NYSE:JOBYAirlines
How Investors Are Reacting To Joby Aviation (JOBY) Expanding Its Toyota Partnership And Raising Fresh Capital
Earlier in February, Joby Aviation disclosed a deepened manufacturing collaboration with Toyota, including the closing of a US$250 million funding tranche and a separate public stock offering expected to raise about US$202 million to support certification, production, and commercialization of its electric air taxi.
This combination of fresh capital and Toyota’s production expertise positions Joby to tackle the costly shift from prototype development to scaled manufacturing while advancing...