Aircraft
Toyota and Joby Start eVTOL Manufacturing Joint Venture
Toyota will be the majority owner of the production company
Joby and Toyota fly eVTOL aircraft
In November 2024, Joby Aviation and Toyota demonstrated an eVTOL aircraft in Japan.

Toyota Motor and Joby Aviation have firmed up their plans to jointly produce eVTOL aircraft, announcing what they described as a strategic alliance on June 30. The partners said they will start jointly establishing the groundwork for commercial production of Joby’s four-passenger model “with a particular emphasis on further improving productivity, quality, and cost.”

The Japanese automotive group is a major investor in Joby, having provided almost $900 million in capital for the California start-up. Toyota, which employs nearly 64,000 people in North America, is providing technical support for Joby’s efforts to establish a series production line for the S4 eVTOL aircraft in Ohio.