As the first flying cabs approach production, Toyota is more than doubling down on its stake in Joby Aviation, a California-based an electric air mobility start-up that is now test flying its first production prototypes.
archer aviation
Stellantis Invests $55 Million in Air Taxi Start-Up
Stellantis has invested an additional $55 million in Archer Aviation, a pioneer in the fast-emerging field of drone-like flying taxis. That follows a previous $110 million investment the Euro-American automaker made in Archer. And it comes at a time when the start-up completed a milestone flight and is preparing to open up a new assembly plant in Georgia.