Toyota will share its expertise in quality, manufacturing and costs controls with Joby and says the United States company's design is well-matched to embrace the needs of the emerging urban air transport market.
Joby, which has been working on its all-electric vertical take-off and landing aircraft for the past decade, said that the funding would help it with the commercial launch of the vehicle that will make on-demand air travel available "at a similar cost to driving".
Santa Cruz-based startup Joby Aviation has raised $590 million in a Series C funding round, the company announced Wednesday.
"Air transportation has been a long-term goal for Toyota, and while we continue our work in the automobile business, this agreement sets our sights to the sky", said Toyota Motor Corporation chief executive Akio Toyoda.
Japan-listed Toyota Motor Corp (T:7203) is investing $394 million in Joby Aviation, a USA -based air-taxi startup that has reportedly spent the last ten years designing an electric air-taxi prototype. Alongside this new round of funding, Joby gains a new board member: Toyota Motor Corporation EVP Shigeki Tomoyama. Because it uses an electric transmission and a multi-rotor design, Joby Aviation says it is "100 times quieter than conventional airplanes during takeoff and landing, and nearly silent when flying overhead".
Others in the race include Europe's Airbus, Kitty Hawk, backed by Alphabet co-founder Larry Page and Boeing, as well as Volocopter, whose investors include Daimler AG.
Joby's all-electric air taxi is created to take off and land on the spot. With support from Toyota and its latest capital investment, Joby plans to will accelerate the certification and deployment of VTOL aircraft. "This collaboration with Toyota represents an unprecedented commitment of money and resources for us and this new industry from one of the world's leading automakers". The aircraft was designed so its easy for passengers to enter for departure and exit after landing.
Toyota has ventured into the flying vehicle field elsewhere, investing in the Japanese SkyDrive project to develop what is meant to be the world's smallest flying auto.
Les autres lauréats sont: Avengers: Endgame , Le Roi Lion , La Reine des Neiges 2 , Captain Marvel , Toy Story 4 et Aladdin. En cinq semaines, le troisième épisode de " Jumanji " a glané 257,1 millions de dollars aux Etats-Unis et au Canada.
Combined with the bank's 3.9% dividend yield, it's fair to say that Wells Fargo is returning lots of capital to shareholders. Longview Partners Guernsey LTD raised its position in shares of Wells Fargo & Co by 24.2% in the second quarter.
That means no pinfalls, submissions, disqualifications, count-outs, or any of the other traditional rules of a wrestling match. WWE returns with another episode of Monday Night Raw tonight from Lexington, KY at the Rupp Arena.
In the speech, he talked about receiving support from the USA to create change in the country from a grassroots level. He was freed from house arrest in November but a ban on him engaging in political activity was kept in place.
The ATP on Sunday pledged $500,000 to the WWF Australian Wildlife and Nature Recovery Fund as part of the bushfire relief efforts. The 20-time grand-slam victor took on Kyrgios as the centrepiece of Wednesday night's event and prevailed 7-6 (8-6).
However, Broccoli has made it clear in her most recent interviews that she's only focusing on No Time To Die right now. The pair reflected on how the Craig era has altered the direction of the franchise. "It's too traumatic for me".
The pre-fight press conference for UFC 246: McGregor vs Cerrone just concluded with a staredown at the Palms casino in Las Vegas . Mayweather is officially retired and has not fought professionally since beating McGregor, making any rematch unlikely.
Two days after the Cavs posted a surprising win at Denver, they could not keep up with a franchise icon who has not slowed down. Thompson had 17 points and 10 rebounds for Cleveland, while Collin Sexton and Darius Garland added 16 points apiece.
Fundamentally, without the support of these individuals, we would never achieved our objective of lifting a major trophy. India captain Virat Kohli won spirit of the cricket award for his gesture during the World Cup match against Australia .
Billionaire Tom Steyer awkwardly hovered behind the two, waiting for a handshake while they had their rushed conversation. Warren responded that she "disagreed" with Sanders, but he is "my friend and I'm not here to fight with Bernie".
$346 million: The amount of money Elon Musk is set to earn
Shares of Tesla have doubled in price over the past three months, paving the way for a massive payday for CEO Elon Musk . Musk receives no salary or cash bonus, only options that vest based on Tesla's market cap and milestones for growth.
Women's 3-on-3 event to debut at NHL All-Star weekend
The NHL selected only national team players to participate in the three-on-three event; all of them are PWHPA members. Maddie Rooney . "So I think the fans will be happy with what they see and get a great performance from both of us".
Akon crée sa propre ville au Sénégal
Son histoire personnelle l'a donc rattaché profondément au continent africain pour lequel il n'hésite d'ailleurs pas à s'engager. Un porte-parole du ministère du Tourisme a parlé quant à lui de projet de village de tourisme durable .