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Toyota is working with high-flying airline companies to design a fleet of fast and affordable air taxis

Toyota is working with aviation startup to design a futuristic fleet of fast and affordable air taxis

  • Toyota contributed $ 394 million to help develop the flying taxis
  • This triples the car giant’s last contribution to Joby Aviation
  • Joby Aviation also announced a partnership with Uber last month
  • Uber wants customers to call a flying taxi with their phone

Toyota is throwing another important financing round behind a new startup, Joby Aviation, which wants to make a line of electric air taxis popular.

This will be Toyota’s second financing round for Joby Aviation and will almost triple the car giant’s previous investment to $ 394 million.

In total, Joby raised $ 720 million in the nearly 10 years it was active.

Toyota will now work with the startup to build its fleet of vertical take-off and landing craft (VTOL) designed to be used for a ride service.

Toyota invests three times its previous contribution in a new financing round for the futuristic fleet of air taxis of Joby Aviation

Toyota invests three times its previous contribution in a new financing round for the futuristic fleet of air taxis of Joby Aviation

With the help of Toyota, Joby hopes to bring his vehicles to market faster. To do this, it has also collaborated with the start of ride sharing, Uber.

In its collaboration with Uber, Joby strives to make users of the on-demand service greet one of its vehicles. Uber will offer the company a network of customers and also help with the construction of runways, production and more.

Despite the recent trusts from Toyota and Uber, the company will have strong competition from other companies who want to make their own contribution to air taxis.

In addition to Hyundai, Bell also unveiled the Nexus 4EX air taxi at CES in Las Vegas this month.

This is the second version of the all-electric flying vehicle company, which now has a larger wing than its predecessor who appeared at the Las Vegas event in 2019.

The redesigned vessel can carry up to five passengers for 60 miles at a speed of around 150 miles per hour and could take off over the next five years.

Bell is also part of Uber Elevate, the initiative of the giant rider whose goal is to speed up the process of bringing taxis into the air, a concept that it has already explored with plans to launch UberAIR in the future.

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