Joby Aviation ($JOBY) and Toyota ($TM) Complete First eVTOL Air Taxi Flight in Japan

Green Stock News

Joby Aviation (NYSE: JOBY) and Toyota Motor (NYSE: TM) have completed Joby’s first international exhibition flight, which took place at Toyota’s Technical Center in Japan.

This event highlighted the low noise and emissions-free operation of Joby’s aircraft, celebrating nearly seven years of collaboration with Toyota, which has contributed its automotive manufacturing expertise. Joby’s air taxi, designed for a pilot and four passengers, offers speeds up to 200 mph, aiming to reduce congestion and environmental impact in urban and rural settings worldwide.

In 2023, the companies signed a long-term agreement for Toyota to supply essential components for Joby’s aircraft production.

Toyota recently announced an additional $500 million investment in Joby to advance the certification and production of Joby’s electric air taxi, raising Toyota's total investment to $894 million.

JoeBen Bevirt, Founder and CEO of Joby stated: "Our first overseas flight marks a significant milestone on our journey towards making clean air travel an everyday reality.”

Joby Aviation is a California-based transportation company producing an all-electric, eVTOL air taxi that will revolutionize the way we travel.

Shares of Joby Aviation trade on the NYSE under the ticker symbol JOBY, Toyota Motor also trades on the NYSE under the ticker symbol TM. For more information, or to sign up for our free daily newsletter, visit www.greenstocknews.com.