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Toyota invests $394 million in Joby Aviation

Toyota invests $394 million in Joby Aviation

Toyota has lead the round of investment into Californian aerospace company Joby Aviation’s latest Series C funding round. Of the $590 million raised, Toyota contributed $349 million. The latest infusion has taken Toyota’s total investment into Joby to $720 million. Toyota president and CEO Akio Toyoda, announcing the investment, said ’Air transportation has been a long-term goal for Toyota’.

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