Toyota has a pending investment in Archer Aviation, an eVTOL leader, while Joby Aviation also operates in the growing urban air travel market.
2 reports, 2 independent
Updated Aug 18
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Toyota has a pending investment in Archer Aviation, an eVTOL leader, while Joby Aviation also operates in the growing urban air travel market.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Amid Fed signals of unlikely rate cuts and the impact of the Iran war on energy prices, a joint venture was formed to advance manufacturing capacity for eVTOL companies.Sub-event
Toyota is investing in eVTOL company Archer Aviation.1 source
Keep exploring
Part of
Major automakers and airlines are heavily investing in eVTOL companies like Archer Aviation and Joby Aviation.Also in this story
- Uber, Stellantis, and United Airlines plan to launch first-party air taxi services, with Stellantis acting as the biggest investor and production partner.
- United Airlines led early investment in Archer Aviation, which is headquartered in San Jose and uses a flight test facility in Salinas.
The entities involved
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Archer Aviation
American electric aircraft manufacturer
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Joby Aviation
American aerospace company
Nothing else this week.
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Toyota
Japanese multinational automotive manufacturer
Related events
- Both Archer Aviation and Joby Aviation are leading the eVTOL industry.
- Archer and Joby are competing in the eVTOL market, and the acquisition of Insitu is providing a strong revenue stream for Archer.
- The speculative eVTOL market is seeing new partnerships and government-backed programs involving Archer, Joby, Delta, and Morgan Stanley.
- Toyota is a major investor and partner in Joby, which is seeking multi-stage certification for commercial eVTOL flights with the FAA, supported by Delta.
- Archer Aviation acquires Insitu to extend its military portfolio, while Boeing sells subsidiaries to Archer Aviation.
Coverage
Newest first; wire copies grouped- Motley FoolIs Archer Aviation Stock a Buy? Archer's Q2 loss nearly doubled to $206 million, but the company maintains $1.72 billion in cash -- more than Joby, even with Toyota's pending investment. Six Midnight
- ZacksJoby Aims to Double Production Capacity: What's the Path Ahead? Joby Aviation JOBY, a leading player in the electric vertical takeoff and landing (eVTOL) space, announced plans to expand operations.