Toyota's Strategic Partnership in Aviation Innovation

Toyota's partnership accelerates innovation in aviation with high-quality parts and strategic investments.

### The Transformative Partnership Between Joby Aviation and Toyota
* 🤝 Toyota has been a crucial partner for Joby Aviation for seven years, starting with **Toyota Ventures** and evolving to **direct investment from Toyota Motor Corporation**.
* 🔧 The collaboration includes engineers from Toyota working closely with Joby's team in California, **significantly enhancing their development capabilities**.
* ✈ A parts supply agreement established last year allows Toyota to produce **high-quality components** for Joby's aircraft, motors, and battery systems.
* 💰 With a new **$500 million investment**, Toyota is increasing its commitment to making **advanced air travel accessible to everyone**, leveraging its reputation for **reliability and safety**.
* 🚀 The FAA's recent statements about the potential certification of this technology highlight the **growing momentum in the aviation industry**, which Joby has been part of for **over 15 years**.
* 🔋 Toyota's advancements in lithium-ion battery production in Greensboro, North Carolina, and their investments in hydrogen propulsion are seen as **game changers for aviation**.
* 🚖 The partnership with leading companies like **Uber and Delta** enhances Joby's position in the market, showcasing a collaborative effort in **revolutionizing transportation**.
* 🌆 Joby has demonstrated its aircraft in New York, emphasizing its **efficiency and quiet operation**, which is essential for **expanding takeoff and landing locations in urban areas**.

What does the Toyota partnership bring you? What nuts and bolts are they actually doing behind the scenes with you? So Toyota is an incredible investor. They've been with us for seven years now. First Toyota Ventures, then Toyota Motor Corporation, and that when they did the investment in 2019, they sent engineers that are working shoulder to shoulder with our team in California. That's been absolutely game changer. Last year, we agreed to a parts supply agreement with Toyota where Toyota's making incredible, really high-quality parts for aircraft, parts for our motors, and actually orders and for our battery systems. They've been incredible. And now with this next $500 million investment, they're leaning in even more. And one of the key things we have this dream of taking this and making it something accessible to everyone. And Toyota is known around the world for making incredible cars with spectacular reliability and safety. But why won't the chairman get in one of Toyota?

Like, how much are you managing to convince him and others that this is the safe and very real way to travel? We are really excited about that. And he's really excited about that. He asked me every time I meet with him, when can I get in and fly? Okay. At. Joe. Ben, I'm super interested in the future of this industry in Japan and the adoption there. I think you're supposed to next month even demo some tech, right? Do you see it superseding the United States for EV till we see spectacular rolling in from countries around the world and regulators around the world. Just this morning, you heard the FAA administrator say that he expected certification as early as next year and that this technology was going to have as large an impact as cell phones and automobiles have had on our lives. And so just having lean in from regulators like that, from Jacob in Japan is just a dream come true.

I've been working on this for more than 15 years, and the momentum we're seeing in this industry has never been greater. Toyota is going to do lithium-ion out of Greensboro, North Carolina. Are they going to supply you? You're going to buy lithium-ion for them. The investments that Toyotas are making in North Carolina are just spectacular. The advances they're making in batteries are phenomenal. They've been investing in hydrogen propulsion, which is going to be the next age for aviation propulsion. So across the board, we could not dream of a better supplier than the world's number one automotive company, Toyota. I'd also like to highlight that last night we had Uber CEO Dara in Grand Central Station with us. And it is just spectacular to have the number one automotive company, the number one ride-sharing company, and the number one airline with Delta, who's also one of our investors and strategic partners.

Joby is just continuing to deliver day after day and year after year. And it's so wonderful to have incredible partners like we do alongside us. I ask again, when will I be in it? So we brought our aircraft here to New York this last fall, and we're able to show the community not just how fast and efficient this new mode of transportation will be, but also how quiet it is. And that is critical to opening up new takeoff and landing locations. So we're working with the Port Authority here to get the ports permitted at JFK, LaGuardia, Newark, and to be able to build these best-in-class experiences. We're looking forward to providing trips to upstate New York and connecting to the entire region.

Toyota Boosts Investment in Air Taxi Maker Joby Aviation

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Toyota has been a key investor for seven years, providing engineers and a parts supply agreement for high-quality aircraft and battery system components.

The recent $500 million investment from Toyota signifies a deeper commitment to the partnership.

The company's global reputation for reliability and safety in car manufacturing is driving the vision of making advanced travel technology accessible to everyone.

Toyota's Impact on the Lithium-Ion and Aviation Propulsion Industry

Toyota is making significant investments in lithium-ion production and battery advancements in Greensboro, North Carolina.

The company's focus on hydrogen propulsion is expected to revolutionize aviation.

The collaboration with Toyota, along with partnerships with Uber and Delta, creates a powerful network in the automotive, ride-sharing, and airline industries.

Joby is consistently delivering on its promises and has strong partnerships supporting its mission.

The company's aircraft, showcased in New York, highlights the fast, efficient, and quiet nature of its new transportation mode.

Joby is working with the Port Authority to permit takeoff and landing locations at JFK, LaGuardia, and Newark, with plans to provide trips to upstate New York and connect the entire region.