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

Welcome to the Bloomberg Technology YouTube channel. Subscribe for original series and mini-docs on game-changing technologies, profiles on innovators, live conversations with experts, and breaking technology news & analysis from Bloomberg TV.