Toyota completed the $250m investment in Joby Aviation.

Toyota, a Japanese multinational automotive manufacturer, completed the $250m investment in Joby Aviation, a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design. This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers,” JoeBen Bevirt, Joby Founder and CEO.