Joby Aviation Closes $250 Million Investment From Toyota Motor

MT Newswires Live

2025/05/28

Joby Aviation (JOBY) said late Tuesday it closed the first $250 million tranche of a strategic investment from Toyota Motor (TM).

The investment is targeted at supporting the certification and commercial production of Joby's electric air taxi, the company said in a statement.

Joby shares were up 25% in recent trading on Wednesday.

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