Joby Closes $250M Funding Tranche From Toyota

Toyota CEO Tetsuo Ogawa and Joby's Founder and CEO, JoeBen Bevirt, at a signing ceremony last year in Texas.  Credit: Joby

Toyota CEO Tetsuo Ogawa, left, and Joby's founder and CEO, JoeBen Bevirt, at a signing ceremony last year in Texas.

Credit: Joby
Joby continues to build on its strong balance sheet, announcing the closing of a $250 million funding tranche from its largest investor, Toyota. The first of two $250 million tranches, the funding commitment was announced in October as an effort by Toyota to accelerate certification and production...
Ben Goldstein

Based in Boston, Ben covers advanced air mobility and is managing editor of Aviation Week Network’s AAM Report.

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