Joby Aviation Raises $500 Million from Toyota for Flying Taxis: Startup Funding Roundup
Photo Credit: Pictured: The first three aircrafts completed by Joby Aviation Joby Aviation
Skift Take
Joby Aviation and Toyota are among multiple transport companies that want to see flying taxis as part of everyday commercial travel. If everything stays on track, that could start becoming a reality in 2026.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.Joby Aviation just closed the largest single round of funding for a flying taxi startup in years.
The $500 million came from Toyota, which is among multiple major transport companies that want to see flying taxis — essentially modern helicopters — as part of everyday commercial travel.
Among others, Archer Aviation has raised hundreds of millions of dollars this year as it develops its own flying taxis and an airport network in California.
Six travel startups announced fundraises over the last week totaling nearly $540 million.
Joby Aviation: $500 MillionJoby Aviation, which is developing an electric air taxi for commercial service, has raised $500 million from Toyota Motor Corp.
The first half of the funding is expected to close later this year, and the second is planned to close in 2025.
Toyota has now invested $894 million in Joby. Toyota says its investment aligns with its aim to redefine itself as a “mob
