Tag: Air Taxi

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Toyota News: Toyota Invests $500 Million in Joby Aviation for Air Taxi

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According to the latest Toyota news, Toyota’s $500 million investment shows its confidence in Joby Aviation’s vision of revolutionizing air travel. This new investment is broken into two equal tranches of $250 million each. The first tranche is expected to be closed by the end of 2024 and the second is scheduled for 2025.

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Hyundai Unveils Prototype of Electric Air Taxi at CES 2024

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Hyundai Motor Group has unveiled the prototype of its flying taxi, the S-A2, at the CES 2024 in Las Vegas. This electric vertical takeoff and landing (eVTOL) vehicle, developed by Hyundai’s Advanced Air Mobility (AAM) subsidiary, Supernal, represents a the pursuit of safe, efficient, and environmentally friendly air travel solutions for urban areas plagued by heavy traffic.