United States Electric Flying Taxi Joby Aviation Founder & CEO JoeBen Bevirt (Age 51) Becomes Billionaire with $1.3 Billion Fortune, Owns 12% Stake in Joby Aviation, Current Market Value at $14.9 Billion, Share Price +119.7% YTD, +172.2% Last 12 Months & +66% Last 5 Years, Joby Aviation Founded in 2009 by JoeBen Bevirt & SPAC IPO on NYSE (New York Stock Exchange) in 2021
20th July | Hong Kong
United States electric flying taxi Joby Aviation founder & CEO JoeBen Bevirt (Age 51) has become a billionaire with $1.3 billion fortune, owning 12% stake in Joby Aviation with current market value at $14.9 billion (Share price +119.7% YTD, +172.2% last 12 months & +66% last 5 years. Joby Aviation was founded in 2009 by JoeBen Bevirt, and SPAC IPO on NYSE (New York Stock Exchange) in 2021. Joby Aviation – Joby is a California-based company building quiet, all-electric aircraft to connect people like never before. Quiet as a conversation and with the ability to take off and land vertically, the Joby aircraft will change the way we move while reducing the acoustic and climate footprint of flight. In 2024 October, Toyota ($238 billion market value) announced to invest additional $500 million into electric flying taxis Joby Aviation. With the announcement, Toyota will be making a total investment of $894 million into Joby Aviation. Announcement: “Toyota Motor Corporation (Toyota; NYSE: TM) and Joby Aviation, Inc. (Joby; NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby’s electric air taxi, with the aim of realizing the two companies’ shared vision of air mobility. The investment, which will be made in two equal tranches, is subject to standard regulatory approvals and certain other conditions, finalization of collaborative and commercial agreements and, with respect to the second tranche, the finalization of terms related to a strategic alliance focused on commercial manufacturing and certain other conditions. The investment, which will bring Toyota Motor Corporation’s total investment in Joby to $894 million, will be made in the form of cash for common stock, with the first tranche targeted to close later this year and the second in 2025. Further details of the investment are available via the companies’ regulatory filings with the SEC.”
“ United States Electric Flying Taxi Joby Aviation Founder & CEO JoeBen Bevirt (Age 51) Becomes Billionaire with $1.3 Billion Fortune, Owns 12% Stake in Joby Aviation, Current Market Value at $14.9 Billion, Share Price +119.7% YTD, +172.2% Last 12 Months & +66% Last 5 Years, Joby Aviation Founded in 2009 by JoeBen Bevirt & SPAC IPO on NYSE (New York Stock Exchange) in 2021 “
$238 Billion Toyota to Invest Additional $500 Million into Electric Flying Taxis Joby Aviation, Total Investment of $894 Million by Toyota into Joby Aviation
5th October 2024 – Toyota ($238 billion market value) has announced to invest additional $500 million into electric flying taxis Joby Aviation. With the announcement, Toyota will be making a total investment of $894 million into Joby Aviation. Announcement: “Toyota Motor Corporation (Toyota; NYSE: TM) and Joby Aviation, Inc. (Joby; NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby’s electric air taxi, with the aim of realizing the two companies’ shared vision of air mobility. The investment, which will be made in two equal tranches, is subject to standard regulatory approvals and certain other conditions, finalization of collaborative and commercial agreements and, with respect to the second tranche, the finalization of terms related to a strategic alliance focused on commercial manufacturing and certain other conditions. The investment, which will bring Toyota Motor Corporation’s total investment in Joby to $894 million, will be made in the form of cash for common stock, with the first tranche targeted to close later this year and the second in 2025. Further details of the investment are available via the companies’ regulatory filings with the SEC.”
About Joby – Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world.
About Toyota – Toyota (NYSE:TM), creator of the Prius hybrid and the Mirai fuel cell vehicle, is committed to building vehicles for the way people live through our Toyota and Lexus brands, and directly employs more than 63,000 people in North America (more than 49,000 in the U.S.). Over the past 65 years, Toyota has assembled nearly 47 million cars and trucks in North America at the company’s 12 manufacturing plants. By 2025, the company’s 13th plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles. Through our more than 1,800 North American dealerships (nearly 1,500 in the U.S.), Toyota sold more than 2.6 million cars and trucks (more than 2.2 million in the U.S.) in 2023, of which more than one quarter were electrified vehicles (full battery, hybrid, plug-in hybrid and fuel cell
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