TOKYO -- In an auto sector already drawing on other industries in the push toward electrified and self-driving vehicles, Toyota Motor's investment in an air taxi startup underscores the next frontier in mobility shifting to the skies.
Japan's largest automaker said Thursday it injected $394 million into U.S. startup Joby Aviation, which is developing an electric flying taxi. Toyota will provide mass production technology and electrification know-how as they seek to commercialize the aircraft as soon as possible.
