Joby Aviation Stock Soars 28.78% as Toyota Investment Boosts 88th Ranked Trading Volume

On May 28, 2025, Joby Aviation (JOBY) saw a significant surge in its stock price, rising by 28.78% and marking its second consecutive day of gains, with a total increase of 33.63% over the past two days. The trading volume reached 8.46 billion, placing it at the 88th position in the day's market activity.

Joby Aviation announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. This funding is aimed at supporting the certification and commercial production of Joby's electric air taxi, underscoring the mutual commitment to deepening integration and delivering next-generation travel to global markets. The investment also brings the two companies closer to a strategic manufacturing alliance.

JoeBen Bevirt, founder and CEO of Joby, highlighted the benefits of collaborating with Toyota, stating that it has streamlined manufacturing processes and optimized design. He emphasized that this capital infusion, along with Toyota's production expertise, enhances Joby's ability to scale cutting-edge design and manufacturing to meet the demands of partners and customers.

Tetsuo "Ted" Ogawa, CEO of Toyota North America, echoed this sentiment, noting that the investment reflects a shared dream of mobility for all and a commitment to achieving a future of air mobility. The collaboration between Joby and Toyota is expected to further cement their alignment and progress toward their shared vision.