logo
welcome
TechCrunch

TechCrunch

Toyota pours another $500M into electric air taxi startup Joby Aviation | TechCrunch

TechCrunch
Summary
Nutrition label

73% Informative

Toyota is doubling down on its investment in California -based Joby Aviation .

The $500 million investment will be made in two equal tranches in the form of cash for common stock.

The funds will be used to help Joby complete the lengthy Type 2 certification process with the Federal Aviation Administration .

Joby is in the fourth of five stages of the type certification process and aims to launch a commercial air taxi business in 2025 .

VR Score

78

Informative language

80

Neutral language

70

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links