Toyota invests $394 million USD into Joby Aviation. Wayne Gerdes – CleanMPG – January 15, 2020 Toyota announced a new collaboration with Joby Aviation (Joby), an aerospace company that is developing and commercializing all-electric vertical take-off and landing (eVTOL) aircraft. The collaboration reflects Toyota’s recognition of the long-term potential of the urban air mobility market and Joby’s position as an industry leader in working to deliver safe and affordable air travel to everyone. As the lead investor in Joby’s $590M Series C financing, Toyota leverages emerging technologies to provide “Mobility for All.” In addition to investing $394M in Joby, Toyota will share its expertise in manufacturing, quality and cost controls for the development and production of Joby Aviation’s breakthrough eVTOL aircraft. Joby’s design is well matched to serve the needs of an emerging air transportation market where commuters and travelers embrace the benefits of aviation on a daily basis within and between urban centers. More details of the prototype aircraft and production plans will be announced at a later date. The new collaboration with Joby Aviation is anticipated to help bring urban on-demand air transportation into the mainstream and initiate a new category of moving people and goods. Joby eVTOL aircraft promises high reliability, zero emissions, fast flight speeds and quiet operations. The aircraft also offers lower operating costs, lower costs of maintenance, and enhanced safety features vs helicopters or planes with similar loads. JOBY Specs The 4-passenger eVTOL aircraft takes off and lands vertically like a helicopter, transitions to forward flight as a plane, and back to helicopter mode to land. The all-electric powertrain supposedly provides near silent cruise. There are no single points of failure and the on-board - maybe autonomous??? - pilot will fly you to your destination. Top Speed: 200 MPH Range on a single charge: 150+ MILES 100× quieter than conventional aircraft 0 local carbon emissions A very small 4-person eVTOL that cannot fit in one’s garage, cannot land on one’s street, and needs a ton of yearly permits and inspections does not sound like a profitable way to air travel but I am guessing as to its actual costs?