prowess helping to drive us to achieve our dream of saving a billion people an hour a day," JoeBen Bevirt, Joby Aviation Founder and CEO.