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Toyota increases investment in aerial taxis

Toyota has confirmed plans to continue supporting Joby Aviation, a startup firm based in California.

The company plans to launch a commercial flying taxi service next year, but it needs more investment to do so. Toyota has put $394,000,000 into the company since 2020, and is now planning to credit it another $500,000,000 in two instalments.

Editor: Andrew Raspopov

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October 6, 2024


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