Joby Soars 30% to Year High on Toyota's $250M Investment, Boosting Air Mobility Revolution！
TradingKey - On May 28, 2025, U.S. electric air taxi company Joby Aviation (JOBY) saw its stock price surge over 30% in a single day, reaching a peak intraday price of $8.95.
(Source: TradingView)
This spike was driven by Toyota's completion of the first tranche of its strategic
A $ 250 million investment was announced last November as part of a larger $ 500 million agreement between the two companies.
Under the agreement, the funds will be primarily allocated to Joby's eVTOL certification process and commercial production to expedite the large-scale deployment of its air taxis.
Joby Surges 30% to Reach New High for the Year! Toyota Invests $250 Million, Accelerating the Revolution in Aerial Mobility!
Joby founder and CEO JoeBen Bevirt remarked, "We have witnessed significant benefits from our collaboration with Toyota in streamlining manufacturing processes and optimizing designs. This investment is an important step in expanding our commitment to electric flight with Toyota."
The two companies also announced the establishment of a strategic manufacturing alliance aimed at jointly advancing the global deployment of next-generation urban air mobility solutions. The combination of Toyota's industrial manufacturing resources with Joby's technology development capabilities could become a critical variable in the commercialization competition within the eVTOL sector.
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