Joby Aviation and Toyota complete first exhibition flight in Japan

Toyota Motor (TM) and Joby Aviation (JOBY) announced the completion of Joby’s first international exhibition flight which took place at Toyota’s Higashi-Fuji Technical Center in Shizuoka, Japan earlier this week. The flight, completed within sight of Mount Fuji, marked an opportunity to demonstrate the low acoustic footprint of Joby’s emissions-free aircraft and celebrate nearly seven years of collaboration between the two companies, during which time Toyota has supported Joby by providing insights from its extensive automotive manufacturing and technology expertise. Joby’s electric air taxi is designed to carry a pilot and four passengers at speeds of up to 200 mph, offering high-speed mobility with zero operating emissions and a fraction of the noise produced by helicopters. Today’s news comes weeks after Toyota committed to invest an additional $500M in Joby, to support the certification and commercial production of the Company’s electric air taxi. The additional funds will bring Toyota Motor Corporation’s total investment in Joby to $894M and include plans to establish a manufacturing alliance to support the first phase of commercialization.