Toyota invests $394 million in Joby Aviation’s flying taxis

ZDNet | Jan 16, 2020 at 4:51 AM
  • Japanese car manufacturer Toyota has been named as the lead investor in Californian-based aerospace company Joby Aviation’s latest Series C funding round.
  • In the latest funding round, Toyota was also joined by prior investors Toyota AI Ventures, Intel Capital, Sparx Group, Capricorn Investment Group, JetBlue Technology Ventures, and AME Cloud Ventures, as well as new investors Baillie Gifford and Global Oryx.
  • With this latest funding round and previous funding rounds, Toyota has now invested a total of $720 million in Joby Aviation.