Joby Aviation: Toyota Investment Boosts Stock Price
Joby aviation’s stock took flight, soaring over 25% Wednesday, fueled by a $250 million investment from Toyota Motor. This significant injection of capital, part of a larger $500 million commitment, is designed to boost production of Joby’s electric vertical takeoff and landing (eVTOL) aircraft. This news has propelled Joby’s stock back into positive territory,a welcome change as late January. The collaboration extends beyond funding; Toyota’s expertise will optimize manufacturing and aircraft design. Joby is also partnering with Delta and Uber to launch commercial air taxis in key U.S. cities. Stay informed with News Directory 3 for the latest updates. Discover what’s next as Joby aims for FAA certification and market launch.
Joby Aviation Stock Soars After Toyota Investment
Updated May 28, 2025
Shares of Joby Aviation, a commercial air taxi developer, experienced a surge of over 25% Wednesday following news that Toyota Motor completed a $250 million investment. This initial investment supports Joby’s electric vertical takeoff and landing (eVTOL) aircraft production, marking the first tranche of Toyota’s previously announced $500 million commitment to the air taxi company.
The substantial increase in share value brought Joby’s stock back into positive territory for the first time as late January. The Toyota investment aims to bolster Joby’s manufacturing processes and optimize aircraft design, according to company leadership.
Earlier this month, Joby announced a successful test flight involving two of its electric aircraft concurrently. The company, based in Santa Cruz, California, is collaborating with Delta Air Lines and Uber Technologies to introduce its air taxis to U.S. markets, with New York and Los Angeles targeted as initial launch cities, pending FAA certification.
we’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.
What’s next
Joby Aviation will continue working toward FAA certification and plans to launch commercial air taxi services in key U.S. markets, leveraging Toyota’s expertise in manufacturing and design to optimize its aircraft production.