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Joby Aviation shares pop 13% as electric air taxi maker closes $250 million Toyota investment
TMToyota(TM) CNBC·2025-05-28 21:11

Attendees view a Joby Aviation electric vertical take-off and landing (eVTOL) aircraft during an event at Edwards Air Force Base in Edwards, California, US, on Monday, Sept. 25, 2023. Air taxi start-up Joby Aviation Inc. today announced it has delivered its first eVTOL to the US Air Force.Joby Aviation shares jumped 13% Wednesday after the maker of electric air taxis said it received 250millionfromToyota.Thepaymentispartofapreviouslyannounceddealfromthecarmakertoinvest250 million from Toyota.The payment is part of a previously announced deal from the carmaker to invest 500 million in the c ...