Toyota Partners in eVTOL aircraft
Toyota will share its expertise in manufacturing, quality and cost controls for the development and production
Toyota is exploring a new flight path for mobility through a new collaboration with Joby Aviation, an aerospace company that is developing and commercializing all-electric vertical take-off and landing (eVTOL) aircraft to enable the deployment of fast, quiet and affordable air transportation services.
The collaboration reflects Toyota’s recognition of the long-term potential of the urban air mobility market to meet the evolving needs of society, as well as Joby’s position as an industry leader in working to deliver safe and affordable air travel to everyone.
In addition to investing (US)$394M in Joby, Toyota will share its expertise in manufacturing, quality and cost controls for the development and production of Joby Aviation’s breakthrough eVTOL aircraft.
Joby’s design is well matched to serve the needs of an emerging air transportation market where commuters and travelers embrace the benefits of aviation on a daily basis within and between urban centers.
More details of the prototype aircraft and production plans will be announced at a later date.
Joby is a leader in the development of eVTOL aircraft which combine elements of helicopters and small airplanes, offering benefits that include high reliability, zero emissions, fast flight speeds and quiet operations.
The aircraft also offers lower operating costs, lower costs of maintenance, and enhanced safety features.