Joby and Toyota Launch Joint Venture for Electric Air Taxi Manufacturing
Toyota and Joby Aviation have formed a joint venture to scale production of electric vertical take-off and landing (eVTOL) aircraft.
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What Happened
Joby Aviation and Toyota Motor Corporation announced the initial phase of a strategic manufacturing alliance, establishing a joint venture to commercialize electric air taxis. The venture, named Joby Toyota Aero Manufacturing Preparation Company, will focus on advancing production capability, quality, and cost efficiency.
“Today's announcement reflects the strength of our relationship and our shared confidence in the opportunity ahead. Together, we share a vision of making aerial mobility an everyday reality.”
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The joint venture is based in California, USA, with Yosuke Tsuruta serving as representative or CEO. The companies aim to support aircraft certification and meet anticipated growth in demand for eVTOL aircraft.
Why this matters
This partnership combines Toyota's manufacturing expertise with Joby's electric aviation technology to bring air taxis closer to commercial reality.
Terms in This Story
- eVTOL
- Electric vertical take-off and landing aircraft, designed for short-distance urban air travel.
- Joint Venture
- A business arrangement where two or more parties pool resources for a specific project.
- Air mobility
- Transportation of people or goods through the air, often referring to urban air taxis.
Summarised from the linked release; details can be imperfect — always verify against the original source.