Deutsche Bank Cautious on Joby Aviation Inc (JOBY): 'Mixed reactions to $500m cap raise', Shares Up 25pct Today

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Go back to Deutsche Bank Cautious on Joby Aviation Inc (JOBY): 'Mixed reactions to $500m cap raise', Shares Up 25pct Today

Joby Aviation surges as Toyota plans to invest $500 million in eVTOL company

October 2, 2024 9:11 AM EDT

Investing.com -- Shares in Joby Aviation (NYSE: JOBY) surged sharply after Toyota Motor (NYSE: TM) said it would inject an additional $500 million into the electric vertical takeoff and landing (eVTOL) aircraft maker to help... More

Toyota Motor (TM) To Invest $500 Million in Joby Aviation (JOBY)

October 2, 2024 8:46 AM EDT

Toyota Motor Corporation (Toyota; NYSE: TM) and Joby Aviation, Inc. (Joby; NYSE: JOBY), a company developing electric air taxis for commercial passenger service, today announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby's electric air taxi, with the aim of realizing the two companies' shared vision of air mobility.

The investment, which will be made in two equal tranches, is subject to standard... More