Get the latest tech news

Toyota puts another $500 million in an air taxi startup

Toyota bets big on an air taxi future.

Toyota is investing another $500 million into Joby Aviation to support the air taxi startup’s certification and commercial production of electric VTOL (vertical takeoff and landing) aircrafts for use in a ride-hailing service. Joby says it can reach a top speed of 200mph, travel 150 miles on a single battery charge, and is 100 times quieter than a conventional aircraft. The company recently performed a few exhibition flights in Manhattan and plans to start flying commercial passengers in cities like New York and Los Angeles in 2025.

Get the Android app