This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEI9H05G_L.jpg
Joby, in which Toyota has invested $394 million, designs and builds all-electric vertical take-off and landing (eVTOL) aircraft.
The startup in May received certification from the U.S. Federal Aviation Administration (FAA) allowing it to begin commercial air-taxi operations with conventional aircraft.
The California-based startup has more regulatory hurdles to clear in the United States before its five-seater eVTOL aircraft can fly passengers.
