Toyota invests $394 million in Joby Aviation's flying taxis
The latest funding round brings Toyota's total investment in Joby Aviation to $720 million.
The latest funding round brings Toyota's total investment in Joby Aviation to $720 million.
The move expands the service collaboration agreement that was previously agreed to by the two companies.
Each company will have a 50% stake in the new joint venture.
Toyota is investing $500 million in ride-sharing giant Uber for the development of self-driving vehicle technologies as part of a wider partnership between the pair.
Toyota Motor has agreed to invest US$1 billion in Southeast Asian ride-sharing operator Grab Holdings, with the funds to facilitate further development in connected cars and mobility.
The new joint venture, Toyota Research Institute-Advanced Development (TRI-AD), will focus on the research and development of self-driving technologies.
Uber and Toyota are in talks to use the ride-hailing service's self-driving technologies in a Toyota minivan model.
Pizza Hut is one step closer toward saying goodbye to the delivery guy. It is teaming up with Toyota on a driverless delivery truck that is set to begin testing in 2020.
Sony wants to lead a new joint venture to dominate a market already being chased by Toyota, Uber, and others.