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Toyota AI Ventures Adds Joby Aviation to Investment Portfolio

Feb. 01, 2018

LOS ALTOS, CALIF. -- Toyota AI Ventures has added Joby Aviation to its portfolio.

The Santa Cruz, California-based company is building a new travel solution that will soar above the rest: a fully-electric, vertical-takeoff-and landing (eVTOL) air-taxi service. The Joby passenger aircraft is designed to offer commuters a safe, affordable, and faster way to commute in local and regional environments where ground congestion is a challenge.

Joby’s piloted eVTOL aircraft will seat five and be able to fly at least 150 miles on a charge. It’s also designed to be faster than other rotorcraft, significantly quieter on takeoff/landing, and near-silent on flyover. Its range, speed, safety redundancies, and passenger capacity are best-in-class