Toyota goes to the sky, invests nearly $ 400 million in air-rental startups

Netease Technology News on January 16th, according to the technology website TechCrunch, air rental startup Joby Aviation announced that it has completed a Series C financing of $ 590 million, including major investors Toyota Motor Corporation’s $ 394 million. Joby Aviation is developing an electric vertical take-off and landing (eVTOL) aircraft, and Toyota’s experience will help it.

After this round of financing was completed, Joby Aviation’s total financing amount reached 720 million US dollars. Investors include Intel Capital, JetBlue Technology, Toyota Artificial Intelligence, etc.

In addition, Yokoyama Shigeki, vice president of Toyota, became a member of Joby Aviation’s board of directors.

Joby Aviation was founded in 2009 and is headquartered in California, USA, founded by JoeBen Bevirt. Joby Aviation’s electric vertical take-off and landing aircraft can fly at a maximum speed of about 320 kilometers per hour and has a range of more than 240 kilometers on a single charge. Joby Aviation claims that because of its electric drivetrain and multi-rotor design, the aircraft “is 100 times quieter than a traditional aircraft during takeoff and landing, and is almost silent when flying in the air.”

Toyota President and Chief Executive Officer Akio Toyoda stated that air transportation has always been Toyota’s long-term goal, and while continuing to develop its automotive business, this investment has set its sights on the sky.

Joby Aviation believes that electric vertical take-off and landing aircraft can achieve significant cost-effectiveness in short flights compared to traditional helicopters, and ultimately reduce costs by maximizing the use and saving of fuel, and reaching the level of “anyone can use

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