Toyota Motor Co., Ltd. announced on January 16 that it has agreed to cooperate with Joby Aviation to develop and commercialize an electric vertical take-off and landing aircraft [eVTOL] as an air mobility business. Toyota invested $ 394 million [approximately 43.3 billion yen] as a lead investor in the Series C round, which Joby raised a total of $ 590 million [approximately 6.46 billion yen]. Shigeki Tomoyama, the company's vice president, will join Joby Aviation as a director.
Joby Aviation eVTOL aircraft
ByJoby Aviation, a US venture founded in 2009, is developing eVTOL and aims to provide a flying taxi service in the future. In 2018, it raised $ 100 million from Intel and Toyota AI Ventures. Toyota will be involved in technology development for design, materials and electrification, and will share the know-how of the Toyota Production System [TPS]. Ultimately, we aim to mass-produce eVTOL that meets quality, reliability, safety, and strict cost standards.
According to Toyota, eVTOL is designed for short-haul, frequent operations, and is suitable for the needs of the flying taxi market, which is expected to be used on demand by commuters, business travelers, and travelers in urban areas. . In addition, it has helicopter, drone, and small airplane elements, and is superior in reliability, environmental friendliness [zero emission], cruising speed, quietness, etc., as well as operating and maintenance costs can be kept low. It also has a safety function.