While we may still be waiting for flying cars, Toyota is making a significant bet on electric air taxis. The automaker recently committed another $500 million to Joby Aviation, a move that brings Toyota’s total investment in the company to nearly $900 million.
Joby Aviation, based in California, specializes in the development of all-electric vertical take-off and landing (eVTOL) aircraft. It’s not surprising that Toyota would be interested in this cutting-edge technology, considering other luxury carmakers like Cadillac and Rolls-Royce have made their own announcements regarding eVTOLs in recent years. While commercial eVTOLs are primarily being positioned as air taxis, their potential extends beyond that. These aircraft could be used for search and rescue missions, military applications, and more. They also offer a quieter alternative to helicopters, which are often restricted in urban areas due to noise concerns.
Continue reading… “Toyota’s Skyward Bet: $500 Million More for Electric Air Taxis”