The aerial electric taxi developer increased its overall funding to $720m in a series C round led by a $394m investment from Toyota.

Automotive manufacturer Toyota Motor Corporation led a $590m series C round for US-based airborne taxi developer Joby Aviation yesterday with an investment sized at $394m according to Bloomberg. The round also featured Toyota’s strategic investment vehicle, Toyota AI Ventures, as well as Intel Capital and JetBlue Technology Ventures, investing on behalf of semiconductor and data…

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