"The knowledge and support shared by Toyota has been instrumental in Joby's success and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel," Bevirt said in a statement.
Electric VTOL technology has gone from theoretical to tangible in recent years - but there's still something of a legal question surrounding its wider adoption. Regulations of ultralight flying vehicles include relatively strict fuel requirements, which some manufacturers have worked around.
This latest funding follows an agreement between the two companies in which Toyota agreed to develop powertrain technology to be used in Joby's air taxis.
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