
Joby Aviation and Toyota Form Joint Venture to Prepare for Exclusive eVTOL Manufacturing Agreement
Joby Aviation and Toyota Motor Corp. have filed with the SEC to announce the formation of 'Joby Toyota Aero Manufacturing Preparation Company (JTAMPC)' in Delaware. Toyota holds 51% and Joby 49% of the joint venture, which is intended to become the exclusive third-party manufacturer of Joby's S4 eVTOL air taxi. A final exclusive manufacturing supply agreement has yet to be concluded.
Source: Flying Magazine










