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Toyota invests in flying taxis

Toyota has just pumped $394 million worth of investment into Joby Aviation, a company working on electrical flying taxi shuttle services.

Itโ€™s safe to say that 2020 probably doesnโ€™t look as cool or futuristic as twentieth century writers and film makers predicted. We arenโ€™t all living in space just yet, neither do we have flying vehicles tearing up the skies on floating motorways. The world doesnโ€™t yet resemble any scene fromย Back To The Futureย which, all things considered, is a huge disappointment.

Toyota are looking to make my daydreams a reality though as it just invested $394 million into Joby Aviation, a 400 people sized start-up located in California whoโ€™s working on a commercially viable flying taxi prototype. Why? Because weย needย it, people.

Joby unveiled its latest prototype alongside the investment news and it doesnโ€™t look how youโ€™d expect it to. There are no yellow taxi signs or wings involved, unfortunately, and the build resembles a giant drone or helicopter more than it does a traditional car. Itโ€™s still mighty impressive all the same, though Joby hasnโ€™t confirmed whether or not Toyota has tested its capabilities yet.

 

Several other companies are taking on small-scale aviation alongside Joby. Airbus SE, Hyundai, and Kitty Hawk are all currently undergoing similar projects, meaning easy, quick air travel could very well become a reality in the next few years. If you live in New York you can already try out anย on demand air taxi with Uber, who launched its premium helicopter service in October 2019. Itโ€™s not cheap, costing $200 for an 8 minute journey, but it is a good example of how our transportation needs and services could evolve in the years to come.

Toyotaโ€™s also been investing in various transport innovations alongside flying taxi services recently. Last year it dished out cash to May Mobility, a small company who develop and operate self-driving shuttle buses, and announced it was developing a dedicated space at Mount Fuji called โ€˜Woven Cityโ€™ which will be used to showcase self-driving cars. Expect plenty of over-the-top promotional shots of automated vehicles amongst scenic backdrops in the coming years.

For now, Jobyโ€™s biggest challenge as it moves its air taxi from prototype to commercially viable service is getting certification from the Federal Aviation Authority. You canโ€™t just start chucking taxis up into the sky on a whim – and Joby has stated it started legal proceedings to attain all the necessary approvals in 2018.

Itโ€™ll take a few more years, so weโ€™ll have to wait a little longer before weโ€™re all whizzing about in the air like our beloved Marty McFly, but some things are worth the wait.

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