Advanced Air Mobility (eVTOL / Urban Air Mobility)  

Joby targets Toyota’s second $250m investment by year-end, pending “final approval” on manufacturing deal

Joby says it expects to secure Toyota’s second $250 million investment before year-end. While the companies have now established a joint venture, Toyota’s added funding is contingent on “final approval” of a manufacturing deal tied to the transaction.

Discovered 2026-07-01T12:44:50.803798-07:00 | 2026-07-01T12:44:50.803798-07:00

Briefing

What Hype is tracking

  • The second $250 million from Toyota is a near-term financing milestone that could de-risk Joby’s commercialization timeline.
  • Even after forming a joint venture, Toyota funding remains contingent on “final approval” of a manufacturing deal—highlighting how production strategy gating can impact capital release.
  • The outcome directly affects the pace of scaled eVTOL manufacturing planning, a key dependency for aircraft ramp and partner confidence.

Reported By

FlightGlobal
Sources Tracked
1
First Seen
2026-07-01T12:44:50.803798-07:00
Latest Update
2026-07-01T12:44:50.803798-07:00
Coverage
Aviation

Sources

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