Mobility

Mobility
Toyota to invest $394m in US flying taxi startup Joby Aviation

Toyota Motor is investing $394 million into the U.S. "flying taxi" startup Joby Aviation, the Japanese company announced on Thursday.

Founded in 2009, Joby is developing an electric vertical takeoff and landing aircraft, or eVTOL, for urban transportation services.

The fresh funding follows Toyota's investment in February 2018 through its affiliated venture capital subsidiary, Toyota AI Ventures. The carmaker plans to provide Joby with manufacturing and electrification technologies to achieve mass production.

Grab launches cab-hailing tie-up in Japan
Grab, developer of the Singaporean "super app" of the same name, will team up with a taxi operator in Japan, letting users of its app hail taxis at popular tourist sites, starting Monday.