The attendees watch an electric vertical take -off and landing, or Evitol, a plane during an event at Edwards Air Force Base in Edwards, California, on September 25, 2023.
Bloomberg Bloomberg Gety pictures
Judy flight The stocks jumped about 29 % on Wednesday after the electric taxi maker said it had received $ 250 million from Toyota.
Payment is part of a previously announced deal from the car maker to Invest $ 500 million in the company To support certificates and commercial production of electric taxis. Toyota announced the deal in October.
The CEO and founder Jobin Bevert said in A. Release Late Tuesday. “This is an important next step in our alliance with Toyota to expand the promise of the electric trip.”
Jobi also added that the deal strengthens “mutual commitment to deepening integration and handing over the next generation to travel to the global market.”
Joby takes it off on vertical aircraft, landing, or EVTOL, which takes off and the ground is similar to helicopters. Developers say technology can be used to reduce congestion and traffic emissions.
United Airways I made a partnership with a competitor Artcher Aviation To launch an airport Air taxi service.
Toyota invested $ 394 million in Joby in 2020.
He watches: EvTOLS: Was the flight cars a reality?
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