Joby Aviation And Toyota Launch Joint Venture JTAMPC With Toyota Investment Of $894 Million
Building Size
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Asset Type
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Closing
Jul 1, 2026
About this deal
AI
Joby Aviation and Toyota Motor Corporation have announced the formation of a joint venture named Joby Toyota Aero Manufacturing Preparation Company (JTAMPC) to enhance the commercial production of Joby's S4 Series electric air taxi. In this venture, Toyota holds a 51% stake while Joby retains a 49% stake, indicating a significant collaborative effort to advance electric aviation manufacturing.
Summary of transaction details:
- Deal Type: Joint Venture
- Transaction Amount: $500 million (previous investment)
- Joby Aviation total investment from Toyota: $894 million
- Partnership duration: nearly a decade of collaboration
- Key Stakeholder: Toyota Motor Corporation
- Key Stakeholder: Joby Aviation
Joby Aviation focuses on developing electric air taxis to enhance urban transportation, while Toyota is complementing its automotive expertise with strategic investments in innovative transportation solutions. The partnership reflects ongoing collaboration and financial commitment from Toyota, led by JoeBen Bevirt, emphasizing a long-term strategy for advancing electric aviation manufacturing capabilities.
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Market CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93