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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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
- Joby Aviation is advancing its eVTOL operations through demonstrations and planning flights across multiple states, including Florida, North Carolina, Arizona, Idaho, and New York City.
- Joby Aviation and Beta Technologies opened an eVTOL Integration Pilot Program, with Joby's flights supporting the Florida Department of Transportation's Aerial Highway Network.
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Toyota
Japanese multinational automotive manufacturer
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.