Joby Aviation Raises $500 Million from Toyota for Flying Taxis: Startup Funding Roundup

Joby Aviation just closed the largest single round of funding for a flying taxi startup in years.

The $500 million came from Toyota, which is among multiple major transport companies that want to see flying taxis — essentially modern helicopters — as part of everyday commercial travel.

Among others, Archer Aviation has raised hundreds of millions of dollars this year as it develops its own flying taxis and an airport network in California.

Six travel startups announced fundraises over the last week totaling nearly $540 million.

Joby Aviation: $500 Million

Joby Aviation, which is developing an electric air taxi for commercial service, has raised $500 million from Toyota Motor Corp.

The first half of the…