Toyota is investing an additional $500 million in Joby Aviation to aid the air taxi startup’s certification and commercial production of electric vertical takeoff and landing (eVTOL) aircraft for ride-hailing services.

This brings Toyota’s total investment to $894 million since 2018. The latest funding will be delivered in two $250 million tranches, with the first expected this year and the second in 2025.

Additionally, Toyota will form a manufacturing alliance with Joby, following a previous agreement to produce powertrain components for Joby’s air taxi, The Verge has reported.

Joby’s all-electric aircraft, which can carry five people and reach speeds of 200 mph, aims to begin commercial flights in cities like New York and Los Angeles by 2025.

Written by B.C. Begley