Joby Aviation shares pop 13% as electric air taxi maker closes $250 million Toyota investment

Group 1 - Joby Aviation has delivered its first electric vertical take-off and landing (eVTOL) aircraft to the US Air Force, marking a significant milestone for the company [1] - Following the announcement, Joby Aviation's shares increased by 13% after revealing a $250 million investment from Toyota [1] - The$250 million payment is part of a larger $500 million investment deal from Toyota aimed at supporting the certification and commercial production of Joby's electric air taxis [2] Group 2 - Joby Aviation's CEO, JoeBen Bevirt, highlighted the benefits of collaborating with Toyota, particularly in streamlining manufacturing processes and optimizing design [2] - The partnership with Toyota is seen as a crucial step in scaling the potential of electric flight [2]