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NEWS
EXPLORER
KYG651631007
State: 17.08.2024 | 11PM
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FIGI: BBG00X2MYTC2
JOBY
Joby Aviation, Inc.
GICS: - · Sector: Industrials · Sub-Sector: Airports & Air Services
NAME
Joby Aviation, Inc.
ISIN
KYG651631007
TICKER
JOBY
MIC
XNYS
REUTERS
JOBY.N
BLOOMBERG
JOBY US
Wed, 02.10.2024       Joby Aviation
KYG651631007

Investment to be made in two equal tranches, with the first targeted to close later this year and the second in 2025Funds will support certification and commercial production of Joby's electric air taxiInvestment terms to include plans to establish a manufacturing alliance for the first phase of commercializationWill bring total investment from Toyota Motor Corporation in Joby to $894 million

TOYOTA CITY, Japan, and SANTA CRUZ, Calif., Oct. 2, 2024 /PRNewswire/ -- Toyota Motor Corporation (Toyota; NYSE: TM) and Joby Aviation, Inc. (Joby; NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby's electric air taxi, with the aim of realizing the two companies' shared vision of air mobility.

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